Program and guest
CNBC Television’s “Squawk Box” (approximately 6 minutes and 06 seconds), featuring Roger Ferguson, former Federal Reserve Vice Chair and former TIAA CEO. This article covers Ferguson’s full interview.
Key views
(The following paraphrases the guest’s views; timestamp links lead to the corresponding points in the original video.)
- Holding steady is more likely this week: This is the prevailing market expectation, and statements made before the blackout period pointed in that direction. （https://www.youtube.com/watch?v=t91ttfIimcc&t=35s）
- But inflation readings have been disappointing and have not eased, leaving the Fed in a dilemma. （https://www.youtube.com/watch?v=t91ttfIimcc&t=55s）
- Two more rate hikes are needed to fight inflation: one in December and another after a period of observation, because inflation may be more stubborn than expected. （https://www.youtube.com/watch?v=t91ttfIimcc&t=306s）
- After the midterm elections, geopolitical variables such as the situation in Iran could still push oil prices higher and unsettle markets, creating a second line of risk outside rate-setting decisions. （https://www.youtube.com/watch?v=t91ttfIimcc&t=352s）
Background and notes
Subtitles cover the full video (approximately 6 minutes and 06 seconds); this article covers Ferguson’s full interview.