Fed’s Kashkari: next nine months key for getting clarity on economic outlook

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FILE PHOTO: Minneapolis Federal Reserve Bank President Neil Kashkari poses during an interview with Businesshala at his office in Minneapolis, Minnesota, US, January 10, 2020. Businesshala / En Safir / File photo
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(Businesshala) – Minneapolis Federal Reserve Bank Chairman Neil Kashkari said on Tuesday he believes the forces currently keeping people out of the labor market and pushing up prices will prove to be temporary, And that will be changed by the COVID-19 pandemic. to be local

For example, with wage hikes, Kashkari said at the Eau Claire Area Chamber of Commerce event, “We are getting these mixed signals from the economy, but an estimated 5 million to 7 million fewer jobs could have been expected. No COVID- 19 Not a crisis.

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“I’m optimistic, in the next three, six, nine months we will get a lot more information,” and clarity about the outlook for both inflation and the labor market, he said.

Reporting by Ann Safir; Editing by Chris Reese

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