find out when christian scholz thinks the fed will raise rates. stay with us. ♪ >> welcome back.his is "countdown." i am mark barton. 6:17 a.m. the fed is turning bond buying for another $10 million or months but the committee says they are still wary of a rate hike. for more, berenberg's christian schulz joins us now. what's your assessment on when the fed is going to start raising interest rates? the eye-catching change at the very end, we had one dissenter. plosser dissented on the guidance but i think that is very important. rate hike in a april of next year but that is still plenty of time for the committee to discuss and make up their minds. the numbers published during the impact haven't had much on the vote yet but it's a surprise we already have somebody dissenting and that is a hawkish message. plosser couldnk move.r encourage them to >> we may have seen more positive labor data and could extension with the discussion. who knows? was not the one people expected to dissent first. maybe more people will join him next time. tojanet yellen is trying stop us getting overzeal

. >> let's bring in senior -- omist from ehrenberg berenberg, christian scholz.chulz.tian >> spain and greece had slightly better figures which highlights that it is the core of the eurozone that seems to be slowing at the moment while the periphery is doing quite well. it seems to be a shift within the eurozone recovery towards the periphery and the problems are shifting away from the periphery towards the core. >> looking at the big value of euro. draghi said it is a huge problem. ny says he's comfortable with it. this debate? in >> i think the euro is a lot lower than it was before the crisis peaked. it is not overvalued in that sense. the account is hugely positive and you could even argue -- >> distribution? >> the big swing has been the periphery. they have adjusted their external balances within this account regime. the euro was not the big problem. even countries like france, if the euro were the valued, it would not solve the problem. lack oflem is the competitiveness in the eurozone. in the short-term term for the ecb, there is the effect on inflation w