More from Fed’s Kashkari:
- It was not the labor market that caused inflation
- Very few transactions happened on crypto, unless it’s drugs or illegal activity
- Iimmigration policy will affect our reading of the labor market
- Tariffs shouldn’t be themselves leading to ongoing inflation probably a one-time change in price level
I assume he puts the blame on the supply chain, the increasing fiscal policy and maybe even Fed overly stimulus policy – although he does not say what the cause(s) are.
This article was written by Greg Michalowski at www.forexlive.com. Source