Minneapolis Fed President Neel Kashkari Admits Goal is to Shrink Economy to Meet Decreased Energy Supplies – IOTW Report

Minneapolis Fed President Neel Kashkari Admits Goal is to Shrink Economy to Meet Decreased Energy Supplies

h/t joe6pak

CTH: This video interview segment was sent to me today along with a “wow, you were right” message.  Apparently, the interview took place a few weeks ago (it’s new to me), but the admissions within it are quite remarkable.

The CNBC discussion surrounds inflation and the federal reserve raising interest rates. Minneapolis Fed President Neel Kashkari is talking about the jobs report, inflation and the intention of the federal reserve to continue raising interest rates until they achieve 2% inflation, regardless of consequence.  Kashkari doesn’t hedge on the latter issue of consequence; he affirms with absolute guarantee the fed will keep raising rates until the economy shrinks enough such that 2% inflation is achieved.  However, watch what happens when Joe Kernan takes that outlook and overlays “supply side” energy policy.  MORE

SNIP: What is going on with that dude’s skull?

11 Comments on Minneapolis Fed President Neel Kashkari Admits Goal is to Shrink Economy to Meet Decreased Energy Supplies

  1. It’s the American way. Let’s contract our economy. sarc.

    Because of a false premise, the Green New Deal. Which was voted down by the way.
    Neel Kashkari is not an American and I resent the fuck out of him telling me how I’m going to run my business and him trying to interfere in my day to day.

    6
  2. It’s his eyes, Joe6pak.

    And Joe Kernan is an idiot too. I think I heard him say that supply doesn’t affect price? Is he fucking retarded?

    And then there’s the guy with one snake eye…..

    2
  3. Why in THE hell is Government monitoring private corporations and prohibiting them from selling what they are capable of producing? In this case electricity. It’s none of their damn business. Our federal government is the largest employer in the world. By far. We need to make it one of the smallest. Fast.

    8
  4. Make it smaller, make it weaker… then call it progress.
    These rat-bastards never consider enabling a larger, more productive economy which would simply require that they get the hell out of the way!!

    2

Comments are closed.