Fed's Kashkari says inflation 'still too high' despite lower PCE data than expected
Minneapolis Fed President Neel Kashkari stated that inflation remains too high, despite recent data showing it is above the central bank's 2% target.
Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday that inflation remains “too high,” after the the Bureau of Economic Analysis (BEA) released data showing that annual inflation remained above the central bank’s 2 percent target in August. “Inflation is still too high,” Kashkari told CNBC’s Steve Liesman at a Council on Foreign Relations...
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