Economics

Kashkari Says Fed Committed to Slowing Inflation to 2% Goal

Minneapolis Fed president says not seeing US wage-price spiral
Democrats’ tax and climate bill unlikely to impact inflation

Powell: Another Unusually Large Hike Depends on Data

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By Eric Martin

July 31, 2022 at 4:08 PM UTC

Updated on

July 31, 2022 at 7:17 PM UTC

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Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank is committed to doing what’s necessary to bring down demand in order to reach policy makers’ 2% long-term inflation goal, a target that remains far off.