KASHKARI: A LARGE ENOUGH PRICE SHOCK COULD PUT INFLATION EXPECTATIONS AT RISK, POTENTIALLY REQUIRING A SERIES OF RATE INCREASES FOR THE FED TO KEEP CREDIBILITY IN DEFENDING ITS 2% INFLATION TARGET

2026-05-01

KASHKARI: A LARGE ENOUGH PRICE SHOCK COULD PUT INFLATION EXPECTATIONS AT RISK, POTENTIALLY REQUIRING A SERIES OF RATE INCREASES FOR THE FED TO KEEP CREDIBILITY IN DEFENDING ITS 2% INFLATION TARGET