Fmr. Fed Vice Chair Blinder on FOMC Decision, Inflation

Alan Blinder, former Federal Reserve Vice Chair and current professor at Princeton University, provided insights on the Federal Reserve's newly outlined five task forces, emphasizing the market's keen interest in the Fed's communications strategy and its approach to using existing economic data.

Blinder clarified that while the Fed produces some data such as industrial production and interest rates, most critical economic indicators like inflation, unemployment, and GDP come from other statistical agencies.

He speaks with Romaine Bostick & Katie Greifeld on "The Close. " (Source: Bloomberg)