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President has a concern.but he absolutely respects the independence of the fed.the market expects interest rates to keep going up, the only question is how far and for how long we think the fed will be very careful in managing the economy. chris: in fact, isn t it responsible as the economy heats up. when we ve had these artificially low interest rates when the economy was chugging along at 1-2 percent. isn t it responsible for the fed to increase interest rates? i think it is in the market expects it. it s been targeting two percent inflation and with two percent inflation, we have to have slightly higher interest rates to manage through that. chris: i want to ask you about another potential drag on the economy and that is the drop in some tech stocks. facebook dropped 19 percent on thursday. twitter fell 20 percent friday. intel and apple fell also. ....
President has a concern.but he absolutely respects the independence of the fed.the market expects interest rates to keep going up, the only question is how far and for how long we think the fed will be very careful in managing the economy. chris: in fact, isn t it responsible as the economy heats up. when we ve had these artificially low interest rates when the economy was chugging along at 1-2 percent. isn t it responsible for the fed to increase interest rates? i think it is in the market expects it. it s been targeting two percent inflation and with two percent inflation, we have to have slightly higher interest rates to manage through that. chris: i want to ask you about another potential drag on the economy and that is the drop in some tech stocks. facebook dropped 19 percent on thursday. twitter fell 20 percent friday. intel and apple fell also. ....
President has a concern.but he absolutely respects the independence of the fed.the market expects interest rates to keep going up, the only question is how far and for how long we think the fed will be very careful in managing the economy. chris: in fact, isn t it responsible as the economy heats up. when we ve had these artificially low interest rates when the economy was chugging along at 1-2 percent. isn t it responsible for the fed to increase interest rates? i think it is in the market expects it. it s been targeting two percent inflation and with two percent inflation, we have to have slightly higher interest rates to manage through that. chris: i want to ask you about another potential drag on the economy and that is the drop in some tech stocks. facebook dropped 19 percent on thursday. twitter fell 20 percent friday. intel and apple fell also. ....
I think once the economy heats up again, i think we re less likely to see a large number of people from mexico again. those jobs are going to be filled by people from other parts of the world. gentlemen, thank you. thank you. and we ll be right back and we ll be right back after this. [ male announcer ] this.is the network a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, ....