Fed Official Says Prices Remain Too High
A top Federal Reserve official believes prices are still too high, even with new data showing some improvement.
Neel Kashkari works at the Federal Reserve. He watches how the economy is doing. Recently, new numbers showed that prices did not go up as much as some people thought. This was good news for many.
But Kashkari says prices are still "too high." He knows people are feeling the pinch. He wants to see prices come down more steadily. The Federal Reserve's main goal is to keep prices stable.
Kashkari also sees good things happening in jobs. He thinks the job market is "pretty good." Many people are working, and that helps the economy stay strong.
What does this mean for you? The Federal Reserve will keep watching prices closely. They want to make sure your money buys what it should. They will act to help bring prices down further over time.
Source: CNBC
