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MNI BRIEF: Kashkari Says Fed Has More Work To Do On Inflation


The Fed has more work to do bringing inflation back to target and shouldn't be "fooled" by a few months of positive data with price gains still far too high, Minneapolis President Neel Kashkari said Monday.

“We need to finish the job,” Kashkari said during a question-and-answer session. “It’s still a really strong labor market out there”, even if it's not as "frothy" as it was recently, he said. Kashkari hopes inflation can be brought down in an "orderly" way without a deep recession. (See: MNI INTERVIEW: Fed's Barkin 'Very Open' To More Tightening)

MNI Ottawa Bureau | +1 613-314-9647 |
MNI Ottawa Bureau | +1 613-314-9647 |

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