Fed's Kashkari warns inflation has spread well beyond oil prices across the US economy

Minneapolis Federal Reserve President Neel Kashkari said in a Fox News interview on September 20 that inflation remains too high and has spread into all corners of the US economy, not just energy-related categories. His remarks underscore a persistent concern at the Fed that elevated price pressures are no longer confined to oil and its downstream effects but have taken root more broadly, complicating the path back to the central bank's 2 percent target.

Kashkari's comments arrive in a period when Fed officials have been signaling that more work is needed to bring inflation under control. His Fox News appearance reinforces a hawkish tone consistent with his earlier public statements calling for continued tightening, and the breadth-of-inflation framing suggests he does not see a near-term case for easing policy.