on big oil companies, saying it s either straight ahead misdirection or a deep misunderstanding of what s happening tonight, the white house hitting back, portraying bezos as part of the problem. if everybody cooperates on this, we could bring the price down at least by about a dollar a gallon. reporter: after a weekend at camp david, the president returns to the white house tomorrow for fourth of july festivities with those inflation issues top of mind on wednesday, the president will speak in cleveland, ohio, about economic efforts to help middle and low-income americans kate all right, josh lederman, thank you. the top security officer for the u.s. supreme court is making a plea to end picketing at justices homes. she wants officials in virginia and maryland to enforce laws to stop that. demonstrations ramped up after roe v. wade was overturned last month, police arrested an armed man near justice brett kavanaugh s home, charging with him attempted murder now let s turn t
alone. i think it s interesting, we had our election last night and california, with huge inflation issues. $8 now at the gas tank. the number one issue that people went to the polls now with was gun violence. these continue to hearken back to our last segment. these continue to hearken back to our last segment. jason, i suppose both leaders our last segment. jason, i suppose both leaders would our last segment. jason, i suppose both leaders would like our last segment. jason, i suppose both leaders would like to - our last segment. jason, i suppose both leaders would like to say i our last segment. jason, i suppose both leaders would like to say theyj both leaders would like to say they have the answers to this problem and to growth again, but does that rest with the banks ultimately? that 9096 ofthe with the banks ultimately? that 9096 of the answer with the banks ultimately? that 9096 of the answer to with the banks ultimately? that 9096 of the answer to inflection, - wit
focused on this. he came up the other day and talked about how the federal reserve is an independent agency and allowing the federal reserve to do what they do, as well as working across the government to bring the costs down at the kitchen table. secretary walsh, you hit on an important point that new york times pointed out well this morning when they wrote wrote bigger job gains, faster wage growth, are signs of a healthy economy, but these are not normal times. it s a fact, is it not, that we actually need this job market to cool off to bring down inflation? i don t know if we necessarily need it to cool off. i think a lot of people have different opinions. economists are have different philosophies on what we need to do here and i think what we need to do, honestly, my job is to continue to try to create better pathways into good paying jobs for people in america. at the end of the day, people want to enter into the middle class. we have to i m not saying we ignore the in
over year. that s also slowing down. you put it together, some economists, they do grow a little bit more hopeful about the idea of a soft land where the fed can tame inflation without causing recession. okay. let s get your thoughts on this. do you know when it comes to the recession fears, when it comes to inflation issues, are these numbers today good or bad? you know, i think the challenging time to read the data, but i would say this is maybe still a little too strong for comfort, if what you care about is bringing inflation down. i think we did see a nice slowdown in headline jobs numbers, but it wasn t anything like the slowdown we were expecting. 390,000 is a big number. for context in the year before the pandemic started, a typical month was 160,000 job gains. we are still about more than twice that level. and i think the wage gain explain why for the average person who is not as into the financial expertise as you, why