Fed's Kashkari reportedly says inflation is still too high across the U.S. economy

Minneapolis Federal Reserve President Neel Kashkari said Sunday that inflation is too high across all sectors of the US economy, not just from rising oil prices. "So even if we strip out energy, ​which is really ​volatile, and strip out food — ​they matter a lot — but in terms of where the economy is going, inflation is still too high," Kashkari told Fox News' "Sunday Morning Futures." Kashkari supported the unanimous ⁠vote ‌last week to raise interest rates by a ⁠quarter percentage point to 3.75%-4.00%. He was one of three officials who dissented at the Fed's prior meeting in favor of a hike when the majority of the Federal Open Market Committee opted to leave rates unchanged.