Fed’s Kashkari says inflation ‘still too high’ despite lower PCE data than expected

Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday inflation remains "too high," after the Bureau of Economic Analysis released data showing annual inflation remained above the central bank's 2 percent target in August. Kashkari spoke at a Council of Foreign Relations event, noting the lower-than-expected PCE data but stressing the need for further progress.