April 11 (Reuters) - Minneapolis Federal Reserve Bank
President Neel Kashkari on Tuesday said he believes inflation,
now at a rate of 5% by the Fed's preferred measure, will get to
"the mid threes" by the end of this year, and move down closer
to 2% next year.
"I'm less optimistic" than the bond market, Kashkari said in
a town hall at Montana State University, noting that financial
markets are pricing a faster decline in inflation than he
expects. Most Fed policymakers see inflation falling to
somewhere in the 3%-3.8% range by year-end, projections show,
with the median projection at 3.3%.
(Reporting by Ann Saphir; Editing by Christian Schmollinger)
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