This ASSHOLE 9 months ago was calling inflation temporary. Now he is talking about “tapping” the breaks…. Try brace yourself for anti lock break deployment as the economy goes through the guard rail and off a cliff……. listen for yourself!!
Federal Reserve Bank of Minneapolis President Neel Kashkari stated on Thursday that the central bank’s continuing tightening of key interest rates will “tap breaks on the economy.” NB: a pigs ass. Try driving the US economy into a massive inflation/depression. Answering questions at the Young Presidents Organization Gold Twin Cities luncheon, he reiterated that inflation needs to be tamed “urgently,” and that although the Fed knows how to reach its 2% target goal, he is unsure whether the central bank can achieve this without pushing the economy into a recession. Kashkari further noted that the labor supply potential “is more or less fixed” and that the focus now needs to be on getting “the demand down.” NN: their is only one way to get demand down… And that is with a full blown depression…. And they damn well know it…