The Fed's Boondoggle in Jackson Hall

Jay Parini: The Fed is going to fight the economy doing better inflation potentially turning up scenario, tooth and nail. He says we've had relatively robust economic activity if you measure it based on GDP so output. What that shows up as is a very strong upward movement and productivity I don't think that's sustainable. And my sense is that hours work will go up it'll be some combination of more people working than working longer," he said.