Neel Kashkari: Economy Stable, Inflation Reduced

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Transcript: Neel Kashkari on "Face the Nation with Margaret Brennan," Nov. 10, 2024

Summary

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Minneapolis Federal Reserve President Neel Kashkari : "We need to finish the job, but so far so good. We have to wait and see what the rest of the government decides to do before we analyze what it means for the economy going forward" "We want to have confidence that inflation is going to go all the way back down to our 2% target," he says. "Our goals are 2% inflation and a strong labor market".

Goldman Sachs analysts estimate every 5% increase in the tariff rate would reduce corporate earnings per share by one to two percent because it would pull back consumer spending, possibly trigger retaliatory tariffs and increased uncertainty.

Neel Kashkari: The Fed is committed to the dual mandate goals of 2% inflation and maximum employment that Congress has assigned us.

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informal

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English

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