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Neel Kashkari on the Fed's Commitment to Defeating Inflation
Odd Lots
Is That Your Definition of Restrictive?
The biggest risk, not the most likely risk, is if we and financial markets are fundamentally misreading the underlying inflationary dynamics. The employment of population ratio in the us, is 60 %, whereas pre crisis, february two thousand 20, was 61 point two. So by that measure, by that labor market measure, there hasn't been a recovery. But it's going to be a little while before normalization.
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