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PRESIDENT OF THE FEDERAL RESERVE BANK OF MINNEAPOLIS, NEEL KASHKARI

MARKET WATCH: Fed's Kashkari says he would not panic if he saw a 4% inflation rate

Minneapolis Fed President Neel Kashkari said Thursday he wouldn’t have a knee-jerk panic attack if inflation heats up to a 4% annual rate.

“It would depend on why” inflation had hit 4%, Kashkari said in a discussion with Harvard University economist Greg Mankiw sponsored by the Economic Club of New York.


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