November 29, 2022

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US economy is in the beginning of a very, very strong recovery

1 min read

Upbeat comments from Kashkari:

  • We are still in a deep hole, with 7m jobs missing
  • Expect high price readings to return to normal
  • Some price increases are likely to be temporary
  • Some of the high inflation readings are no surprise
  • Hard to say definitively how much the extra $300/week in unemployment benefits is affecting the labor market

This is a virtual townhall and I’ll add comments as he makes them. Kashkari is a dove and voter in 2023, which will be a key time for the Fed.

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