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Federal Reserve’s Kashkari: In some circumstances, interest rates may need to be raised; he is open to concerns raised by Walsh
Odaily Planet Daily News: Federal Reserve’s Kashkari stated that an open mind is needed regarding future interest rate policies; the longer the war lasts, the greater the inflationary pressure. In some cases, the Federal Reserve may need to raise interest rates even if the war is completely over now, as supply chain recovery could take several months. There is significant concern about the downside risks brought by the war, and the challenge for the Federal Reserve is the uncertainty of the inflation path. They look forward to cooperation after Wash’s nomination is confirmed and remain open to some of the concerns expressed by Wash. (Jin10)