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7% rates. but they cant do that without causing more bank problems and the banks make the loans and causes big recession. they have to hope that inflation is going to come down. at this stage would require a tax and spending cuts, because the fed is running out of game at this point. neil: you think about that, if their goal is to still to get it down to 2% and were averaging around 5%, thats, in the aggregate, were a long way from getting this under control. >> we are, in fact. jonas was referr...

Now, more than ever, is the time for the American people to fight to lessen our archaic banking system.

On which i dont think anybody, uh, can no, i think the fed was right to signal. uh enormous uncertainty. i probably would have allowed more room for concern about inflation and left the door a bit more open to multiple rate hikes, given the strength of the recent i inflation data than the fed did in their statement, but its a very close ah call and i think what they did was entirely uh, entirely reasonable. a lot is going to depend upon how the regulatory authorities and the bank insurance so fa...

Retailers come. in but the reality is, this is an option for families that need to budget when a team where food is expensive. back to you. >> neil: thanks, madison. meantime here, the european central bank raised interest rates itself even in the face of the credit suisse bank problems. whether that telegraphs what our own federal reserve will do next week when they have a two-day meeting next tuesday and wednesday, hard to say. who better than former top fed official himself, the former philad...

Major loss. . >> i am getting one-fourth of what i used to get before due to bank problems. stkpr winter discontent is going to be a stormy one. ben wedeman, cnn, beirut. we are also hearing the lebanese president is supposed to hold parliamentary consultations monday to choose a new prime minister. there is speculation that the prime minister could be named again to lead the government. all right. we turn now to the u.n. climate conference in madrid. it is finally coming to an end after a m...

Midway through your piece you talk about defenders of the tactics used by robert muellers team argue his potential witnesses are generally guilty of some crime that lying to f.b.i. may be true. you make this point. but theyre targeted not what they may have done. theyre targeted for what they may know about the real target about -- about what the real target may have done. can you further make that point? its a strong one. >> yeah. its a point that was made by judge ellis in the manafort case. t...

Collusion. i believe the analogy is more like coming in to today on the plane, were in the final approach. its time to land the plane and decide what you found. take what you have done and land the plane and report to the american people. if you dont have anything, report you dont have anything. >> neil: what if the mueller probe proves nothing, of the president is exonerated and then you have been or some of your colleagues have been busy, you know, disputing the way it was gathered? then you a...

Price gourmet meals. so people can come here instead of just ordering a piece of chicken or a rack of lamb or something like that and leaving, i offer a four course tasting menu. like it is in new york or san francisco, you might have tasting menus where people come in and eat multiple courses it might be over $100 a head. in st. louis i started that opening up that type of dining to customers here for $25. >> reporter: some small business owners ive talked to have had trouble getting access to ...

Price gourmet meals. so people can come here instead of just ordering a piece of chicken or a rack of lamb or something like that and leaving, i offer a four course tasting menu. like it is in new york or san francisco, you might have tasting menus where people come in and eat multiple courses it might be over $100 a head. in st. louis i started that opening up that type of dining to customers here for $25. >> reporter: some small business owners ive talked to have had trouble getting access to ...

Havent heard anything from him. when he called, they were going to call me back in five minutes. when i went to call them, i dont have any minutes on my phone. i dont think they understand what broke is. that doesnt mean i get to go to disneyland again. i mean i dont have any minutes on my phone. we are broke. the next morning i get up and i call him and the phone is disconnected. i dont know what that means except from what i understand, theyre not gonna pay the service rigs which is where my h...