Fed’s Kashkari says he would not panic if he saw a 4% inflation rate
By Vivian in Business
Updated 3 years ago
Minneapolis Fed President Neel Kashkari said Thursday he wouldn’t have a knee-jerk panic attack if inflation heats up to a 4% annual rate. “It would depend on why” inflation had hit 4%, Kashkari said in a discussion with Harvard University economist Greg Mankiw sponsored by the Economic Club of New York.