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new york. thank you for being with us as we await a critical decision minutes away that could have major fallout from your bank account. the federal reserve is poised to once again raise interest rates to try to tame inflation. this would be the fourth straight big rate hike and the impacts will certainly be felt at the white house less than a mile away where we'll hear shortly from president biden set to discuss his latest efforts to bolster the economy. and then tonight he'll make a primetime address focused on threats to democracy. but it is those pocketbook issues that most voter...

historic inflation. the decision will likely produce ripple effects on your personal finances and the economy in the months to come. cnn's matthew gin et joins us. we've been awaiting this decision, what has the fed said? >> 75 basis points, the fed just delivered another massive interest rate hike, designed to put this inflation fire out. that means higher borrowing costs. this is the fourth straight interest rate hikes. this is historic. we've never seen drastic actions like this under janet yellen. we never saw this from ben bernanke, or even alan greenspan. you have to go back to...

train on the job. that's the new approach for this new shortage. airlines need to hire 610,000 new mechanics globally in total over the next 20 years. united calls the program cele celebrate, and does it by have been people apresentition in-house. there's 6,000 on top of that through traditional hiring means. this is so critical, who has not waited on a plane from the airlines because of a mechanical issue? remember, airlines got smaller over the pandemic. united sell that calibrate is thei theically, to train on your own, $50,000. if you apresentics, you maybe $24 to $52 an hour, yo...

♪♪ hi, it's 4:00 in new york. president joe biden is set tonight to weigh in on the issue that is foundational to every other issue and debate we have in this country, democracy and the threats that loom over our democracy more than a year and a half after the ex-president tried to halt the peaceful transfer of power. it's an issue that would not be an issue if it were not for the fact that one of our country's political parties turned its back on democracy and decided to harness the terms of auto considerates. we are talking about the republicans. days before what could be the...

of the january 6th bombshell. >> mr. trump then used his free hand to lunge towards bobby engle and as the story recounted to me, he touched his clavicle. >> plus the voter fraud stunt that is quickly imploding on the governor from florida what the governor is mississippi is ordering citizens not to order the water in the state capital. >> the city cannot produce enough water to fight fires, to reliably flush toilets and to meet other critical needs. >> all in starts right now. >> good evening from new york. i'm chris hayes. today president biden was in pennsylvania and in thursday's...