Minneapolis Fed Pres. Kashkari is speaking and says:
- If high inflation persists, that may need to raise rates further.
- Fight against inflation must succeed.
- Higher rates could increase pressure on banks.
- Bank supervisors should ensure all banks are prepared to withstand higher rate environment.
- Supervisors could run high-inflation stress test to identify at risk banks and force fixes.
This article was written by Greg Michalowski at www.forexlive.com. Source