Fed's Kashkari: Doesn't think the interest rate hike cycle is over, prefers to tighten monetary policy

Fed's Kashkari doesn't think rate hike cycle is over. Kashkari said in an interview that he would rather tighten monetary policy too much than do too little to bring inflation down to the Fed's 2% target. "Insufficient tightening will not allow us to return to 2% inflation within a reasonable period of time," he said, adding that more information is needed to make firm decisions on future interest rate moves. "I can't say we are in a good position yet." situation." (WSJ)