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Biden Balances Hot Labor Market with Inflation

CNN Political Briefing

English - March 10, 2023 21:31 - 8 minutes - ★★★★ - 308 ratings
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President Joe Biden praised the latest jobs numbers, but it’s not exactly good news in terms of cooling high inflation. CNN’s Kristen Holmes explains why this hot labor market complicates things for the Federal Reserve. Plus, some House Republicans are proposing certain spending cuts in order to raise the debt ceiling a day after Biden unveiled his budget.
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President Joe Biden praised the latest jobs numbers, but it’s not exactly good news in terms of cooling high inflation. CNN’s Kristen Holmes explains why this hot labor market complicates things for the Federal Reserve. Plus, some House Republicans are proposing certain spending cuts in order to raise the debt ceiling a day after Biden unveiled his budget.

To learn more about how CNN protects listener privacy, visit cnn.com/privacy

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