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Its like hogs. if they detect a weakness, they will go after it. it was in response to a question of whether they anticipated the reaction in the markets and they will taper back the $85 million they put into the bond market. the taper. all the market turmoil, many are wondering what state the economy is in. the report card is in. i asked the best market watchers to grade the economy. here is what they say. >> i would give our economy a b to b plus. its getting better, but not fast enough. >> th...

Economic weakness, wall street will freak out because the economy is not strong enough so its hard to tell what investors want to see here. >> well its easy, they want to be goldilocks, cant be too hot and cant be too cold. the problem is of course youre usually not goldilocks for too long. youre either too hot or too cold. todays jobs report was in the middle and the interest rates are right in the middle particularly on housing. they bounce back reflecting better growth in the economy but were...

This question while i ask stephen first. stephen moore who letter grade do you give the economy right now? >> you know, hed gied id give minus but im optimistic about the future. you take into account corporate balance sheets still look beautiful, american companies are lean, mean fighting machines, you have the low interest rates, youve got the housing recovery. im pretty optimistic we may see that b minus turn into a b plus. >> jeff, your turn. >> im right there, too. i think a b minus, this e...

And paul volcker what is what he said about the feds recent moves. >> i know its fashionable to talk about a dual mandate, the policy should somehow be directed toward two objectives of price stability and full employment. fashionable or not, i find that mandate both operationally confusing and ultimately illusory. >> two things ill say about paul volcker, he is so tall. the podium is two feet below him. second of all, consumer prices relatively stable. no question the feds moves are helping sto...

Down and then youve got a very substantial fiscal drag from higher taxes from the sequester from a lot of stuff coming in negative from the government. >> mohamed, let me give you this piece of positive data, gallup poll out this week showing more businesses are hire, thats the perception of 37% of people surveyed said their companies are planning to increase payrolls, 37%, that hes the highest level in five years. so what does it take for companies to start hiring? what does it take for them to...

Top of the hour. >> stay with us here on cnn. "your money" starts right now. 175,000 jobs created in may, the unemployment rate ticks up to 7.6%. those are the headlines but there are numbers you dont see every month and you need to pay attention to them. im christine romans. this is "your money." the most important number of all is your unemployment rate. its either 0% or 100%. either you have a job or you dont but outside your personal statistic heres whats going on in the labor market, over...

Looking and finally the percentage of americans who have a job is just 58.6%. you have to go all the way back to 1983 to see numbers that low. mohammed el erian is the ceo of him coand austan goolsbee, former chairman of the presidents council on economic advisers, well talk through and walk through whats happening in the market. what is the biggest thing standing in the way of the market performing better than this? >> a couple of things are standing in the way. there isnt enough demand in the ...

Administration and its policies coming up from the recession thats holding back the economy. i want to give you a chance to respond to that. >> well, two things. one, they had that press release filled out every month since the recession, since obama came into office rather than since the recession began so i dont think the political interpretation should be the one we look at. my only view on whether policy holding things back is you see this same behavior of companies sitting on cash nervous t...

In my 25 years as a professional economist an economy thats too hot. i just reject that whole idea that somehow more people working, more investment is somehow bad for the economy. now i know theres this kind of superstition on wall street that somehow if we have good jobs numbers or if theres an increase in investment and spending somehow thats going to cause ben bernanke to take the punch bowl away but look, i think in the early 1980s when we had a big expansion we had economic growth rate of ...

Coming back stronger despite the sequester and the fiscal cliff. >> its an anti-kooenzian recovery. >> i will say something giving the letter grade ill get all the mail saying i cant refinance my mortgage, i give it an f, i dont have a job, ill give it an f. theres an economy thats doing something and a lot of people left so much. stephen moore and jeffrey kleintop great to see with you. ill give you the same letter grade i gave austan goolsbee and mohamed el erian, an "a." do you know what th...