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 | greg.quinn@marketnews.com

US Central Bank News Policy News Homepage Federal Reserve Brief Story Region North America

Greg Quinn

Greg covers Canada's economy and the Bank of Canada for MNI in Ottawa.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

US Central Bank News Policy News Homepage Federal Reserve Brief Story Region North America

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