- Without help from supply side, Fed needs to do more
- Inflation is much too high
- We are getting a lot of mixed signals
- Ther eis some evidence job market is slowing down
- Until I see some compelling evidence that core inflation has at least peaked, not ready to declare a pause in rates
- Fed needs to be aware of feedback to the US economy from the strong dollar and other global feedback loops
Kashkari is a voter next year and that could be interesting. At the moment though, he’s put his dovish leanings to bed.