• In remarks to a business event in Sioux Falls, South Dakota, Minneapolis Fed President Neel Kashkari said he was inclined “to push up my policy path” after a recent government report showed the Fed’s preferred inflation index accelerated in January to a 5.4% annual rate, more than double the Fed’s 2% target and slightly faster than the month before.
• Atlanta Fed President Raphael Bostic said in an essay released on Wednesday that he still feels a federal funds rate set in a range of from 5% to 5.25% would be adequate, an outlook he has maintained despite last week’s high inflation reading and an unexpectedly strong January jobs report.