Fed's Kashkari: Inflation Still Too High Across U.S. Economy — SkimNews
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- Neel Kashkari said inflation is still too high and has reached all corners of the U.S. economy, per CNBC and Bloomberg headlines
- Kashkari specifically warned that inflation pressure has spread beyond the oil shock, a Seeking Alpha headline highlights, signaling broader-based price increases rather than energy-driven ones
Why it matters: Kashkari's framing that inflation has broadened past the oil shock matters because it undercuts the 'transitory' or energy-only narrative and gives a known Fed hawk ammunition to argue for holding rates higher for longer.
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