Fed's Kashkari says the 2% inflation target should not be changed

Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term Bank of Minneapolis President Neel Kashkari reiterating what Harker said earlir during the Asian morning:

Harker said a lot more, of course:

• More again from Fed's Harker - have to be absolutely dedicated to getting to 2% inflation
• More from Fed's Harker - FOMC needs to be careful that we don't overdo it
• Fed's Harker says its disappointing that data shows disinflation is proceeding slowly

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We'll probably get more from Kashkari soon enough too.

Here we go, more:

• is less optimistic than the bond market on the pace of the fall in 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
• sees inflation at mid-3% by year-end 2023
• sees inflation closer to 2% in 2024
• on the jobless rate, says 3% is about as low an unemployment rate is ever going to get, circa 6% used to be considered full employment