Fed's Kashkari: Inflation remains elevated across all economic sectors

In a moment that reveals how long the road back to price stability can be, Federal Reserve Bank of Minneapolis President Neel Kashkari told Fox News that inflation remains elevated not in pockets or corners of the American economy, but across its entire breadth. His words carry the weight of an institution that has already acted forcefully — raising interest rates aggressively — yet finds itself still contending with a problem that refuses to yield. It is a reminder that economic forces, once set in motion, do not bend easily to the will of policy, and that the cost of restoring balance is bor