Fed's Kashkari: Inflation is still too high

Eren Sengezer FXStreet

Minneapolis Federal Reserve President Neel Kashkari said noted on Tuesday that he is feeling good about the progress on inflation but added that it was still too high, per Reuters.

"The question is, have we done enough, or do we need to do more," Kashkari added said that they have been surprised by the economy's resilience.

Market reaction

These comments had little to no impact on the US Dollar's performance against its rivals. As of writing, the US Dollar Index was down 0.15% on the day at 103.00.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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