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Transcripts for FOXNEWS Your World With Neil Cavuto 20240604 20:37:00

price spiral that is worsening each month. the president is in denial about this. as he was about inflation in the worker shortage. the sooner that he admits there are some real problems in the economy and take steps to address them, i don t think we ll see the relief that we hope for. neil: you weren t a big fan of the spending during the trump years. you felt that we could be overdoing it. it is what is it is and here we are now. it all rests, congressman, at the lap of the federal reserve and will have to raise interest rates a lot. if you buy the consensus argument that they raised it a half a point and another half after that and keep doing so, that could test this economy. what do you think? yeah, i think it will. the fed waited way too long as you know. in fact, they were sort of empowering congress, begging congress to create more stimulus for longer. so they re part of the problem.

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