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Federal Reserve's Kashkari: Currently, inflation is too high and needs to be brought back to 2%

2026-05-13 23:04:30

Golden Finance reports that on May 14th, Federal Reserve's Kashkari stated that inflation is currently too high and the inflation rate needs to be brought back to 2%, and the target should not be changed; the timing of the closure of the Strait of Hormuz remains a huge question mark, which will have a significant impact on inflation; even if the Strait of Hormuz reopens, it will take several months for the supply chain to return to normal.

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