Fed's Kashkari: Inflation is progressing lower, labor market remains strong

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari assuaged markets late Monday, reaffirming the Fed's data-dependent stance and reiterating common Fed policymaker talking points about the health of the US economy, including ongoing easing of inflationary pressures and a still-healthy labor market despite a near-term upswing in the overall unemployment rate...

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