MSNBC Morning Joe June 4, 2024 10:55:00
Federal reserve through the discount window. the peak of the '08 crisis, banks were borrowing a bit over $100 billion. as of yesterday, they had borrowed $153 billion, more than they had at the peak of the financial crisis. doesn't mean we are in a banking crisis, it means we have a fragile and volatile system that the fed has to worry about, as you heard in tom costello's runup. the other thing is inflation. back in february when the fed last had its meeting, it was running at 3%, these dark blue bars. we divide inflation between overall inflation and what we call core, where we take out food...