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historic inflation. the decision will likely produce ripple effects on your personal finances and the economy in the months to come. cnn s matthew gin et joins us. we ve been awaiting this decision, what has the fed said? 75 basis points, the fed just delivered another massive interest rate hike, designed to put this inflation fire out. that means higher borrowing costs. this is the fourth straight interest rate hikes. this is historic. we ve never seen drastic actions like this under janet yellen. we never saw this from ben bernanke, or even alan greenspan. you have to go back to the early 80s under paul volcker. i think this says how stubborn the inflation has been. the fed s statement, which is watched very closely, is basically identical to last month, except for one key part. the fed reiterated that ongoing interest rate hikes are likely to be appropriate, but they added that this is going to be the case in order to get policy restrictive enough to get inflation ....
train on the job. that s the new approach for this new shortage. airlines need to hire 610,000 new mechanics globally in total over the next 20 years. united calls the program cele celebrate, and does it by have been people apresentition in-house. there s 6,000 on top of that through traditional hiring means. this is so critical, who has not waited on a plane from the airlines because of a mechanical issue? remember, airlines got smaller over the pandemic. united sell that calibrate is thei theically, to train on your own, $50,000. if you apresentics, you maybe $24 to $52 an hour, you get paid the entire time. there s so many labor shortages, we ve been telling you about pilots. they have the avian academy, airlines are trying to tackle this issue, especially with the holidays on the horizon. we know staffing issues have created a lot of delays. pete muntean, thank you. also the top of the hour, i m bianna golodryga, victor is off today. the federal reserve is rac ....
militia were secretly recorded by one of the attendees they discussed bringing weapons to washington d.c. and being prepared to fight on on behalf of the former president donald trump. whitney wild is here with the latest. reporter: it was a bombshell moment that the defense and the department of justice agree is one of the most important cases in decades. a new recording released by the department of justice of an alleged november 2020 planning meeting of the far right militia group, the oath keepers. you re going to see a street fight. don t be afraid. go there in large numbers. that s why we need to be there. reporter: federal prosecutors played the audio during the second day of the trial of five associates of the oath keepers. all five defendants have pleaded not guilty. this is the first major piece of evidence presented at the trial that prosecutors used to support their allegations that the group planned to descend on washington to prevent the peaceful ....
president trump to fight as commander in chief. also, former president trump making an emergency request to the supreme court asking the high court to intervene in that dispute over materials the fbi seized from mar-a-lago over the summer. they request the 100 or so documents become part of the special master s review. and next hour, president biden and jill biden will head to florida to var the destruction in the wake of hurricane ian so far claimed 109 lives. the president will meet with florida governor ron desantis. also he ll speak with homeowners, business owners, people that have been wiped out by the storm. we ll get to that in a moment. first, let s begin with our cnn law enforcement correspondent on this on what was a secret reporting played in this second day of the oath keeper s trial. what more can you tell us? this is a huge moment very early on in the trial. the doj is passing this audio recording as proof that these five people on trial for conspir ....
highly classified, you go to jail for that. and you go to jail for that. you should know that. classified information. you should go to jail for that for many, many years. lock him up, lock him up. jimmy kimmel with a mashup of donald trump s words concerning other people s mishandling of classified documents. but, wow, meanwhile, stunning new reporting this morning that the nuclear secrets of a foreign government were among the materials seized from mar-a-lago. we ll have the latest on that. plus, steve bannon set to be indicted. how the case related to fundraising shows the limits of the pardon he received from donald trump. and caught on tape, new video shows a fake elector in the 2020 election. escorting members of a tech firm into a georgia elections office on the same day a breach was detected. we ll explain how this ties into the overall election scheme. we re also following the latest in the fight over control in congress. new polling on the impact of ....