Fed Reserve Neel Kashkari on Inflation and Job Market

Fed's Kashkari says inflation fight takes priority as labor market is 'in decent shape'

Minneapolis Federal Reserve President Neel Kashkari emphasized that combating inflation remains the Fed's top priority, warning that consumer prices are "much too high" despite the labor market being in decent shape. Speaking at the Bank of Japan-IMES Conference, Kashkari highlighted the risk of unanchored inflation expectations and cited energy and fertilizer costs as key inflationary drivers.