Posted 2/22/2024, 1:04:25 PM
Kashkari: Inflation Progress Due More to Supply Gains Than Rate Hikes, But Economy Still Faces Uncertainty
- Kashkari explains why there's still economic uncertainty despite progress on inflation
- Supply chain improvements have lowered inflation more than rate hikes, surprising Fed
- Labor market has proven resilient, with workers returning despite uncertainties
- Fed wants more inflation data before considering rate cuts to avoid overexciting markets
- Businesses say hiring still tight, but improving compared to pandemic depths
