reporter: the federal reserve just made history announcing that they re raising interest rates by 3/4 of a percentage point for the second meeting in a row. we haven t seen anything like that in back to back meetings in modern fed history, but we re not in nor times. we re dealing with the worst inflation inflation prices in 40 years. inflation remains elevated due in part to russia s invasion of ukraine and very high food and energy prices. so the fed is stepping in and acting like the firefighter. they re trying to put this inflation fire out. the goal here is to raise borrowing costs and try to cool off red hot demand, and that should hopefully allow supply a chance to catch up. but you know, officials also signaled that they re not nearly done with rate hikes. they said it would, quote, will be appropriate to continue raising interest rates. and here s the problem. they re raising rates into an economy that is already showing cracks here. in the new statement today, the
used for medical reasons. welcome to our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. tonight, former president trump is signaling he s going to stick to his old playbook as he appears poised to run for the white house again. trump seemingly undeterred by weeks of damning evidence presented by the january 6th select committee or by a dueling speech delivered today by his former vice president. here is cnn s chief national affairs correspondent jeff zeleny. former president donald trump returned to washington tonight for the first time since leaving office and picked up right where he left off. i ran for president. i won, and i won a second time, did much better the second time. did a lot better. reporter: what began as a policy speech about crime, immigration and the border turned to grievances as he inched closer to launching a bid for the white house. we may have to do it again. we have to straighten out ou
taiwan in six different locations opening fire. so what is the cost/benefit analysis of this trip here? live from london, this is cnn newsroom with max foster. it is thursday, august 4, 9:00 a.m. here in london, 4:00 a.m. in washington and 11:00 a.m. in moscow where closing arguments are expected in just a few hours in the trial of u.s. back star brittney griner. it is the second hearing so far this week for griner who was arrested at a moscow airport back this february. she is being held on drug charges after being caught with cannabis oil in her luggage. griner pleaded guilty to the charges against her in hopes of securing a lighter sentence. the u.s. has attempted to broker a prisoner swap with moscow, but so far no agreement. fred pleitgen isle following the developments for us from moscow. and this could be the final day, we could get the result. reporter: we could indeed. certainly something that is not set in stone and isn t necessarily on the official agenda.
ballot. that s true. but he is casting a pretty big shadow as he continues to endorse some, it s not always clear, i might add, who he is endorsing, more on that in just a moment. and the timing will be pretty interesting here. it isn t just post january 6th. it s post the first series of january 6th hearings. we ll see whether it impacted voters and which way it did. it hasn t seemed to impact the platforms, though, of candidates in several swing states. some continue to echo the baseless fraud claims and there is a whole slate of them in arizona who are running for top positions like governor and attorney general, secretary of state and senate, you know, consequential office holders for those who run elections. also closely watched, the senate race in missouri. trump has endorsed an eric. okay, but which eric did you mean to endorse, sir? rivals eric greitens and eric schmitt both claim trump meant them and trump for his part has yet to clarify, now, on election night. it s