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REUTERS/Eduardo Munoz Consumer prices rose 2.6% year-over-year, partially lifted by March 2020's drop in price growth. The Fed has signaled that reopening will drive a strong but transitory surge in inflation. Prices of common consumer goods rose faster than expected last month as widespread reopening accelerated the economic recovery. The Consumer Price Index, a popular measure of overall inflation, gained 0.6% from February to March, according to data published by the Bureau of Labor Statistics. Economists surveyed by Bloomberg had expected an increase of 0.5%....

Rolled that back. you know, he was in a bad mood about it. the thing about the president, as you said, this is a rate cut i wouldn't have voted for. he's okay with that dissent in the oval, go into the oval what do you think about interest rates? on this one i think i wouldn't cut right now. i think the inflation risks are something i'm concerned about. he clearly disagrees with me on that one and probably wanted the fed to move 50 basis points today. >> so you can say that privately, but it's publicly sounds it doesn't work for the president. are you saying that he would have been happier if ...

>> going back to the president hand how he was saying don't do precisely what they've done because he's fearing this slowdown in the economy, how rare, how unprecedented is it to have a president speak up and insert himself the way he has? >> well, he's tenacious. we know he's tenacious. >> tenacious. >> but believe me, we have seen other elections going into a fall interest rate environment during the election cycle where there has been a desire for no interest rate moves in an election cycle. so i wouldn't say this is wholly unprecedented. i would say he is exerting his influence as he alway...

We face serious inflation risks. the tax cuts do cost money. we're going to have to raise money and raise the debt limit. that has the market suddenly waking up because donald trump has been saying stay on the dance floor. keep partying. keep dancing and people kept piling in and doing that. well, somebody realized today and sord of the end of last week, you might need to be sober at the party. the economy is still very, very good, but it got way too frothy. five months of moving up and no corrections? time for a tweak. >> jonathan, it has been his go-to subject. it's been what he has touted. ...

Administration talk about i every chance they can. and also the media covers it. but the reason it's so risky is that markets are irrational. the obama administration very rarely talked about the markets because they understood this. remember, janet yellen just left her seat last week, and she was the fed chair. we had very positive, easy money economic policy. and you have to put into perspective the fear of missing out we've seen in the markets over the last year. president trump has had probusiness policies. deregulation, the market likes that. we're at full unemployment, but we face seriou...