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Transcript: Neel Kashkari on the Fed’s Commitment to Fighting Inflation

The Minneapolis Fed Chief doesn’t want the market doubting the FOMC’s resolve.

Jackson Lake in Grand Teton National Park in Moran, Wyoming, US, on Friday, Aug. 26, 2022. 

Jackson Lake in Grand Teton National Park in Moran, Wyoming, US, on Friday, Aug. 26, 2022. 

Photographer: David Paul Morris/Bloomberg

At Jackson Hole, Federal Reserve Chair Jerome Powell gave a hawkish speech intended to leave no ambiguity about the Fed's commitment to defeating inflation. But what does that mean in practice? How aggressively will the Fed have to hike? And how much pain will the economy endure as a result of it? On this episode of the podcast, we speak with Neel Kashkari, the President of the Minneapolis Fed. He explains his thinking and why he's become one of the most hawkish officials at the central bank. We also discuss the future of the Fed's decision making framework, the impact of student loan relief, the market and much more. Transcripts have been lightly edited for clarity.

Omny Studio: Neel Kashkari on the Fed's Commitment...