Minneapolis Federal Reserve President Neel Kashkari said the Fed must focus on containing inflationary risks, but it's far too soon to predict the next rate move.
He warned that the inflationary shockwave from the Middle East conflict could persist, working its way into bond markets.
Kashkari noted that inflation risk to the U.S. economy is higher than labor market risks, though both need attention.
Despite market pricing of an October rate hike, Kashkari declined to predict timing, emphasizing uncertainty.
