Fed's Kashkari: lack of wage growth signals there is still job market slack

Federal Reserve Kashkari has been crossing the wires this US session.

Comments as follows:

  • Fed's Kashkari: Unanchored inflation expectations in past caused by lack of Fed independence.
  • Fed's Kashkari: Should allow tight labour market to 'continue to run' to get more workers back into work.
  • Fed's Kashkari: Wants to see wage growth build.
  • Fed’s Kashkari: Lack of wage growth signals there is still job market slack.

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