Fed's Kashkari says labor market looking better, inflation worse

Kitco Media
By Reuters
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Reuters
Fed's Kashkari says labor market looking better, inflation worse teaser image

May 13 (Reuters) - Minneapolis Federal Reserve President Neel ​Kashkari said on ‌Wednesday that the U.S. labor market ​looks "a bit better" ​than it did earlier ⁠this year, ​while the Iran war ​has worsened inflation that already was running ​too high, views ​that underscore his preference ‌for ⁠leaving the Fed's door open to possible rate hikes.

"It's ​our ​job ⁠to get inflation back down," ​Kashkari said ​at ⁠a St. Paul Area Chamber event ⁠in ​St. Paul, ​Minnesota.

Reporting by Ann Saphir; ​Editing by Nia Williams

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