Fed’s Kashkari Says He Doesn’t Know How High Rates Need to Go

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, expressed uncertainty about the necessary interest rate levels to control inflation, noting that after years of supply disruptions, it's the Fed's duty to address these economic challenges. His comments highlight the ongoing complexity and unpredictability in managing inflation, which could have implications for consumer borrowing costs and economic growth. This uncertainty underscores the delicate balance the Fed must maintain in its monetary policy strategy.