Fed’s Kashkari: Inflation is still too high

Minneapolis Fed President Neel Kashkari stated that inflation remains too high during his remarks at an online forum hosted by the Wisconsin Bankers Association. He emphasized the overall economy's resilience while noting that the pass-through of tariffs has been lower than expected. This statement could be a significant factor in the Federal Reserve's consideration of future interest rate policies, particularly if inflation is not controlled, which could lead to further rate hikes. The markets are closely monitoring the implications of these remarks and the ongoing inflation concerns, even amidst resilient economic indicators.