Fed Official Says Inflation Is Too High
Minneapolis Fed President Neel Kashkari stated that inflation remains too high across all sectors of the US economy. He noted that price pressures persist beyond energy costs despite recent interest rate hikes.
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Minneapolis Federal Reserve President Neel Kashkari warned on Sunday morning that inflation remains elevated across all sectors of the United States economy. The remarks follow a unanimous FOMC vote to raise rates to a range of 3.75%-4.00%. The broader policy path faces mounting pressure from geopolitical supply shocks and persistent domestic services inflation.
