The Fed's Expectations for Inflation

Sally Kohn: These numbers were really, really strong. We saw a broad base hiring across a variety of industries from professional business services, information and technology to social services. Even those industries that had big headlines in the United States about layoffs. They hired in April. That brought the overall unemployment rate to 3.4% and the United States that's near are at record lows. This is astonishing. If you could have said to Jay Powell and the crew at the Federal Reserve a year ago, guys, it's going to be OK. You can raise interest rates from 0 to 5%, and you're going to have a 3.2% unemployment rate. I hope they would say