Minneapolis Fed President Neel Kashkari said Monday that supply chain issues that have helped keep U.S. inflation high are not ebbing as fast as he thought and expressed less confidence on when they will begin to ease.

"I'm confident we are going to get inflation back down to our 2% target, but I am not yet confident on how much of that burden we're gonna have to carry versus getting help from the supply side," Kashkari said in an interview with CNBC.

"Virtually all of that news is in the wrong direction," he said, citing the war in Ukraine and COVID lockdowns in China.