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Economic news

Fed’s Kashkari: Both political parties want inflation lower – Fox News

11/09/2024

Less than a minute

2024.11.09 10:54

© Reuters. FILE PHOTO: Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. REUTERS/David Swanson/File Photo

WASHINGTON (Reuters) – Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major U.S. political parties want inflation lower.

“I am not concerned about the dynamics in Washington,” Kashkari said in an interview on Fox News. “Both sides of the aisle want us to keep the economy strong and get inflation down.”

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11/09/2024

Less than a minute