(vo) give your business an advantage right now, with nationwide 5g from t-mobile for business. unlock new insights and efficiency, with leading ultra-capacity 5g coverage. t-mobile for business has 5g that s ready right now. slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. these are the unfortunate costs of reducing inflation. i just want to translate what jerome powell just said. what he calls some pain means putting people out of work,
slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. these are the unfortunate costs of reducing inflation. is raising interest rates again a mistake? how likely do you think it is that a recession is coming if the interest rates continue to go up? i just want to translate what jerome powell just said. what he calls some pain means putting people out of work, shutting down small businesses, because the cost of money goes up, because the interest rates go up. so it sounds like you do think it s a mistake to raise interest rates again? i am very worried about this because the causes of inflation, things like the fact that covid is still shutting down parts of the economy around the world, that we still have supply chain kinks, that we still have a war going on in ukraine that drives up the cost of energy, and that we still have these giant
book. how people can move from where they are if they are participating in these types of things to a place where they are no longer doing that and they are contributing in a meaningful, positive weigh to everyone around them. surgeon general, i wish we had more time. congratulations on the book, transcend fear. i appreciate you joining us on hannity. don t check your 401(k) balance tonight because the stock market had one of the worst days in months. investors were reacting to a speech from fed chairman jerome powell who said he is committed to fighting inflation no matter what. have a look. reducing inflation is likely to require a sustained period of sustained growth. moreover, there will very likely be softening of labor market conditions. while higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households
story. reporter: the economy is looking good so far. the white house hailing a monthly drop in consumer prices. a lot of good news in the economy. our focus here is to support households, keep our eye on the ball on inflation and hopefully come out the other side with steady and stable growth. reporter: with inflation still at a four decade high and this morning from the fed chair. while higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. reporter: the deceleration presenting a glimmer of optimism for white house officials. buoyed further by a nearly 7 point jump in august consumer sentiment, signs of progress president biden pledged to deliver, capping a whirlwind month of legislative victories. we ve done all this, but then our critics say inflation. you mean the global inflation caused by the worldwide pandemic and putin s war on ukraine? we re making progress.
can move from where they are if they re participating in these types of things to a place where they re no tf that and they re you know, they re contributing in a meaningful, positive way to t everyone around them. surgeon general ladipo, i wish had congratulations on the book. transcend fear and appreciate you joining us on hannity now. well, don t check your 401ke balance tonight because the stock market just had one of its worst days in. months. investchai a speech frormanm fed chairman jerome powell who said he s committed to fighting inflatio is n no matter what. have a look at reducing inflation is likely to require a sustained period of below trend growth. moreover moreover, there will very likely be some softening of labor market conditions while higher interest rates, slower growth and softer labor market conditions will bring down inflatioer laborn. also they will also bring some pain to households and businesses.