thousands of russian troops there. every day the ukrainian troops resist and survive. they are pulling the russian troops away from the front lines in this new attempt. bill and dana. bill: lviv, ukraine, thanks. dana: republicans are laser focused on inflation ahead of the mid-terms talking about it every chance they get. democrats not so much. republican lawmakers using the word inflation six times more often than democrats since the start of the year. karl rove is former deputy chief of staff to george w. bush and fox news contributor. this doesn t work to ignore something and never talk about it especially when you can t hide inflation from people when they go to the grocery store and the gas station every day. they feel it every single day. absolutely. and boy do they feel it. let s take a look at some of the inflation numbers. groceries up 9.9%. gas up 18%. shelter, rent for example 5%.
believe that that tip they have with the texting to the father could be just to throw somebody off. bill: so she has two sons. one age 17 was on a college visit in the state of oregon with his father. she has a 13-year-old boy apparently was home at the time. he must have heard something. you would think he would hear something. they questioned him and they released him to a family member later on. so they questioned him. doesn t mean they can t bring him back in, all right? they got the answers they wanted at the time and they ll see if he recants on anything later on. they ll examine the crime scene right now. it s somebody in the house that was familiar with the area. so you have to look at the son. no doubt about it. you do have to look at the son. bill: what are you watching as an investigator and waiting for? do you look at his phone, his computer? i believe they re looking at all of that right now and put a timeline to her as to when she
this. inflation, what it is and why it s bad and how to fix it is the author of this book. goldman sachs 35% chance it happens in two years. yahoo has a piece that says it may not happen. they could both be right. they sound like weather forecast. there will be a slowdown. the problem is we explain in this book the fed doesn t know how to fight inflation. they increase unemployment. by slowing down the economy. so they say they hope for a soft landing. they will give us a crash landing because there is no way you can fine-tune trying to throw a couple million people out of work. bill: has the fed ever managed inflation correctly? only after a disaster. the early 80s paul volker put us through a terrible time to cure the inflation of the 1970s. since then they ve had a bad record at it. they did a little bit in 1994
interest rates help? there s only so much you can do with exhortation, what are you going to do with meat packers, shame them? detroit wants to sell cars, they don t want to see used car prices surge in the high double digits every year. to that extent, you saw the exchange between senator warren and jerome powell, i m worried in how the fed doesn t have surgical tools and snuff out inflation at the point where it s most worrisome. do you have an economy right now? yes, the stock market is at a record, yes, real estate is at a record, it s affordable for anybody. but if the fed has to hike two, three, four times this year, that will hurt elements of the economy that are people just hanging on.
which is inflation. some wage inflation is good. people need more money in their pocketbooks if they re going to spend. we re in an economy that is 70% consumer spending. but the same time, companies don t want to see runaway inflation and the fed doesn t want to see runaway inflation. that s something going to the point about prices going up, we have seen a lot of gains in the last couple of years in 401(k) values, in home prices, but the fed is getting ready to tighten rates. and pull back on its bond buying program, which is going to probably result in some kind of correction in the asset market. that s because of this inflation. john, the country now has now that we have this report in hand, this rounds out the first full year of the jobs picture. what is the story of the joe biden economy now? he s going to paint the picture, he s going to paint his picture when he comes out to speak to us