Fed president warns inflation 'higher than we expect,' spreading nationwide

Fed president warns inflation 'higher than we expect,' spreading nationwide

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The Facts Inside Our Reporter’s Notebook The president of the Federal Reserve Bank of Minneapolis warns that the current rate of inflation is “very concerning” and “higher than we expect” and is spreading across the country.
Fed branch President Neel Kashkari told CBS News’ “Face The Nation” that inflation “is very concerning. We keep getting inflation readings, new data that comes in as recently as this past week, and we keep getting surprised.
“It’s higher than we expect. And it’s not just a few categories. It’s spreading out more broadly across the economy and that’s why the Federal Reserve is...
Source: https://justthenews.com/nation/states/center-square/fed-president-warns-inflation-higher-we-expect-spreading-nationwide?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators