"But it also means it's less likely that inflation is simply going to fall back down to 2% the way we need it to and so it's a little bit of a mixed signal." (Reporting by Lindsay Dunsmuir; Editing by Andrew Heavens)
Feb 7 (Reuters) - The strength of the U.S. labor market
makes it much less likely that the economy will fall into a
recession, Minneapolis Fed President Neel Kashkari said on
Tuesday.
"I'm not forecasting a recession. And here's the thing, the
job market is stronger than I expected, which means it's less
likely that we're going to be in a recession," Kashkari said in
an interview with broadcaster CNN.
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