#Markets: The recession vanishes. Liz Peek The Hill. Fox News and Fox Business
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 2 August 2023
⏱️ 13 minutes
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#Markets: The recession vanishes. Liz Peek The Hill. Fox News and Fox Business
https://www.msn.com/en-us/money/markets/us-fed-officials-see-pathway-to-soft-landing/ar-AA1eESzJ
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| 0:00.0 | At TFL, we're making journeys safer for everyone, and that includes improving safety on London's roads. |
| 0:07.4 | That's why we and London boroughs are lowering more speed limits to 20 miles per hour, |
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| 0:24.8 | Such TFL improvement plan to the Mayor of London and TFL every journey matters. |
| 0:35.4 | This is CBS Eye on the World with John Bachelor. Here's John Bachelor. |
| 0:42.2 | The American economy after the remarks by Jerome Powell, the chairman of the Federal Reserve. |
| 0:48.4 | The inflation number is critical. The job's number is critical, but more importantly, |
| 0:54.6 | it's what the Fed believes is coming at us. For the last year, the Federal Reserve and its |
| 1:00.6 | economists have spoken very carefully of an imminent recession. Following the remarks by Mr. Powell |
| 1:07.1 | last week, suddenly the Federal Reserve now says America will avoid a recession. I welcome Elizabeth |
| 1:15.6 | Peak, colonist at the Hill, colonist at Fox News, much on Fox Business. There's a very good |
| 1:21.1 | even to that. Quiet remark by the Federal Reserve. Something you've anticipated for months. Where's |
| 1:26.4 | the recession? Where's the recession? We weren't ready to be completely iconoclastic and declared |
| 1:31.6 | the Fed had bad numbers, but it was puzzling that we were not seeing a recession in some of the |
| 1:38.2 | metrics that you can follow. Hotel occupancy or travel or consumer spending, and now the Federal |
| 1:46.7 | Reserve is called it off. The puzzle I have for you is, is that good news? Do we believe there's |
| 1:51.6 | no recession now? Good evening to you, Liz. Good evening. I believe that nobody knows, John, |
| 1:57.2 | and I think that's kind of where the Fed is, too. The reason that they're so shy about signaling |
| 2:04.0 | what lies ahead is because I actually genuinely believe they don't know. Remember that monetary policy, |
| 2:11.0 | monetary tightening, leads the economy by 18 months to two years even. So I think the Fed is |
| 2:17.6 | watching to see what its very aggressive rate hiking cycle is going to lead to in terms of economic |
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