Fed’s Kashkari: Inflation still too high in ‘all aspects’ of economy
Summary
Neel Kashkari, president of the Minneapolis branch of the Federal Reserve, said inflation remains too high despite recent interest rate increases. He noted that inflation is elevated across many parts of the economy, not just due to volatile energy and food prices.Key Facts
- Neel Kashkari leads the Minneapolis Federal Reserve branch.
- The Federal Reserve raised interest rates recently to combat inflation.
- Kashkari said inflation is still too high in all parts of the economy.
- Energy and food prices are volatile and affect inflation measures.
- Even without energy and food prices, inflation remains a concern.
- The Federal Reserve uses interest rates to try to control inflation.
- High inflation means prices for goods and services are rising faster than usual.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
