savt louis fed president jim bullard.on the slack in the labor market and how employment is separating the hawks from the doves. >>> trucks from a russian aid convoy crossing the ukraine border, escorted by pro-russian rebels, we'll bring you the latest. >>> plus it's opportunity friday. the inside scoop on pimco's global value plays. >>> and union wine company has a message for wine snobs. don't hate the cans. >> he hates these cans! stay away from the cans! >> we'll ask the company's founder why he thinks canned wine will catch on. the third hour of "squawk box" starts right now. you like this song? do you know. >> darius rucker? >> he's a genius. >> i like the song, too. like everything about it. love him. welcome back to "squawk box" here on cnbc. first in business worldwide i'm joe kerner along with becky quick, andrew's off today. we're going to get to jackson hole in just a moment. we're going to talk to st. louis -- there he is. st. louis fed president jim bullard. first check out this video catching our attention

jim bullard joins us now.ing us. >> great to be here. >> did you see any change in policy or preparation on the part of chair yellen this morning in her remarks? >> she is always very careful and well-prepared. i thought she did a good job and laid out a lot of issues around the labor market as she stressed how complex it is because, you know, different indicators are going in different directions and how are we really going to assess that. i thought it was a good speech. >> she made it clear it is kind of harder to assess things. >> yeah, i think it is harder although i would stress i think that the main indicators that we use, which are unemployment and non-farm payroll employment are still probably our best indicators. it is true there are many other things to look at that, quits and part-time economic reasons and all these other categories, but really, the main, the main ones are unemployment and, and non-farm payroll. david: she reiterated that all of this, decision on when to raise short-term interest ra

. >> but jim bullard the st. louis fed president thinks an earlier move is warranted. >> i don't think a little more hawkish slant has to be bad news for the economy. it means that the committee could be more confident that the economy is going to imroffe in the future, and is going to be able to handle the high rates that will eventually come. >> a new appearance at the meeting this year was a small group of around ten protesters. they urged the fed to keep rates low and focus on unemployment. >> the federal reserve has its hands on the leaves of macro economic policy. and we need the fed to know that raising interest rates right now would send millions of people out of work, and it would be a terrible way to try to combat asset bubbles. >> the conference focusing on labor is looking in-depth at the effects of technology, demographics, fed policy and government regulation on wages and unemployment. and it may just influence policy in the months ahead. for "nightly business report" in jackson hole, wyoming, i'm s

tomorrow morning on "squawk box," right around this time, i guess it's 8:00 we're going to have jim bullardd interview. four additional fed presidents. >> wow, steve, thank you for that. we look forward to the interviews tomorrow. >> there it is again. jim bull ard, steve. you have jim bullard. there it is again. >> what did i do? >> no, with how there's so much import once you're on the fed for awhile. it's like oh, my god you have jim bullard. everybody goes wow. when you're there for awhile it's really good. >> if you are offered a position, take it, steve. >> i don't think so. i like my job too much. >> you do? then we do, too. up next a football helmet that's all the rage among nfl and college teams. maybe that would work if you were worried about all the ice. because that whole garbage can is filled with ice. it lets coaches see the game from a players perspective. and it could be a game changing for leagues and tv broadcasting. the ceo of the company behind the technology joins us next. and then later today, don't miss eric schneiderman on the halftime report today. he'll talk about

we interviewed five fed presidents here, including, you know, john williams, jim bullard. jim bullard's one of the ones that wants to go earlier, but john williams and dennis lockhart from atlanta, they're still in mid-2015. in fact, dennis lockhart's quote was "i'm still a mid-2015'er," so we get that. and ultimately -- go ahead, scott. >> i was going to say, steve, i heard you said, it could have been six months ago or every month there out, that what the fed does is going to be data-dependent, right? and we leave jackson hole with essentially the same scenario in place. everything is data-dependent from here forward. nothing has dramatically changed. >> no, you sound disappointed, scott. i'm sorry about that. we do our best out here to give you the information, but -- >> no, no, i think the market is looking for a little bit more. >> would you have it any other way? would you have them be dogmatic about it, rather than be data-dependent? >> no, i'm not disappointed at all. i mean, i would expect -- i say it somewhat sarcastically, in that of course -- >> i'm joking. >>

11:30 this morning, we have the san francisco fed president, johnwomans, charles foster at 4:15, jim bullardhart saturday. quite the line up from us making news from this location where i am now, dpiguys. >> steve, 5 lot of people -- i'm a european, focusing on draghi, but focusing on what the ecb will say. if the data in europe is lousy, jp morgan suggests sovereign debt likelihood, if the eases, is that difficult for yellen to tighten because liquidity in the world generally, and bank of japan as well, and the fact the dollar shoots higher, worry her, move with all the central bankers as she can so the currencies do not become a risk? >> i was not spoken to yellen about this directly, but i assure you the thing that yellen wants from europe is growth. what she does not want to do is marking down u.s. gdp because we're not getting growth from europement i think she wants draghi to turn around the economy over there. there's talk whether or not buying sovereign bonds would really do anything for europe. as you know, the bund is trading below 1%. it's unclear how even lower rates would help e