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Minneapolis Fed President Neel Kashkari Assesses Inflation
Minneapolis Fed President Neel Kashkari's comments on inflation and recession... Fed President Neel Kashkari stated that Fed...
Yazar: James Gordon
Yayınlanma: 11 Temmuz 2022 04:03
Güncellenme: 7 Kasım 2024 18:26
Minneapolis Fed President Neel Kashkari Assesses Inflation
Minneapolis Fed President Neel Kashkari's comments on inflation and recession... Fed President Neel Kashkari stated that Fed members are united in reducing record high inflation. The Fed chairman added that the issue of whether this will cause a recession is beyond their control.
Minneapolis Fed President Neel Kashkari underlined that Fed officials are determined to reduce record high inflation to the 2 percent target. "We know we have to and will bring inflation down," Kashkari said in Montana. Stating that he could not predict whether the economy would enter a recession after the Fed's harsh rate hike decisions, Kashkari said, "Whether this situation will lead to a recession will depend on whether we will be supported by the supply side." In his speech on Friday, New York Fed President John Williams also underlined that it is "very important" to bring inflation down to the bank's 2 percent target. But he added that this path could be challenging. Williams emphasized that high inflation is harmful and noted that price stability is the foundation of a strong economy.İLGİLİ HABERLER
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