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simply saying we have no more shelters, spaces or resources. and new york city mayor eric adams blaming both sides in washington for the crisis. >> it is the irresponsibility of the republican party in washington for refusing to do the real immigration reform, and it's the irresponsibility of the white house for not addressing this problem. paul: let's bring in our panel, columnists dan dan henninger kim strassel and editorial board member kyle peterson. so, dan, what kind of a surge do we expect? is it going to be a big one? >> yeah, it will be a big one. and it's been big. might be...

Now over 5% for its benchmark rate. was it the right thing to do amid all of these financial bank problems? >> well, i think narrowly in the environment we're in they're doing it to stem the risk of inflation but, paul, we have to the take a bigger step back and understand the federal reserve's policies have been disastrous over the last 25 years. trying to hit two targets with one arrow, inflation and unemployment, proving disastrous at both over a 25 the-year time horizon. i think the right answer is to put the fed back in its place. focus on stabilizing the u.s. dollar. that's where they ne...

Principle that the benefits of dollar stability vastly outweigh those fringe risks. paul: what about your response to those who say, you know what? you're just meddling with the independence of the federal reserve. they're supposed on the independent of politics, independent of the political branches. >> well, briefly what i would say is politics isn't the only thing that can capture an institution. managerial bureaucracy can too, a bunch of rogue bureaucrats in the late '90s kid the same thing. what i'm talking about is leadership, principle for the american people, not the kind of corruption...

My main message to americans is stop playing financial god, stabilize the dollar, good things will happen with the economy. paul: you know the fed has by statute a dual mandate, unemployment and stable prizes. are you saying that the congress should repeal the unemployment mandate? >> i would favor legislative reform. but in the meantime, it's had that dual mandate even as long as you have had fed governors and even chairmen in the past who have still understood the importance of dollar stability as an objective. i mean, take paul volcker. he wail, you know, was somebody who focused on stabili...

Border crisis. paul: thanks, khan. when we come back, vivek ramaswamy takes on the fed. we'll talk to the gop presidential candidate about the latest interest rate hike and what role the central bank should play in the american t economy. ♪o emaupts ♪ despite treatment it disrupts my skin with itch. it disrupts my skin with rash. but now, i can disrupt eczema with rinvoq. rinvoq is not a steroid, topical, or injection. it's one pill, once a day. many taking rinvoq saw clear or almost-clear skin while some saw up to 100% clear skin. and, they felt dramatic and fast itch relief some as early...