i want to bring in heather boushey right now, the white house council member of economic advisers i wantwant to talk about this, given that it's the issue of the morning, which is what you think or death think that nancy pelosi should be doing on this trip in the next 24 hours >> wealth, i'm here to talk about the economy this morning i think that nancy pelosi's going -- those are separate issues i think what we are really most interested in is what is actually happening on capitol hill in terms of this legislation, the inflation reduction act that is working its way through congress, that is so exciting for the american people and american businesses it's going to see investments in our economy, and it's going to help bring inflation down over time, and it's going to create good jobs, and all the while lowering the deficit those are the things the economic team is really thinking about most this morning. >> heather, i don't know that -- i'm sure you've seen it. university of pennsylvania, wharton school doing a measure of the inflation reduction act it's not much of a reduction act at a

coming up on "balance of power," heather boushey, counsel of economic advisors member will be joiningis is bloomberg. ♪ millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. >> from the world of politics for the world of business, this is balance of power with they've elected -- with david westin. david: from bloomberg world headquarters in new york our television and radio audiences worldwide, welcome. in case you have not her, the department of later released its jobs numbers and boy did they get everyone's attention. they were remarkable and higher than we expected. we turned to michael mckee, bloomberg international economics and policy responded. use whatever

joining us is heather boushey. it's the great divide.many divides and many of them are great at this point. i know what we've been told and the premise for the inflation reduction act. there are critics that say that it's misnamed and that it basically is 360 -- i'm reading from a heritage foundation piece, 369 billion to politically connected green industries to shift trillions of dollars of investment in the green boondoggles with nothing to reduce inflation, and that's the premise that the right is making just a big deception and false advertising. what do you say to that? >> well, i look at that piece of legislation and there are so many ways that this bill is going to lower costs for families so, first fl all, one of the things that folks have been fighting for for a long time is the ability of medicare to negotiate with prescription drug prices that will lower costs for millions of families who use prescription drugs that's going to put real money in people's pockets. that certainly is important. this legislation will also lower th