FOXNEWS Cavuto Live April 2, 2022 15:29:00
Clip, what difference is a quarter, half point interest rate hike going to mitigate that? >> well, it's not going to. look, the federal reserve has been late to this party all the way through. by raising interest rates, neil, you're talking about cooling off the economy. that's not going to do anything for a gallon of milk or the price of eggs. if -- yet when people have to spend more money on those necessities, what happens? they start to cut back on all the other ancillary things that they would normally spend money on. so that's the impact of slowing down the economy. which i truly believe ...
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