Fed's Kashkari Says Dissent Aimed to Protest, Influence

The transcript discusses the Federal Reserve's approach to inflation and interest rates, emphasizing the importance of data dependency and the dual mandate of stable prices and maximum employment. It critiques past inflation forecasts, suggesting the Fed has treated the 2% inflation target as a ceiling. The speaker advocates for disciplined data selection and patience in rate adjustments, highlighting the need to manage inflation expectations without rushing to raise rates.

How does the speaker suggest the Federal Reserve should react to inflation data?

What is the speaker's perspective on raising interest rates in relation to the job market?