Neel Kashkari: Uncertainty around oil shock means Fed should acknowledge risk of rate hikes
- Posted on May 1, 2026
- By Business News Today
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Neel Kashkari: Uncertainty around oil shock means Fed should acknowledge risk of rate hikes
The U.S.-backed war with Iran could change the inflation outlook enough to force the Federal Reserve into "potentially a series" of rate hikes to defend the central bank's 2% inflation target, Minneapolis Fed president Neel Kashkari said in explaining his dissent at this week's Fed meeting.
