the weekend if you can. these storms on the weekend if you can. big impacts for a lot of teem a lot of people. edward: thanks, rick, appreciate it. coming up, next time schools want to go remote, meet the lawmaker who wants to help students stay in school with cash. we ll explain. but first, this republican hit inflation on the campaign trail, he s an hour away from becoming virginia s next governor. a lesson for democrats in november? we re on it. liz, you nerd, cough if you re in here! shh! i took mucinex dm for my phlegmy cough. what about rob s dry cough? works on that too, and lasts 12 hours. 12 hours?! who studies that long? mucinex dm relieves wet and dry coughs.
thing that will work, if you increase them drastically, which is very difficult politically, so what you need is a real interest rate increase, not 0.1% or 25%, but something like one or 2%, alleviated by short term help from the government. it is the only way we might get out of that, but there are problems of supply and energy and food. isabel, we only have to look to turkey to see the damage that can be done when political motives control central bank and decisions. in this country we at least have a central bank that is, we are told, independent, it was made independent 25 years or so ago by the then incoming labour government, when gordon brown was chancellor. presumably there is an opportunity here for the governor and his colleagues to say, let us hit inflation and let others hit it hard and do so, whatever the focus is in number 10 downing street or whatever the treasury thinks? well, there is, but then you have a problem of covid recovery, if you raise interest rates, which is
to turkey to see the damage that can be done when political motives control central bank and decisions. in this country we at least have a central bank that is, we are told, independent, it was made independent 25 years or so ago by the then incoming labour government, when gordon brown was chancellor. presumably there is an opportunity here for the governor and his colleagues to say, let us hit inflation and let others hit it hard and do so, whatever the focus is in number 10 downing street or whatever the treasury thinks? well, there is, but then you have a problem of covid recovery, if you raise interest rates, which is one way to hit inflation, you make it much harder for an already weakened economy to recover and certainly, you know, any government and indeed the opposition would not be too happy if the recession that we are likely to see is deepened by that, so there is a reluctance, i think, on the part of central banks in general to do that, but ijust
it is the only way we might get out of that, but there are problems of supply and demand of energy and food. isabel, we only have to look to turkey to see the damage that can be done when political motives control central bank and decisions. in this country we at least have a central bank that is, we are told, independent, it was made independent 25 years or so ago by the then incoming labour government, when gordon brown was chancellor. presumably there is an opportunity here for the governor and his colleagues on the monetary policy committee to say, let us hit inflation and let others hit it hard and do so, whatever the focus is in number 10 downing street or whatever the treasury thinks? well, there is, but then
bouncing back strongly. jobless claims down to a 52-year low. but even with all of that, you have today the you have people spending money for black friday, but even with all of that, you have the market slide. and you made mention at the top of the newscast and inflation, making clear that this recovery is rather fragile. what about the state of our economy, black friday today? the market took a hit inflation is up. your thoughts. it appears to me that all of what he said was right. i don t disagree with anything that howie or byron said. you cannot deny the economy is linked to covid. the one way we can assure our security again is to find ways to get vaccinated. i push on one thing president biden, the politics of this shouldn t come to the foreat all. but it likely will. i hope president biden, if he s