successful program that we ve gotten this far this fast. remember though that we still think there s a need for ongoing rate increases and we have some ground left to cover here and cover it we will. the latest hike brings the central bank s lending rate hike to 3.75%. 4% is the highest fed funds rate since january of 2008. the astros making history last night throwing just the second no hitter ever in a world series game. carolyn manno has this morning s bleacher report. good morning. pretty remarkable to think about it. there s been 688 world series games and we ve only seen it twice. the last time don larson in 1956 by the yankees. last night it was really exciting. christian javier was the star.
and it is not his gaps. they re trying to play to the msnbc audience as if that captures the electorate in ohio and georgia and new hampshire. their audience members do not say that. that s correct. the lawmakers from that side goes on those shows there and i think they think that s resonating somehow because that s the main topic. is that the base watching? no, i don t think it is the blue dogs or the indep independence. those are the ones you need to win elections, right? not the most hyper partisan on the planet. that whole show is like that and therefore, people watch accordingly. remember the show who wants to be a millionaire, is that your final answer? is that the democrats final statement as far as what the choice is. natural gas is up 28%. inflation is still above 8% and gas prices still above $3.75 and you are expected to think that
messages but they don t always work. and one wonders if they will work this time circumstances quite similar. voters are angry. and can you see it all over the place. so, we will see what he has to say if there is another sweep this time. bret: you know, it s interesting. you asked that question the day after the election of president biden s team was asked whether he will have a press conference. they didn t commit to one. but it s an interesting time to get a president to reflect the day after usually a loss, maybe a big loss like 94. brit, as always, thank you. bret. brit: you bet. bret: the federal reserve pumped benchmark interest rate today three quarters of a percentage point for the fourth straight time. moves range of 3.75 to 4% now. that s the highest level in 15 years. it s the central bank s sixth rate hike this year a streak that has made mortgages and other business loans more
white house. yes, in case you re wondering a little context when biden took office, gas $1.39 a gallon, highest point during the presidency, you will remember this sunday $5.01. and back down $3.75 a gallon. strategic reserve, not a lot of it in the marketplace. a lot of this happening as the communications attained by fox news digital shows the state department has consulted with environmental groups on policies including a potential investment ban. ongoing for claimant, his office with john kerry with equal groups to schedule of paper meetings on the key policy items last fall. on the conversation, a real interesting book. i think biden has executive authority to take a range of steps to end new cofinancing
rates at 3% perhaps going to 3 3.75% and core inflation at 7%, the much greater risk is of not doing enough because i look at economic history and i see there are many times when the fed didn t do enough and so inflation reaccelerated and that i can t find any times in the last 60 years of american economic history when the fed did too much because the fed has got a goal. they ve been very explicit about it. 2% inflation and even if there is something of a downturn or a recession, i don t see any reason to think that there s any real prospect without a lot more fed action that they re going to push inflation durably below 2%. so how high will interest rates have to go, mr. secretary, to bring down inflation? right now, markets are making a judgment that it s going to be