Fed's Kashkari Says Inflation Remains Elevated Despite Softer PCE Reading
Source Summary
Federal Reserve official Nils Kashkari stated that inflation remains too high even following softer-than-expected Personal Consumption Expenditures (PCE) data. Kashkari will discuss this assessment in an exclusive interview with CNBC's Steve Liesman on Wednesday night.
Why it matters
A senior Federal Reserve official's assessment of inflation persistence directly informs market expectations about future interest-rate decisions and monetary policy direction.
