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This is CBS Eye on the World with John Bachelor. Here's John Bachelor.

The American Economy, Bloomberg with a Promising Headline.

Yellen, that's Secretary of the Treasury, Janet Yellen, former chair of the Federal Reserve.

Yellen sees disinflation pressures at work as hiring surge fades. Subhead,

Treasury Secretary speaks in interview on sidelines of G20. Subhead says hiring cooling

rents subsiding, supply chains loosening. All this points to the magic term, soft landing.

I welcome Elizabeth Peak, Liz Peak writes a column for the hill, a column for Fox News,

March on Fox Business. Soft landing, Liz, this would have been heretical to mention last spring.

But here it is, the Treasury Secretary, just back from Beijing, is looking at the markets,

the labor markets cooling hiring by itself after 10 hikes by the Federal Reserve.

The quote, the intensity of hiring demands and the part of firms has subsided.

The labor markets cooling without there being any real distress associated with it, i.e. no mass

layoffs. Do we believe this, Liz? Because last week, the Federal Reserve said mild recession is

still coming. Good evening, too. Good evening. I think the jury is out. Obviously, we don't have a

crystal ball, but yes, people have gotten way more optimistic that we are going to slide through

this cooling of inflation, this period where the Fed has so aggressively hiked interest rates

without a big downturn. And yet, there are still people who say, wait, we are looking at record

level interest rate hikes, record level monetary tightening, money supplies actually down

...