Fed's Kashkari: There is a risk of overdoing it

• We are moving at an appropraite aggressive pace
• There is a lot of tightening in the pipeline
• We are committed to restoring price stability and markets understand that
• How much we need to do will be determined by the supply side
• Markets understand what the Fed is doing

I wouldn't say markets understand it very well, or like it. Otherwise we wouldn't get getting blowouts in bonds. In any case, this is a bit less-hawkish but it's from a dove so it's not meaningful.

Update:

• We need to keep tightening policy until we see compelling evidence that underlying inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term has peaked and is heading down
• We will not repeat past mistake of cutting rates once economy weakens
• Policy stance is tight now