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Israel  MacroMicro  19:42:55 GMT - 01/08/2020  
he means good for his own agenda.I think that meditation classes are much cheaper and more effective solution.

after all, education cannot help within illogical society.


AT Trader john  19:25:36 GMT - 01/08/2020  
generally, I believe that Fed officials are "expected" to steer clear of politics. Kashkari strikes me as a very political figure. He seems to have political ambitions. We will see.

Minneapolis DRS2  18:50:46 GMT - 01/08/2020  
What we have is a voting member of the FOMC encouraging massive increases in state spending, in a state that is already lax on fiscal discipline.

dc CB  18:41:21 GMT - 01/08/2020  
what is a voting member of the FOMC doing getting involved in state politics politics...A State Constitutional Amendment.

Minneapolis DRS2  18:32:51 GMT - 01/08/2020  
The Fed is getting into fiscal and social issues in addition to their traditional roles in monetary issues.

Some background: The state of Minnesota has one of the highest educational disparity rates in the US. Simply put, the high achieving kids do well, and the low achieving kids don't.

Neel Kashkari and Alan Page (a state supreme court judge) are pushing for an amendment to the Minnesota state constitution to "require a quality education for all kids".

Practically speaking...this means a lot more money for K-12 education in the state, a special interest that already has a lot of money and IMHO wastes most of it.

The Fed is exploring social and fiscal and not just monetary issues. I can't see this turning out well. (Minnesota is already one of the highest taxed states in the country, most of it going to education.)

kashkari proposes amendment

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