CNN Inside Politics With John King June 4, 2024 16:53:00
That the fed is nowhere near ready to declare victory in the war on inflation. yes, inflation may be peaking but it is going to take some time before inflation gets anywhere back to normal levels. so that probably means more interest rate hikes ahead from the fed. now, these rate hikes, they mean higher borrowing cost for all of us, credit cards, mortgages, car loans. the fed is trying to get inflation under control by slowing down the economy, but instead of just tapping the brakes on the economy they're slamming the brakes with big interest rate hikes. history shows when they do that, they c...