* Now sees an increased likelihood of future scenarios in which inflation remains notably above 2% * While the upside risks to inflation have increased, labor market conditions seem a bit stronger overall * With the labor market on a better footing, monetary policy can focus on a timely return to price stability, especially after five and a half years of too high inflation * Somewhat more restrictive federal funds rate will help ensure that inflation durably returns to target
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
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