Colby Smith News Today : Breaking News, Live Updates & Top Stories | Vimarsana

and some of the most extreme far right members of the gop will have real power in the house thanks to kevin mccarthy's desperate deal making to become speaker. and also ahead, another tragic scene in ukraine. we'll have the latest on a deadly helicopter crash outside kyiv. good morning, and welcome to "way too early" on this wednesday, january 18th. i'm jonathan lemire. thanks for starting your day with us. we begin in washington where the white house is making efforts to tamp down criticism about a perceived lack of transparency in the classified documents case involving preside...

he says are threatening the very foundations of our republic. plus, trump's lawyers and the justice department face off in federal court. we'll explain the big developments to come out of the special master hearing. and, a hot holiday weekend arrives with little to no running water for nearly 200,000 people in mississippi. the state has troops on the ground to help in the water crisis. good morning. and welcome to "way too early." i'm jonathan lemire. on this friday, september 2nd. thank you for starting your day with us. we'll begin in philadelphia, where president joe biden iss...

how you and your colleagues had set the expectations during the interim meeting. . you said what changed was the inflation expectations data. was there something you saw that was unsettling enough to risk eroding credibility of your verbal guidance by doing something so different from what you had socialized before? chair powell: we look at a broad range of inflation expectations. you have the public, surveys of the public and experts, and we have market-based. if you look at the broad range of market data, you see expectations are still very much in the place where short-term inflat...

2%. 75 basis points seemed like the right thing to do at this meeting and that's what we did. >> steve, cnbc. thank you for taking my question. you have not used the phrase in a long time monetary policy is in a good place, a phrase you use often. now that the committee is projecting 3.8% next year in terms of the funds rate, similar to where the market is now, do you think that's a level that is going to be sufficiently high enough to bring down the inflation problem? as a follow-up, could you break that? apart for me? how much is restricted and how much is a normal positive rate th...

three decades. it was necessary to address high inflation. chair powell: i will begin with one overarching message. we understand the hardship high inflation is causing. we are committed to bringing it down. we are moving expeditiously to do so. we have the tools and resolve to restore price stability. on c-span's new podcast. >> the next episode focuses on lyndon johnson. not everyone knew they were being recorded. >> johnson's secretaries new because they were tasked with transcribing conversations. they made sure the conversations were taped as johnson would signal to them. >> you...