Feds Kashkari: Fed fight against inflation must succeed

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