Fed focuses on longer-term trends, not day-to-day movement: Former Fed governor

President Trump has suggested that the U.S. should refinance its debt. This comes at a time when interest rates are falling, with J.P. Morgan CEO Jamie Dimon saying the bank is preparing for zero rates. Sarah Bloom Raskin, former Federal Reserve governor and former Deputy Treasury Secretary, joins CNBC's "Squawk Box" team with her thoughts.

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