Feds Kashkari: Inflation has come down but is still above target

Minneapolis Fed Pres. Kashkari speaking:

• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is come down but it is still above target
• Wage growth has softened somewhat
• Bank turmoil can be a source of slowing for the economy
• Wage growth deceleration is mixed depending on income
• Housing is a key issue for hiring new workers from other regions
• Feds 2% inflation target is permanent for the near future.
• It's conceivable that once we get inflation down to 2% we could have a conversation about changing the target
• Fed is united in commitment to getting inflation to 2%

Kashkari is a speaking at a Marquette CEO town Hall event