Xinhua, Washington :
A senior U.S. Federal Reserve official said on Friday that the Fed should pause on interest rate hikes as inflation remains under control.
“If the U.S. economy is creating 200,000 jobs a month, month-after-month, we’re not at maximum employment,” Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told CNBC.
“We keep thinking we’re at maximum employment. And then wage growth is tepid. And the headline unemployment rate drops further. Inflation has been well under control,” Kashkari said, adding inflation expectations are also “so anchored”.
A senior U.S. Federal Reserve official said on Friday that the Fed should pause on interest rate hikes as inflation remains under control.
“If the U.S. economy is creating 200,000 jobs a month, month-after-month, we’re not at maximum employment,” Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told CNBC.
“We keep thinking we’re at maximum employment. And then wage growth is tepid. And the headline unemployment rate drops further. Inflation has been well under control,” Kashkari said, adding inflation expectations are also “so anchored”.
