Steve Moore: This Idea That People Working Causes Inflation ‘Is Crazy,’ I Don’t Think Kevin Warsh Believes That

RUSH EXCERPT:
MOORE: "Won’t first of all, I think there’s one job one job only in the Fed for that to keep inflation low and keep the dollar strong and stable. This idea that that has persisted now for 30 or 40 years that somehow people working causes inflation is crazy. By the way I don’t think Kevin Warsh believes that parties very attentive. I’ve talked to him about this. Number one goal bring that inflation rate back down below 2% pretty think that’s going to happen very soon. Obverse of the oil prices driving up prices right now over all. But look, I’m super bullish on this U.S. economy. I look at the news over the last week. The fact that GDP numbers continue to rise. A business spending, blockbuster numbers on business spending and investment. Hundreds of billions of dollars that are coming in from abroad into the United States. The fact is you’re trying my earlier on the show, a record amounts of energy production. It’s a very positive picture."