Economics
Kashkari Warns Fed Overreaction to Inflation Could Be Harmful
- Cites long-term economic risk even as Americans feel real pain
- Says Powell, Brainard would pursue similar monetary policies
This article is for subscribers only.
Federal Reserve Bank of Minneapolis President Neel Kashkari said the U.S. central bank shouldn’t overreact to elevated inflation even as it causes pain for Americans, because it is likely to prove temporary.
“The high prices that families are paying, those are real and people are experiencing that pain right now,” Kashkari said Sunday on CBS’ “Face the Nation.”