Clueless central banker

Inflation has been so low that even if it starts to climb it will not damage the economy,
Fed’s Kashkari added.

“We’ve been around ...a 1.7% [inflation rate]. If inflation starts to climb and we end up at 2.3% or 2.4% or 2.5%, so what,” he said.Fed’s Kashkari added. 

“We’ve been around ...a 1.7% [inflation rate]. If inflation starts to climb and we end up at 2.3% or 2.4% or 2.5%, so what,” he said.

That extra inflation adds 3/4 of a point onto the ten year which adds about 100 billion additional to the interest charges.  Congress cannot do that without QE help.