Fed’s Neel Kashkari confident inflation can come down, but not without some pain
Minneapolis Fed President Neel Kashkari said Monday he's confident inflation will come back to normal, though he added it will take longer than he expected.
Minneapolis Fed President Neel Kashkari said Monday he's confident inflation will come back to normal, though he added it will take longer than he expected.
Hiring in the manufacturing, transportation and health-care sectors helped the U.S. economy add more than 400,000 jobs in April.
Nonfarm payrolls grew by 428,000 for the month, a bit above the Dow Jones estimate of 400,000. The unemployment rate was 3.6%.
The level of workers who retired then came back a year later is running around 3.2%, just about where it was before the pandemic.
Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared.
Prices are rising as the Fed winds down a historic round of stimulus. This tightening cycle could slow jobs growth as global markets ride a...
Employment openings exceeded the level of available workers by 5.6 million in March while a record number of people quit their jobs.
The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession.
A measure that the Federal Reserve focuses on to gauge inflation rose at a robust pace in March.