The president of the Federal Reserve (Fed) of Minneapolis, neel kashkarihas made a barrage of comments on the central bank’s inflation outlook in his appearance prior to the release of Thursday’s Consumer Price Index (CPI) data in the United States.
Featured Statements
Inflation is not driven by wages.
current inflation caused by supply chain challenges, stimulus, and Russia’s invasion of Ukraine.
Wages are trying to catch up with inflation, not driving it.
Our traditional models for analyzing the economy are not working very well right now.
The potential of our economy is lower today due to the pandemic.
The Fed’s job is to reduce demand to balance the level of supply..
We will do what is necessary to bring inflation back down.
Once we do, I expect interest rates to normalize.
We are going to get inflation back down.
If we get more help on the supply side, that increases the likelihood of a soft landing..
We will do everything we can to achieve a soft landing while bringing inflation down, although it is not entirely up to the Fed.
I wish we had started tightening monetary policy sooner.
Even if we had started tightening earlier, we would still have high inflation.
Some things are out of our control about inflation.
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
