More from Fed’s Kashkari:
It was not the labor market that caused inflationVery few transactions happened on crypto, unless it’s drugs or illegal activityIimmigration policy will affect our reading of the labor market Tariffs shouldn’t be themselves leading to ongoing inflation probably a one-time change in price levelDefinitely want to avoid a recesion.Saw signs of labor market weakness which is why cut 50 bpsGoing forward, we will look at all the data to decide on rate policy.
I assume he puts the blame on the supply chain, the increasing fiscal policy and maybe even Fed overly stimulus policy – although he does not say what the cause(s) are.
This article was written by Greg Michalowski at www.forexlive.com.
