Personal Finance
Inflation Stays High, Fed Official Says
A Federal Reserve leader believes inflation remains high, even with new data showing some improvement.
Inflation is still too high. That is what Neel Kashkari says. He is a top leader at the Federal Reserve. New numbers show prices are not rising as fast. Still, Mr. Kashkari sees a problem.
Mr. Kashkari spoke about this with CNBC. He said the job market looks strong. Many people have jobs. This is good for families. It helps people earn money and spend it.
But the Fed wants prices to be more stable. This means things should not get too expensive. The Fed works to control inflation. They hope prices will come down more. This helps everyone keep more of their money.
Source: CNBC
#Personal Finance#Inflation#Federal Reserve
