US Federal Reserve official Neel Kashkari says inflation remains too high across all sectors of the economy

On Sunday, September 20, 2026, Federal Reserve Bank of Minneapolis President Neel Kashkari said inflation remains too high across all sectors of the US economy, not just in energy and food. He supported the Fed's recent quarter-point rate hike to 3.75%-4%. His comments echoed Chairman Kevin Warsh's concerns. On Monday, Chicago Fed President Austan Goolsbee said the Fed may need to cause economic pain, including higher unemployment, to bring inflation down, contradicting Warsh's view that labor markets won't be harmed.