top of the hour here in the cnn newsroom, i m erica hill. good to have you with us on this very busy wednesday morning. countdown is on at this point, six days left now until the midterm elections. this morning a new cnn poll shows republican voters are more enthusiastic than democrats heading into election day. the economy remains a top concern as people cast their votes. cnn is on the trail around the country. also watching today the federal reserve set to hike interest rates again, that is sparking major concerns that the fed s attempts to cool inflation could send the economy into a recession. plus new details about the attack on paul pelosi, today the family is expected to see body camera footage of that violent attack, hear the 911 call made by speaker pelosi s husband. this just one day after the suspect pleaded not guilty to multiple state charges. cnn s veronica miracle is live in san francisco. she begins things for us this morning. veronica, in terms of that 911
executive orders. cnn s matt egan is live in washington outside the federal reserve. so there is a lot of concern about not just what the announcement could do for some people, but also the political implications. reporter: that s right, erica. i am standing outside the one of the most powerful institutions on the planet, the federal reserve, and in just a few hours the fed is going to once again try to chip away at this historic inflation that is crushing families and businesses. now, the fed s main tool to fight inflation are these interest rate hikes. the fed has basically been taking a sledgehammer to inflation with these jumbo-sized interest rate hikes. we are expecting another 75 basis points today. that is big and that would be the fourth in a row. that s something that we never saw under janet yellen or ben bernanke or allen greenspan. you have to go back to the early 80s under paul volker since the
essentially going from small city to small town, rural communities, and going and making sure that they talk to those voters so they can get that turnout out. democrats out on the trail today, of course, senator rafael warnock and democrat stacey abrams and as far as republicans go we ve seen governor brian kemp who appeared with vice president mike pence yesterday and herschel walker sort of hitting those friendly smaller rural communities on his bus tour. again, just a couple days left, erica, of early voting for them to try to get those votes out. all right. diane, live for us in atlanta this morning. busy days ahead. appreciate it. thank you. the white house meantime is bracing for yet another big interest rate hike today. this of course coming with the midterm elections just six days away. the fed still trying to cool off the overheated economy as consumers try to keep up with historic inflation and all of this is happening as president biden tries to highlight his efforts to
fed has had to do figure like this. i think that shows how high inflation is right now but also how stubborn it s been. it s basically been stuck at these 41-year highs. now, feds warn inflation is sending shock waves through the economy. mortgage rates are above 7% for the first time in 20 years. the stock market is having its worst year ins 2008. credit card rates are near record highs and recession risks are elevated. now, history shows that the fed is often late to attacking inflation and then when it does attack inflation they end up going too far. often, but not always, we see recessions following these inflation-fighting campaigns. so, erica, you know, the fed has to get this just right. put out the inflation fire without wrecking the economy and that s not going to be easy. yeah. it is not. i m glad it s not my job. we will be following it. matt, appreciate it. thank you. still to come here, a cnn
top of the hour here in the cnn newsroom, i m erica hill. good to have you with us on this very busy wednesday morning. countdown is on at this point, six days left now until the midterm elections. this morning a new cnn poll shows republican voters are more enthusiastic than democrats heading into election day. the economy remains a top concern as people cast their votes. cnn is on the trail around the country. also watching today the federal reserve set to hike interest rates again, that is sparking major concerns that the fed s attempts to cool inflation could send the economy into a recession. plus new details about the attack on paul pelosi, today the family is expected to see body camera footage of that violent attack, hear the 911 call made by speaker pelosi s husband. this just one day after the suspect pleaded not guilty to multiple state charges. cnn s veronica miracle is live in san francisco. she begins things for us this morning. veronica, in terms of that 911 call and t