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6/25, 4:53 PM (Source: TeleTrader)
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Fed's Kashkari sees 'very, very strong' recovery in US

Minneapolis Federal Reserve President Neel Kashkari (pictured) expressed optimism regarding the United States' economic recovery on Friday but noted that the country still remains in a "deep hole."

Further, he said that "very high" inflation can be expected, albeit it should only be temporary before it returns "back to normal."

"I believe millions of Americans on the sidelines of the labor market will return," Kashkari added, asserting that "maximum employment at a minimum means returning to the pre-COVID level of employment."

Breaking the News / MD