Fed chief Kashkari warns inflation fight is not over and Iran risks could keep rates high

Published on 13 May 2026

Iran conflict is adding fuel to inflation pressure

Minneapolis Fed President Neel Kashkari said the Fed is “dead serious” about bringing inflation down, while offering a cautiously positive view of the US labor market. He pointed to the Iran conflict as a major source of inflationary pressure, meaning additional interest rate increases could still be on the table.

Kashkari said the Fed remains firmly focused on lowering inflation
He described the labor market outlook as cautiously positive
Iran conflict is flagged as a key driver of inflation pressure
Further rate hikes remain a real possibility

#fed #inflation #interest rates #geopolitics #us economy

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Fed chief Kashkari warns inflation fight is not over and Iran risks could keep rates high

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