Minneapolis Fed President Neel Kashkari said yesterday, “if we see a very strong labor market this fall, the way I’ve been expecting, then I think we could say we probably have made ‘substantial further progress.'”
However, the “wrinkle, now, is Delta”. He added, “if Delta causes the labor market to heal much more slowly, then that’s going cause me to step back”
“It’s so frustrating for all of us that the Delta variant is surging the way that it is,” Kashkari said. “I was cautiously optimistic a month ago that it seemed like we had the light at the end of the tunnel … and could return to normal.”
