Central Banks

Fed’s Kashkari Says Inflation Too High, Wages Softened Somewhat

  • Minneapolis Fed chief recalls 2008 global financial crisis
  • Warns prolonged inverted yield curve a real stress for banks
Neel Kashkari, president and chief executive officer of the Federal Reserve Bank of Minneapolis.Photographer: Andrew Harrer/Bloomberg
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Federal Reserve Bank of Minneapolis President Neel Kashkari said price pressures remain too hot, even as officials assess the imprint that banking strains are having on the US economy.