Minneapolis Fed President Neel Kashkari, who previously anticipated one interest rate cut this year, stated that the attacks on Iran have made him less certain. "In the context of the current geopolitical events, we need to get more data," Kashkari said Tuesday at the Bloomberg Invest conference in New York. He also noted that the key question for inflation now is how long the rise in energy prices will last. Oil prices surged on Monday and Tuesday after the U.S. and Israel launched attacks on Iran, suggesting the conflict could last for weeks. "It is too early to judge the impact on inflation and its duration," Kashkari said. Following the Fed's decision to keep rates unchanged at its January meeting, policymakers are widely expected to maintain the status quo at this month's meeting. Market participants have also scaled back expectations for two rate cuts within the year. Kashkari reiterated his support for Fed Chair Jerome Powell. Although Powell's term as chair ends in May, he has the option to remain on the board as a governor until January 2028. "I think Powell has done an excellent job both as a governor and as chair, and I would be very happy if he chooses to continue," Kashkari said.