Hard to say policy is restrictive enoughIn all likelihood, we will need to raise ratesA myriad of things are pushing up inflation, which makes it concerningBias is that rates need to go upEvery single Fed official speaking lately says that rates need to go up, and yet seemingly none of them supported a rate hike two weeks ago. It's baffling.More:I wouldn't spend a lot of time on the summary of economic projections, it's just a point in timeI'm looking at the gap between how consumer sentiment and spending gets closedWatch services ex-housing inflation, it's not moving in the right directionJust starting to hear that the consumer may be running out of gas This article was written by Adam Button at investinglive.com.