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MNI BRIEF:Kashkari Says Inflation May Settle In A Few Quarters

(MNI)

Minneapolis Fed President Neel Kashkari said Tuesday that bottlenecks should be worked out in the next few quarters and help inflation settle down.

"Whether it's a supply story or a demand story, they both should be temporary," he said during an online event. "The increase in inflation should not be sustained over a long period of time and they should reach some type of equilibrium in the next few quarters." He also said inflation has been elevated longer than he expected.

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

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