K.C. Fed Head Says Inflation Still To High

A Kansas City Federal Reserve leader says a tight labor market continues to fuel inflation. Kansas City Fed Executive Vice President Joseph Gruber says four factors play the largest role in pushing prices higher in the United States: energy costs, supply chain problems, workforce, and rental costs. Gruber says the lack of workers seems to be the biggest driver of inflation. . .

Gruber speculates that the September jobs report will weigh heavily as the Federal Reserve Board of Governors decides whether to increase interest rates as the Fed attempts to rein in inflation.

(From Missourinet)