If inflation is here, why is Fed not raising rates? Bill Baruch

More than the threat of inflation, the Federal Reserve is really concerned about unemployment and underemployment, said Bill Baruch, president of Blue Line Futures. "[The Fed] doesn't really expect inflation, that doesn't give them reason to move but they do want to see full employment," Baruch said. "The U3 rate is about 6%. It's the U6 rate that is 11% right now, and that's the underemployment, so people that have fallen out of the work force, and that's what worries the Fed and that's one of the reasons why they should remain dovish."