Inflation 2 News Today

charles. thats right. listening to the president speaking just now, youd think that we got all good news in the jobs report today. in fact, i was reading his statement from earlier on the jobs data. the first line, this is bidenomics in action. but charles, you ask the average american how they feel with what theyre bringing home, when they have to pay for groceries. seems to be a disconnect versus the rosy picture coming out of pennsylvania avenue. i want to dig into the numbers that ...

Were americans. give us money, well go out and shop. what happens when it goes away? >> charles, thats it. you have the president going around crowing about how good the consumer spending is and how healthy and resilient the consumer is. look at all that spending. doing great. theyre spending more but theyre getting a lot less because of inflation. again, remember, inflation over his term is up 16%. so this is an artificial high if you think about it. theyre doing it all on credit. consumers are...

Where do you see us going from here and you mentioned the fed, dave. are you worried that jay powell will go too far? that happens to be a major concern of mine. >> mine too, charles. you and i have shared this same concern the last six months. if you look at where the jobs were at, education is, government and healthcare, are you -- in what world does an interest rate of .8 or quarter point change that hiring rate? what we need to look at are the sectors that are sensitive to interest rates. th...