i am velshi, it is the last time hurt in the january six committee. the committee is set to resume the hearings this week, laying out more findings from its year long investigation of the insurrection at the capitol. donald trump is desperate and illegal attempt to cling to power. the next hearing assad for this coming wednesday september 28th. that s one of the afternoon. over the last few days, members of the committee a participated in something called the texas tribune festival in, austin texas. they make comments about their investigation, given hints of what might be to come. here s with the democratic congressman of maryland said during his appearance. bannon said the night before tomorrow, all hell is going to break loose. it s not going to go down the way that anyone thinks it s going to go down. there are clearly people who understood the preparations that were taking place. if you think you almost knock over the government of the united states spontaneously,
a time we re losing the federal reserve. confidence in our we are going federal reserve. we are going through an through an interest rate paradigm interest rate paradigm shift, shift, a growth paradigm shift, a growth paradigm and shift and mobilization paradigm a globalization for paradise shift. we shift. and we look to our look to our policy makers to policy makers to guide us but guide us. but unfortunately the feds unfortunately, the have been very fed has been late as you and very late, as you and i have discussed i have discussed for 18 months for 18 months. . and now it s hiking now, it is hiking across the valley for aggressively to the slowing economy, slow the economy, making things worse, making things worse, unfortunately. unfortunately. lori, muhammad makes makes a good point, the a good point. the 401(k) s not the 401k is not priority for the priority for everyone. for most people, it everybody. for is jobs. most people it is jobs. we are in we re in a relatively a r
inflation under control part of that is a message of the mark, as part of that is. part of that s the message to the a message to people who markets, people who spent spent a lot of money. this is a lot of money, this going to keep going is gonna keep on. don t going. don t borrow money right now borrow money right now because you re because you are going to end up gonna end up paying more a more. on it. at what what point does point does it click and a clerk, on the fence that the feds sit there and there and says, okay, say, jobs done. okay, jobs, done we re we are going to pull going to pull back on back on raising raising interest rates, in the interest rates in the economy economy is going to start to is going to start to heal heal again. again. do you have any do you have any sense of sense of how this looks in how this looks in terms of terms of timing? it s a great question, timing? . and it s such a difficult it s a great question one. you know, in such a difficult muhamma
box. it could slow the could slow the economy down to economy down, or just be the economy up speed it up using using the lever of that interest rates, interest rates, generally generally speaking. speaking. the the way you, and, way you in theory fight theory fight inflation inflation, as you raise interest is raise interest rates. you make it more rates, you make it more expensive to borrow money. expensive to borrow people start buying money, people stop less. the buying less, the economy slows down. economy slows down. it but it, is whether is, whether it s it s confidence or confidence or psychology, or are versus science, psychology, or are forced to science, the formula is not they re the formula is baked. not baked. you also are and you concerned also are about the concerned about the aggressiveness of the fed. aggressiveness of the i will say, fed. i the fed doesn t, the bank will say, the fed of canada does, that the does, it the bank european central bank does, it does, at
skyrocketed. meaning, meaning it more more money out your money out of your pocket. pocket. plus, mortgages, plus, mortgages, car car loans, personal loan, personal loans, loans, they all become they all become costly. costly or. and if you if you borrowed money borrowed money for for school, school some some private loans could private loans can be be influenced by the influenced by the fed fed right. you rates. you may may have to pay have to pay more in that more in that case as case as well, well. on top of all and on top of all of that, this that, this is is all about all about consumer consumer psychology. psychology it s much more. so it s much art than science, more art than which means that all of science that which this raising rates means that all of could have these race in rates could have the unintended the and intended consequence of triggering consequence of triggering a recession. a recession that s, which is exactly exactly why markets in why markets in your your 401k