Federal Reserve Bank of Minneapolis President Neel Kashkari said the top figures from the latest consumer price report confirm inflation is headed down toward the central bank’s 2% target. Kashkari, who spoke just minutes after the release of the October consumer price index,

Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that he is confident inflation is headed down, noting that data released minutes earlier 'confirms' that downward path.

The headline numbers from the October consumer price report show that "inflation is headed in the right direction," Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday. Speaking in an interview with Bloomberg Television,