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Federal Reserve's Kashkari: Inflation Still Too High, But Labor Market Showing Signs of Cooling
BlockBeats News, September 4th: Federal Reserve's Kashkari stated that the Fed has not yet completed its work to bring inflation back to 2%. Inflation is still too high, but the labor market is showing signs of cooling. The Fed is facing a tricky situation related to its mandate.
Data indicates that the economy is slowing down and moving towards a soft landing. Tariffs have led to an increase in commodity inflation. The Fed heavily relies on government-published economic data. (Fx678 News)
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