Hey, welcome to the Week in Bight, presented by the Wall Street breakfast.

I'm Daniel Snyder. Are we headed for a recession or not? That's on everyone's minds, and I have our headline

guest telling today, telling me that this week that it is highly premature

to project recession when the feds rate hikes have barely begun. So let's go

ahead and bring him into the conversation. Charles Lieberman, partner and chief investment officer at

advisor's capital management. I want to give you a moment to either defend or change your stance on this recession quote

after the FOMC minutes we received this week.

So why don't you go ahead and share with us your thoughts.

Are there any updates or do you still feel the same way? I still feel

the same way. You know the Fed clearly has a long way to go they've started light

they're behind the curve it's even borderline irresponsible.

But they've gotten started.

Raid hikes lie ahead, multiple rate hikes.

And the objective is to slow down the growth of the economy so that inflation comes off the boil.

Inflation is running very hot.

That is clearly out of line with the Fed's objectives,

and they need to bring it down.

So this kind of goes in tune, because you also

mentioned in your note about unemployment, right?

We just got the initial jobless claims this week as well. We see that unemployment continues to

drop more and more. Although we have had other marketplace authors here on

seeking out but continue to tell us that yeah growth is happening but real wages are actually negative so how long

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