Zentner Says Inflation Is `Monkey Wrench' for Consumers

Apr. 2, 2011
April 1 (Bloomberg) -- Ellen Zentner, senior economist at Bank of Tokyo-Mitsubishi UFJ Ltd., and John Herrmann, senior fixed-income strategist at State Street Global Markets, talk about the U.S. employment report for March, economic growth and inflation, and Federal Reserve monetary policy. The U.S. unemployment rate unexpectedly dropped to a two-year low of 8.8 percent in March as employers created more jobs than forecast. Zenter and Herrmann speak with Matt Miller on Bloomberg Television's "Street Smart." Bloomberg's Adam Johnson also speaks. (Source: Bloomberg)
Correction: Clarification: