17:57
Fed Kashkari: Inflation is still too high, but the labor market is showing signs of cooling.
BlockBeats news, on September 4, Fed's Kashkari stated that the Fed has not yet completed its work to bring inflation back to 2%. Inflation remains too high, but the labor market is showing signs of cooling. The Fed is caught in a tricky situation related to its responsibilities. Data indicates that the economy is slowing down and moving toward a soft landing. Tariffs have led to rising goods inflation. The Fed is heavily reliant on economic data released by the government. (Jin10)
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