jonathan ferro and i will be in washington this week, speaking with adam posen, who suggest that 3% ishe new 2%. where is the new 2%? john: the new 2% should be sub 2%. the work on what consumers believe about inflation, they believe inflation is bad. posen and others may talk about a faster inflation rate, but the faster inflation rate is what is killing this economy to the extent we are being hurt right now. that's a problem. households do not like inflation because it erodes their finances. they see down the road some action to be taken to rate inflation pressures in. for more than two decades, relatively stable 2% inflation rate. can we keep a stable 3% rate? history suggests not. jonathan: they don't talk about flexible inflation target anymore. what do you make of that? john: in september 2020, when the fed introduced we are going to average 2% inflation, they really contributed to getting inflation out of the bag. it wasn't just the average inflation targeting, it was the backward looking. we have to hit 2%, maximum employment. before they even began lifting off on rates. if you

mr. posen is a political science professor at mit. professor presidents, good to have you with us to night, either in the, in the past 5 months or so. i've spoken with numerous military analysts from key to london to washington. and they've all said the same thing if we give ukrainians the weapons that they need. they will win if we don't, this will be a war of attrition. are they wrong on both counts here? well i think us the craniums are resupplied. ready sufficient weapons from the wes they can properly continue to defend most of the rest of their country with pretty good probability of success. the issue here. ready is, can enough weapons be provided to ukraine and you can ukraine build enough combat units and kind of power to overcome the russians in the areas that they've taken? so the situation switches or the ukrainians will be fighting out numbered in an attempt to mount a counter offensive to take back real estates. the russians will be eccentric. this is a very, very daunting task, not impossible, but very daunting. we know that the united states is providing the lion's sh

its owners have been using goats to manage vegetation girl on the 4 acre property like that go just posen and judging from these images of 10, a crate job to now, this isn't the first of herd of goats being. usually they do that here. they're trying to control the vegetation of even had some relatives use goats 6th afternoon. seven-bedroom property is listed at just over. going to drum roll. please. 7 and a half million dollars. the goats, foreigners, however, are higher separately. so you have to hire those goats if you want them to continue to keep up the lawn. there. i will coming up in the next hour. >> a coroner in the east bay is expected to release more details about the death of tyrell wilson weather break down. what you can expect in a live report. a local health officials expressing a frustrated they are with the federal response to monkeypox. hear why they are calling it slow and inadequate. and polio has been detected for the first time in nearly a decade in the state of new york. doctors are using this time to remind everyone to get their vaccines will be right back. it's bea

we're going to talk to adam posen in a few days, and he says the new 2% is 3%.o you have a .6% or 5% where the dialogue changes, because then it's way harder to push inflation lower? dean: i don't think it works quite like that, tom. i tend to think of it more as the different parts of inflation. so we know goods inflation is already coming down, and if you talk to industrial analysts or people that are following those companies, they're telling us prices are falling in those industries already. and we're seeing it in the c.p.i. and core goods inflation already falling. the services are really what's going to determine how far we can fall. and, you know, i think that it's realistic that we fall down into the 3% range. whether we can get down below that on core is a question mark, and it really depends on how rapidly wages are rising at that point. tom: let's go to the rate of change, and i don't mean mets middle relief, they're killing it this year except for another team up in bronx. but dean maki, where's inflation in 60 days, 90 days? how rapidly do we come o

jonathan:jonathan: that was adam posen, the peterson institute president.go, we heard from the british prime minister, boris johnson, prime minister no more. in our future, a new prime minister. we don't know the timeline for this leadership handover, if you want to call it that. the prime minister suggested in the last 45 minutes we will find out next week. tom: he said we will find out next week, we got to get to the weekend. they don't do sunday talk shows in london. how do you get to next week? what are they going to talk about? how do you get to next week? i don't see it. jonathan: we've got to game out for the next prime minister is, when, if we get an election this year, next year, no idea when. tom: this is a really serious moment for this nation. jonathan: serious moment for this nation. for the rest of the world, do they bat an eyelid. tom: its theater. jonathan: when it comes to the hierarchy of issues, this does not future. tom: we do this with two guests from the white house. annmarie hordern is with us. you are in washington. for those of you

with a trip from bavaria to madrid, across all of the chaos of european politics, the shock that adam posenoned earlier on some autocracies in eastern europe and such. now,, this historic moment for the united kingdom. how would you suggest mr. putin sees this through the russian prism? maria: yeah, and he will see what looks like, in principal, ms. ukrainians love boris johnson, alongside the polish, he is definitely top one. they love him, they love the way talks about russia, they love the fact that he is so tough on vladimir putin. if you ask the average ukrainian, do you know who boris johnson is? they will tell you yes. i'm not sure if you ask about mario draghi or olaf scholz in germany. for the russians, they will look at the political mess. the reality is, behind the scenes, nothing will change. the sanctions, they stay on. the policy is not change, presumably. for the russians, it's the weapons flow going into ukraine, which for the time being, nothing is going to change on that front. in reality, not a lie is going to change overnight. jonathan: maria, thank you, as always. in br