george bory, and megan greene. i want to start with you megan, most people agree on what it would look like through march, april, may be intimate as well. how do we respond to that inflation data as it creeps higher? it will be fascinating for me. what are we looking for? megan: inflation is a process and the fed said that it expects an excellent region in inflation but it won't be sustained. i will look at expectations. seeing whether inflation expectations are actually becoming unanchored, that is the important thing to look at. and you will see that in market space, but you'll will also see it in things like wage negotiations, wage growth can be an indication, people fundamentally believe that inflation is accelerating and demanding more pay. a rate spiral is the only way you get inflation spirals. i will look at those two things. >> i agree with that. we need to see substantial progress on the performance front. it is not the headline. you need to see that number to be -- you need to see participation rates and

let's bring in megan green, harvard kennedy school senior fellow.k it's premature to have the cycle conversation? maybe the fed never raising interest rates. >> i think it is a little premature. there is a huge debate about what kind of inflation we are going to get. we know we will get some temporarily. the fed has acknowledged as much. will it be sustained, that's a big question. i think if we have unemployment as for -- at 4.5% as the fed expects, and yellen says we get to full employment next year. and we have inflation at two point 5%, it is going to be increasingly untenable for the fed to argue that the appropriate rate -- i think the fed will be pushed into hiking sooner rather than later so i think the scenario where the fed never hikes is pretty unlikely. jonathan: are you a kaplan 22 type of call if you are on the fomc right now? >> the said -- the fed has said they will provide a long runway for investors. if we ended up having the fed hiking in 2022 it would probably happen in the latter part of that year. i think it is certainly possib

. >> joining me now is megan greene. global economist and senior fellow at harvard kennedy school. w, well, the health impacts of this pandemic. but you and others, including the united nations, have been -- have been writing about the risks of a decade of lost development. particularly, for developing nations. what does that look like? >> well, so for a lot of these developing countries, they have been racking up debt for the past decade. and so now, all of a sudden, they have all these extra expenditures they have to pay for health cost. they have to support the most vulnerable. and at the same time, investors are getting scared that they'll ever be able to repay their debts. and the creditors they borrowed from are much more diverse than they have in the past. so to come up with a solution to have a debt write-down of any sorts involves getting a whole bunch of different actors in the same room and agreeing to the terms of that write down. and in the meantime, these countries are seeing -- growth crater and desperately need the money. so the result of that could be a lost decade.

so it's time to do something different. >> whitaker: megan green told us she hears complaints about policea handful of reformers on city council, she knows what kim gardner is facing. when green questioned the police budget, the union mounted a campaign to unseat her. >> green: it was to send a message to other elected officials, like, "don't you dare, don't you be talking about how much money goes into the police department, because if you do, this is what we're going to do to you." >> whitaker: so what is the prognosis for reform? >> green: it's really difficult. they fight reform tooth and nail, and the tactics used to, you know, against elected officials are designed to quell dissent. and i think that it scares a lot of folks >> robert ogilvie: i wish there was an easy fix to this thing. but i think its going to take a lot of people crossing the aisle and changing. >> whitaker: we met sergeant robert ogilvie in north st. louis, his beat before he quit the force in august. after 30 years, he had become disillusioned. >> ogilvie: i believe that most of the officers that come out of the a

megan tevrizian. >> reporter: this morning a college sophomore from ohio is dead after an alleged hazing incident at bowling greentate university. the local sheriff now releasing the 911 call from last thursday. the night 20-year-old stone foltz fell unconscious. >> someone that we know is nonresponsive. he drank alcohol. like a lot of alcohol. >> 916 klotz road, apartment 12 for a 20-year-old male that is unresponsive. he has shallow breathing and has been drinking. >> reporter: the moments unfolding at an off campus party at the pi kappa alpha fraternity. >> do you see his chest rising up and down? >> no, not right now. >> and he's blue? >> yeah. >> reporter: foltz was air-lifted to the hospital and spent the weekend on life support. >> my stomach twisted just to see someone you loved so much and you've always seen so alive and so fun, it's just -- it's the hardest thing you'll ever go through. >> reporter: an attorney for the family calls it a tragedy and asks for privacy. the university now suspending all social activities in fraternities and sorority. the international kpa alp nition issngtateme yi it's edrr

. >> green seems to be the theme on this tuesday for "power lunch. david, megank you very much appreciate it. >> thanks a lot. >> thank you >>> to the bond market we go rick santelli tracking the action hi, rick >> hi, tyler indeed much talk about mefrsnervousnes. promoting policies to try to accomplish keeping rates lower, of course, it's going to get their attention. but everybody needs to relax a little bit because the market is cooling off on its own look at a two week of 10s. we spike and now we're starting to consolidate this is somewhat normal and look at the 20 year chart, here's what you should be paying attention to everyone in the world is nervous at 141 we spiked to 161 but prior to covid, the all-time low close was 136. that was the all-time low close. what are we, 141, how much difference between 141 and 136 handful of basis points. that's the point we have rates already low, even though they have jumped a bit. now, if you look at tens minus twos to spread since 2016, that's the last time it was hovering around 130. if you put the kbw index on top o

green pass. the government is hoping the initiative will nudge more people to get vaccinated. well, it was one of the most anticipated interviews in recent history tonight, prince harry and megan, duchess of sussex, sat down with oprah winfrey to tell their side of the story roughly one year after stepping down a senior members of the royal family pasta sal generosity has the details on what the couple revealed. prince harry and meghan markle sat down with oprah for the first time since resigning their formal duties and the royal family and no subject was off limits making says she went into the royal family blindly but received love from the queen and other members. she says it didn't take long for that fairy tale to become a nightmare as she began getting ridiculed in the british press at the family, the promise to protect her turned their backs they were willing to lie to protect other members of the family, but they weren't willing to tell the truth to protect me and my husband, but the betrayal went further when megan was pregnant with her first child, archie, she says the monarchy felt it wasn't right for her son to be called a prince. this led to a conversation about he