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Check every single month call. now i call to get everything i deserve. i called to check my zip code for a plan with the benefit to ask my name back to my social security check. i called to check my zip code, check your zip code. it could be done on my call now call eight hundred three seven five five three seven eight. that s eight three seven five five three seven eight no one is live on this tuesday morning. i m jackie is in new york. president biden will meet with federal reserve chairman jerome powell today. soaring inflation eats up more and more of americans paychecks. the meeting comes at a time when food, gas and housing prices are sky rocketing. the federal reserve has raised interest rates to counter inflation and is signaling further aggressive rate hikes in the months to come. at least five missiles hitting an iraqi army base hosting ....
Fastidious about not talking to the fed chairman. does the president have a message for jerome powell today? why the meeting? so, it s not uncommon for presidents to meet with federal reserve chairs and given that chair powell was just reconfirmed along with three others, this seemed like an appropriate time to do so. importantly, the president the single message the president has for chair powell is that he s going to give them the space to do what they need to do. we all understand that the fed has a dual mandate to stabilize prices and maintain full employment. the president shares those goals, and he is what he said saying, which many prior presidents have not shares this view, he s going to let the fed do what it needs to do. that s actually part one of the three-part plan that the president outlined in the wall street journal today. part one, let the fed do its thing. part two, though, he s highlighted what it s done, says now it s time for congress to act as well and o ....
Are or plan to become pregnant, or are breastfeeding. for more information about side effects talk to your doctor. be in your moment. ask your doctor about ibrance. back now with the battle against soaring inflation. fed chairman jerome powell today warning lawmakers that inflation poses a serious threat to the job market at his senate confirmation hearing for a second term powell said the central bank is prepared to raise interest rates to get soaring consumer prices under control and a new alert out about your tax refund the treasury department warning of significant irs delays this year. our stephanie ruhle on why you should file as early as possible. reporter: assistant schoolteacher lauren tracey filed her taxes online for the first time last year. we got all everything squared away ....
Inside the congress that would make it impossible or essentially impossible to extend the programs without paying for them. president s been very clear on his commitment, that he doesn t want to increase the deficit to do any of this. and i think congress should find a device with senator manchin that will enable that to take place. so, you know, you have been pounding the table, secretary, that inflation is a big problem. and saying that the fed is not acting quickly enough. so, you know, separate from the issue, um, with senator manchin, the build back better. the federal reserve today came out and said they are setting the stage for some interest hike rate hikes next year, which would still keep rates incredibly low but in the context of the world we are in now, they would go up. they acknowledged publicly that inflation is not transitory or temporary. here s jerome powell today. these problems have been ....
Larger and longer lasting than anticipated. exacerbated by waves of the virus. as a result, overall inflation is running well above our 2% longer run goal and will likely continue to do so well into next year. so, just to be clear, secretary, well above 2% inflation is a massive understatement, right? i mean, just in the most recent numbers, monthly, right, it s more than three times greater than that, right? that s more than well above. powell went on to say as though about the fed actions, quote, i wouldn t look at it that they re behind the curve. would you look at it that way? i would. i would look at it that they were behind the curve and that they tried to move to catch up today. the market rendered a verdict. expected inflation as judged by the market went up, not down, after their action. that says to me that they have got a long way to go. ....