Fed's Kashkari: Balance of risks has tilted toward higher unemployment

Joshua Gibson FXStreet

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari noted on Monday that the overall balance of risks has tilted slightly into labor headwinds, with progress on inflation continuing.

Key highlights

The balance of risks have shifted away from higher inflation towards maybe higher unemployment.

Overall the US economy is resilient.

The labor market still looks strong, we want to keep it that way.

I am not seeing signs of resurgent inflation.

Reduction in new rents inflation gives us confidence that housing inflation will come down over the next 12-24 months.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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