April 11, 2019 / 7:40 PM / in a month

Fed's Kashkari says some overshoot on inflation would not be alarming

April 11 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari said U.S. inflation rising a bit above the central bank’s target for several years should not be concerning given recent shortfalls.

“We officially have a symmetric target and actual inflation has averaged around 1.7%, below our 2% target, for the past several years,” Kashkari said on Twitter in response to questions. “So if we were at 2.3% for several years that shouldn’t be concerning.” (Reporting by Trevor Hunnicutt; editing by Diane Craft)

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