If midterms weren't on the horizon, the Fed would raise rates, says Wharton Professor Jeremy Siegel

• The August jobs report was 'very good' and 'non-inflationary', showing increased labor force participation and controlled wages.
• Siegel believes the Fed *should* raise interest rates based on economic data, including excessive M2 money supply growth, but is likely delaying due to political pressure from midterm elections and President Trump.
• He predicts that a Fed rate hike, while potentially causing an initial negative market reaction, would ultimately be viewed positively as it would enhance the Fed's credibility in fighting inflation.

Wharton Professor Jeremy Siegel discusses the August jobs report, deeming it 'very good' and 'non-inflationary' due to increased labor force participation and controlled wages. He argues the Fed would raise rates if not for political pressure, believing such a move, though initially negative for markets, would ultimately be positive by bolstering Fed credibility against inflation.