Fed's Kashkari sees risk jobless rate could 'pop' higher - CNBC
ReutersJan 5, 2026 1:31 PM
Jan 5 (Reuters) - Minneapolis Federal Reserve President Neel Kashkari on Monday said inflation is slowly trending down, but there is a risk the jobless rate could "pop" higher.
"I think the inflation risk is one of persistence, that these tariff effects take multiple years to work their way through the system, whereas I do think there's a risk that the unemployment rate could pop from here," Kashkari said in an interview on CNBC.
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