Minneapolis Fed President Neel Kashkari said that if supply shocks persist for five years, it becomes the central bank's responsibility to address them, suggesting a longer-term inflation risk that could require policy action.
Kashkari said if supply shocks last five years, it becomes the Fed's job.
He previously warned that rolling supply shocks may boost inflation expectations.
He also said a strong economy raises doubts about policy tightness.
Minneapolis Fed President Neel Kashkari stated that if supply shocks persist for five years, it becomes the Federal Reserve's responsibility to address them.
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