I like this guy actually

 

More than a lot of the others on the FED that is...

But :-).

Kashkari: Latest jobs report shows Fed needs to do more to tame inflation

"Neel Kashkari told CNBC in an interview on Tuesday that the report, which found that the U.S. economy added 517,000 jobs in January, shows that the Fed’s actions have not yet had much of an impact on the labor market. "

(Maybe?

Just maybe?

The yardstick used to measure inflation is not valid?

(As in it's not giving accurate results any more?)

And?

Maybe?

Just maybe.

People needed more jobs to try and keep up with 6.5% inflation?

Maybe that's why the jobs gained number was so high?)

"Kashkari added that the Fed should continue to raise the interest rate to 5.4 percent, up from its current target rate of 5.1 percent."

(Thats still not above 6.5%.

It might slow things down some but its never going to cure inflation and all these Fed policy wonks, governors etc...None of them know we have never had interest rates lower than the rate of inflation and ever tamed it b4?

So why are they all insisting on stopping short of whats needed to cure the problem?

You should already know what I believe...)

“It’s hard to imagine that you’re going to see very strong job growth

 while wage growth is moderating, and that’s what I’m looking for,” 

Kashkari continued."

(Maybe?

Just maybe.

This would help to explain it?

People needed more jobs to try and keep up with 6.5% inflation?

Maybe that's why the jobs gained number was so high?)