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romney, a republican senator who requested anonymity to discuss the messaging strategy said the latest inflation data is good news for the biden administration and speculated that senate republicans may have to recalibrate their message. all right, joining us now is chief economics chief economist of analytics. mark, good to see you. what is your sense about this recession that we have all been worrying about for over a year now? i think we have a fighting chance to get through without the economic downturn. history would say recession risks are high. you have high inflation in reserve that is raising interest rates aggressively and go back historically and that has been the case. the economy is invariably landing in recession. you know, i would say those words this time feels different to me. there s a lot of differences between now and times past. it feels like the economy is resilient enough to make its way through. job numbers that you mentioned earlier are pretty good.
reports the anticipated recession that was supposed to hit this year amid rising interest rates hasn t yet materialized, leaving some republicans wondering if they need to revise their messaging. quote, i think it will diminish as an issue over the course of the year if inflation continues to stay down and continues to go down, says senator mitt romney, a republican senator who requested anonymity to discuss the messaging strategy said the latest inflation data is good news for the biden administration and speculated that senate republicans may have to recalibrate their message. all right, joining us now is chief economics chief economist of moody s analytics. mark, good to see you. what is your sense about this recession that we have all been worrying about for over a year now? i think we have a fighting chance to get through without the economic downturn. history would say recession risks are high. you have high inflation in reserve that is raising interest rates aggressively and g
from sally or the economy. it turns, out i would ve been wrong. anytime in the last few years, if i said a recession was imminent. and that is what people were seeing and the economists and politicians. part of that is to get businesses to shift, gear and prepare for a recession. it s going to be a tough year. we have high reserve rates and it s raising as fast as they are. recession risks are higher. eventually, there s indicators suggesting that we are not only slowing down but we are heading towards a recession. that s what people are saying. and it s what people are feeling. polls show that most americans think the economy is in bad shape. and by the, way they blame president biden. but lately, the reality has been anything but bad. the economic data just keeps being pretty darn good. just reminding that the lowest pay since march of 2021, the latest job report shows that they added some 209,000 new jobs, 13.2 million jobs when
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