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CNN CNN Tonight June 4, 2024 01:19:00

Is very scary is the gains we ve made coming out of covid could go backwards. we had a bad sign of that today. investment, we saw a big decline of cratering, the housing market is starting to fall back, which is scary. we saw a decline in business investment, which is scary. consumers also pulled back but not in as bad. the fact we have low unemployment is a buffer. but how long that buffer lasts and how meaningful it is, we ll see. can you course correct? the idea of thinking about, is it psychological and the idea of how one feels. often times policy decisions are driven by how constituents are going to feel. you ve got the inflation reduction act. will that n your minds, bring this down? will it sort of align the feelings of the electorate and those who are consumers of what s actually in the bill? ....

Housing Market , Inflation Reduction Act ,

CNN The Situation Room With Wolf Blitzer June 4, 2024 21:38:00

The fact we have been creating 375,000 jobs per month the last three-quarters. that s 1.2 million jobs in just one quarter alone. very low unemployment. that back drop is a really important buffer against these unacceptably high prices. but nobody, nobody here in the white house is downplaying it. to the contrary, we are dispatched to do everything we can to ease the pressures. the numbers are really really significant as well. larry summers sounded the alarm early on last year on inflation here in the united states. he tells me he expects a recession within the next two years with unemployment rising above 6%. does that line up with your view inside the white house? reporter: not necessarily. in other words, first of all, nobody has a crystal ball. even someone who has been as remarkable as impressioned as larry has. there s a great deal of ....

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FOXNEWS Americas Newsroom June 4, 2024 13:03:00

nationwide poll found 58% of americans are concerned they don t have enough savings lined up. 43% are expected to fall deeper in debt in rising inflation. in july the consumer confidence index slipped for the third straight month. the lowest point since president biden took office. and the administration that has long insisted this inflation is transitory, of course, doesn t have a best track record on predictions but placing full faith in the fed to execute a soft landing cooling inflation without triggering a recession. we have a strong labor market, that s why household balance sheets i know they are struggling and inflation is a problem but balance sheet addressing inflation are higher than they were at the beginning of the pandemic. spending in investment continues. we have a buffer for the fed to raise interest rates. the white house has been arguing that even though two ....

American History Two , Hunter Biden , Doesn T , Track Record , Consumer Confidence Index , Labor Market , Household Balance Sheets , Cooling Inflation , White House , Interest Rates , Balance Sheet ,

CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:09:00

The efforts of the federal government and the reserve to get us through the pandemic, capped off by the american rescue plan that was signed by president biden, we coulme into these headwinds from a position of strength. never before have we seen the federal reserve increasing interest rates with such a strong labor market. so aim com i concerned? absolutely. but we have a buffer for the fed to address inflation without causing a recession. but the federal reserve didn t expect to get the inflation to get this bad to begin with. and we heard from an economist just today. listen to something that he had to say. it is really unusual when they raise interest rates by this of this past. and it tells you that they think that they got behind the curve and they are trying to catch up, they are trying to bring down inflation which has gone over 9%. so was the fed behind the ....

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