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

The American economy. I welcome Elizabeth Peake, a colonist at the Hill colonist at Fox

News, much on Fox Business. To comment on first monetary policy and then how we doing the

American economy and recovery coming off of sharp inflation worldwide supply chain disruptions

and now war in Europe, challenging all commodities.

The chairman of the Federal Reserve Jerome Powell before the U.S. Congress in these next

days. And I read from the Wall Street Journal summary of Mr. Powell's remarks. Federal Reserve

chair Jerome Powell said strong and sustained economic activity to start this year could

prompt central bank officials could to accelerate interest rate increases and will likely lead

them to lift rates more than they expected to combat high inflation.

Liz, a very good evening to you. The Wall Street Journal is very careful with this language

and I mean to emphasize that I am not discerning in any fashion hesitation here. We don't

know. And as Mr. Powell has taught us to say, trust the data, it depends on the data.

The data now suggests what Liz, what do we believe is anticipated for the coming Federal

...