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Transcripts For CNBC Worldwide Exchange 20140822

Them more gradually. But the longer we wait, the more i see us as having to raise rates quickly in response to a stronger economy and perhaps more inflation. Chuck hagel is saying the pentagon may be forced to review its budget to fight isis. On the move, russia is saying an aid convoy is making its way to the ukrainian city as Angela Merkel is preparing to meet with ukrainian president poroshenko. Good morning, everybody. Good morning. Welcome. Its friday. Were almost done with the week, arent we . But a lot still going on. Very glad youre with us. We have two hours together and its all about janet yellen today. We have no large Economic Data thats due to hit our wires. Were very much in wait and see mode as janet yellen is prepared to address delegates at jackson hole today. The debate going on on the sidelines is that the market and the economy are both Strong Enough to warrant a rate hike. Philadelphia fed president Charles Plosser thinks its time to move. I would prefer us raising

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