Inflation is doing exactly what the FOMC hoped it would, says Fmr. Fed President Loretta Mester 

talking about not raising rates will create more inflation. Right Loretta

right sully not raising rates will crash the dollar.

Get housing prices down 50% then we can talk.

The economy is at an interesting stage at the moment - while the Feds thinks that inflation is cooling yet food prices and the housing market still remains expensive. The recent cuts could potentially only help increase inflation while In hindsight the inflation issue hasn’t been addressed. Potentially higher wages is how we are going to tackle this?