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."
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