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Transcript: Neel Kashkari, Minneapolis Fed president and CEO, on "Face the Nation with Margaret Brennan," Aug. 23, 2026

The following is the transcript of an interview with Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis that aired on "Face the Nation with Margaret Brennan" on Aug. 23, 2026.

  • Neel Kashkari discusses American economy on Face the Nation, Aug. 23, 2026
  • Federal Reserve focuses on controlling inflation at 2% target
  • Treasury Department responsible for managing national debt

Which foods have become less affordable for New Zealanders?

Some essential food items have increased in price twice as fast as wages have risen over the past 10 years.

  • New Zealand food prices have surged 70% over a decade.
  • Wages grew 52%, lagging behind food price increases.
  • Food inflation slowed to 1.9% in 2025, lowest since 2024.

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