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Neel Kashkari ‘Happy’ to See the Stock Market’s Reaction After Jackson Hole

The Minneapolis Fed president sees the selloff as evidence that the market is taking the central bank’s inflation fight seriously.

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Fed Chair Powell Makes the Mission Clear: Bring Down Inflation

Sharp stock-market losses show investors have got the message that Jerome Powell and his colleagues are serious about tackling inflation, said Minneapolis Fed President Neel Kashkari.

“I was actually happy to see how Chair Powell's Jackson Hole speech was received,” Kashkari said in an interview with Bloomberg’s Odd Lots podcast on Monday, reflecting on the steep drop after Powell spoke. “People now understand the seriousness of our commitment to getting inflation back down to 2%.”