i am here with eric rosengren.t. >> joe, you beat me. >> i did. >> let's talk about this other stuff on the back end. let's do an interview with a leading and important federal reserve official here. eric rosengren, thanks for joining us. >> nice to be here. >> let's set the table where are we we did 4.3% gdp in the second quarter, our indicators suggest a 3 plus percent in the third quarter. >> i'm not changing potential, but i would agree the economy is doing very well. we also expect growth to be around 3%. unemployment rate's already at 3.9% we have the employment report this morning and inflation is right at 2%. we're exactly where we want the economy to be right now. >> i always go back, and we get to do this at least once a year. i went back and looked at the old interview. we didn't have the tax cuts back then, we have them now, you thought we were at full employment at a higher rate than we are right now while you've upped your forecast to 3% for gdp, have you also upped your outlook for where rates ought

got -- before we get the jobs report at 8:30, at 7:30 we'll hear from the boston fed president, eric rosengrensman and let us know what he sees in the economy right now. also this morning we'll talk to sal kahn, we'll talk to him about education, back to school and what is happening to people going online to the kahn academy. >>> and kevin brady will talk to us about taxes 2.0 we'll get the chance to ask him if he wrote the op-ed, since everybody else is saying they didn't write it. >>> and we have scott gottlieb, the head of the fda, the commissioner there, dr. scott gottli gottlieb he threw out an interesting statement at a conference that kicked things into a fury when it comes to almond milk, soy milk, he said as far as he knows almonds don't lactate that has all kinds of people in the industry worried about what will happen he said they will be looking to modernize standards for when you can call milk milk if it doesn't lactate, is it milk >> with representative brady, on a serious note, maybe -- i would love to hear his views on if he thinks the oil thing is slowing down houston is his d

and that's why eric rosengren in our interview on friday said definitively he thinks the state and localfor the next crisis so we don't have to have these massive government cut backs. >> we spoke to a guest who said the next bubble, that could be it that and with pension problems there. and we had a piece on from geithner earlier with andrew where he talked about the extraordinary measures that congress granted the fed to go ahead with some of them taken away and you're dealing with a fed that is much more skeptical -- or a congress that is much for skeptical of the fed today, i think. that you might not get the same sort of issues granted >> i think the question is, look, we li in a hopefully once in a life time crisis. it doesn't mean you can't have a massive selloff in assets without a financial crisis that can happen. and that's what i think one of the things that's being debated right now is this idea of a countercyclical buffer a lot of officials want banks to have higher capital now because times are good and -- >> saving for a rainy day. >> that should be true in the local gover