Savvy Trades and Investments

[jtomm]

Minn Fed Pres Says Talk of Pivot Entirely Premature

"We are a long-long-long way away from that," says Neel Kashkari, Pres of Minn Fed in response to a question about the govt servicing $30tril in debt at higher rates. Regarding the servicing of the debt, he says that's not our responsibility, doesn't even come into my thinking, that's Congress and the Treasury.

I ain't saying his answer makes any sense, so please don't shoot the messenger. (I think it's absurd that the fed even exists. They get to control and front-run markets, and they pay no price for being wrong)

Video link below is timed to start at the question, answer runs about 3min):