BofA's Michelle Meyer discusses inflation risks in the economy

It has to be persistent inflation, so it'd have to be strengthening the real economy, bringing down the unemployment rate, bring up wages, said Michelle Meyer from Bank of America. "And that's what the Fed will get excited about ... but they're not going to react." Michelle Meyer, BofA Global Research head of U.S. economics and Russ Koesterich from BlackRock joins 'Closing Bell' to discuss the economy moving forward.