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Minneapolis Fed President Neel Kashkari said U.S. inflation is still too high, with pressures having moved beyond the oil price shock caused by the Iran war and spread across multiple areas of the economy. Americans feel inflation every day, and it is far more than just an oil price issueit exists in every aspect of the economy. Kashkari said the Fed is increasingly worried that inflation is not only concentrated in areas affected by the Middle East conflict or tariffs, but that signs of inflation are also appearing in services. He said the Fed's job is to bring inflation back to target and that it has the tools to achieve that. Kashkari was previously one of three dissenters in the July decision to keep rates unchanged, when he favored a rate hike and warned that waiting too long could entrench inflation and ultimately require more aggressive measures. Kashkari believes the U.S. economy has shown strong resilience despite geopolitical conflict and trade issues, with the labor market remaining robust. He hopes that as some of the conflict's effects gradually fade, economic growth can take over as the driving force and the disinflation process can accelerate, thereby reducing pressure on Fed policy.