Federal Reserve Bank of Minneapolis President Neel Kashkari celebrated the recent pullback in inflation, though he noted the central bank has not yet reached its goal.
“We’re not all the way there yet, but we’ve made a lot of progress on inflation,” Kashkari said Tuesday at an event in Mankato, Minnesota. “If we just think we’re going to continue what we’ve been experiencing, we’re on track to get back to our 2% target,” he said, pointing to three- and six-month inflation measures as “basically” at 2%.
Source: Bloomberg
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