Betsy Duke on Post-Midterms Inflation Outlook

Ahead of the October CPI report, Betsy Duke said the data is unlikely to alter the Federal Reserve's policy direction. She argued that labor-market and economic indicators show no weakness the Fed needs to guard against, and that interest rates do not yet appear restrictive. Duke said fiscal policy and supply-side factors have contributed substantially to inflation, but the Fed remains responsible for controlling it and should act amid public frustration over persistent price increases. She speaks with Vonnie Quinn & Scarlet Fu on "The Close."