Fed's Kashkari Says I Dissented Against FOMC’s Policy Action This Week Because I Preferred To Raise Target Range For The Federal Funds Rate By 0.25%; Series Of Supply Shocks Have Been Responsible In Part For Inflation; More Recently Data Center Investments Have Added New Demand Element To Inflation; Increasingly Believe Monetary Policy Has Role To Play In Addressing Successive Supply Shocks That Might Lead To Entrenched Inflation; Monetary Policy Can Look Through Individual Supply Shocks
https://www.minneapolisfed.org/article/2026/statement-on-my-fomc-dissent
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Why It Matters
A Federal Reserve leader disagreed with this week's decision and wanted interest rates raised more than the group decided. He thinks supply problems and new tech investments are pushing prices up, so the Fed might need stronger tools to fight inflation.
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