Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, is concerned about inflation and believes it is better to be aggressive in bringing it down. However, some Fed officials, including Kashkari, are worried that their hawkish outlook on interest rates may inadvertently lead to the next market crisis and undercut the bank's policy tightening to fight inflation. Raghuram Rajan, former Indian central bank governor and finance professor at Chicago Booth, believes the Fed is in a difficult situation and the probability of a soft landing is very small. The Fed's attempts to guide the economy to a "soft landing" while preserving financial stability may instead increase the odds of a crash landing or a longer, more turbulent glide path to the ground. The Fed's monetary policy and financial stability tools are "working well together," according to Chairman Jay Powell, but several people in the market believe multiple risks to financial stability remain.