Page 35 - Rate Increase News Today

Neil, i was in the poke group in the third and fourth grade. for something like this, its quite an honor. >> its a great testament to you. given the fact youve been a very big critic over the many years, ive had the pleasure of knowing you, youre going to be kind of like a bull in a china shop and maybe that was the presidents intention. what did he tell you? >> well, look, i mean, i was critical of the feds lapsed rate increase in december and i think everyone aggress that was a big, big mistak...

>> mitch mcconnell is clearly frustrated by his counterparts in a democratic leadership to mike chuck schumer who is to not want to do but on anything except for reopening the government. today he wanted to vote on something, he measured his of lowering sanctions on russia oligarchs. mitch mcconnell used to sit at a side, the senate voted against mitch mcconnell, 57-42. but then voted 57-42 to proceed, steven mnuchin was uprooted a arguing for lower sanctions, it did not work. >> bret: thank you...

Meeting made it harder for powell not to raise rates. >> if youre right about that, and you may be, how responsible is that that the fed wreck the economy to establish its independence. >> paul: i dont think theyre trying to wreck the economy. >> i dont think there was any case whatsoever for the latest rate increase. the market has spoken. it was a major mistake. and look, as i said, the economy -- show me where the inflation is in the economy. you and i i think both believe, the major role of ...

To raise rates. >> well, if youre right about that and you may be, how responsible that would wreck economy -- paul: i dont think they are trying to wreck the economy, steve. >> i dont think theres any case for rate increase. it was a major mistake. look, as i said, show me where the inflation is in the economy. you and i i think both believe the major role of the fed is to keep prices stable. paul: right. >> they havent done that. if you look -- of the 34 major commodities, 27 falling in place,...

And then he has to win this fight. republicans dont have a plan to long term win this fight. their plan got them this far, but its totally unclear how they think they can win this, other than just hope the democrats give up and decide to cut a deal. >> always fun when a neighboring correspondent starts talking in a loud voice when youre trying to speak to us. garrett and halle, thank you both for the late-night update. were joined by peter baker, chief correspondent for the "new york times" who ...

I juwant to begin with a tweet t up by heather jacobs, trump has discussed with firiing jerome powell, after this weeks rate increase and months of stock market losses. advisers say they dont know if he will go through with it, but he wants to. and presidents never discuss the fed or chairs of the fed, powell replaced janet yellen. this president has been all over the fed, trying to blame fed and rate hikes for part of the market troubles. and i suppose we should take this for what it is. >> thi...

How will the president react? joining us now is steven moore, cnn senior economics analyst and president trumps former economic adviser. do you agree with the president that the federal reserve should not raise rates? >> i sure do. i think the president was spot on when he said three months ago that it was a mistake. we have seen a big stock market, not a crash, but certainly bearish market since then. i just dont see any inflation out there. the economy has slowed down a little bit. we were gro...

The red and on the dow, the dow 30, 29 of 30 are in negative territory. president trump has repeatedly tweeted that hes against this rate hike and says it will hurt the economy. blake burman reporting live at the white house. >> hi, shepard. so far no reaction from the president. traditionally we wouldnt have to say such a thing. thats a standard. presidents in white houses normally dont react to a move with the federal reserve. this president has very much expressed his frustration with the fed...

The beginning of the year. fedex reported that the quarter ending in august, the fuel costs were up. u.p.s. has yet to announce the rate increase for the year. thanks for joining us this mid-term elections day. im christine romans. >> im dave briggs. "new day" starts right now. its your call, america. happy election day. you have to go out and vote. in a sense, i am on the ticket. >> the republicans are banking on a president who is stoking anti-immigrant fears. >> we are securing our borders....

Of the companies are going out of business and were losing a lot of really valuable companies that are important to our market. >> laura: debby? >> a lot of small business owners and the taxes from trump have done very well for our small business. >> laura: tax cuts. what have they resulted in? >> right now, $1200. thats pretty good. it gives me the opportunity to pay my employees the rate increase -- the wage increase that was forced upon me instead of cutting hours. >> laura: how many democrat...