Bloomberg Surveillance

Marty Walsh, U.S. Labor Secretary, reacts to the U.S. employment report. Randall Kroszner, University of Chicago Professor & Former Federal Reserve Board of Governors, says wage pressure is the key labor metric to watch. David Jones, Bank of America Securities Global Investment Strategist, says the Fed wants to see the whites of the eyes of inflation before they make their move. Jeff Rosenberg, BlackRock Portfolio Manager of the Systematic Multi-Strategy Fund, thinks higher wage expectations could make transitory inflation more permanent.