Feb 8 (Reuters) - Minneapolis Federal Reserve Bank
President Neel Kashkari on Wednesday said financial market
participants are more confident than U.S. central bankers that
inflation will drop quickly down to 2%.
"I hope they are right," Kashkari said at the Boston
Economic Club. But the Fed's job, he said, is to make sure
inflation does fall, and to do so most of his colleagues believe
rates will need to go above 5%, and "certainly" possibly higher,
and then stay there for a long time.
(Reporting by Ann Saphir
Editing by Chris Reese)
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