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

The American economy, a welcome Elizabeth Peake, colonists at the Hill, commissate Fox

News, March on Fox Business. To comment on, the American economy, especially the data

that are so important for the Federal Reserve to understand the American economy, covering,

from the pandemic, recovering from the first and now second year of war in Europe, recovering

in general from the political turmoil of these last years. And the journal has a story

asking this question, how hard should the Fed squeeze to reach 2% inflation if we only

knew the answer? Liz, a very good evening to you. The journal is positive. This is Nick

Timorayas in the front page. Much of the work lowering inflation is done. Among the most

aggressive series of interest rate increases in four decades, 11 of them in a little more

than a year. The Federal Reserve, the interest rates have fallen to 3.2% from 9.1%. Is the

Fed done? Is the question this article is asking? Now, the joy of this is, Liz, I don't

think anybody knows. Good evening to you. Good evening, John. Really, that is so true.

People don't know what is kind of the consensus. And about every three weeks, it seems to me

that consensus changes is that the Fed is likely to stay higher for longer. Why? Because

the economy, that the recent data on the economy continues to be pretty darn strong. So, if

they feel that the current level of interest rates is not sufficient and the drawdown of

the money supply, not sufficient to get to their 2% goal instead of cutting rates by the

end of this year. And remember, just a few weeks ago, that was the expectation. Now, we're

talking about maybe they just keep rates high until they see the inflation numbers really

get down that sort of last mile. I liken it to the last mile delivery issues. Always, that's

the most problematic part for any kind of delivery network. This is sort of the last mile for

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