This is a

This is CBS I on the world with John Bachelor.

Here's John Bachelor

The American Economy begins with the Federal Reserve, the mysteries of,

and I welcome Elizabeth Peek of the Hill,

a columnist, of Fox News a columnist, much on Fox Business.

Because right now we have indications that the Federal Reserve, more than usual,

is paying attention to each significant metric of the American economy following the rapid

rise of the cost of money, now the most expensive in decades, the cost of money. That's what the interest rates represent.

And the ability of the American people to see cuts or reduction in the cost of money

so growth will be easier in 25.

Liz, a very good evening to you.

We can see nine months ahead.

That was always the bragging of Wall Street, what the market is about not today but the but the future

the Fed however is living day to day and right now we're getting

contradictory to not so good numbers each time we have a

report a jobs report it looks cooler but then a then price reports come in and it doesn't look cooler.

Is there a way to summarize what Powell is looking for right now,

Jerome Powell, the chairman of the Federal Reserve,

is there one thing or two things he needs to needs to have in his pocket before he can be definitive about a rate cut?

Good evening to you.

Good evening. I think that's a good question. I think clearly what he's looking for is a slowdown in hiring which would be

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