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. Source