Minneapolis Federal Reserve Bank President Neel Kashkari noted Thursday that inflation has come down but is still above the Fed's target of 2%. Also, the official admitted that the wage growth has softened somewhat, but the job market remains strong and warned that the bank turmoil can be a source of slowing for the economy.
Kashkari also said that the Fed's rate-setters are united in their commitment to getting inflation to 2% - the target, which is permanent for the near future. According to him, once we get inflation down to 2%, policymakers could have a conversation about changing the target.