Kashkali: Fed’s Job Is to Bring Inflation Back to 2% Target

Kashkari's framing keeps the focus on the Fed's target rather than on any single input like energy, which matters because it signals the inflation debate is still being conducted on the central bank's own terms. The remark lands as a reminder that rate expectations remain tethered to that target, not to softer data points. Whether this tone holds across other Fed voices is the open question worth watching.