Fed's Kashkari (2026 voter) says inflation is still too high and is around 3% rate, while new data didn't change that story

Says: Economy has stayed resilient despite recent shocks. Consumers continue to spend and people that want work have jobs. The longer the economy remains strong, the more he questions how restrictive monetary policy is. Neutral rate could be higher than previously assumed. Uncertain where the neutral rate currently sits. Neutral rate is probably elevated, at least for now. Shouldn’t blindly follow markets, but won’t ignore their signal. Penciled in one more hike this year and another next year. Skeptical of idea economy is not doing well outside of the AI sector. Hopes the Fed can bring inflation down with modest action. Fed must get inflation back to 2% given how long it's been above target. Rolling supply shocks risk driving up inflation expectations. Fed balance sheet is best used in near zero rate situation. Central bank must lower inflation pressures. Size of Fed balance sheet is a complicated question. It is totally reasonable to take another look at balance sheet strategy.