Fed’s Kashari says a lot of progress made on inflation, labor market is strong

Minneapolis Fed President Neel Kashkari again:

a lot of progress made on inflation, labor market is strongNot worth it to have the unemployment rate shoot higherDon’t think China is remotely competitive with usNot 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 SeptMore 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.