Economic news

Fed’s Kashkari: I’m less confident on when supply chains will ease

2022.05.09 15:56

Fed's Kashkari: I'm less confident on when supply chains will ease
FILE PHOTO: President of the Federal Reserve Bank of Minneapolis Neel Kashkari speaks during an interview in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton

(Reuters) – Minneapolis Fed President Neel Kashkari said on Monday that supply chain issues that have helped keep U.S. inflation high are not ebbing as fast as he thought and expressed less confidence on when they will begin to ease.

“I’m confident we are going to get inflation back down to our 2% target, but I am not yet confident on how much of that burden we’re gonna have to carry versus getting help from the supply side,” Kashkari said in an interview with CNBC.

“Virtually all of that news is in the wrong direction,” he said, citing the war in Ukraine and COVID lockdowns in China.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,753.19 0.07%
ethereum
Ethereum (ETH) $ 3,360.71 1.01%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 253.17 0.60%
bnb
BNB (BNB) $ 660.07 1.16%
xrp
XRP (XRP) $ 1.43 2.72%
dogecoin
Dogecoin (DOGE) $ 0.428443 0.52%
usd-coin
USDC (USDC) $ 0.999708 0.01%
cardano
Cardano (ADA) $ 1.02 4.13%
staked-ether
Lido Staked Ether (STETH) $ 3,362.87 0.80%
tron
TRON (TRX) $ 0.208957 1.40%
avalanche-2
Avalanche (AVAX) $ 41.99 1.13%
stellar
Stellar (XLM) $ 0.529766 3.08%
the-open-network
Toncoin (TON) $ 6.14 3.13%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 1.03%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,955.70 1.89%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,432.10 0.04%
polkadot
Polkadot (DOT) $ 8.81 3.83%
chainlink
Chainlink (LINK) $ 18.00 3.53%
bitcoin-cash
Bitcoin Cash (BCH) $ 513.62 0.91%
weth
WETH (WETH) $ 3,357.79 1.23%
sui
Sui (SUI) $ 3.40 1.52%
pepe
Pepe (PEPE) $ 0.00002 1.70%
near
NEAR Protocol (NEAR) $ 6.90 11.38%
leo-token
LEO Token (LEO) $ 8.55 0.82%
litecoin
Litecoin (LTC) $ 96.91 2.50%
aptos
Aptos (APT) $ 12.43 2.56%
uniswap
Uniswap (UNI) $ 10.89 1.51%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,537.11 1.24%
hedera-hashgraph
Hedera (HBAR) $ 0.146875 4.91%
internet-computer
Internet Computer (ICP) $ 11.65 2.38%
usds
USDS (USDS) $ 0.998207 0.13%
crypto-com-chain
Cronos (CRO) $ 0.191518 6.49%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.571448 0.60%
ethereum-classic
Ethereum Classic (ETC) $ 28.76 2.77%
render-token
Render (RENDER) $ 8.00 4.38%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.52 6.91%
bittensor
Bittensor (TAO) $ 524.97 0.77%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
kaspa
Kaspa (KAS) $ 0.152821 0.23%
bonk
Bonk (BONK) $ 0.000048 0.08%
vechain
VeChain (VET) $ 0.044112 4.54%
arbitrum
Arbitrum (ARB) $ 0.861306 0.53%
whitebit
WhiteBIT Coin (WBT) $ 24.32 1.70%
dai
Dai (DAI) $ 0.999877 0.03%
filecoin
Filecoin (FIL) $ 5.71 5.64%
cosmos
Cosmos Hub (ATOM) $ 8.74 6.16%
celestia
Celestia (TIA) $ 7.91 10.38%
mantra-dao
MANTRA (OM) $ 3.63 0.95%
okb
OKB (OKB) $ 53.86 5.27%