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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell July 7, 2024



disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it s nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it s important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it s going dangerously fast, and so the fed needs to slow things down. it s actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don t do enough inflation can go out of control. if they do too ....

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CNN The Situation Room With Wolf Blitzer July 7, 2024



short. we just learned his recorded testimony is expected to be shown tomorrow. and children under age 5 are another critical step closer to getting covid vaccines for the first time. we ll break down the new green light by fda advisers as cases are rising, and even dr. anthony fauci has now tested positive for covid. we want to welcome our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. we begin with the biggest jump in interest rates in nearly 30 years here in the united states. the federal reserve prescribing new medicine for the ailing u.s. economy that may be tough to swallow for so many americans. brian todd is joining us live from outside the federal reserve. brian, this is truly a consequential move aim at trying to tackle soaring inflation. reporter: prices across the board were soaring out of control. the fed needed to do something. now it s a matter how the average american can absorb this. with pr ....

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BBCNEWS BBC News July 7, 2024



after nearly 50 years. hundreds of marches are being held all across the united states to try to pressure congress to reform gun laws. coming after a spate of mass shootings, the rallies are being organised by the group march for our lives. it says it s time to show politicians that americans demand and deserve to live free of gun violence. barbara plett usher reports. another march against gun violence, banging on the doors of the nation s capital. this is a movement powered by young people, demanding the country s leaders take action after yet another school shooting, a horrific massacre in new delhi, texas. iii horrific massacre in new delhi, texas. ., ., texas. if our government can t do anything texas. if our government can t do anything to texas. if our government can t do anything to stop texas. if our government can t do anything to stop 19 - texas. if our government can t do anything to stop 19 kids - do anything to stop 19 kids from being killed and sl ....

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BBCNEWS BBC News July 7, 2024



tens of thousands of people have been demonstrating across the united states, demanding stricter gun laws in response to a series of mass shootings. president biden encouraged the protesters to keep marching and called on congress to pass common sense gun safety legislation. the democrat controlled house of representatives passed a package of gun reforms last week, but republicans in the senate are likely to block them. barbara plett usher reports. another march against gun violence, banging on the doors of the nation s capital. this is a movement powered by young people, demanding the country s leaders take action after yet another school shooting a horrific massacre in uvalde, texas. if our government can t do anything to stop 19 kids from being killed and slaughtered in their own school, and decapitated, it s time to change who is in government! all: vote them out! again! vote them out! for years, congress has failed to pass gun safety measures, blocked by oppositi ....

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BBCNEWS BBC News July 7, 2024



tens of thousands of people have been demonstrating across the united states, demanding stricter gun laws in response to a series of mass shootings. president biden encouraged the protesters to keep marching, and called on congress to pass common sense gun safety legislation. the democrat controlled house of representatives passed a package of gun reforms last week, but republicans in the senate are likely to block them. barbara plett usher reports. another march against gun violence banging on the doors of the nation s capital. this is a movement powered by young people, demanding the country s leaders take action after yet another school shooting a horrific massacre in uvalde, texas. if our government can t do anything to stop 19 kids from being killed and slaughtered in their own school, and decapitated, it s time to change who is in government! all: vote them out! again! for years, congress has failed to pass gun safety measures, blocked by opposition from the gun ....

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