Wall Street titan Robert Wolf — former Chairman & CEO of UBS Americas and top economic adviser to President Obama — joins Tara Palmeri to unpack a brutal jobs report that came in at -92,000 (economists expected gains), surging oil prices driven by Iran's chokehold on the Strait of Hormuz, and why he thinks America is heading into what he calls a "jobsession." From the K-shaped economy squeezing the middle class to stagflation risks, AI-driven layoffs, and what the Fed should do next, Wolf draws on his experience inside the room during the Lehman crisis and the Obama-era oil shocks to explain what's really happening — and what powerful people are thinking behind closed doors. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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