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Deal, it is right here for the taking. it is very tempting for the president to go along with this, and do a bipartisan deal which is the physical infrastructure deal, and largely the transportation projects, but it does not begin to confront the climate crisis that you heard senator markey talk about with kasie in the last hour, and this is the main opposition of the progressives, and also taking the wind out of the sails in terms of the social welfare programs that the progressives want to push next. how can you ensure that senator manchin and senator sinama are going to come along and are you going to be in a reconciliation deal, and are you going to get the two hold out senators for ....
well, you know, we also should underscore that we are in the middle of a pandemic, and the supreme court durnt hopefully, we re at the end of it, but we have been suffering with this pandemic. the supreme court doesn t operate in a vacuum either. they know what the consequences would be for the country. i m a little more inclined to think it was a political decision if it was 5-4 and roberts kind of casting the sway or the swing vote. a 7-2 decision, especially with the way that lined up, it seems to me like the legal argument, at least for those seven wasn t much contested. of course, you have the two dissenters. they re aware of the political environment, but on this case, i think that s truer when it s a 5-4 and a closer call. yeah, no, that s absolutely right. hans nichols, thank you so much for getting up early with us. we really appreciate it. and thank you all for getting up way too early with us on this friday morning. do enjoy your father s day weekend. don t go anywhere ....
Joining us now with a look at axios a.m., political reporter for axios, hans nichols. hans, what is the axios one big thing today? good morning, kasie. the one big thing is the long, hot summer for fed chair jay powell. we have these two roiling debates taking place right now. one, what s happening with inflation. is it temporary? is it going to be long-term? and the other one is starting, and that is, what s president biden going to do for his next fed pick? jay powell is up in february, but traditionally the decision is made around labor day. that s what democrats close to the white house expect. and what you re seeing on capitol hill is these two debates overlaying each other. and you re starting to see republican senators say, look, we need to know where jay powell is on inflation, before we give him our affirmation. we think there s going to be some crossover. remember, jay powell is a republican. he was a former treasury official. he was appointed president trump. he, of course ....
Badgering him to cut interest rates or keep interest rates low. it s going to be interesting to see which democrats come to jay powell s support and how this all plays, takes place in the context of this inflation debate, which i suspect will be with us for the next couple of weeks. kasie? hans, what s your sense of kind of the decisions at hand for powell in terms of trying to look at inflation? i mean, is this just an interest rate conversation, or is there something else going on here, too? asset purchases. i hate to use the term taper this early on this network, but there s a question of how quickly they re going to start talking about tapering, right? and what we saw in the last fed meeting is they re going to start talking about it. left lane they re not talking about it. they re just talking about talking about it. so they re essentially pumping all kinds of pumping $20 billion into the markets. and when they start winding that back, that s the key decision. interest rat ....
And trying to avoid crises that could imperil the world. biden wants to be clear in a unfiltered way the way to confront cyber hackers and need to deal with election interference and need to deal with the treatment of navalny. biden has been preparing for this about a quarter century, kasie. quick to say. he s ready for the meeting. i think also, by the way, he likes the go ahead. i think biden also likes the contrast. i think he likes the contrast with his predecessor who kowtowed to putin and contrast to democracies and autocraies that s the bigger issue on this trip this week and the administration is very proud of having signaled. jeremy bash, thank you very much, as always, for being with us. really appreciate your time today. of course, we had so much to say about this historic summit. we have incredible lineup on morning joe. incredibly high stakes day here. my big question how they re ....