
Roger Ferguson, former vice chairman of the Federal Reserve and former CEO of TIAA, joined CNBC’s ‘Squawk Box’ earlier Monday morning to discuss what he expects to come from the Fed.
What Happened: As the markets began to rally last week into Friday, based on the potential that the Fed may pivot in December, Ferguson said that he expects the Fed to raise interest rates by the benchmark of 75 basis points at the Nov. 2 Fed meeting.