Fed’s Kashkari says inflation ‘still too high’ despite lower PCE data than expected

The Hill

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Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday inflation remains “too high,” after the the Bureau of Economic Analysis (BEA) released data showing that annual inflation remained above the central bank’s 2 percent target in August. “Inflation is still too high,” Kashkari told CNBC’s Steve Liesman at a Council of Foreign Relations event…