Neel Kashkari, Interview: Q&A at YPO Twin Cities Event in Wayzata, Minnesota
Transcript not available (link to interview is provided below).
“So we had these two things going on at the same time, a lot of demand and a then restrained supply. That ends up showing up as high prices and so once we figure out, that we thought, that I thought that these high inflation readings were gonna be what we call transitory, go up and come back down as the supply side normalized. It has not happened nearly as quickly as I expected. The Federal Reserve said, ok we need to get into action. Our job is to get inflation in check. We are going to get inflation in check. So, we’ve been moving very aggressively to raise interest rates to try to bring that demand down and hopefully we get some help on the supply side so these two things come into balance.”