comes amid new reporting that federal prosecutors have zeroed in now on donald trump s efforts to overturn the 2020 election, focusing on the man himself. the attorney general saying anyone who tried to interfere with the peaceful transfer of power will be held accountable, that includes, he said, a former president or a candidate. trump meanwhile returned to washington for the first time since leaving office. and dropped several more hints about whether he may run in 2024. as he and mike pence held dueling speeches in washington about the future of the republican party. good morning, welcome to morning joe. it s wednesday, july 27th. i m willie geist, we the host of way too early and host of the politico, jonathan lemire and the author of the book the big lie and mike barnicle and katty kay. morning, i want to begin with the investigation to overturn the 2020 election. four people familiar with the matter telling the washington post federal prosecutors have now turne
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i apologize, i ve been up for a couple hours. great callback. anyway, here s what we re thinking, the expectation is what we ll call on cnbc a 75 basis point hike. on normal tv, three fourths of 1%. in other words raising that baseline cost of three-fourths of 1%. we don t know, there are talks that could go bigger all the way to 1%. either way, willie, whatever they do, 75 basis points or 1% going to be one of the biggest rate hikes in recent american history. why are they doing it? because, i don t need to tell the audience, you go to the store every day, they see inflation for themselves. the federal reserve is trying to pump the brakes on the economy. the idea is this, the fed raises rates. banks raise rates. i hate to say it, credit card