Federal Reserve Bank of Minneapolis President Neel Kashkari said the top figures from the latest consumer price report confirm inflation is headed down toward the central bank’s 2% target. Kashkari, who spoke just minutes after the release of the October consumer price index,

Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that he is confident inflation is headed down, noting that data released minutes earlier 'confirms' that downward path.

The Federal Reserve will wait and see how President-elect Donald Trump’s policies on tariffs and immigration are implemented before projecting their economic effects, according to Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis.