The Fed's Preferred Inflation Gauge Was Cooler Than Expected. But One Of Its Member Warned It's Still To High.

Source: International Business Times

Minneapolis Federal Reserve President Neel Kashkari said inflation concerns remain even though the latest figure was much cooler than expected. Reuters Minneapolis Federal Reserve President Neel Kashkari said inflation concerns remain even though the latest figure for the central bank's preferred gauge was much cooler than expected. Speaking at a Council on Foreign Relations event in New York, Kashkari said that "there are many different measures of inflation, but it's running at around a 3% rate.