Feds Kashkari: Fed fight against inflation must succeed

<p>Minneapolis Fed Pres. Kashkari is speaking and says:</p><ul><li>If high inflation persists, that may need to raise rates further.</li><li>Fight against inflation must succeed.</li><li>Higher rates could increase pressure on banks.</li><li>Bank supervisors should ensure all banks are prepared to withstand higher rate environment.</li><li>Supervisors could run high-inflation stress test to identify at risk banks and force fixes.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.