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Fed's Kashkari Says Inflation Still Too High
Original: Fed’s Kashkari Says Inflation Still Too High, Latest Data Didn’t Change View
Minneapolis Federal Reserve President Neel Kashkari said US inflation remains too high and that the latest economic data did not change his view on the outlook for prices. His comments signal continued caution among Federal Reserve policymakers about easing monetary policy, keeping attention on how long interest rates may stay elevated while officials wait for clearer evidence that inflation is returning to target.
Why now: Markets and investors are watching Fed officials' statements closely for clues about the future path of interest rates.
Neel KashkariFederal ReserveMinneapolis FedUnited States
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