of. ,e are back with catherine mann a professor at brandeis university. we got cut off, chair yellen a recentplayed acceleration in inflation. it is still below the fed target of 2%. prices were up 1.8% through may. what about the concern expressed by the fed presidents of st. louis and philadelphia that fed stimulus could push inflation above the 2% threshold? >> we have to remember that the 2% threshold has a plus or minus, a standard deviation round it. we have been below the threshold for an extended time. imagine, in order to balance that out, being a little bit above the threshold would be the right way to be. remember, actually a threshold was the vocabulary word they used for unemployment rate, whereas target is the word they tend to use for inflation. a target, you can miss it on the downside, you can miss it on the upside. you can still be around the target. people view aof little bit above the 2% as perfectly reasonable, and supportive of the economy going forward. >> how will the fed be able to wind down the $4.5 trillion balance sheet without

also tomorrow, catherine mann, professor of business school and bloomberg you contributor will join usston with analysis. at a recent conference focusing on pension and retirement, arne duncan says financial literacy should be a staple of the american education system. for publicliance charter school nina rees back with us. states requireof financial literacy be taught. why? >> this is quite unfortunate because a sound financial literacy curriculum is the gateway to getting a lot of students interested in math. years ago it 30 was probably ok for schools not to teach about financial literacy but nowadays with more and more students seeking financial aid after they graduate from high school and the state of the current retirement system, i think it is more imperative now than ever before for students to learn the basics of financial literacy at an early age. >> the organization for economic cooperation and development is out with a report that analyzed financial knowledge among 15-year-olds in 18 countries including the united states. american teenagers placed on -- placed ninth and wer

by the way catherine lebraun james marketing agency represents men sailed creek johnny mann sale, hisorm is number one and russell wilson of seattle is no. 2 and people like kapernick he is the third fastest selling jersey and taking manning number for. we have some real honesty bob dole's been >> enforcement is broken and the infractions committee has not help a meeting in almost any year. i think that is not an understatement that cheating pays. its pc to, conspired to celebrate the rules. and i get caught on most occasions. >> gary: that is honesty for the come from the commissioner. how do you police a bolster seen a kid after the game as it is here is a couple of hundred dollars to take your girlfriend out? that stuff goes on all of the time. >> catherine: it is refreshing that someone said it. >> gary: yes someone with a suit and tie on. thank you catherine >> catherine: and said: there was odd behavior prompting a world wide push for help. >> catherine: and molly looking, they're in our jeter team that is getting a lot of attention. media is calling him the saddest paul baer in