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nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. lets begin our coverage with cnns matt egan live in washington ...

the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? >> reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is intere...

short. we just learned his recorded testimony is expected to be shown tomorrow. >> and children under age 5 are another critical step closer to getting covid vaccines for the first time. well break down the new green light by fda advisers as cases are rising, and even dr. anthony fauci has now tested positive for covid. we want to welcome our viewers here in the united states and around the world. im wolf blitzer. youre in the situation room. we begin with the biggest jump in interes...

radicals. you cannot intimidate the supreme court. >> hunter biden bragging about all the power he has over your president. >> [inaudible] >> joe biden has said that hunter biden is the smartest man he knows. >> offering free meals to veterans kids to help flight inflation. >> cool thing about this is a lot of things texas buy somebodys pizza on me. i dont need any credit. ♪ ♪ ♪ >> brian: we continue to bump in on charleston, south carolina, its a wonderful town which im recommen...

three republican in the house and karl rove will also weigh in. >> sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, im sandra smith in new, i dont. trace, great to have you. >> trace: you as well, im in for john roberts, and this is "america reports." fed decision will be a dramatic attempt to...

oil by sending a strongly worded letter to the heads of seven oil companies, oh, boy. threatening to use emergency powers if they dont boost supply after bashing them for turning a profit. it comes as gas prices are have officially top $5 per gallon with no relief in sight. and if you cant afford the sky-high gas prices the white house says just buy an expensive electric car. he filled up your ev by charging and he filled up your gas tank with gasoline and you have the same size tank y...

weanthe country off fossil fuelw for fuel outrage over historically high cost. that outrage is reflected in the latest fox news poll being released right now. and could become a huge factor in the midterm elections for which primaries were held gled a handful the states. the presidents approval rate stands at 43% with 57% disapproval will. just 18% consider the economy in good or great shape. 82% believe it is only fair or poor. white house correspondent peter doocy starts us off tonig...

appreciate it. and thanks at-home for joining us this hour. happy to have you here. you are getting more of me than you bargained for this week, im sorry. if everything goes as planned -- which honestly is basically never, in the news business, but you cant break your plans unless you make them in the first place, if all goes as planned, i will be here tonight hosting the rachel maddow show and tomorrow night as well, and my usual time of 90 am eastern, hosting the rachel maddow show t...

candidate brian kelly. his initial appearance is scheduled for thursday at 1:00 pm, exactly the same time that the january 6th hearing begins. [laughs] so, histories moving fast on the subject. >> and the question remains in michigan politics as to whether being arrested for his purported role in the crimes of january 6th is going to boost him boost his chances in that republican primary, since apparently participating in that particular crime is a badge of honor. i dont know -- it hel...

the padres playing great as well. such a great division. >> can you believe the angels collapse? >> yankees initiated that and sent them into a tailspin. >> really? >> they lost 12 or 13 in a row before they finally won. loaded with talent but struggling a bit. >> stock futures are on the rise as investors anxiously await the federal reserves action to tame surging inflation. this as president biden lashes out at republicans for blocking his economic agenda. msnbcs stephanie ruhle will...