Fed’s Kashkari: inflation still too high

by Reuters

(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)

tagreuters.com2023binary_LYNXMPEJ9G13Q-BASEIMAGE

author avatar
Reuters

You may also like

You can't access this website

Shore News Network provides free news to users. No paywalls. No subscriptions. Please support us by disabling ad blocker or using a different browser and trying again.