accusation? the fbi admitted this is highly credible human sources and admitted they paid this source substantial amount of money and hoo had been part of the bureau for 13 years and their answer was, it is part of an ongoing investigation. we don t know which investigation, we don t know when the investigation began. we know two weeks ago they tried to act like this form didn t exist and today the fbi is bringing this form to the house of representatives. carley: alexandria hoff, good morning. alexandria: according to the agent, director wray made the document available, but they say they can t hand it over without handing over sources. kevin mccarthy does not buy that. this document is not classified, director wray said he wouldn t provide it. i had a phone call and explained if he does not provide this, we will hold him in contempt. now he said, we have the document, he will only show to chairman and ranking member. that is not how the constitution works. if he doesn
chairjerome powell suggested as much. as we approach the end of the year, it s natural to look back on the progress that has been made toward our dual mandate objectives. inflation has eased from its highs, and this has come without a significant increase in unemployment. these are things we want to see. why might the rate hiking cycle has included 11 increases. government data showed inflation dropped from 9.1% in mid-2022 to 3.1% in november. that is above the target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. for wall street the dowjones international average jumped to record close. this is the third time in a row of the central bank decided against another rate hike. for investors satisfied with what the fed has done is when it will start cutting rates? there is a lot to digests in america big questions about whether a cut is likely. we will talk about that than i want to come onto the uk and europe. what is your as