Jun 25 (.) – Minneapolis Federal Reserve Chairman Neel Kashkari said on Friday that he hopes the recent high-inflation readings won’t last and Americans return to the job market in droves by fall.
“We should see a lot more job openings in the fall,” the official said at a virtual event hosted by the Minnesota Council of Nonprofits and the Minnesota Council on Foundations.
Kashkari said he is generally a “huge skeptic” of employers complaining about the shortage of workers, saying a large part of it is due to a reluctance to raise wages.
(Reporting by Ann Saphir. Edited in Spanish by Janisse Huambachano)