He knows the story behind the story.

The Mark Simone Show on WOR.

Well, we bring you the smartest guests around.

Jake Novak, the great columnist, is with us.

Anne Colter, by the way, would be here tomorrow.

She had a move.

But Jake Novak, how you doing?

I'm doing fine.

I wish the markets are doing better but uh I'm doing okay

hey when I watch the Fed uh I don't know maybe years ago but I look at them now I don't

feel a lot of confidence in them do they know what they're doing it's a combination of I

think they don't really know what they're doing and by that I I mean, they're just going back to the old playbook.

You know, the old playbook says if you have inflation, raise interest rates, and that'll bring down inflation, even though that can be painful for some people.

But you know, I don't think it's working, and one of the reasons why it's not working, and we got more data on this this morning, is job market is really a huge part of the job market

is really in high demand, blue collar workers, frontline workers, service workers, and it's in such

demand that even with rising interest rates, it's not going to stop.

As long as a restaurant is in business and isn't in huge debt, they're still going to need to hire

some waiters and some dishwashers. Our railroads, no matter what's going on, they're going to need

people to work on the railroads. They have serious shortages there. So these are major, some of them

are vital businesses, like I said, the railroads or something like that, and some of them are just

the service businesses, and they're not going to reduce inflation, you know, reduce hiring. And I think it's pretty obvious right now that the Fed thinks that you won't get inflation to go down until you have massive layoffs in this country. And they can kill a lot of white collar jobs. But some of those other jobs I talked about, good luck, because there's always going to be demand for them. We need somebody else in government besides the Fed fighting inflation. That would be

Congress and the White House. They could fight inflation by lowering spending. When the government

...