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Fed’s highest priority is to get people back to work: Kashkari By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO — Neel Kashkari, Minneapolis Federal Reserve Bank president, poses for Reuters during a interview in the bank’s Minneapolis headquarters, Minnesota. January 10, 2020. REUTERS/ Ann Saphir/File Photo

(Reuters) – The Federal Reserve’s “highest priority” is to make sure millions of Americans now out of a job can get back to work, Minneapolis Federal Reserve Bank President Neel Kashkari said in a speech taped Friday and released Monday.

Kashkari stated that “Putting Americans Back to Work…To me, that’s our highest priority” at the Community Foundations Leading Change Fall Forum. He also said that the Fed would pay attention to inflation to keep it under control. The recent spikes in inflation are not indicative of permanent higher inflation. He stated that the Fed does not want to be too reactive to changes in prices.

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