Ella 
In early trading on Tuesday, Minneapolis Federal Reserve President Neel Kashkari said: “I am one of the Fed’s finalists who believes that the Fed will raise interest rates once more this year.”
There is still more work to be done on services sector inflation.
The Fed can definitely get inflation back to 2%.
If real interest rates tighten, a rate cut may be needed.
The U.S. federal funds rate may have to remain at a higher level for longer to cool the situation – the above is a speech by Minneapolis Federal Reserve President Neel Kashkari, now published on the Minneapolis Fed website superior.
Lower inflation next year could allow the federal funds rate to be lowered to prevent inflation from tightening further.
Balance sheets will continue to shrink for the foreseeable future.
The impact of the balance sheet drain may not yet be fully felt.
