Federal Reserve Bank of Minneapolis President Neel Kashkari made clear Wednesday that he will push for raising interest rates at least three more times — for a total of about a percentage point — as a voting member this year on the Fed's rate-setting committee.
In an essay published on the Minneapolis Fed's website, Kashkari also offered more thoughts on why he and other policymakers initially misread how high inflation would go and how long it would last.
While there's increasing evidence inflation may have peaked, Kashkari wrote that it's too soon to "definitely declare" it has done so.
