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happening now. new evidence connecting the capitol riot directly to former-president trump and his pressure campaign against his vice president. insiders swearing under oath that trump knew his scheme to get mike pence to overturn the presidential election was illegal but trump plowed ihead, anyway. the january 6th select committee also documenting pence's escape from that mob that was threatening his life with rioters at one point only 40 feet away. we are breaking down all the testimony, and where the insurrection investigation goes from here. we want to welcome our viewers here in...

the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? >> reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is interest rates. if you take a look at interest rates over the last few years, you can see they were pretty...

years, marking the central bank's most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned it's at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? >> reporter: well, victor, clearly inflation is on fire. today the federal reserve officially called in help for some reinforcements. taking aggressive steps to raise inter...

short. we just learned his recorded testimony is expected to be shown tomorrow. >> and children under age 5 are another critical step closer to getting covid vaccines for the first time. we'll break down the new green light by fda advisers as cases are rising, and even dr. anthony fauci has now tested positive for covid. we want to welcome our viewers here in the united states and around the world. i'm wolf blitzer. you're in the situation room. we begin with the biggest jump in interest rates in nearly 30 years here in the united states. the federal reserve prescribing new medicin...

and he wanted it to be true that his hand-picked attorney general would come out publicly and say that there was widespread voter fraud that would ultimately overturn the election results. and he wanted it to be true that rudy giuliani's wild suggestion that he proclaimed victory before all the votes were even counted would not be challenged by his campaign manager or any of his advisers. a group we learned today was on something called "team normal." and he wanted it to be true that someone stole a second term from him, not that he just lost the election. now, these are things that ...