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even though the president was face-to-face with the fed chair today, he says he's still staying hands off. >> my plan is simple, respect the fed, respect its independence which i will continue to do. >> even though biden wanted interest rates raised is not an economic cure without its own side effects. >> put jerome powell in a box. they have to raise interest rates. when they raise interest rates, it makes it harder to buy a home, usually make the stock market go down as we've seen. and that will affect people's 401(k)s. jerome powell doesn't have a lot of options. >> republicans sa...

candidate go to a heading to clarenville the winner, sound familiar? plus, the growing threat of violent extremism all around the globe. why are these ideas especially dangerous here in america. and wall street seems its worst day since 2020, while a lot musk seems to be trying to tweet himself out of his takeover deal. we'll break it all down, as the 11th hour gets underway on this wednesday night. >> good evening, once again, i'm stephanie ruhle. 174 days until the midterm elections. right now, a race that is crucial in the battle for the senate majority, remained undecided in penn...

ahead of one of the busiest travel seasons of the year. national average price for gallon of gas is $4.57 now. that's up 5 cents from yesterday. 17 cents from one week ago. and the national shortage of baby formula causing a pair of hospitalizations in this country. the biden administration is defending its policies as criticisms pile up and they're promising more action. in fact, we are getting breaking news at this hour that the administration is going to deploy the defense production act on baby formula. just getting word about this at this hour. correspondent mark meredith is at ...

at the highest levels of inflation in 40 years and prices are soaring, especially at the gas pump which just set another record high this morning at $4.40 a gallon. the markets already reacting. yesterday the dow tumbled for the fourth straight day as investors began to sour on the u.s. economic outlook. some on wall street warning of a recession because of inflation possibly as soon as next year, mika. >> that's one reason why president biden addressed it in a major white house speech, calling inflation his top domestic priority and trying to shift blame for rising prices by attacki...

More consumers expect long-term inflation to climb, according to new data from the Fed, as they aim to pay down card debt.