to help us make sense of it all than larry kudlow. he ll be here later on this hour. sandra: midterm elections and alarming new numbers for democrats, even though americans say money is their top concern heading into this election, the president is once again turning his attention to maga. all right, well, democrats struggling with midterm messaging and running out of time to fix it, less than one week to election day. john: key voting groups moving red and in big shifts. suburban white women and latino voters could be key factors on tuesday. sandra: we will be speaking with virginia republican congressional candidate yesli vega, military wife, mother, and law enforcement officer who says it s no surprise. john: the president adding a last-minute speech to his agenda, the focus, protecting democracy. sandra: critics say it s more anti-maga talk when he should be talking about inflation and crime. now it s inflation and crime, and education too. if you are not payi
determination. their models, you know, forecasting models are not fabulous. their track record is not fabulous. remember, it was all going to be transitory, turns out not to be so transitory. so i don t know, and i want to hear what powell is saying, ok. i don t know if he s pulling back. it s called a step down, that s the language of wall street, is the fed making a step down, instead of raising 75 again next month, sandra, they might only do 50 basis points or 25 basis points. sandra: you have to forgive me, i m watching the dow and i had to check and make sure there was not an error. it just fell 400 points. this is obviously because jay powell is speaking. this is the ambiguity associated with this word salad business i mentioned. sandra: it takes a second for the graph to catch up. extraordinary what goes on. and this is why the federal
federal reserve. harris: so the federal reserve is expected to move interest rates a little bit higher, talk to me about that and we may only be just a few seconds away from the president stepping up to the lectern on the white house to talk about this but i want to get that answer from you. the federal reserve shouldn t be manipulating interest rates, the fed is also sitting on one and a half trillion dollars of cash ready to flood into the economy and so they believe the prosperity caused inflation so they were slow to respond to inflation and what they may do is overreact to inflation so again, government problem, not the american people. harris: we are inside of a two-minute warning, gas prices now tied for a seven year high. up from $2.44 a year ago. what is driving this and look in the administration do that it s not doing? with the administration should do is stop waging war on
that forces businesses to raise wages but it hurts businesses, raising prices, less money for investment to expand those businesses which means less future productivity which means a lower standard of living than we would have had otherwise. very, very basic. so the blue states versus the red states in terms of employment, in terms of economic growth. the states that are opening, the states that are having positive incentives there are doing far better than the states that are doing what sadly michigan is continuing to do, unnecessarily lag in terms of recovery. harris: real quickly inflation seems to be runaway. will it curb itself or does it need help quickly? it needs help in terms of don t put on new taxes and regulations. let this work it out. the other thing is the federal reserve shouldn t be ready to print a lot of new money. it will be back in the 70s with
second from the perspective of our viewer who might be a potential buyer or seller of homes. the reality is, we may see what don is saying. we may see further lowering of the median price of a home over the course of the next year, but we are likely to see slightly higher interest rates. if you are a buyer or a seller, how do you read these tea leaves and decide what you re supposed to do over the course of the next year? it s pretty hard to. for buyers, they should rends that we re seeing a normalization of policy toward the housing market. the government shouldn t be in the business of bribing people to get new homes and it s getting out. the federal reserve shouldn t be in the business i m going to stop for you a second. when you say normalization of policy, you mean, we re going to stop keeping interest rates really, really low. which mean it s going to become more expensive to buy a house. absolutely. which means the tax credits go away. if you re on the buyer s side, now