Kashkari's statement is quite hawkish; he emphasizes inflation risk over employment but doesn't provide a timeline, typical of data-dependent policymakers.

Kashkari stated that the Federal Reserve needs to focus on the accumulated inflation risks, which are currently insufficient to predict the timing of the next rate hike; the Middle East war could continue to bring inflation shocks, and the bond market is also reflecting this concern. Compared to the deterioration of the labor market, inflation risks are greater, but both should still be monitored simultaneously. He supported maintaining interest rates in April, opposed continuing to retain dovish forward guidance, and advocated for a neutral stance, with future rates depending on data, emphasizing that it is not yet time to predict the next move.