We Loosen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

where they are, let's keep them high to show financial markets that we are serious about fighting inflation and wait until it comes down before we loosen. of course the criticism here is that, and the bank's own analysis shows that, that it takes 1.5 years for the full effect of interest rate increases to ripple through the economy, so we might well be in a situation where we have kept rates very high for quite a while and that is really pummelling the economy, we are getting low or even negative growth and inflation is even below target. so it's understandable why the bank of englan...

good to be with you, i'm alex witt in for katy tur. we're right now following breaking news out of washington where the justice department has just announced it will not prosecute attorney general merrick garland for contempt of congress saying in a letter that garland's refusal to hand over audio of president biden's interview with robert hur to gop lawmakers was not a crime. joining us now from capitol hill is correspondent julie tsirkin. so let's interpret what this all means. i guess the implication being this was a political maneuver by congress. >> reporter: first of all, alex,...

Nuclear enrichment, if you can prove that. what do you think, is netanyahu right? >> yes, israel's prime minister is 100 percent right. this is an idiotic deal. the iranians based on the details we know thus far, bill, the iranians give up nothing. destroy no sentry fumings, they reverse no processes. they take a very brief timeout while we loosen sanctions enough to rescue their collapsing economy. bill: why would we do that? >> sanctions have been working, and we're going to throw it away. bill: why would we do that? >> several reasons. believe it or not, there's a tie-in to obamacare. the a...