MSNBC Velshi June 4, 2024 12:20:00
Interest rates. the most aggressive move since 1990. for the central bank raised its benchmark rate by three quarters of a percent this past week. interest rates are the federal reserve's greatest weapon to fight inflation. chairman jon powell says that the fed is willing to lose it again if they have to. >> the labor market is extremely tight, and inflation is much too high. we are not going to declare victory until we see a series of these really see convincing evidence, compelling evidence, that inflation is coming down. >> all right, what does that mean for the average american? for you an...