Fed’s Kashkari says can’t stop short on inflation fight, its around 3%, need to get to 2%

Federal Reserve Bank of Minneapolis President Neel Kashkari is speaking at the University of Montana

Kashkari says that oil prices are creeping higher

• the inflation rate is running atounf 3% and the Fed has to get back down to 2%
• says the bank cannot ‘stop short’ on the inflation fight
• says the labour market is not ‘red hot’ like it was 12 months ago but its still tight

More:

• says crypto is just a
  toy
• its not being used in
  daily lives;
• crypto is too volatile to be a store of value;
• not an inflation
  hedge

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