advisor jarret bernstein about the ministrations plan to combat rising prices. plus. the american people are looking for a new direction and house republicans have a plan. congressional republicans say they are bullish on their chances to take the house in november. we are going to fire nancy pelosi. shannon: are they succeeding in making their case to voters? we will show you what our polls say. will speak live with the number to a public it in the house congressman steve scalise about his party s plan should they take the majority. then. this investigation is not about politics. the committee investigating the generally six the right at the capitol votes to subpoena former president trump just ahead of the midterms. what we will ask our sunday pen about the 11th hour move and whether trump would comply. then. these artifacts have never been on display here before but. the most secretive buildings in the country opens up and are jennifer griffin takes you there
advisor jarret bernstein about the ministrations plan to combat rising prices. plus. the american people are looking for a new direction and house republicans have a plan. congressional republicans say they are bullish on their chances to take the house in november. we are going to fire nancy pelosi. shannon: are they succeeding in making their case to voters? we will show you what our polls say. will speak live with the number to a public it in the house congressman steve scalise about his party s plan should they take the majority. then. this investigation is not about politics. the committee investigating the generally six the right at the capitol votes to subpoena former president trump just ahead of the midterms. what we will ask our sunday pen about the 11th hour move and whether trump would comply. then. these artifacts have never been on display here before but. the most secretive buildings in the country opens up and are jennifer griffin takes you there
1981 when ronald reagan was president and battling a recession that seemed endless. a guy names paul volcker was hiking interest rates a full percentage point at a team to squash inflation that proved relentless. when indiana jones was the hottest movie in the country and charles and diana, the hottest wedding ticket in the world. back then bacon cost $1.75 a pound. try more like $7 now. coffee was $2.46 a pound. closer to $6 now. a half gallon of ice cream set you back about $2. nearly trip that will today. some perspective on time and prices. lower and slower back then. faster and out of control right now. we are all over it with lydia hu at a new york city supermarket on how folks are holding up. hillary vaughn on capitol hill where democrats and republicans are digging in. edward lawrence in jerusalem on if those inflation numbers are weighing the president down. why house economic adviser jared bernstein on what costs he sees no longer going up. welcome. i m neil cavuto.
nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. let s begin our coverage with cnn s matt egan live in washington taking a closer look at the fed s big move expected today, matt. reporter: erica, this is shaping up to be an historic day for the american economy. in just under three hours, the federal reserve is expected to take aggressive action to try to tame inflation. prices surging so rapidly that economists and investors now expect the fed to raise interest rates by 0.75%. this is a big deal. some context, just six months ago or so, there was a debate over whether or not the fed would raise interes
so-called red flag laws. enhanced review process for gun buyers under the age of 21. closing the boyfriend loophole. penalties for straw purchases. and clarifying the definition of firearms dealer. eva joins me now. there s a lot to unpack here but the issue is moving forward. it has the potential to become law. jim, it is. it could be consequential. we have not seen any real gun safety measures passed in decades in congress. take the boyfriend loophole, for instance. anyone deemed to have been in a serious dating relationship and convicted of a domestic violence charge would no longer be eligible to buy a gun. previous atempts to pass this have failed under the weight of pressure from the nra. there s also a red flag law provision that allows law enforcement to keep guns away from people who pose a threat to themselves or others, found by a judge. but it sounds like the states would be given the choice to opt in to be given federal dollars for this effort, doesn t seem to