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Transcripts for KNTV NBC Nightly News With Lester Holt 20240604 23:10:00

circleville police say officer ryan speakman has been fired. the video shows speakman releasing the dog on the driver, who had his hands up despite a state trooper yelling at him not to do it. the federal reserve today raised interest rates again to the highest level in 22 years. chair jerome powell leaving the open fore hikes in the battle against atio tostello i washington. tom, this affects almost every american. reporter: oh, . nsumers and businesses cut back on spending. w, this is the 11t raike since marc of 22, and those moves haveped bring down inflation from 9% to 3% today, but the fed wants inflation at 2%. so, a quarter-point hike today with another rate possible, a move possible in september. higher rates mean mortgage rates could move higher, now above 7%. credit card rates are really affected. we ve seen the average credit card balance now at $5,700 with credit card rates at 20%. itld take 17 years to pay it off if y

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