Central Banks
Kashkari Says Inflation Rate Too High, But Fed Sees Progress
- Question remains whether more needed to curb price growth
- Minneapolis Fed chief notes economy is ‘very resilient’
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Federal Reserve Bank of Minneapolis President Neel Kashkari said there’s been positive action on controlling US inflation, but it’s still higher than policymakers are prepared to tolerate.
“Right now inflation is coming down — we’ve made some good progress,” Kashkari said Tuesday at a conference in Minneapolis. “It’s still too high.”