brainerd won this round. to be victorious for the foreseeable future or is and other hawks going to stage a comeback? >> this is looking into the back half of this year. the important question is, how fed -- how dovish does the remain even as the economy adds jobs at a fairly rapid pace. even as inflation is going to take up from here. i think the answer is the fed is going to be fairly tolerant going forward. there is a lot of uncertainty about the downside risks to raising interest rates. the fed is looking at the global environment. when we try to raise interest significant feedback effects. what may have been 100 basis points of easing -- tightening in the old model now it should be 50 basis points but how well brainerd can keep the fed on that path versus the concern that i will see stronger data later on is the key issue for the second half of this year and it relates to how much is janet yellen going to tolerate overshooting of the inflation target. alix: is there going to be and -- a battleground, eco

fed vice chair stan fisher, fed governor a littlail brainerd. she says the tight labor markets from the strong employment report on friday does not guarantee higher inflation. both fed officials will talk about the relationship between inflation and employment being broken or at least not as consistent as it had been in the past. she says inflation is persistently under target. though she is heartened by the strong employment numbers on friday. and expects over time inflation to be back to 2% target, but she's in no particular hurry. the real risk because of china and slack in the economy, the real risk for inflation is to the downside. stan fisher not speaking directly on current monetary policy. but does he drop this one element here saying he has seen possibly the first signs of an increase in inflation. he goes on to an even more academic speech where he says the natural rate or the equilibrium interest rate may rise only gradually. rates will remain low by historical standards to the future. he said central banks have options at the zero lo

been on the attack slamming trump on everything from his makeup to the ku klax klan support of the brainerd >> there is no room in the conservative movement for david duke oriental not condemn them. >> reporter: will it make a difference? tonight we might now. in two weeks we definitely will. his campaign says tonight is of course huge for them but they releases saying they will be staying in this fight regardless of the outcome tonight something tells me the next two weeks will be fascinating in florida. >>> our news team coverage moves to ted scouten. >> donald trump will be holding a news conference later tonight. >> reporter: donald trump is now heading to south florida. he's going to be here at the mar-a-lago club in palm beach others are planning rallies with the supporters instead he has a news conference these going to have tonight but already today has been busy. donald trump leading a rally in columbus ohio where the primary vote is still two weeks away the same day as florida. him being there shows the importance of both states. in the midst of his ugly republican contest he is c

we got comments from the fed vice chair, fisher, with governor brainerd. she said she had to rules for monetary policy. the first was that we should not take the strength of the u.s. labor market for granted. these were two roles. the second is that we should put a high premium on clear evidence that inflation is moving towards the 2% target. fromng at emerging markets a fed perspective, often people talk about how the fed is a big driver of what's happening in emerging markets. how concerned are you about the pace of the fed rate hike and what do you see as the risk? thing, the risk of a continual dislocation if the federal reserve raises rates two or three more times this year is rather high. you will start to see that on the commodities complex and currency side. we don't believe that they will raise rates as much as they are actually signaling. we are expecting maybe one will rate hike additionally this year . look, here's the reality. the reality is that they cannot raise rates when you have negative rates across the board with the european trading pa

brainerd saying that they need prudent hikes. this is what stanley fischer said at a separate event in washington. >> it is sometimes argued that the link between inflation must have been broken. i don't believe that. rather, the link has never been very precise, but it exists, and we may well at present be seen the first stories in the increase of the inflation rate, something which the fed would like to have happen. carol: recent reports suggest shaken up thes affects of financial volatility from earlier in the year, but the question now is, is the worst behind us? alan gayle is with us right now. great to have you here with us. you see the environment we are in. where are we in this market cycle, in this economic cycle? alan: first of all, thanks for having me. i still think we have a way to go to the upside in this cycle, in this economic expansion. but i would say in managing the we areion strategies, cautiously optimistic in positioning portfolios. -- wee have seen here look at valuations, we want to see something attractiv

what i remember fed governor lael brainerd saying to me, imagine if we get another round of inflationjobs report, i wouldn't rule out any he particular increase. i think the idea of an increase in june is still a pretty good possibility. maybe earlier if those inflation numbers tick up. this statement is very neutral. what is dovish about it is the forecast for rates this year. >> steve, thank you very much. we appreciate that and for being there for us and we'll see you in half hour or so. to problbob pisani to see how ms reacted. they did by 75 points on the dow. >> and well they should. two points we were bringing up that were very important. the fed acknowledging economic conditions have improved somewhat since the last statement back in january. they said the economy has been expanding at a moderate pace. prior comments were economic growth slowed last year. that was the january comment. there is number one. they got what they wanted, modest acknowledgement that the economy is improving. the second and trickier one was lowering their interest rate forecast, remember, they were ex

i know from my interview with the fed governor brainerd that she does not want to see me moving too far away. there's a limited divergence for the fed. the fed has a man date to take care of its home turf so to speak and if you have those rising inflation numbers you have the possibility that those cheap gas numbers are going to start to roll out of the cpi index. in other words comparisons with a year ago they're going to have rising inflation numbers so the heetd is going to be on the fed regardless of japan and europe right now. >> we'll see you in the room later on. all right. steve at the federal reserve in the nation's capitol. how are bond investors positioning their portfolio ahead of the fed? let's bring in scott. he is the cio of core strategy. welcome back. it's good to see you today. >> thanks. >> weigh in on this question has the fed lost it's cred? >> it's been eroding overtime and that's why the market has largely been conditioned to ignore a lot of the fed forecasts at this point in time. that has to be frustrating the fed some what. makes their job much more difficult b

fed vice chair stan fisher, fed governor a littlail brainerd.he says the tight labor markets from the strong employment report on friday does not guarantee higher inflation. both fed officials will talk about the relationship between inflation and employment being broken or at least not as consistent as it had been in the past. she says inflation is persistently

brainerd's husband was a former adviser to clinton.approved a government-backed bill crafted in the aftermath of the paris terrorist attacks in november. it would impose penalties and jail time on technology executives to deny access to encrypted data during a terrorist investigation. sponsors are distancing themselves from maria sharapova after she admitted failing a drug test. rsche, a luxury watchmaker, and nike have all suspended sheriff popa, the world's highest-paid female athlete. va, the world's highest paid female athlete. i'm mark crumpton. back to you. scarlet: thank you, mark. these securities and exchange commission has powerful oversight over the markets, primarily through its autonomy. alix: our correspondent spoke exclusively to mary jo white about what they have accomplished this year. guest: we have accomplished a great deal of ready. one of my highest priorities was on our equity market structure. we have also set up the mechanism to do the first comprehensive review of the structure. we are quite active. all of thes

johnson edwards editing the diary of david brainerd. you have good book says honorable mention. it is not impossible to choose them and they are working right now for too few of these colleges. the point is they do exist and they do seem to be working. therefore we do have some recommendations for what can be done better. we would like to get rid of the extra curricular goals and make it academic goals, don't worry about building community. how do you text, they have a goal that is impossible to tell, confined to academic goals, actually be able to tell what you are doing is working. we would like them to have smaller committees composed entirely of people who love books that have a great experience of it. we would like them to integrate the reading into class es. you can test for swimming knowledge, you can test for whether you read a book over the summer. it is not impossible to do. we have a recommendation that it might be better to make college more selective, if you can't get your current student body to be able to be willing to read, able to read, one challenging book in f

rates further than the fed would want, it wouldn't go unless there is some major speech and we have brainerd and stan fisher, both speaking on monday, they will not redirect the market. it does put june on the table and the market had mostly priced june out and i think if we keep going, steady like this, june is a real possibility. >> fisher, correct me if i'm wrong, has been the fed official who has thrown the most specifics out. we could get some market moving fed stuff from fisher on monday. >> that's entirely possible. i would be paying very close attention. >> i have a feeling you will. >> bill rogers, i heard for months and months and months as the economy gets closer to full employment, which we either are at, i love to hear when you think we are or not, but as the labor market grows tighter, wages would start to go up. they didn't. why? >> the month over number did not go up. but if you look at the year over number, it was up around -- i think 2% or so. and it has been consistently tracking that at that for the last few years. >> what stalled in the most recent month. what stalled? >