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News Reporting· CBS News Published Aug 23, 2026

Kashkari: Inflation could be extended as Canada fight goes on

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Washington — Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday that the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic that came to a head in recent days between the historically allied countries continue.

"The longer there's back and forth on the trade front, just like the longer there's back and forth in the conflict of Iran, the imprint and inflation end up being extended and delayed," Kashkari said on "Face the Nation with Margaret Brennan ."

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