Is the Fed Doing a Good Job?

Mark Cabana: The Fed would ideally like to get to a rate level where they are starting to see that the jobs market is softening and that inflation is coming down. But we don't know that 475 to 5% will be enough, he says. Cabana: A pause in rate hikes does not mean a cut. And interest rates are not just kind of encompassing what the previous guest had said.