Fed’s Kashkari Says Inflation Data Moving In Right Direction
- Minneapolis Fed chief speaks minutes after October CPI report
- Says officials have several weeks of data before rate decision
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Federal Reserve Bank of Minneapolis President Neel Kashkari said the top figures from the latest consumer price report confirm inflation is headed down toward the central bank’s 2% target.
Kashkari, who spoke just minutes after the release of the October consumer price index, emphasized he hadn’t been able to look at the data in detail yet. Still, based on the headline numbers, the Minneapolis Fed chief said he’s confident about the trajectory of inflation.