disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it s nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it s important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it s going dangerously fast, and so the fed needs to slow things down. it s actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don t do enough inflation can go out of control. if they do too much,
Under oath. Cohen is the last prosecution witness and the question that remains this morning, what, if anything defense will trumps legal team mount . Nbcs Yasmin Vossoughian is outside that courthouse. I also want to bring in our legal panel, former u. S. Attorney and former senior fbi official Chuck Rosenberg, new York Law School professor and director of the schools criminal defense clinic. Ana coe min ski and criminal Defense Attorney and former federal prosecutor duncan levins. There was a little bit of uncertainty this morning in court, a long Bench Meeting before the Cross Examination got underway. Bring us up to speed on all of it. Reporter the last day week five of this trial, a 19minute Bench Meeting at the start of court before the jury was brought in. We dont know what they talked about. Once we get the partial transcript out this morning, were going to figure that out and let you know. A couple of things that have come out so far even just in the last 30 minutes or so, the
Captions by vitac www. Vitac. Com im jim acosta in washington. Welcome to our viewers here in the United States and around the world to cnns breaking News Coverage of israel at war. It is 11 00 p. M. Saturday night in israel one week after hamas slaughtered 1,300 people in a Terror Attack inside israel. Israels military said its preparing for the next stages of war, and israeli Prime Minister Benjamin Netanyahu delivered that message himself to the front lines earlier today. This is video he posted online of that exchange. Along the border with gaza, more than 300,000 Israeli Soldiers with heavy equipment, you can see some of the tanks right there, are awaiting netanyahus orders of Ground Invasion into gaza. It could come at any time. Israel is ordering more than a million civilians to evacuate Northern Gaza for their safety. Today, the State Department is urging Palestinian Americans in gaza to move closer to the Rafah Crossing into egypt. Meanwhile, the humanitarian crisis in gaza gr
Where the Idf Hammering Gaza with airstrikes following hamas Devastating Sur Prise attack ovr the weekend. At least 1200 people were killed in the terrorist assaults. The idf says it hit more than 80 targets and destroyed hamas Advanced Detection System for spotting aircraft over gaza. Neighborhoods have been reduced to rubble. Hamas says 950 people have been killed in gaza since the start of the war. The u. N. Says more than 263,000 people there have been displaced. The hamas controlled government says due to a lack of fuel coming in through the israeli blockade, electricity will be cut off within hours. And with it, so will basic services. The idf was also busy Last Night Hitting Hamas naval targets which it claimed were being used to attack the israeli coastline. Israels defense minister told troops tuesday that he has released all restraints on their fight against hamas. He said hamas wanted a change in gaza, it will change 180 degrees from what he thought. They will regret this mo
uh, well, a programme tomorrow, a big programme with some very important guests and also practising for the election. so for most of the day i will be locked in the basement in broadcasting house. so, if this is recorded, does that mean it ll be better than the last three weeks that we ve done? we can only hope. i wonder if they ve taken that bit out. anyway, this is getting too meta now, so, i actually wonder how many hours it is until the polls close. well, we don t know because we don t know what time it is because we re in the wrong time. oh, this is getting very confusing. shall we get on with it? yeah, yeah. laura, what are your predictions, then, for the last few days of campaigning? well, ithink, look, it s been a very, very eventful campaign. so, you know, 2a hours ago, nobody would have predicted that the prime minister would have inserted himself very dramatically into a race row about reform candidates. so i m not going to make predictions about specifics. however