Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari argued on Thursday that it will probably take a year or two to get inflation back to 2%, per Reuters.

Key takeaways

"Wage growth might still be a bit too high to get back to 2% right now." "US economy has proven to be remarkably resilient." "We are getting disinflation despite remarkable economic growth." "Some evidence of some softening around edges of the economy."