Neel Kashkari, president of the Minneapolis Fed, said uncertainty in the Middle East motivated his decision to dissent from a phrase in the Fed’s statement on Wednesday suggesting a potential for future rate cuts.

The Iran crisis just opened a new pressure point far beyond the Gulf: the Federal Reserve. Minneapolis Fed President Neel Kashkari said Sunday that the longer the Iran war drags on, the greater the risk that higher energy prices and supply-chain disruption will keep inflation elevated in the United States — and could even

Given the risks and the uncertainty around all aspects of the war, Kashkari said the Fed may even have to raise rates.

Neel Kashkari, the president and CEO of the Minneapolis Fed, told "Face the Nation with Margaret Brennan" that while economists have been watching for an interest rate cut, "we all need to be open-minded about where interest rates are going because there's so much uncertainty coming out of the Middle East.

Federal Reserve Bank of Minneapolis President Neel Kashkari said the longer the war involving Iran drags on, the greater the risk of higher inflation and broader economic harm, complicating any near-term signals from the U.

Neel Kashkari, President & CEO Minneapolis Fed, spoke with Margaret Brennan on Face the Nation Sunday about interest rates and Kevin Warsh's nomination as chair of the Federal Reserve.

Kashkari agreed with the Federal Open Market Committee’s decision to hold rates steady but dissented from its accompanying policy statement, which he said signaled a future rate cut.