- Inflation is very high and the Fed 's job is to bring it down to 2%
- We would like to avoid recession but getting inflation down is top job
- Says he's open-minded on 25 bps vs 50 bps at next meeting but says signals in dot plot more important
- Kashkari is a voter at the March 22 meeting
- I lean to continue to push up my policy path versus December
- I don't overreact to one month of data
In early Feb, Kashkari said his dot was around 5.40% so this would be breaking the 5.5% peak. It's a hawkish comment and we're seeing some modest USD strength on it.