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Summer. >> we're stuck in a corner because if the federal reserve raises interest rates, surely that race problem. it i doesn't raid interest rates it keeps the party going aing longer but the end point is worse. >> bubbles need to be flattened out. stock market shouldn't be trade agent 18,000. >> should janet yellen sad up and make a statement and say we'll change our policy and interest rates when the world market allows us to do it. >> i don't think she reside say that. she'll say we'll change our interest rate policy when we have to when the data confirms it. she won't base it on the marke...

The president i think can set a broad outline for what we need to be doing as a nation. i think he's doing that. the work really comes from us. with our neighbors and with our colleagues. and that's exactly what should happen. but let me just say, there's a lot to be done in ferguson. a lot to be done in this entire country on the issue of race. maybe we've gotten to a point now people will quit denying we still have a race problem in the country. >> that's what i want to ask you about. it seems like deja vu all over again. has anything really changed here in the last year? >> well, yes. look,...

People? >> the other glaring thing that came out after mike brown's death, disproportionate numbers of african-americans who were pulled over in ferguson, what seemed to be a systematic or systemic problem as a way to raise revenue for the city. mayor james knolls at one point said there was no race problem in ferguson. those comments went rierl. he now says sharp decline in traffic is stops might be a sign that the police are afraid to do their job. we barely pull anybody over anymore. i have officers that tell me, i don't know what i'm supposed to do out there. i'm scared to pull somebody ov...

Specific things like you can't fire a warning shot prohibited. i've never seen that before. you can't use a taser when a person is running away from you unless they pose a deadly threat themselves. i've not seen that before. you can't use a taser to punish somebody who talks back to you. that makes sense, but i've not seen that before. >> there is one other case. a 12-year-old shot last fall. they are announcing today they might get that verdict very soon. we just had the verdict over the weekend of the other police officer who was not found guilty of manslaughter. again, we might have a race ...

To not have complete families. >> every time if if it's cambridge police ferguson trayvon martin baltimore, the president either talks about the need for more social programs early education in the case of baltimore, or he talks about a bad relationship between the black community and police officers. do you agree with him or is he wrong? do you think america has a race problem? >> i think the problem with police in the community stems from the fact that we don't introduce the police into the community at the right time. a lot of times the first encounter with police is a hostile one. they nee...