Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Federal Reserve official Kashkari stated that it may take a year or two to bring inflation back to 2%. He also mentioned that wage growth might currently be too high to achieve the 2% inflation target. Kashkari expressed optimism about the strong fundamentals of the economy.
๐จ๏ธ FED's Kashkari: ๐ It will probably take a year or two to get inflation back to 2%. ๐ The economy keeps throwing us curve balls, which are challenging. ๐ We are getting disinflation despite remarkable economic growth. ๐ The interest rate outlook depends on the path ofโฆ https://t.co/5W11pe1984
FED'S KASHKARI: OPTIMISTIC THAT FUNDAMENTALS OF THE ECONOMY ARE VERY STRONG.
Fed's Kashkari Says Likely To Take A Year Or Two To Bring Inflation Back To 2% - Wage Growth Might Still Be A Bit Too High To Achieve 2% Inflation Currently