Feds Kashkari: Fed fight against inflation must succeed

Minneapolis Fed Pres. Kashkari is speaking and says:

• If high inflation persists, that may need to raise rates further.
• Fight against inflation must succeed.
• Higher rates could increase pressure on banks.
• Bank supervisors should ensure all banks are prepared to withstand higher rate environment.
• Supervisors could run high-inflation stress test to identify at risk banks and force fixes.