Kashkari Says Iran Conflict Has Amplified Inflation While Job Market Holds Steady
Minneapolis Federal Reserve President Neel Kashkari said the Iran war has intensified already-elevated inflation and warned that closure of the Strait of Hormuz adds a major unknown to price pressures. Speaking at a St. Paul Area Chamber event, Kashkari said the Fed must bring inflation back to its 2% target and described the labor market as ‘lukew…