But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view the other day, i think it was just a week or so ago, that inflationary risks are also asymmetric right now. Im much more afraid of people losing their careers and life that they built because they dont get back to work in time. Im more concerned about what that will do not just to their lives but to the American Economy. Im more concerned about that than which exists with higher inflation. In our
Through sag after. Hello, everyone, i am Chris Jansing in for stephanie ruhle. Its friday, february 5th. What a week its been. Breaking news, the first jobs report of the Biden Administration is in, it shows modest job gains, 49,000, slightly fewer new jobs than expected. The Unemployment Rate came down to 6. 3 from last months 6. 7 . But, and this is important, both november and decembers jobs numbers were revised, painting a picture even worse than previously thought. Bottom line, the recovery may be stalling, and theres still a ton of economic pain thats devastating large parts of the country, nearly a year after the pandemic began. But help may be on the way after working through the night and into the Early Morning the Senate Just Passed a budget resolution, a critical step in getting a new relief bill through. The vote was 5150. All democrats on one side. All republicans on the other. Vice president harris casting the tie breaking vote for the very first time. Were going to hear
Has had with lawmakers this week. This is what he said in the last hour. We cant do too much here. We can do too little. We can do too little and sputter. The end result is, its not just a Macro Economic impact on the economy and our ability to compete internationally. Its peoples lives. Real live people are hurting. We can fix it. We got the first jobs report out under President Biden. Its a better report than december. Overall though, we have a long way to go. 49,000 jobs were added last month. The Unemployment Rate fell to 6. 3 in january. We will take a closer look in moments. I want to start with the action in the capitol. We have monica alba at white house, jo ling kent with the jobs report and leigh ann caldwell. President biden will deliver economic information later this hour. What can you tell us about the president s economic focus today . Its the first event, the fact that the white house is having these coronavirus briefings now three times a week from Health Experts and o
I think it was an effective measure. The idea now is we have to hit back hard. We have to hit back strong if were going to finally put this dual crisis of the pandemic and economic payment engendered behind us. With respect to larrys point, one thing is just wrong which is our team is dismissive of inflationary risks. We have constantly argued the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to put this virus behind us. I want to quote Jerome Powell who strongly reiterated this view the other day. I think it was a week or so ago that inflationary risks are also asymmetric. He said, im much more worry about falling short of a complete recovery and losing peoples careers and lives they built because they dont get back to work in time. Im more concerned about the damage that will do, not just to their lives but to the United States economy, to the productive capacity of the economy. Im more concerned abou
And a sudden turn of events. A freshman republican with a documented history of publicly supporting dangerous and violent Conspiracy Theories refusing to back down when faced with her own words and also a Republican House conference that despite a dramatic meeting last night, that went late into last night, they have decided to do nothing to rebuke her and what she stands for. So today there will be a full house vote on a measure that will strip Marjorie Taylor greene of her committee assignments. A vote that will also force republicans to go on the record on where they stand when it comes to the Conspiracy Theories that led to the January 6th Insurrection on capitol and are being embraced by some of their own members, some of the new members. And as you could see in Marjorie Taylor greene. Well hear this house from the white house. Theyve taken a Firm Position they are not going to discuss Marjorie Taylor greene from the Briefing Room. But will the president s Press Secretary have a r