Kashkari

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