Fed’s Kashkari: Low Inflation Provides ‘Luxury’ of Keeping Rates Low

Minneapolis (Reuters) – A senior Federal Reserve official indicated on Wednesday that low inflation enables the central bank to maintain U.S. interest rates at lower levels for an extended period, aimed at supporting the economy and job growth.

Minneapolis Fed President Neel Kashkari expressed, "If we can keep creating jobs while inflation is in check, let’s do that." During a gathering with community activists and members of the Black community in Minneapolis, he listened to concerns regarding low wages and high unemployment. Kashkari emphasized, "We can do our best to make the job market as strong as possible."