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Tuesday, December 5, 2023

Fed’s Kashkari: inflation still too high

Fed's Kashkari: inflation still too high
© Reuters. FILE PHOTO: Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, U.S., May 22, 2023. REUTERS/Mike Segar//File Photo

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said it has taken much longer than expected for inflation to come down, and it is “still too high.”

Kashkari, speaking at an event focused on the intersection of healthcare and the economy at the University of Minnesota, did not say whether he feels the Fed needs to raise rates any further, or provide new color on his outlook for the macro economy.

Source: Investing.com

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