The Federal Reserve is 'dead serious' about getting inflation down, said Minneapolis Fed President Neel Kashkari on Wednesday.
The Federal Reserve is raising interest rates aggressively in order to make plain to American households and businesses that it is committed to bringing inflation down, Minneapolis Fed President Neel Kashkari said Wednesday,
While... The Federal Reserve is raising interest rates aggressively in order to make plain to American households and businesses that it is committed to bringing inflation down, Minneapolis Fed President Neel Kashkari said Wednesday, While many people ask him why the Fed is continuing to raise interest rates even though some of the most visible indicators of inflation like gasoline prices are coming down, Kashkari said his response is that “the stickier parts of inflation, wages, continue to go up, generally speaking.”“I think a much more likely scenario is we will raise to some level north of 4%, maybe 4.
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Fed's Mester says there's been no progress on inflation, so interest rates need to move higherThe Federal Reserve needed to be wary of wishful thinking about inflation that would lead the central bank to pause rate hikes or reverse course prematurely, Cleveland Fed President Loretta Mester said.
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Americans' inflation expectations dropped again in September, New York Fed saysThe New York Federal Reserve released a closely watched survey on Tuesday revealing that Americans' inflation expectations dropped in the short-term again.
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Jim Cramer says market rallies will have a ‘short shelf-life’ until the Fed beats inflationStocks fell on Monday ahead of the release of producer price index and consumer price index data later this week.
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Top Fed Official Says Corporate Price Hikes Are Fueling InflationWhile Federal Reserve Vice Chair Lael Brainard gave a nod to the role of corporate profiteering in fueling inflation, her core message—that monetary tightening is needed to tackle inflation—drew progressive pushback.
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