US inflation to get even worse, Fed banker predicts

A Federal Reserve

A Federal Reserve official has warned that inflation is only bound to get worse for Americans, at least for the next few months, before it “likely” begins to “taper off.”

“The math suggests we’re probably going to see somewhat higher readings over the next few months before they likely start to taper off,” Minneapolis Federal Reserve Chairman Neel Kashkari told ‘Face the Nation’ on Sunday.

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