host: victoria guida, the united states, china, and the economy.globalization is a big factor in wage growth and in price growth. there was a thought that one of the reasons inflation was low for a long time, it is easy to forget, but for decades we have very low inflation and after the financial crisis the fed was worried that inflation was below its 2% target. one of the reasons people thought inflation was low was because of competition from abroad. it is because you can have -- it is very complex because you can have countries where the labor standards are not what they are here so it is harder for us to compete on price with those countries while paying work is a fair wage. how that plays out going forward because the factors round globalization have shifted even where countries are choosing to locate their supply chains but has shifted. the dust has not settled on that yet. host: there were 263,000 jobs added, 88,000 and hospitality, 45,000 in health care, 19,000 in media and tech. one of the areas where there were jobs lost was retail. why i

host: if you want to chat about the economy, victoria guida is the person to do it with. is up first in cleveland, ohio, democrat, good morning. caller: good morning, john and victoria. that was a lot. now i do not know where to begin. jay powell, he imposed a zero interest rates on trump during his term, and trump pushed out trillions at zero interest rates, so what does that do to an economy? my original question was what happened to the republicans' job creators? every year we give them $2 to $5 trillion to create jobs, and they didn't do it. they took the money. biden had to come in and replenish everything. i sit and i watch this, and it is like insulting your intelligence! it is to the point where something has got to get. --got to give. host: loretta in ohio. guest: on the fact that the fed, you mentioned the chair jerome powell, they cut interest rates to zero in 2020 at the onset of the pandemic. there was a very deep recession that was caused by us essentially trying to mitigate the health effects of the pandemic. the fed went all out, and congress did spend tril

victoria guida talks about what economic reports show about the state of the economy. in ours spotted on podcasts sarah longwell, funder of the republican accountability project on her podcast the focus group and on the future of the republican party. watch c-span's "washington journal" live at 7:00 eastern or on c-span now, our new mobile app. join the discussion with your phone calls, facebook comments, text messages, and tweets. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2022] ♪ announcer: a congressional gold medal ceremony honoring the u.s. capitol police, the washington dc metropolitan police and others who protected the capitol building january 6 of 2021 will be awarded by members of congress led by house speaker nancy pelosi. watch live coverage tuesday morning starting at 11:00 eastern on c-span, on c-span now, our free mobile video app, or online at c-span.org. announcer: c-span is your unfiltered view of government.