Fed's Kashkari: Inflation fight takes priority over labor market concerns
By
Lim Hui Jie
A bagel you'd recommend to a friend without hedging.
Summary
Minneapolis Federal Reserve President Neel Kashkari stated that reducing inflation remains the Fed's top priority, as consumer prices are still "much too high." Speaking at the Bank of Japan-IMES Conference, he emphasized a balanced approach to the Fed's dual mandate of price stability and full employment, noting inflation has exceeded the 2% target for over five years while the labor market remains in "decent shape." Kashkari warned that persistently high inflation risks becoming embedded in consumer expectations, which could force tougher policy actions later.
Key quotes
· 3 pulledI am focusing heavily on inflation
much too high
decent shape
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