Neel Kashkari, Interview: Aspen Economic Strategy Group’s 2022 Annual Meeting (along with Larry Fink and Larry Summers)

“So, in June, in the summary of economic projections, where all the FOMC participants put in their own projections of interest rates for the next few years, I recommended being at 3.9%, by the end of this year, and 4.4%, by the end of the following year. I haven’t seen anything that changes that. And so that… There’s more data to come in, between now and September.”

“But, at least speaking for myself, we are a long way away from saying we’re anywhere close to declaring victory. We have to get back to 2%. We said we have a duty to get to 2%. My colleagues in the Federal Reserve and I are serious about it. We’re united in that commitment. And we’re going to do what we need to do to get inflation back down to 2%.”