This is CBS Eye on the World.

Here's John Batchelor.

The American economy, the global economy.

I welcome Elizabeth Peake, my colleague, Fox News, columnist, The Hill columnist,

to comment on what is in front of us right now, which is an American economy

that now and again has the word slowdown attached to it. No recession now. Slow down.

And yet there is evidence in parts of the economy that it's doing very well. All this will be

determinative of the Federal Reserve's next or next or next meeting as to whether

the interest rates charge the best customers is appropriate to the economy we now see before

us at Christmas time.

Liz, a very good evening to you.

I report only as anecdote that the word slowdown is now

routine. The word recession has retired for the moment. And no one's arguing that there are changes

coming, perhaps driven by AI, perhaps by the tariffs being argued before the Supreme Court and a decision pending in these next

weeks or months. But in any event, at the same time, the consumer seems sophisticated and

straightforward and ready to start a new year. How do you see it, Liz? Good evening to you.

Good evening, John. Well, what are the reasons that people are talking about a slowdown?

First of all, hiring. Hiring is clearly not what it was during Joe Biden's era. But, of course,

we don't really have up-to-date data on hiring. And I think what you can say is that, yes,

it's lower numbers than those that were

frequently reported by Joe Biden, although then they were typically revised downward. But, you know,

we're not looking at 150,000, 200,000 jobs being added per month. We're looking at more like

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