Kashkari Says Inflation Remains Too High Despite Softer PCE, While Labor Market Stays Solid
Federal Reserve Bank of Minneapolis President Neel Kashkari said inflation remains โstill too highโ even after the latest personal consumption expenditures report came in softer than expected, underscoring that the Fed is not ready to declare victory. In an exclusive CNBC interview with Steve Liesman, Kashkari also described the U.S. labor market as โpretty good,โ a combination that points to a central bank still balancing disinflation progress against a resilient economy.
