James Bullard one of my favorites Richmond Fed president Tom Barkin and San Francisco Fed president Mary Daley who in the past few weeks Publicly said that rates need to go significantly higher because they did not see any signs of inflation Moderating had a massive rant on this and shows you why there's such a disconnect between what the Fed does I don't know who they hang out with. I don't they lock them all in a room and now I'll talk to somebody I don't know if they never pay their bills. Maybe they just filthy rich but for them not to see what is going on that inflation is monitoring so many places was crazy and Some of them suggested that we should be at 4% the Fed funds rate this year We're only at two and a half percent this year No one hips have rise after being from zero to two and a half now They wanted to be 4% saying they're not seeing any evidence any evidence at all Even though it was in plain sight over the past six weeks Seven weeks copper down 40% lumber got cut in (4/35)