Fed's Kashkari: Job market not a source of inflation now
SPY•Minneapolis Fed President Neel Kashkari said the job market is not a primary source of inflation and that labor market pain is not necessary to lower inflation. He added that he would not rule it out, noting one side of the Fed’s mandate looks good while the other has missed its target for five years.
1. Labor market and inflation
Kashkari said the job market is not a primary driver of the inflation the Fed is seeking to lower, so labor market pain is not necessary to achieve that goal. He said he would not rule it out, adding that one side of the Fed’s mandate looks good while the other has missed its target for five years.
