levels. we re going to talk about that today. david asman and lauren simonetti will join us and then i m going to speak with brian deese, the top economic adviser to the president. he s meeting with the president right now post this decision from the fed. i will ask him what the president has to say, what the approach will be. all along, the president says things like this. the bottom line is this. i truly believe we made extraordinary progress but laying a new foundation for our economy. and texas politics is in the focus with dana perino co-anchor of america s newsroom and the five and kellyanne conway, author of the new have book here is the deal. it s great to have you on set here in new york. first of all, kellyanne, what is your reaction to the fed move? the president and the people representing him haven t been forthcoming with the american people. and american people have been forthcoming with him. we re hearding, they say. the shelves are bear from infant
president. police were chasing o.j. simpson in a white bronco. this time it s the feds chasing something else. not o.j. on the run, but prices out of control. experts call it getting ahead of the inflation curve. investors like what they saw. will you? after all, your borrowing costs just went up and stand to go up more. the hope is that the tough medicine will work and this inflation fever he break. the only question, of course, is when. we ve got you covered regardless. connell mcshane at the nasdaq and why traders are buying. the guy they call the sarge on whether order is returning. ed lawrence with jerome powell and gerri willis says many are rejoicing. welcome. i m neil cavuto. this is a much more expensive your world. for today at least, rejoicing at the prospect that it won t last very long. at least the high prices. we go to connell mcshane with more. connell? investors more than anything like what they heard from the fed chair, jerome powell, after the decision
this week. the story goes on. so we ll see you back here tomorrow at 3:00 p.m. we look forward to that. meantime, have a great afternoon. your world will get started in nine seconds. have a great day. many thanks. neil: ready, set, hike. fox on top of a fed on fire and a stock market fired up. all because interest rates today rocketed up. you heard us right. stocks soaring on news that borrowing costs are rising. stick with us here. because something very unusual is going on here. the federal reserve today hiking a key interest rate by 3/4 percentage points. that s near unprecedented. you d have to go back to 1994 to see anything like it. back then, bill clinton was