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Slack.com slash DHQ. This is CBS Eye on the World. Here's John Bachelorette.

Wall Street Journal reporting. The US economy grew at a solid 2.9% annual rate last quarter,

but under this year with less momentum as rising interest rates and still high inflation,

weighed on demand. The October 2 December period kept a year of economic slowdown with a growth

of 1% in the fourth quarter of 2022 compared with a year earlier down sharply from 5.7%.

I stopped the numbers and go to my guide on whether this is going in a good direction or

a bad direction. Verenick, to regime the Mercatus Center. Verenick, you have written and you

have spoken very carefully that the Federal Reserve in order to return to price stability

needs to stay the course and raise interest rates, perhaps to 5, 5, and a half, and not

be tempted by the Wall Street speakers or the Congress to slow down despite the unemployment

that we see across the land now we're told more than in the tech sector. What is your

measure of this GDP report? It's in the rearview mirror, but does it tell us we're moving

in the right direction for the monetary policy? Good evening to you.

Good evening. Well, yeah, sadly, we're moving in the right direction because the economy

is slowing down. I mean, as you mentioned, like massive layoffs in a lot of tech companies,

but it's unclear that this is going to be enough. Now, while it's going in the right direction,

the real risk as you and I've talked about many times is a political risk, is the pressure

...