"...Kashkari is unaware, or simply chooses to ignore the fact that the Fed's "inflation at all costs" (literally) policy cripples America's poor and middle class, and only benefits those in the top 10% who own financial assets, which in turn continue to rise to all time highs making the rich richer, while the poor get poorer by the year. Alas, this is not important to Kashkari and those like him who believe that the Fed should resume punishing savers at the expense of debtors and financial asset holders, as if that will somehow magically restore the US economy to its former luster. Also, it may be worth asking why a decade of ultra low rates resulted in the slowest recovery in US history, and why the Fed is advocating a return to those same conditions that resulted in a dead end. In any case, Kashkari clearly has a strategic goal with his letter, with which he hopes to get on Trump's good side and be appointed next Fed chair, replacing Powell when Trump drops the axe, so to speak.... https://www.zerohedge.com/news/2019...-replace-powell-says-he-pushed-50bps-rate-cut __________________________________________________________________ From my view, Kashkari should just GO SUCK A DICK! Just another power-hungry nobody looking for attention, power and prestige. What we NEED is the next Paul Volker!