Minneapolis Federal Reserve President Neel Kashkari said Monday that inflation was slowly falling in the United States, but there was a risk that the unemployment rate could skyrocket.
“I think the risk of inflation is persistent, that these effects of tariffs take several years to dissipate through the system, while I think there is a risk that the unemployment rate will skyrocket from here on,” Kashkari said in an interview with CNBC.
About The Author
