- G10 Markets
- Fixed Income
- Foreign Exchange
- Emerging Markets
- MNI Research
- Global Macro
- Political Risk
- About Us
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
- G10 Markets
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
Real-time insight of oil & gas markets
Reporting on key macro data at the time of release.
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
MNI BRIEF: Fed Must Hit 2% Before Rethinking Target-Kashkari
The Federal Reserve must hit 2% inflation before considering any adjustment to the inflation target, Minneapolis Fed President Neel Kashkari said Thursday.
"It is conceivable that once we get through this inflation period, and we get inflation back down to 2%, we could have a deliberation with, for example, elected leaders in Washington" and ask whether a Fed inflation target of 2.5%, 3% or 1.5% is preferable, he said in Q&A at an event in Michigan. "But we can't change it while we're missing it. Right?"
Kashkari characterized recent inflation as "pretty darn persistent" and said the Fed will "keep at it for an extended period of time." (See: MNI INTERVIEW: Sticky Prices Could Require More Hikes-Fed Econ)
"We have to get inflation back down to 2%. The Federal Open Market Committee is united in our commitment to doing that. Once we do that, it'll be an appropriate time to have that conversation," he said. "Just because the Committee picked 2% a decade ago that doesn't mean that we need to live with 2% for the next 50 years, but now's not the time to change."
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.