Federal Reserve official Kashkari told CNBC he remains open to future policy
options but does not favor large rate increases. He said most recent inflation
stems from supply shocks with some demand contribution and that his aim is to
lower inflation, not slow the economy. Kashkari said it is time to begin raising
rates gradually but opposed aggressive hikes, and stressed the value of
continuing to explain the Fed's policy reaction function to the public, warning
there is no 'magic' meeting count that dictates action.
