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Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20240604 14:08:00

Want but did this economy needs to get a handle on inflation. so i suppose i m asking, is the biden administration happy to see those things happening vis-a-vis the war on inflation? well certainly i think that, you know, the plans that the president put out there to tackle inflation in a lot of cases are working with coming down incrementally. we d like to see it come down more than that. the supply chain issue added concern to the inflation number and gas and what opec has done now is zis is a pointing to the president and to us and that we need to be less reliant on foreign energy and continue to move forward. some of the of the things that the fed have done certainly you add what the fed is doing and what treasury is doing and as an administration collecti collectively together we ll see the ip flation come down where we don t go into recession. i personally, when you say recession, you can t compare this to time to any other period ....

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Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20240604 14:22:00

Great, yeah, but. but all of the other economic issues that go is a long with it. there is a, to quote a one term democratic president, a malaise that is out there. and that is what our polls have shown in some of these key states, nevada and arizona. people just don t feel good because inflation is high, because there is so much discord and discontent in this country and that is a big part of what you re describing. i want to turn the corner since i have the opportunity to have two brilliant women on with me. s.e., to have you both, but talk about dana has been doing reporting on the races with all female candidates. and i just wonder if you could speak to that given this election and what so many voters are focused on. s.e. first and then dana. well dana has done some great reporting on this it is remarkable just how many women are running against other women in this case. ....

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Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20240604 14:07:00

Would be somewhat of a pre-pandemic time because we re not going to be able to put up 600, jobs number per month. but within the report we re seeing the health care sector fully recover and gains in the manufacturing sector which is great and the job participation rate, it zipped a little bit but it was high last month. so we re going to keep an eye on that as we continue to move forward to get more people engaged in the economy. i think you point something out that is really important and that is the irony of all of this. you as the labor sect secretary, you want to have more people employed or that is a sign of a good economy. but with inflation as high as it is now, the federal reserve needs the job market to cool, right? and it is cooling from the average of 510,000 jobs a month added in the last 12 months and wage growthal throw it is up 5%, it is been cooling off. both things that the average american wouldn t necessarily ....

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