[Federal Reserve's Kashkari: Inflationary Pressures Have Spread Across All Sectors of the U.S. Economy] Jin10 Data, September 20 – Minneapolis Federal Reserve President Neel Kashkari stated that inflation in the United States remains excessively high, with pressures surpassing the oil price shocks caused by the Iran war and spreading across multiple sectors of the economy. The inflation felt by Americans daily is far more than just an issue of oil prices; it exists in all aspects of the economy. Kashkari expressed that the Federal Reserve is increasingly concerned that inflation is not solely concentrated in areas affected by Middle Eastern conflicts or tariffs, as signs of inflation have also emerged in the service sector. He emphasized that the Federal Reserve's responsibility is to bring inflation back to its target level and that it possesses the tools to achieve this goal. Previously, Kashkari was one of three dissenters in July's decision to keep interest rates unchanged, as he leaned toward raising rates and warned that waiting too long could lead to entrenched inflation, ultimately requiring more aggressive measures. Kashkari believes that despite facing geopolitical conflicts and trade issues, the U.S. economy has demonstrated considerable resilience, with the labor market remaining robust. He hopes that as the impact of certain conflicts gradually fades, economic growth can take over as the driving force, accelerating the cooling of inflation and thereby reducing pressure on Federal Reserve policies.