✉news BusinessBanking first seen 5 h ago, last 58 min ago, peak #6
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 recent economic data did not change his assessment of price pressures. His comments add to signals that Federal Reserve policymakers remain cautious about cutting interest rates until inflation shows more convincing progress toward the central bank's 2% target. Markets and analysts watch such remarks closely for clues on the timing of future rate moves.
Why now: Investors and analysts are watching Fed officials' comments for hints about the path of interest rates amid sticky inflation.
Neel KashkariFederal ReserveMinneapolis Fed
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