Fed's Kashkari says labor market looking better, inflation worse
Minneapolis Federal Reserve President Neel Kashkari said on Wednesday that the U.S. labor market looks "a bit better" than it did earlier this year, while the Iran war has worsened inflation that already was running too high, views that underscore his preference for leaving the Fed's door open to possible rate hikes.
"It's our job to get inflation back down," Kashkari said at a St. Paul Area Chamber event in St. Paul, Minnesota.
(Reporting by Ann Saphir; Editing by Nia Williams)
Copyright Reuters or USA Today Network via Reuters Connect.
This story was originally published May 13, 2026 at 10:45 AM.