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Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20211122 18:39:00

violence. last night people in waukesha were gathered to celebrate the start of a season of hope and togetherness and thanksgiving. this morning, jill and i and the entire biden family and i m sure all of us pray that that same spirit is going to embrace and lift up all the victims in this tragedy. bring comfort to those recovering from the injuries and wrapping the families of those who died in the support of their community. we are all grateful to the extra ordinary work of the first responders from law enforcement to the emergency room doctors who are working around-the-clock to deal with the terrible consequences of what happened last night. my administration is monitoring the situation very closely. sandra: that was the president a short time ago. fresh off that happening yesterday with the mother who was there with her 12-year-old daughter and nieces that we spoke to at the top the hour. children still fighting for their lives in the hospital. trace: 18 children were

Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20211122 18:42:00

problem is. jay powell and lael brainard are excellent picks. they continue the bipartisan tradition. that s really important. the same person president trump picked had put into that job four years ago. i agree with doug, they need to prove it. they need to change. you heard some more serious speeches about inflation coming from the fed lately. the sooner the act, the less they ll have to do. if they get too far behind the curve, that s when you have to take dramatic steps. they should try to avoid that. sandra: do you have a confidence that s going to happen, douglas? i am reading through some of the twitters fear reaction. i ll give you katie pavlich. president biden explaining how the federal reserve chapman will address climate change, how about inflation? he did acknowledge both. i ll give everybody that. shouldn t there be a bigger emphasis on inflation especially

Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20211122 18:17:30

Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20211122 18:17:30
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Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20211122 18:36:00

preserve the independence and we need people of character and integrity who can be trusted to keep the focus on the right long-term goals. i m confident that jay and lael are those people. i would like to give both jay and lael an opportunity to say a few words and we re going to start with jay and then i m going to turn to lael. jay, the floor is yours. sandra: you have been listening to president biden with his announcement of the renomination of federal reserve chair jay powell. you can see him taking to the microphone. the president calling his way as federal reserve chair with a steady and decisive leader. although prices have spiked, jay powell has called them transitory, as you know. said that they are only temporary. and said that they are factors. inflation is due to factors due to the pandemic. really interesting. as you know, i m knee-deep in most of this stuff.

Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20211122 18:37:00

here the president, after jay powell, through all these price spikes and inflationary concerns that we are all living through, jay powell has not acknowledged them as serious as we are experiencing them. in fact, he has said that what we are seeing should ease on its own. president biden just said we are now in a position to attack inflation. it sort of contradicts what jay powell has said. jay powell by the way has been criticized by many on the left including larry summers who said that the fed has completely missed the inflationary red flags that popped up very early on. even elizabeth warren is not have the with his handling of the economy, calling it a dangerous calling him a dangerous man, saying he has water down the banking regulations that were imposed in the wake of the financial crisis. this is happening. he is re-nominating jay powell. they are speaking there from the white house. trace: i know that you are very much immersed in this, the whole concept of this is that

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