Kill Inflation News Today

Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs ...

answers, dont you know it, and everything from the crisis at the southern border, to the economy, to those biden family influence-peddling accusations. the white house last week saying not so fast to the oversight requests submitted before the change of power. but it wont be able to hold them off much longer. just until the new majority can decide on speaker. the g.o.p. is primed to hold the biden administration accountable. >> you already have the white house coming out, playing polit...

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Larry summers four decades. the fed that is to change everything, sandra. last year they said we have been below target a bunch of years, so lets try to go above on the inflation rate that.enter has to be thrown out formally. now they have to focus their efforts, save america, kill inflation. not climate change at the fed, not social justice, not woke politics, they have to go after inflation. >> sandra: you look at the polling, a priority for the american people. ill ask you the question i teas...

2022. what does this mean for the average american, or the average american family? >> they are going to get hurt. unfortunately, they are going to get hurt. annoys me to no end, i love prosperity and hate recession. the trump tax cuts and deregulation, inflation rate was 1.5% when he left office. we gave the middle class a 7 or $8,000 raise, the middle class, typical, we give them a raise. after inflation, after taxes, the biggest raise they got in 20 years. this is dissipating all that. this i...

In ukraine, that sent commodity prices surging further and now we see the fed is very concerned about it. the biggest challenge that he faces is engineering what they call a soft landing. getting inflation under control without triggering recession. we continue to monitor this news conference and well report back with more. john. >> john: we know its a delicate balancing act. you squeeze too hard and sometimes you kill the patient. >> sandra: bring in larry kudlow now, fresh off the news from th...

Low, inflation high, that will give way to a recession. i dont know the precise, i would say recession is likely, may last until 2024. >> sandra: you know who agrees with you, economist from democratic administration, larry summers, agreeing with you, larry, we now face major new inflation pressures from higher energy prices, run-ups in grain prices, ukraine war and more supply chain interruptions as covid forces lockdowns in china. it would not be surprising if the factors added 3% to inflation...

I want a new nickname. can you guys start calling me snake? no, bryan. -denied. -how about we all get quotes to see if we can save with americas number one motorcycle insurer? approved. cool! hey, if bryans not gonna be snake, can i be snake? -all: no. >> john: fox news alert, fed chairman jerome powell speaking after announcing the first interest rate hike since late 2018. larry kudlow with what the effects will be, but lauren with the latest. whats the news, lauren? >> john, and the fed chair ...

Geopolitics, invasion of ukraine by russia is causing tremendous human and economic hardship. the implications for the u.s. economy are highly uncertain but in the near term the invasion and related events are likely to create upward pressure on inflation and weigh on economic activity. how much, well, the fed predicts overall growth to slow to 2.8% this year. thats from 4% predicted back in december and more importantly, what they see going forward. they say core inflation stays high, 4.1% thro...