Fed Official Kashkari: The Fed Cannot Stand Still In Fighting Inflation

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Neel Kashkari, president of the Federal Reserve Bank of Minneapolis (Fed), gave a speech at the University of Montana on Monday. Kashkari said the Fed cannot “stand still” in its response to inflation.

Inflation is around 3% and the Fed must get it down to 2%.

Fed can’t “stand still” on fighting inflation

Said the labor market is not as ‘buoyant’ as it was 12 months ago, but remains tight.