Fed’s Kashkari: inflation still too high

Fed's Kashkari: inflation still too high
FILE PHOTO: Minneapolis Fed President Neel Kashkari speaks during an interview with Reuters in New York

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said it has taken much longer than expected for inflation to come down, and it is “still too high.”

Kashkari, speaking at an event focused on the intersection of healthcare and the economy at the University of Minnesota, did not say whether he feels the Fed needs to raise rates any further, or provide new color on his outlook for the macro economy.

(Reporting by Ann Saphir; Editing by Chris Reese)

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