worrisome for me and harbinger of what might be coming in the future. yeah. absolutely. it s such a tough balancing act there. you know, before we came on we played a clip there from san francisco s mayor, she s joined with others who are criticizing and calling out the federal response. what more should they be doing here? w. i think there s two things. first of all, i m proud to be a resident of san francisco. we re the first to do shelter in place, and i think this is a prescient move. the two things are really hopefully a domino effect to other jurisdictions and hopefully percolating to the national level and as a result in resources. but more than that coordination. again, we saw in covid that we were different muscles beating at different times instead of one coordinated muscle, even something as elementary as reporting cases is not really done consistently from state to
with the high hydrogen. and larry kudlow was one of the first to note the concerns over frustration. he said we have never seen a quarter that hasn t been followed by a recession when you had inflation above 4%, unemployment below 5%. the reason is because you have to bring down demand by a lot. that means raising interest rates by a lot as well. it s a blunt instrument as you heard from jay powell, the federal reserve chairman. they have few options and putting the onus on is central bank, which hasn t had a great record of toeing the line and fight inflation while growing the economy. it s a tough balancing act. trace: the economy is in nor a rough go. thanks, david and susan. we appreciate it. the long list of frustrations president biden has with his aides as the crises pile up and
it s called a tough balancing act for the central bank which might possibly go into recession. neil: susan li, thanks. have a very good weekend. the market isn t looking so good, kenny. i m wondering whether today was an exaggeration and factoring in interest rate hikes. what hit them today? the reality that hikes could be bigger and more frequent? yeah, i don t think that today was an overreaction by any stretch. i m surprised we didn t see more of a sell-off earlier in the week when jimmy came out and suggested the 75 basis points. while he suggested it, he ran back and said that s not where i am. the fact of the matter is of course, a voting member of the fed. where do you see it going? so i think what to your point what you said, what
fast, effectively, and in a broad-based way. do you think the whole u.s. embassy should be evacuated rather than most but not all? i don t know. as a member of congress i can t sit here and say that i have the real time information and the intelligence to make that decision. that s a decision that i think the secretary of defense, the secretary of state, the national security council, and the president have the information to be able to make. part of the problem is we don t want to remove capacity that we actually need to process these evacuees, to process these applications and these people trying to apply for evacuation. so there is a balancing act between keeping the resources in that we need to keep in, to help facilitate the evacuation, but also removing folks for their safety as well. it s a tough balancing act. but sitting hear today i don t have the information to tell you how that balancing act should be made, you know, as of today. congressman jason crow, thank you so m
homes, that receive some federal funding unless their staff are vaccinated. it is important to note that those discussions remain in the early stages. it is up clear how far the administration will decide to go, a lot of headlines to get to this hour. we begin in florida. the current national epicenter of the pandemic today, leyla santiago joins me now. so school is opening there. several school districts are getting around or trying to the governor s executive order on masks in schools by requiring only employees to wear them. what kind of dance are they being forced to do here to institute what are kind of basic public health measures? reporter: right. some school officials telling us it is a tough, tough balancing act, jim. let s start with orange county. just announcing that they will be mandating masks for employees. all of this coming after we ve seen this surge in hospitalizations as well as