It wouldn't surprise me to see a rate hike at the end of the year

Reaction to the May jobs report and the Fed's interest rate outlook.

By Roger Ferguson
Roger Ferguson on CNBC's Squawk Box, 5 June 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 5 June 2026 to react to the May jobs report.

He discussed the report, its impact on the Fed's interest rate outlook and the chance of a rate rise by the end of the year.

Watch the segment on CNBC (4 min 36 sec).

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