from other businesses, they feel good about their order books and sitting down with leaders from africa and over the world in the last few weeks, they are amazed by the strength of the american economy which isn t something that happened without the hard work and determination of the american people and the policy choices we have made to get out of the covid epidemic. and we also need to think about what the ukrainian people are doing for all of us in terms of not only defending the values we all stand for, but the reason that energy prices have been so high, and the reason the food costs are so high is partly because of russia s invasion of ukraine, and their weaponization of both of those things, so ending that war as quickly as possible, making sure that vision ends is not only good for our values, but also good for our economy. hey, wally, good morning, jonathan lemire, i showed the stock futures board, lots of red there. you mentioned something i wanted to follow up on, gas pric
u.s. the federal reserve yesterday raised interest rates by another 1/2 point. in its ongoing fight to curb inflation. joining us now, deputy secretary of the treasury, wally audiarmo, the latest rate hike causes a reaction. there s a lot of talk about this being more of a soft landing, what are officials in the u.s. government feeling about the strength of the u.s. economy moving forward? well, thanks for having me. it s good to be back on the show, and we feel good about the strength of the u.s. economy. we have created more jobs in the first few years of president biden s administration than at any time in the last 50 years. we see a great deal of momentum in the economy, in terms of consumer demand is still strong. i have had a chance to sit down with ceos who tell me from their perspective, they are still getting orders from consumers,