Kashkari noted that other parts of the economy, such as the housing sector, are experiencing declining inflation, resulting in average inflation "going sideways."
Minneapolis Fed President Neel Kashkari warned on Thursday that tariffs are driving up goods inflation, complicating the central bank’s path back to its 2% target.
Speaking at a fireside chat at Minnesota Women’s Economic Roundtable, Kashkari said inflation remains “too high,” even as the labor market shows signs of cooling and the broader economy trends toward a soft landing. “We need to watch this before we come to any firm conclusions,” he noted, highlighting the risk that trade policy could add fresh price pressures.
Kashkari noted that other parts of the economy, such as the housing sector, are experiencing declining inflation. “This is happening as we expected. It doesn’t mean home prices are falling. This doesn’t mean rents are falling. It means the growth of rents and growth of home prices are slowing down,” he said. As a result, Kashakri said that average inflation is "going sideways.”
Get updates to this developing story <directly on Stocktwits.<
Read also: ABTC Stock Makes Nasdaq Debut, Trading Halted After Early Swing
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
-
Zomato, Swiggy Face ₹180-200 Crore GST Burden, Plan to Offset Cost By Paying Less To Delivery Workers
-
Google Rolls Out Android 16’s Material 3 Expressive Design to Older Pixel Devices:Here's Who Gets It
-
Uttar Pradesh To Launch ‘One Tree In The Name Of Teacher’ Plantation Drive On Teachers’ Day 2025
-
The Villain Rishabh Sawhney From Fighter Is Back With His Next Project, Echoes Of Valour - Exclusive
-
Kyunki Saas Bhi Kabhi Bahu Thi 2 September 4 Written Update: Noina Breaks Down After Realising Mihir Doesn't Love Her
