September is the time to hike if the Fed is going to maintain its credibility

On the August CPI report and what it means for the Fed's September decision.

By Roger Ferguson
Roger Ferguson on CNBC's Squawk Box, 11 September 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 11 September 2026 after the August CPI report.

He discussed what the inflation numbers mean for the Fed's September rate decision and for its credibility, and how the economy is holding up.

Watch the segment on CNBC (2 min).

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