Federal Reserve member Kashkari: We have not overcome high inflation yet.

During his speech on Monday, Minneapolis Federal Reserve member Neel Kashkari emphasized that the U.S. economy remains remarkably strong as the Federal Reserve advances in its battle against inflation.

Moreover, Kashkari's key statements included:

• The economy remains remarkably strong, but high inflation has not been completely eliminated.
• The Federal Reserve wants to be confident that inflation will return to 2%.
• We need to see more evidence before deciding on another interest rate cut.
• If companies lose more employees due to layoffs, it could slow corporate performance.
• It will be up to the business community and Congress on how to adapt to layoffs; there is still a significant degree of uncertainty about what the policy will be.
• The U.S. Federal Reserve will have to wait to see what will be decided regarding immigration.
• At some point, debt and the federal deficit will need to be addressed.
• Tariffs may lead to increases in the prices of goods but will not create sustained inflation unless other countries respond.
• Businesses and workers express cautious optimism about the economy.
• Officials at the U.S. Federal Reserve are not concerned about the political impact on the central bank but are focused on the set objectives.