and the prices of goods still remaining as high as they are. the federal reserve just made a move that it even admits could put more than a million people out of work by the end of 2023, but it says this move is necessary to tame inflation. today s interest rate height of a quarter point is the federal reserve s ninth consecutive increase, but the end may now be in sight. cnn s julia chatterley joins us now. of course, this all is this fight of being able to fight inflation, but also with the banking issue that we ve seen lately. play out. it did cause them to do a little less than we had expected. it s a very delicate balance. they re trying to find an all solutions. and options hurt. we ve got inflation hurting. we ve got interest rate hikes, hurting economic slowing, hurting, too, and all of these things combined, and we discussed today but what i wasn t expecting to sort of steel. the oxygen from the moment was what became a sort of janet versus j off with regards what s going on w
decision that was made today that is likely to impact everyone in america. it s about inflation, of course, amid concerns about banks collapsing and the prices of goods still remaining as high as they are. the federal reserve just made a move that it even admits could put more than a million people out of work by the end of 2023, but it says this move is necessary to tame inflation. today s interest rate height of a quarter point is the federal reserve s ninth consecutive increase, but the end may now be in sight. cnn s julia chatterley joins us now. of course, this all is this fight of being able to fight inflation, but also with the banking issue that we ve seen lately. play out. it did cause them to do a little less than we had expected. it s a very delicate balance. they re trying to find an all solutions. and options hurt. we ve got inflation hurting. we ve got interest rate hikes, hurting economic slowing, hurting, too, and all of these things combined , and we discussed today bu
dollars? should this really rely on american people in illinois who can barely pay their bills to fit the problem that california has created? look come i live in california, but this is not right and not fair to anybody across the nation to bail out the failures in california. but the truth is, newsom is a very political animal. he still considered the presidency but does he have something over biden, look, go ahead and bail us out and i won t run against you. there is a lot of back talk going on. but newsom went to biden to ask for a bailout on the banking issue. don t be surprised if he comes in the future asking for a bailout of his planned reparations plan. ashley: gavin newsom tweeted this back in 2020, dr. should be able to write prescriptions for housing the same way they do for insulin or
looking into the future, and we have an obligation to protect the safety and soundness of the banking system, and without a banking system, our economy will crash down, so we have to do whatever we can to protect the banking system and our depositors. when are you going to know that the banking is past the scare? the way that christine romans is describing it is that the fire is out and the embers are still burning. if we can prevent a surge in mass redemptions and deposit withdrawals, and the banks have enough liquidity to honor the deposit withdrawals, that is the rate at which there is stability of the banking issue, and the
bank of england did and pause, i think we will get 25 basis points, inflation is still a factor and causing food and protein prices to continue to move north. i think they will say no, we can t stop now, we had that banking issue. the whole thing around silicon valley bank was around payroll. sunday night every bank was talking about the fact banking at silicon valley bank, signature bank couldn t make payroll, everybody has forgotten the federal government has already set aside billions of dollars that most of the businesses have never reclaimed in the employment retention credit. all of a sudden, certainly in my portfolio, every single company today is saying wait a minute, what about payroll credit, everybody is going after it and i will become a huge advocate, too, that is an existing program that exists. no question about it.