finance.yahoo.com/news/minneapolis-fed-president-march-rate-hikes-on-the-table-151734408.html
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, says March rate hike likely. "Barring something unforeseen in the economy, my expectation is that the committee will likely move in the March meeting," he says. "Where we go from there, we have to see based on the data," he adds.

Fed Chairman Jerome Powell said Wednesday that the members of the central bank’s policy-setting committee are “of a mind’ to raise rates in its March 16 meeting. Since the depths of the pandemic, the Fed held rates at near zero to stimulate borrowing.

core PCE Index showed prices rising by 4.85% on a year-over-year basis in December. Kashkari: "High inflation has lasted longer than I expected" He said he hopes by mid year we'll see some indication that supply chains are starting to unwind.

The Fed will stop buying U.S. Treasuries and agency mortgage-backed securities by mid-March. After the first interest rate increases, the Fed will then turn its attention to actively shrinking the asset holdings on its nearly $9 trillion balance sheet. Kashkari said he doesn't have a "strong view" on how fast the balance sheet should be rolled off.
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