On Monday's broadcast of CNBC's "Squawk Box," Minneapolis Fed President Neel Kashkari stated that "we keep getting surprised about how high inflation has been, how entrenched it has been, how slow it is coming down," "services inflation seems pretty darn entrenched" thusfar, and that we're not seeing evidence that stress on the banking system is helping reduce inflation. Kashkari also said that as long as inflation "continues to be entrenched at a very high level" there will probably be stresses on the banking system.