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have declined in the second quarter. joining us now to take a closer look at all of this, nbc news senior business correspondent stephanie ruhle, also host of the 11th hour here on msnbc. nbc news correspondent jake ward in san francisco. and austan goolsbee, former chair of the council of economic advisers, now a professor at the university of chicago booth s school of business. stephanie, we want to go to you first. second quarter gdp number, it could change. it s only an estimate right now. why are we seeing economic growth falling for the second straight quarter? because the fed raised interest rates. this is what they were trying to do. remember, months ago we were talking about how hot the economy was, right? people were coming out of covid, there was huge demand for everything. for travel, retail, events, and for homes, and the fed is trying to raise rates to slow that down and even out supply and demand. it s difficult. when you start to see things

Nbc newsStephanie ruhleJake ward11th hourSan franciscoAustan goolsbeeUniversity of chicago boothSchool of businessEconomy isn tInterest rates