Inflation, geopolitics and the Fed's new approach
Rising inflation risks from geopolitical tensions, and what a less communicative Fed means for markets.

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 July 2026 as oil spiked on news from the Middle East.
He discussed the inflation risks that come with geopolitical tension, and how a Fed that says less could leave markets to interpret each new data release on their own.
Watch the segment on CNBC (3 min 33 sec).


