Kashkari Sees Better Labor Market and Inflation Risks
Minneapolis Fed President Neel Kashkari says the labor market is improving but the Iran war has worsened inflation. He remains open to future rate hikes.
Xurve View
Xurve View
Minneapolis Federal Reserve President Neel Kashkari said on Wednesday, May 13 at a St. Paul Area Chamber event that the United States labor market looks a bit better than earlier this year, while the Iran war has worsened inflation that already was running too high. His remarks underscore his preference for leaving the Fed's door open to possible rate hikes. Getting inflation back down is the central bank's job.
