Federal Reserve's Kashkari: The employment market is okay; fighting inflation remains the top priority

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Golden Finance reports that on May 28, Minneapolis Federal Reserve Bank President Neel Kashkari said Thursday that keeping US inflation low remains his top priority, and warned that current residents' price levels remain high. During an interview with CNBC at the Bank of Japan's Financial Research Institute meeting, Kashkari stated that the Federal Reserve will continue to adopt a balanced approach, implementing its two main policy goals of price stability and maximum employment. He pointed out that the US inflation rate has been above the Fed's 2% target for five consecutive years, and the overall employment market is currently performing well. He said, "My current focus is on inflation, not ignoring the employment market. Both indicators need attention, but right now, the employment situation is okay, while inflation levels are noticeably high." (Sina Finance)
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