Marc Morial: ‘Those Who Predicted a Recession Seem To Be Absolutely Wrong’

LIESMAN Let s talk ░░░░░░░░ the job market more ░░░░░░░░ Marc It has been ░░░░░░░░ tight 3 6 but ░░░░░░░░ has not been necessarily ░░░░░░░░ case when it comes ░░░░░░░░ all Americans and especially ░░░░░░░░ it comes to black ░░░░░░░░ Hispanic Americans Those unemployment ░░░░░░░░ are higher but they ░░░░░░░░ closer than they were ░░░░░░░░ do you feel about ░░░░░░░░ Fed tightening up the ░░░░░░░░ or tightening up credit ░░░░░░░░ try to slow the ░░░░░░░░ down MORIAL Well let ░░░░░░░░ say this This jobs ░░░░░░░░ today the consistency of ░░░░░░░░ creation over 200 000 ░░░░░░░░ a month now for ░░░░░░░░ two years is a ░░░░░░░░ bounce back from the ░░░░░░░░ recession It is the ░░░░░░░░ recovery we have seen ░░░░░░░░ owes itself to both ░░░░░░░░ and fiscal policy and ░░░░░░░░ response by the government ░░░░░░░░ this downturn Nonetheless what ░░░░░░░░ see is job creation ░░░░░░░░ above 300 000 We ░░░░░░░░ see a narrowing of ░░░░░░░░ black white unemployment gap ░░░░░░░░ one of the key ░░░░░░░░ narrowing that gap is ░░░░░░░░ continuous job growth including ░░░░░░░░ and training which helps ░░░░░░░░ move up the ladder ░░░░░░░░ I like the direction ░░░░░░░░ am not spiking the ░░░░░░░░ and not popping the ░░░░░░░░ but the issue is ░░░░░░░░ we have consistent job ░░░░░░░░ Now I urge and ░░░░░░░░ and hope the Fed ░░░░░░░░ pause its interest rate ░░░░░░░░ I think we are ░░░░░░░░ a place right now ░░░░░░░░ inflation has eased and ░░░░░░░░ who predicted a recession ░░░░░░░░ to be absolutely wrong ░░░░░░░░ looks like we have ░░░░░░░░ it and the Fed ░░░░░░░░ navigated the economy has ░░░░░░░░ this job creation and ░░░░░░░░ may get 200 000 ░░░░░░░░ Hopefully we ll get ░░░░░░░░ or 200 plus So ░░░░░░░░ do believe that the ░░░░░░░░ of economic growth is ░░░░░░░░ and a strong robust ░░░░░░░░ market helps if you ░░░░░░░░ reduce the black white ░░░░░░░░ gap but it takes ░░░░░░░░ than that It takes ░░░░░░░░ continued effort at training ░░░░░░░░ it requires a continued ░░░░░░░░ to a diverse inclusive ░░░░░░░░ equitable workforce by American ░░░░░░░░ by universities by major ░░░░░░░░ and government That commitment ░░░░░░░░ and is necessary if ░░░░░░░░ re going close that ░░░░░░░░ And to close that ░░░░░░░░ is good for the ░░░░░░░░ economy because the more ░░░░░░░░ we have working at ░░░░░░░░ potential the better it ░░░░░░░░ for all Americans.”