A high degree of uncertainty has the Fed in wait-and-see mode

On the Fed's decision to leave rates unchanged, Chair Powell's commentary and the inflation outlook.

By Roger Ferguson
Roger Ferguson on CNBC's Squawk Box, 19 March 2026

Pamir co-founder Roger W. Ferguson, Jr., former Vice Chairman of the Federal Reserve and former CEO of TIAA, joined CNBC's Squawk Box on 19 March 2026 the morning after the Federal Reserve left interest rates unchanged.

He discussed the decision, the takeaways from Fed Chair Powell's commentary, the state of the economy and the inflation outlook.

Watch the segment on CNBC (6 min).

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