>> this could have been much worse. >> the federal reserve raising key interest rates by a quarter percentage points. the 11th hike since march of last year. pushing them to the highest level in 22 years. >> we can afford to be a little patient as this unfolds. >> do we have the bodies of the pilots. >> biologics came. >> has something to hide even a spacecraft. >> human or nonhuman. >> nonhuman. >> steve: all right. welcome to hour two of "fox & friends," folks. and we start with courtroom curve ball as you watch hunter biden go into that courtroom yesterday in delaware. he pled not guilty after his so-called sweetheart plea deal on tax and gun charges blew apart. >> ainsley: the sticking point being a disagreement over immunity that would shield the president's son from any future prosecution. >> lawrence: lucas tomlinson is live at the white house to break it all down for us. lucas? >> good evening, steve, ainsley
some big news now that could impact your wallet, federal reserve chair jerome powell says they are no longer forecasting a recession. this comes as the u.s. central bank announced yet another interest rate hike, raising rates to a target range of 5 1/4 to 5 1/2%. that makes this the highest borrowing rate we have seen since 2001, and it also marks the 11th hike in the u.s. central bank's past 12 policy meetings. it's a little bit of a mixed bag on the news here. joining us is cnbc senior analyst, and commentators, and coe-ceo of contrast capital partners, and jeffrey wilfurs at the university of michigan. no longer forecasting a recession, that's significant news. >> i think it was a hedge statement, in the sense that powell said there's a path to a so called soft landing in which
welcome back. and last hour of the federal reserve has raised interest rates by a quarter percentage point, that's the 11th hike in 12 policy meetings. i we at the peak, is this last move in the banks aggressive move to tame inflation? give us some good news, michelle. the move to tame inflation? give us some good news, michelle.— good news, michelle. the federal reserve rose _ good news, michelle. the federal reserve rose interest _ good news, michelle. the federal reserve rose interest rates - good news, michelle. the federal reserve rose interest rates by - reserve rose interest rates by another quarter percentage points. that means we've now seen it raise its benchmark rate by five imported percentage points. since it started this campaign to try and bring down inflation. when he was pushed to answer that question, was this last rate hike or can we expect another one b for the end of the yearjerome powell the fed chair in the press conference wasn't giving anything away, he wouldn't be drawn on it.
welcome back. and last hour of the federal reserve has raised interest rates by a quarter percentage point, that's the 11th hike in 12 policy meetings. i we at the peak, is this last move in the banks aggressive move to tame inflation? give us some good news, michelle. the move to tame inflation? give us some good news, michelle.— good news, michelle. the federal reserve rose _ good news, michelle. the federal reserve rose interest _ good news, michelle. the federal reserve rose interest rates - good news, michelle. the federal reserve rose interest rates by - reserve rose interest rates by another quarter percentage points. that means we've now seen it raise its benchmark rate by five imported percentage points. since it started this campaign to try and bring down inflation. when he was pushed to answer that question, was this last rate hike or can we expect another one b for the end of the yearjerome powell the fed chair in the press conference wasn't giving anything away, he wouldn't be drawn on it.