Fed has higher bar than most people think when it comes to cutting: fmr. Fed Governor Mishkin

Joining us now is Frederick Michigan, former Federal Reserve Governor and currently an economics professor at Columbia University. Uh Frederick, great to see you. What what crossed your mind when you saw this PPI number this morning.How much of this is clearly tariffs and how much does it complicate the narrative that well the Fed of course has to cut in September and then we'll continue. So I don't put a huge amount of weight on a PPI uh particular number. It's very volatile.Uh however, even before this, I ...