Kashkari of the Federal Reserve Bank of Minneapolis explains why it lags behind on inflation, and calls for higher interest rates

Kashkari of the Federal Reserve Bank of Minneapolis explains why it lags behind on inflation, and calls for higher interest rates

Minneapolis Federal Reserve Chairman Neel Kashkari said Wednesday that he was wrong to think inflation would “temporarily” stabilize last year, and said further rate hikes would be appropriate this year to further reduce price pressures. “While I think it is too early to definitively declare that inflation has peaked, we are seeing mounting evidence that …

Kashkari of the Federal Reserve Bank of Minneapolis explains why it lags behind on inflation, and calls for higher interest rates Read More »