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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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Fed Kashkari: Inflation is still too high, but the labor market is showing signs of cooling.
BlockBeats news, on September 4th, Fed's Kashkari stated that the Fed has not yet completed the work of bringing inflation back to 2%. Inflation remains too high, but the labor market is showing signs of cooling. The Fed is caught in a tricky situation related to its responsibilities. Data suggests that the economy is slowing down and moving towards a soft landing. Tariffs have caused goods inflation to rise. The Fed is heavily reliant on economic data released by the government. (Jin10)