How Strong Is the Case for a Fed Rate Hike?

Federal Reserve Chair Janet Yellen still has faith. On Friday she expressed confidence that tighter labor markets over time will push inflation back to the central bank’s 2 percent goal, setting up a rate hike this year -- possibly as soon as next month -- if jobs data remain strong. That view breaks with a minority group of Fed officials who are more pessimistic about the relationship between labor markets and prices. Mitsubishi UFJ Chief Economist Brendan Brown discusses with Bloomberg's Mark Barton on "The Pulse."

Full Show: Surveillance (09/12)
30:23 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Andreas Utermann, chief executive officer and global chief investment officer at Allianz Global Investors, Johan van Zyl, chief executive officer at Toyota Motor Europe, and NYU Stern School of Business Dean Peter Henry. (Source: Bloomberg)
  • Macron Faces Street Protests Over Labor Reforms
  • Full Show: Bloomberg Daybreak: Americas (09/07)
  • U.S. Jobless Claims Soar by 62,000 on Hurricane Harvey