One shouldn't be shocked with a rate hike later this year

On the April jobs report and the Fed's interest rate outlook.

By Roger Ferguson
Roger Ferguson on CNBC's Squawk Box, 8 May 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 8 May 2026 to discuss the April jobs report.

He discussed the report, its impact on the Fed's interest rate outlook and why a rate rise later in the year should not come as a surprise.

Watch the segment on CNBC (5 min 57 sec).

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