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Transcripts for MSNBC Chris Jansing Reports 20240604 17:04:00

Behind the eight ball on this one. raising rates too slowly, and chasing a flood of money into the economy really over the last ten years. i start with a housing crisis when we had a massive economic stimulus to help the economy recover, then you poured money in with the tax cuts, more economic stimulus during the emergency with a pandemic. as a result, the fed right now is trying to raise rates, but it s like the cat s out of the bag, and it s a very, very challenging environment right now. in fact, jamie dimon is predicting we ll see oil hit 150, $175 a barrel, and most experts already believe we will see $5, $6 a gallon gas across the country within a few months. the situation here is really challenging for this administration and the fed trying to get this under control. you just can t get away from the fuel prices, tom. yeah. even if it means it will cost ....

Economy , Money , Rates , Stimulus , Ball , Housing-crisis , Flood , One , Ten , Eight , Fed , Pandemic