Central Banks
Kashkari Calls Inflation Outlook ‘Positive,’ Expects Job Losses
- Minneapolis Fed President says US economy proving ‘resilient’
- Unemployment may reach 4%, Kashkari says in interview on CBS
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The inflation outlook in the US is “quite positive,” Federal Reserve Bank of Minneapolis President Neel Kashkari said, though the central bank’s aggressive monetary tightening campaign to tamp down price surges will likely result in some job losses and slower growth.