Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, stated that it is too early to determine the Fed's next policy move, as inflation risks in the United States have escalated. He pointed out that the risk of rising inflation now outweighs concerns about the labor market. Kashkari highlighted that recent US economic data has shown increasing inflationary pressures, which could be exacerbated by global events, particularly the ongoing conflict in the Middle East. This situation is influencing the bond market and raising concerns about global inflation. While he expressed confidence that Fed policymakers will make decisions based on economic data, Kashkari remains cautious about pushing for a hawkish stance. He previously dissented during the April FOMC meeting, disagreeing with the dovish tone of the policy statement. Kashkari advocates for a neutral approach in the Fed's communications, indicating that he wants to keep options open while closely monitoring developments, especially regarding US-Iran negotiations and global supply chains.