Guggenheim's Scott Minerd on March Jobs Report & Weak Inflation

Scott Minerd, global chief investment officer of Guggenheim Partners, which oversees $220 billion, told TheStreet's Scott Gamm that the month-to-month jobs numbers are erratic. 'I don’t make too much of any particular month’s jobs report, especially given the tendency to get such high revisions,' he added. Economists expect the economy to add 247,000 jobs in March, though the official numbers, along with average hourly earnings, are released Friday morning by the Bureau of Labor Statistics. Minerd also comments on why the inflation rate doesn't necessarily need to reach 2% in order for the Federal Reserve to raise short-term interest rates.