that you make fair peter is going just to give a grade if 20 seconds if you can grade the economy would you give it? and d, 8d. support deet like david. mentally passing. it s a growing well but the rest the country is doing poorly. arthel: will pick that up at another time peter morici former u.s. international trade commission chief thank you for joining us. we will be right back.
dream. arthel: president biden has been talking up the success of bidenomics. it does not look like americans are buying it. fox news poll finds 80% of those surveyed say the economy is in bad shape. a majority disapprove of the president s handling of it. twice as many say he has made the economy worse not better but let s bring and now peter is a former u.s. international trade commission chief and economics and business professor at the university of maryland pizza peter, let s start here. low unemployment rate 3.5% plus low inflation rate at three-point to percent. plus high how does this add up for people s pocketbooks and household spending? the present program does benefit some people. in the green industries if you are building cars if you work for ups and so forth. but for most people they are not
march of 2022. powell will testify to the senate about policies thursday. former u.s. international trade commission chief peter morici joins us to discuss what this means and peter is good at putting this in simple language. we just heard the fed chairman say getting inflation back to 2% has a long way to go. if that is the case, why did they policy interest rate hikes? using money and inflation is good for workers, wages will rise faster than inflation. he has put several people on the board who are what we call doves and in reality this was a compromise if they believe they been aggressive so far so instead of stopping they say we will pause. i expect to more rate increases in july and september and probably more after that because the fed is consistently
regardless of the memory think of 3.7 at the jump from 3.43.7 unemployment more than 300,000 jobs created just this last month is a strong of a very strong labor market and a resilient economy. it s important to actually put those two together and see how we see the trajectory as we look at the economy continuing to grow. jon: white house press secretary touting another strong jobs report despite a jump in the unemployment rate. how s that going to affect inflation as well as interest rates? let s bring in former u.s. international trade commission chief economist and university of maryland business professor. also a very smart guy. 339,000 jobs added, peter. the white house obviously pretty happy about that. but what does it do to the inflation numbers? the job market is red-hot and or wages are rising very rapidly
sump slide predatory contracts and biting them to a deal below their market worth. even if they enjoy a prosperous and pro career later. next we see some deals where the student athletes give away their name, image, likeness or the image right perpetuity rather than for certain amount of time. lawmakers say student athletes must be savvy about contracts and taxes for an il that is on top of their studies and hours playing the sport. what s we have to ensure the players welfare is a top priority for the athletic programs. but at the ncaa cannot solve the issue it s unclear why people believe that congress c can. on capitol hill, chad pergram fox news. all right here we go. is your job safe from artificial intelligence? that is a real concern for millions of americans who are at risk of having a job by this groundbreaking tech. peter is here, he s a the former chief of the u.s. international trade commission and is a