Fed Board News Today

1981 when ronald reagan was president and battling a recession that seemed endless. a guy names paul volcker was hiking interest rates a full percentage point at a team to squash inflation that proved relentless. when indiana jones was the hottest movie in the country and charles and diana, the hottest wedding ticket in the world. back then bacon cost $1.75 a pound. try more like $7 now. coffee was $2.46 a pound. closer to $6 now. a half gallon of ice cream set you back about $2. nearl...

pbs, rick stengel, an msnbc political analyst and gordon chang, "newsweek" columnist. yammish, what do we know about this call between president biden and president xi jinping? >> we know the president for a long time has called china the u.s.s main competitor and said there is this really tug of war between democracy and autocracy this is really a high-stakes call and also a call president biden is welcoming because he has said diplomacy is the thing america should be known for. hes s...

to vice president pence, mark short, greg jacob, they were both asked during their grand jury testimony about the fake elector scheme and the roles of trump lawyers rudy giuliani and john eastman. this morning in additions, "the new york times" and "washington post" are reporting justice department investigators back in april received phone records from key officials and aides in the trump administration including chief of staff mark meadows. all of this as the attorney general himself...

who cant afford it. >> martha: the dow is up a lot on that news. in less than 24 hours, well know if the u.s. is officially entering a recession. charles payne joins me on that. and the other big story that we start the hour with here on this wednesday, china. warning the united states saying that when it comes to nancy pelosis trip, its a red line for them. china recognizes obviously -- china believes that taiwan is part of china, that its not an independent country that can greet u.s...

will not be on stage, instead he will spend the evening fundraising. but he has already captured the headlines with a fox town hall he did last night, hosted by sean hannity, who gave him an opportunity to deny these reports that, were he return to the white house, he would rule as a dictator. except for day one. except for day one. ~ . i except for day one. except for day one-- i want _ except for day one. except for day one.- i want to - except for day one. except for day one.- i wan...

And yet all of this is a distraction, an attempt to get us away from it. Whats also interesting to me, hallie, the president of the United States takes a lot of time trying to take down joe biden. That suggests to me that he believes biden is the strongest possible opponent. Weve had 70 headtohead matchups in polls. Biden has won every single one of them. In that sense its not a surprise the president is spending the time, using the power of his office to try to take down his number one opponent...

The Federal Reserve chair said a rate cut would not solve the underlying issues driving up shelter costs, even as housing becomes a disproportionate driver of inflation.

The Federal Reserve chair said a rate cut would not solve the underlying issues driving up shelter costs, even as housing becomes a disproportionate driver of inflation.

Five US banks authorised to issue repeat credit-linked notes backed by financial guarantees

Federal Reserve Chair Jerome Powell and the Fed Board have had people guessing since December about when they will cut interest rates. Cuts appear further off…