Welcome back to my Saturday coffee klatch with Heather Lofthouse, executive director of Inequality Media Civic Action (and my former student), when we review the highs and lows of the week. Today we look at:

— Friday’s extraordinary labor report, showing that 517,000 new jobs were created in January, almost double the number in December. How is the Fed likely to react?

— Kevin McCarthy’s moves on the debt ceiling and on committee assignments in the Republican House. Why is he putting Marjorie Taylor Greene on key committees but excluding Ilhan Omar?

— Waiting for other shoes to drop — Ukraine, Trump, and the economy. What can we foresee?

Please grab a cup and pull up a chair.

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe