World's central bankers will not forsake 2% inflation target, Former Dallas Fed President Fisher

AGAIN. >> HE'S BEEN CONSTANT. I HOPE EVERYBODY UNDERSTOOD ACROSS THE BOARD WITH ALL FOUR OF THOSE CENTRAL BANK LEADERS, THEY'RE NOT GOING TO FORE SAKE THE 2% TARGET. AND THEY'RE ALL PRETTY MUCH ON THE SAME PLAIN JAPAN HAS A DIFFERENT SITUATION AS UEDA EXPLAINED. BUT I SEE A CONSISTENT THEME AND I HOPE MARKET MAY VENNS ARE PAYING ATTENTION TO IT AND THAT IS THERE ARE DETERMINED

ALL OF IT, PARTICULARLY ENGLAND, THE ECB, AND THE U.S. UNDER POWELL, TO SLAY THE INFLATION DRAGON AND THEY'RE NOT GOING TO GIVE UP. EVEN AT, AS POWELL SAID, WHAT MAY BE A SIGNIFICANT SOCIAL COST WHAT HE'S REFERRING TO THERE IS UNEMPLOYMENT AND EMPLOYMENT. BUT THERE IS ROOM TO GO. YOU HAVE TO REMEMBER WE'RE STILL HAVING, AS WAS MENTIONED WITH THE BANK OF ENGLAND. WE IN THE

UNITED STATES ARE HAVING HISTORICALLY HIGH EMPLOYMENT AND THERE'S STILL FURTHER ROOM TO GO. ONE OTHER COMMENT ABOUT WHAT I JUST WASHED AND I'VE BEEN WATCHING SINCE SARA STARTED THE GREAT INTERVIEW. BAILEY HAS GREAT EYEBROWS. DID YOU NOTICE HOW DARK -- >> DON'T UNDER ESTIMATE THOSE EYE EYEBROWS, RICHARD, YOU'RE RIGHT. >> HE ALSO ARGUED THAT BREXIT IS NOT A FUNCTION OF THE INFLATION PROBLEM THEY HAVE RIGHT

NOW WHICH I THINK RAISED SOME EYEBROWS AMONG SOME WHO WERE WATCHING >> HE DID REFER TO THE ENERGY SITUATION. BUT AGAIN, THE BRITISH ECONOMY IS CHARGING FORWARD. HOW LONG HAVE, AGAIN, THE MARKET MAY VENNS AND ANALYSTS BEEN PREDICTING RECESSION IN THE UNITED STATES. HOW LONG HAS THIS BEEN GOING ON? THE SPREAD WE TALKED ABOUT FOREVER. IF YOU COME AWAY WITH ANYTHING FROM THAT PANEL, THE LIKELIHOOD

OF RECESSION ISN'T UPON US THERE'S A LOT OF CONCERN IN THE MARKETPLACE ABOUT A WEAKENING ECONOMY. SARA REFERRED TO IT IN HER INTERVIEW, YOU ALL HAVE REFERRED TO IT. WE SAW WEAKNESS IN RETAIL, THE GOODS SECTOR AND YET IN OUR CASE, THE SERVICE SECTOR PROPELS THE U.S. ECONOMY AND CONSUMPTION PROPELS THE U.S. ECONOMY. AND I KEEP SAYING OVER AND OVER AND OVER AGAIN, AS LONG AS

PEOPLE HAVE JOBS THEY WILL CONSUME AS THEY GET PAID AND WE HAVE HISTORICALLY HIGH EMPLOYMENT RATES ACROSS ALL SEGMENTS. LOOK AT AFRICAN AMERICAN WOMEN THE HIGHEST EMPLOYMENT RATE IN HISTORY AT LEAST FOR THE LAST 20 YEARS WE'VE BEEN TRACKING THOSE BREAKDOWNS IF YOU GO ACROSS THE BOARD THAT MEANS CONTINUED CONSUMPTION. IT SOFTENS SOMEWHATS, SENDS HIGHER INCOMES INTO THE WALMART AND DOLLAR GENERALS AND THE LIKE, BUT

WE'RE STILL DRIVEN BY CONSUMPTION AND SERVICES AND THEY REMAIN FAIRLY STRONG. SO WHAT I HEARD FROM THAT PANEL IS, NO ONE IS EXPECTING A SEVE