Fed’s Kashkari: If we can get more help from the supply side, don’t need to do as much

• Without help from supply side, Fed needs to do more
• Inflation is much too high
• We are getting a lot of mixed signals
• Ther eis some evidence job market is slowing down
• Until I see some compelling evidence that core inflation has at least peaked, not ready to declare a pause in rates
• Fed needs to be aware of feedback to the US economy from the strong dollar and other global feedback loops

Kashkari is a voter next year and that could be interesting. At the moment though, he’s put his dovish leanings to bed.