Minneapolis Fed Pres. Kashkari speaking:
- Inflation 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