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Kashkari Warns U.S. Inflation Spreads Beyond Oil
Kashkari said U.S. inflation has spread beyond oil into services after the Fed's first rate hike since 2023, a unanimous quarter-point rise to 3.75%-4.00%.
Finance · 13 sources · Sep 21, 2026Read itThe journal
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About Neel Kashkari
Neel Tushar Kashkari is an American banker, economist, and politician who is the president of the Federal Reserve Bank of Minneapolis. As interim Assistant Secretary of the Treasury for Financial Stability from October 2008 to May 2009, he oversaw the Troubled Asset Relief Program (TARP) that was a major component of the U.S. government's response to the 2008 financial crisis. A Republican, he unsuccessfully ran for governor of California in the 2014 election.
Everything about Neel Kashkari →- Occupation
- politician, businessperson, investment banker, engineer
- Position held
- president, chief executive officer, Assistant Secretary of the Treasury for International Markets, Assistant Secretary of the Treasury for Financial Stability
- Citizenship
- United States
- Born
- July 30, 1973
- Website
- http://www.neelkashkari.com/, https://www.minneapolisfed.org/people/neel-kashkari