KASHKARI: Prolonged Iran war could trigger U.S. series of rate hikes; Fed Held Rates At Late‑April FOMC; Kashkari Opposed Dovish Wording In Statement; Next Move Could Be Hike Or Cut, Depends On Inf Trend And Strait Of Hormuz Reopening; Warns Long‑Run Inf Expectations Could Get Out Of Control; Says FOMC Likely To Respond Forcefully

2026-05-27

KASHKARI: Prolonged Iran war could trigger U.S. series of rate hikes; Fed Held Rates At Late‑April FOMC; Kashkari Opposed Dovish Wording In Statement; Next Move Could Be Hike Or Cut, Depends On Inf Trend And Strait Of Hormuz Reopening; Warns Long‑Run Inf Expectations Could Get Out Of Control; Says FOMC Likely To Respond Forcefully