Federal Reserve Bank of Minneapolis President Neel Kashkari has reiterated concerns over persistent inflation, calling it "too high" following August data from the Bureau of Economic Analysis that showed annual price increases remained above the central bank’s 2 percent target. His remarks came during a Council of Foreign Relations event, where he emphasized ongoing economic challenges despite recent economic reports. The latest figures underscore the Federal Reserve’s continued focus on bringing inflation under control as policymakers weigh further monetary policy decisions. Kashkari’s comments reflect growing unease among officials about whether current measures are sufficient to stabilize prices.
Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday 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 of Foreign Relations event...
