Fed's Kashkari: Uncertainty remains on future rate hikes

Neel Kashkari, President of the Minneapolis Federal Reserve Bank, stated that he is not ready to declare that the central bank is finished raising interest rates, citing that inflation is still too high. While he sees positive signs of progress, Kashkari wants convincing evidence that inflation is well on its way back down to the central bank's 2% target before allowing rates to remain steady. He also cautions that cutting rates is a long way off, as core inflation is still around 4%, twice the target rate.