Jonathan Ernst
- Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday said the central bank cannot “stop short” in its ongoing effort to tame inflation.
- Speaking at the University of Montana, Kashkari noted that while the labor market is still not as “red hot” as it was a year ago, it is still tight.
- He added that inflation is at about 3% currently, and the Fed needs to get that figure down to 2%.
- In comments made earlier this month, Kashkari said that if inflation lingers, there could be no rate cuts in 2024.