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Kashkari backs 0.25-point rate hike as inflation stays high

By Drooid · Sep 20, 2026, 10:05 PM UTC · How we work

Summary

Story summary

Fed President Neel Kashkari said inflation remains high in the economy.
Kashkari supported the Fed’s decision to raise the federal funds rate by 0.25 point to 3.75-4.00%.
Fed Chair Kevin Warsh estimated core inflation was 3.6% in August.
Rate-future markets give a 2-in-3 chance the policy rate ends 2026 between 4.00% and 4.25%.
Kashkari said Iran tanker attacks and a Saudi pipeline shutdown raise oil prices that rates cannot fix.

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Story summary

Fed President Neel Kashkari said inflation remains high in the economy.
Kashkari supported the Fed’s decision to raise the federal funds rate by 0.25 point to 3.75-4.00%.
Fed Chair Kevin Warsh estimated core inflation was 3.6% in August.
Rate-future markets give a 2-in-3 chance the policy rate ends 2026 between 4.00% and 4.25%.
Kashkari said Iran tanker attacks and a Saudi pipeline shutdown raise oil prices that rates cannot fix.