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Kashkari, Neel on 2018 April 16

It now seems much more likely that we are going to actually achieve our inflation target in the near future, which would be a good thing. And I do think that the fiscal packages have probably helped somewhat.

I think it’s likely that the fiscal actions that have been taken are going to on the margin help us achieve our inflation target. I was much more skeptical of whether we were on track to hitting 2% over the medium term. It now seems much more likely that we are going to actually achieve our inflation target in the near future, which would be a good thing. And I do think that the fiscal packages have probably helped somewhat. And so that’s why I think that that does lend support for, you know, the path that the SEP is forecasting. Kashkari, Neel

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