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Fortune
Fortune
Paolo Confino

Fed official says the U.S. has the 'luxury' to play the waiting game with inflation thanks to the strong labor market

​​President of the Federal Reserve Bank of Minneapolis Neel Kashkari (Credit: John Lamparski)

Federal Reserve official Neel Kashkari yet again reiterated the Fed’s wait-and-see approach about possible rate cuts, which he has already called unlikely.  

On Tuesday, in an interview on CNBC, Kashkari, who serves as the ​​president of the Federal Reserve Bank of Minneapolis, said the Fed has an ace up its sleeve—a strong job market—as it holds off on making any rushed decisions about interest rates. 

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