Fox Business Network's Maria Bartiromo expressed concerns about an impending recession, suggesting it will be attributed to President Biden. Following a disappointing jobs report showing only 151,000 jobs added and a slight rise in unemployment to 4.1%, Bartiromo and host Charles Payne discussed the current labor crisis, emphasizing issues like high attrition and longer work hours despite slower wage growth. The conversation hinted at potential rate cuts by the Federal Reserve, which Bartiromo stated would indicate a severe financial downturn, further implying a connection to Biden's economic management.
Bartiromo stated, "if we get three rate cuts by the fed, that means you're talking about a dire financial situation. You're talking about recession!"
Payne highlighted a labor crisis, saying, "You won't see it on Thursdays initial jobless claims. You see it through attrition. People are leaving work and no one is being hired."
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