Minneapolis Fed

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Macro Economy & Fiscal Policy Just now (11:33 AM IST)

Fed Officials Split on Timing as Inflation Fight Continues

Federal Reserve Vice Chair Philip Jefferson said there is no immediate need for another interest rate move, stressing that policy decisions should remain data-dependent as officials assess inflation, growth and risk. Minneapolis Fed President Neel Kashkari, meanwhile, said the timing of any further hike is uncertain but left open the possibility of more tightening if the economy stays resilient and inflation remains above target.

By RDU Global Wire4 min read

Global Economy & Central BanksJust now (02:44 AM IST)

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 “still too high” 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 “pretty good,” a combination that points to a central bank still balancing disinflation progress against a resilient economy.

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Philip Jefferson(1)New Delhi(1)Neel Kashkari(1)Federal Reserve(1)