Federal Reserve Bank of Minneapolis President Neel Kashkari speaking.
- Says inflation is very high
- it's the job of the Fed to address this
- half to two-thirds of high US inflation is driven by supply side shocks
- there is some evidence that supply chains are Beginning to normalise
- we need to get some help on the supply side to get inflation down
- the more help we get from the supply side, the less the Fed has to do and the better prospect of avoiding a hard landing
