October 14, 2024 at 10:32PM
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.