We hear from Kashkari just yesterday but he’s back on the wires today:
- I haven’t had time to go through the CPI data in detail but on the headline level it seems to be confirming the path we’re on
- There are still six weeks before the Fed’s next meeting with more data to come
- I have confidence that inflation is headed in the right direction but we need to wait
- Sometimes I’m frustrated by the dot plot because there is so much uncertainty
- I have confidence that inflation is heading in the right direction
- There is tremendous uncertainty about where the neutral rate
- The longer the economy performs well, the more I believe that the neutral rate is higher
- I think the labor market is in a good place
- I still think the labor market is cooling
- We’ve underbuilt housing for the last decade, we can’t fix housing
- Monetary policy is the wrong tool to address asset bubbles
This article was written by Adam Button at www.forexlive.com.
