Fed's Kashkari: 'Happy' to See How Powell's Speech Was Received

The speaker emphasizes the Federal Open Market Committee's commitment to reducing inflation to 2%. They express satisfaction with the market's understanding of this commitment following Chair Powell's Jackson Hole speech. The speaker warns against the mistake of cutting interest rates prematurely due to economic weakening signs and advocates for a steady approach until inflation is fully controlled.

What was the reaction to Chair Powell's Jackson Hole speech according to the speaker?

What approach does the speaker suggest for dealing with inflation?