The following is a transcript of an interview with Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, <a href=https://www.stanley-cups.de>stanley cup</a> that aired Sunday, July 31, 2022, on Face the Nation. JOHN DICKERSON: We turn now to the president of the Minneapolis Federal Reserve, Neel Kashkari. Good morning, Neel. Inflationndash;PRESIDENT OF THE FEDERAL RESERVE BANK OF MINNEAPOLIS NEEL KASHKARI: ndash;John, thanks for having me. JOHN DICKERSON: Thank <a href=https://www.cup-stanley.com.de>stanley cup</a> you for being here. Okay. Everybody wants to know inflation, still hot What is it What does it look like to you KASHKARI: It s very concerning, you know, we keep getting inflation readings, new data that comes in, and as recently as this past week, and we keep getting surprised. It s higher than we expect. And it s not just a few categories. It s spreading out more broadly, across the economy. And that s why th <a href=https://www.stanley-quencher.co.uk>stanley cup</a> e Federal Reserve is acting with such urgency to get it under control and bring it back down. JOHN DICKERSON: Wages within that, what does the wage picture look like in two different ways, we measure it, both just on its own, and then relative to inflation KASHKARI: For most Americans, their wages are going up, but they re not going up as fast as inflation. So most Americans, real wages, real incomes are going down. That s why families are finding it increasingly hard to make ends meet. When they go to the grocery store, when they buy necessities, they re not able to buy as much because they Raga 9-year-old girl survives rare cougar attack in Washington
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