Fed’s Kashari says a lot of progress made on inflation, labor market is strong

Minneapolis Fed President Neel Kashkari again:

• a lot of progress made on inflation, labor market is strong
• Not worth it to have the unemployment rate shoot higher
• Don’t think China is remotely competitive with us
• Not at all worried the yuna could replace the US dollar as global reserve currency

Earlier:

• Fed’s Kashkari: Economy in final stages of getting inflation back to 2%
• More Kashkari: Neutral rate is likely higher now than where it was pre-pandemic

Waller also spoke Monday ICYMI:

• Fed’s Waller. Fed should proceed with more caution on rate cuts than was needed in Sept
• More from Waller: Right now a lot of recent high productivity growth is rebound from lows

The Fed’s two mandates are price stability and maximum employment

This article was written by Eamonn Sheridan at www.forexlive.com.