Page 18 - Matt Eagan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fed's job for it right. it's cooling the economy off by making it harder for us to get loans and more expensive to have credit card debt and mortgages. um powell even said we can think of this as basically the equivalent of one interest rate hike or, he said, maybe more and i think that's actually the whole problem here is no one. not even the fed knows just how much damage this is going to do to the economy. and ironically, briana, you know if this proves to be a brief episode, which we hope it does in the banking situation stabilizes, the fed may actually have to do more work to cool off inf...

that is where the ceo of tiktok is facing withering criticism from lawmakers. the app, which has a reported 150 million users in the us alone is facing a potential u. s ban over national security concerns. this stems from the fact that it's comparing company bite dance is based in china. the ceo you see right there testifying live show chu is pushing back hard against this criticism, telling them and fears really telling them that the app is not a vehicle for the chinese government to spy or spread propaganda in the united states, but some lawmakers are not buying it. listen. we do n...

Governor alluded to that that that they guns in schools, starting with columbine have a very bad history. in colorado, and then i think it begins to also look at the parents and guardians. you're starting to see courts look to the parents in some sort of negligence standard. why did a minor have access to a gun? was there a gun in the home that was accessible to the minor. you're starting to see some cases hold parents or guardians liable for the conduct of students under 18. all right, juliette kayyem. thanks for sticking around and we're glad we got back with. thank you. thanks so much. the ...

This month. that was that happened a bit earlier this month, joining us now to break all this down. cnn's matt eagan and mark zandi, chief economist for moody's analytics, mark matt to you first, let's just put up on the screen, the line of the inflation rate over the past year or so the fed has consistently raised rates. ah the expectation if you took the banking crisis aside would be that they would raise rates again to try to corral inflation. but a lot of people say enough volatility time out. what do we expect? well john, this might be one of those rare days where the toughest job in this...

More isolated than systemic. but clearly he is trying to make sure the public understands that their deposits in the bank are safe because matt eagan live from the federal reserve markets appearing to seesaw so far after the news. we'll see where they are at four o'clock, matt, thank you so much. meantime over on capitol hill negotiations between house republicans and the white house over the debt ceiling or at a standstill. house republican members have yet to produce a budget outlining their proposed cuts. cnn's manu raju is live from capitol hill and manu. now that we've had this banking in...