president biden's nominees who are black women and they include cecilia rouse, nuria fernandez, adrian todman, alexis and eleanor. we hear this preposterous notion that somehow the race of the candidate is what's going on here. the fact is we have a difference of opinion about what qualifies a person to serve on the fed and it's not some tiny obscure minority that is concerned about lisa cook's qualifications to be fighting inflation when she refused to articulate any plan for dealing with inflation. it was the majority of the senate that just voted. we just had the vote. and i should also point out that what's the difference here? the difference is we want to vote and you just heard the chairman, block a vote on president biden's nominee to chair the fed, powell and philip jefferson. the chairman doesn't want votes on either of them. apparently not on both of them. he just objected. i would remind everyone that for months now we have been trying to process the fed nominees and our democratic colleagues refused. what we said was there are five nominees. only one of them is -- we're goi

rouse, she chairs the council of economic advisers for president biden. welcome back nice city you. >> i'm happy to be here. >> so obviously, a strong jobs report better better wages how do we square a jobs market like thas that is on fire with some of the signals we're getting like a yield curve inversion? which typically signifies recession? >> the report that we got today on the labor market really suggests that the u.s. labor market in particular continues to make robust gains which we know has been so important since the labor market suffered so tremendously at the beginning of the pandemic we have 93% of our emp ployment back we have seen an increase in labor market participation because workers have been hesitant to come back due to the virus, but workers are coming back they're seeing an increase in nominal wages. unemployment is down to all worker whose want a job can find one. we always hear tracking the risk to the economy going forward, but our economy is in a very good place household balance sheets remain strong, even accounting for inflatio

rouse, we'll get her take on the jobs report at 3:00 p.m >>> my next guest thinks the recession fears in the near-term are overblown. he's not worried about the yield curve inverting. he says it borders on absurd that normalizing the easiest policy since the 1970s would cause a recession. he's overweight on u.s. equities, and underweight real estate joining me is managing partner and director of research at iron sides macro economics. do you have the concern we could see a 2023 recession event because they're so far behind the curve or does not even that wor bother you >> i'm not particularly concerned as much as chairman powell may admire paul volcker, there was a long drawn out political process to get anywhere near the will to do who volker did starting in 1979 and on but yeah, i just think we have to step back and realize what the setting was. now, i agree that the rate of change of policy tightening is a factor, and you can certainly shock the markets and economic activity i've been arguing that policy was counterproductive at the current setting. house prices going up 1.5% per m

president biden's nominees who are black women and they include cecilia rouse, nuria fernandez, adrian todman, alexis and eleanor. we hear this preposterous notion that somehow the race of the candidate is what's going on here. the fact is we have a difference of opinion about what qualifies a person to serve on the fed and it's not some tiny obscure minority that is concerned about lisa cook's qualifications to be fighting inflation when she refused to articulate any plan for dealing with inflation. it was the majority of the senate that just voted. we just had the vote. and i should also point out that what's the difference here? the difference is we want to vote and you just heard the chairman, block a vote on president biden's nominee to chair the fed, powell and philip jefferson. the chairman doesn't want votes on either of them. apparently not on both of them. he just objected. i would remind everyone that for months now we have been trying to process the fed nominees and our democratic colleagues refused. what we said was there are five nominees. only one of them is -- we're goi