MNI BRIEF: Fed's Kashkari Says Inflation Is Still Too High

Federal Reserve Bank of Minneapolis President Neel Kashkari said Thursday inflation pressures are running above the central bank's target at about 3%. 

"We have inflation that's still too high, running at about 3%. Some sectors of the US economy look like they're doing great. Some sectors of the labor market look like they're under pressure," he said in welcoming remarks at the Minneapolis Fed’s Opportunity and Inclusive Growth Institute’s annual research conference. (See: MNI INTERVIEW: More Fed Cuts Risk Inflation Spike-Weinberg)