Kashkari: May Need to Raise Rates in Some Scenarios, Open to Concerns Expressed by Warsh

Odaily Planet Daily News Fed's Kashkari stated that an open mind is needed regarding the future of interest rate policy; the longer the war lasts, the greater the inflationary pressure. In some scenarios, the Fed may need to raise interest rates, and even if the war ends completely now, it will take months for the supply chain to recover. He is very worried about the downside risks brought by the war. The challenge facing the Fed is the uncertainty about the path of inflation. He looks forward to cooperation after Warsh's nomination is confirmed and is open to some of the concerns expressed by Warsh. (Jinshi)