CNN Inside Politics With John King June 4, 2024 16:05:00
In a bear market. people say what does that mean. the fed is looking at it used to be a quarter point. would it be a half point? some say .75. they do that to slow an overheating economy. what is that going to mean for average americans? >> i think what it's going to mean for average americans is that the economy is going to slow a lot more abruptly than we previously thought it was going to. and so if you are thinking about that from your typical household point of view, it means that money pretty quickly becomes a lot more expensive to borrow. we've seen mortgage prices move up a lot. it's h...