Fed’s Kashkari: All understand Fed is serious about getting inflation back to 2%

In response to the market’s reaction to last week’s Jackson Hole, Minneapolis Federal Reserve Bank President Neel Kashkari said, on Monday, that people now understand how serious policymakers are about getting inflation back to 2%.

The dollar has touched a fresh 20-year high to start the week fueled by hawkish comments by Federal Reserve Chair Jerome Powell. DXY, which measures the greenback versus a basket of rival currencies, is back to 108.80m pulling back from the 109.48 high scored earlier.

Kashkari’s Comments

”Was not thrilled to see the stock market rally following our most recent federal open market committee meeting.”

”I am delighted by the market’s reaction to the Jackson Hole.”

”I know how serious we are about lowering inflation and I believe the markets were misinterpreting that at the last FOMC meeting.”