joining us as betsey stevenson. she is a professor of economic and public policy at the university of michigan. she was also a former chief economist at the u.s. department of labor. take you for joining us. a real pleasure to have you on the program. it seems like the last couple of weeks, recession fears have grown stronger and stronger. but over the last couple of days, people have been downplaying that. what is your take on the possibility of construction -- contraction in this economy? betsey: any time people see a boom going on, there is a fear of recession, but the truth is that recessions get killed by something. there is a lot of fear about what is going on locally with the -- globally with the russian invasion of the ukraine pushing up world food prices, energy prices. that is definitely where are risks lie. when you look at what happens in the u.s. economy right now, we see strong demand, and we see strong supply. overall, i don't see any imminent threat of a recession. i see hiring continuing, and i see