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Transcripts for FOXNEWS America Reports 20240604 17:04:00

the republican majority, they have nothing to show for it very time in office. that is an irresponsible reckless majority. republican lawmakers are now asking for sit downs in and in person injured two views with the irs officials so the ball is now essentially in the white house s core and we will n complies with these requests. john? look forward to seeing that and if he has anything to say about this and especially when he will talk about artificial intelligence. jillian thank you so much sandra? let s bring in jason, a fox news contributor jason it s good to have you here today. first off let s start by showing the many times the president has denied being involved with hunter in this business dealings listen to this. my son is there nothing wrong then i trust them and i have faith in him.

Transcripts for FOXNEWS America Reports 20240604 17:48:00

the banking system is safe and sound. we have the tools necessary to keep our banking system safe and protect depositors. the president wants to make sure we keep taxpayers safe. u.s. banking system is sound and resilient. learning the right lessons from the episode and work to prevent it from happening again. sandra: pushing the narrative the banking system is safe, but pack west is considering a sale. econ panel, what does it mean for you and your money. ja jason and doug. i cut that short. people want to get to it. they want t know what it means. why is the president and the vice president and kjp, why are they insisting the banking system is safe when clearly

Transcripts for FOXNEWS America Reports 20240604 17:52:00

and no one liked it, or slow the growth and demand and fallout is high mortgage rates, fewer home sales, less home building, lower retail sales, in and of themselves bad news but are necessary measures and what i worry about is the drum beat of oh, my goodness, the banks, goodness, the mortgages, stop the fed from doing its job and stuck with high inflation and that s even worse. that s what i grew up with. stagflation and continued inflation, we have to get it back down to 2%. sandra: a painful environment, mostly for the working class, the very group the administration jason says they are out to help the most. no matter what they tell us, what people are feeling. polling revealing that people are concerned about the banking system. the white house says it s safe and sound, americans are very or moderately worried, 48% of them, about the safety of their money in banks. final thought from you, jason. look, first of all, i would

Transcripts for FOXNEWS America Reports 20240604 17:01:00

april, but his remarks were quickly overshadowed, when he announced he would hold a major news conference this afternoon. sandra: actually is not happening. statement has since been clarified by the white house, saying there is no change to the president s schedule and there is no news conference. karl rove, doug, and jason will react to the puzzling comments, and where the heck is this american economy going from here. it has been quite a week. john: begin this friday with tensions, the justice department may be deciding on possible criminal charges for the president s son. the finish line in sight. sandra: and word could come in on any moment. this is america reports.

Transcripts for FOXNEWS America Reports 20240604 17:50:00

again. so accept that, inflation is too high, go over and find the banks that have the weakest balance sheets and if necessary, merge them or get ahead of the curve. sandra: conflating it? don t we have evidence, jason, the banks are getting caught backwards with the rising interest rate environment right now? yes, but the three barngs that have failed so far were badly managed. if you have a bank that can t survive a 5% feds fund rate which used to be a common interest rate in our economy, you ve managed your bank badly. this, you know, i think the fed got behind the curve, it had to move quickly as a result of that, but i very much agree with doug, the fed s job with interest rates is to control inflation, that probably means more hikes are to come, and then they need to then use other tools to deal with the banks. sandra: i want to put this up

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