but there s also the strong data coming out of the labor market. neil: jerome powell said this even after he and his fellow fed members unanimously hiked the interest interest rates .5%. so does jerome powell know something we don t know? the official number that might prove we re in a recession doesn t come out till tomorrow morning. here s powell sounding like the president showing no such concern today. so what to make of it? we re all over it with connell mcshane on how americans don t care what they re calling it, this recession is real and they re having a devil of a time dealing with it. edward lawrence on how the fed plans to handle it. and michael moore on how if a hard landing can be avoided. welcome. i m neil cavuto. first to lawrence on the move that a lot of people expected but the reaction that many did not. edward? it s very interesting that the federal chairman saying that we re not in a recession and we can avoid a recession and taking the same talking po
gerry baker that wall street loves low interest rates. they re addicted to them. so they love the last few years of these virtual zero interest rate policies. that s point number 1. point number 2, jerome powell has been wrong, wrong, wrong the last ten months. he said it was transitory, he said it was we peakand so on and it s gotten worse and worse. i don t think he has a lot of credibility in terms of telling us where inflation is next. the third point i would make is, he s right that this is a weird kind of recession. i ve said on your show, we re in a soft recession right now with contractionary growth. but it s right that it s a strong employment number. so we ve had this almost full employment recession. i tell you what i think is the underlying weakness where jerome powell and joe biden and members of congress are missing the picture, this is what i call a cost of living recession. so the average worker because of this high inflation, neil, has
exchange. it s interesting because here is sean hannity once again giving advice to the white house. not just advice but a point by point 5-point plan what they need to do. he says, quote, no more stolen election talk. that s point number 1. point number 2, yes, impeachment and 25th amendment are real and many people will quit. these are going to be critical points. in response kayleigh mcenany replies, quote, love that, thank you, that is the play book, i will help reinforce. i want to add one more. there s another exchange where hannity says key now, no more crazy people. and cayly mcenany says yes, 100%. i think it s fair to say the crazy people have stuck around
testify and is cooperating. it is apparent from this exchange that they have her text messages. and let me read you part of this exchange. it s interesting because here is sean hannity once again giving advice to the white house. not just advice but a point by point 5-point plan what they need to do. this is january 7, the day after january 6. he says, quote, no more stolen election talk. that s point number 1. point number 2, yes, impeachment and 25th amendment are real and many people will quit. these are going to be critical points. in response kayleigh mcenany replies, quote, love that, thank you, that is the play book, i will help reinforce. i want to add one more. there s another exchange where hannity says key now, no more crazy people. and kayleigh mcenany says, yes,
shannon: i agree with you. it is very offensive to people in washington when people are linked together. she was working on the dossier. let me continue. point number 2, bruce ohr, not to mention the fact he spent ten years investigating russian mobs and this type of russian oligarchs, he talked to mobsters and gangsters. it has nothing to do with the russia investigation. the russia investigation it had nothing to do with carter page. shannon: they found a lot of information that leads to questions about what triggered this.