Minneapolis Fed Pres. Kashkari: Inflation is too high

Fed Pres. Kashkari is speaking and says

Inflation is too high
A huge question mark about how long Strait of Hormuz will be closed, that will have a big effect on inflation.
Fed needs to get back to 2% inflation, should not move the goalposts.
Before the Iran conflict, had confidence that the inflation was heading back down to 2%.
Labor market moving sideways, lukewarm
Iran shop has upended inflation environment
Labor market looks like it's hanging in there
Not sure if it's policy rate decisions will have much effect on mortgage rates.

This article was written by Greg Michalowski at investinglive.com.

Posted by 管理者