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Daily, we bring you insight from the best in economics, finance,

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Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. I want to bring a Danny Blancheflower Dartmouth University professor and former Bank of

England policymaker Danny you think the feds made a mistake why? Well I do, I don't think there's any real data from the real

world that actually justifies this. I think the other thing guys right that the data looks quite good,

but actually oftentimes at times like like this the data revisions are what gets you

excuse me run cold that's what happened in 2008 and I've challenged people

for quite a long time.

Obviously the data, the GDP data is relatively strong, driven a lot by the stimulus.

But these rate rises take a while to work their way through.

So yes, the data may be strong, but the question is what

is the rate rise effects being and it'll take us a while to know. I think the

evidence is that actually that the fundamental belief they have that the NARU's around 4.5 is wrong.

There's no doubt in my mind that that's wrong. They have no explanation as to why there's

weak wage growth. So I think this these rate rises at the eight of them

with a slowing global economy will kill off growth. So I think you have to sit there and say

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