disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it s nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it s important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it s going dangerously fast, and so the fed needs to slow things down. it s actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don t do enough inflation can go out of control. if they do too much,
which do you think is unravelling faster? the biden white house or the january 6th committee? for over a year, democrats suggested that congressional republicans had led groups of visitors on so-called recon missions on the capitol on january 5th, 2021. remember that? the implication was obvious that republicans, elected officials, were in on the plot. they were insurrectionist themselves, the smear all began just one week after january 6th. i was really shocked when i got into the house office building and saw these groups inside. there would be no tours allowed, even tours given by members. and so the only reason you d have a visitor is on official business. so to see these groups around the capitol complication was really striking. laura: okay, that mikey cheryl needs to be thrown out of office. new jersey, save yourself. the charge then gained momentum around one particular congressman, georgia s barry louder milk. what we re lettering about laweder milk is he was
that. make no mistake, tonight s so-called hearing is not in good faith, it is not an honest probe into the security breakdown on that fateful day, and we will prove that to you tonight. instead, it is a made-for-tv smear campaign against president trump, featuring sliced and diced video that fits their predetermined political narrative from the very beginning, accompanied by the biggest trump haters on capitol hill. every single person on this committee is on record hating president trump, and they all voted to impeach him. now, people who support donald trump were not allowed to participate on this illegitimate, hyperpartisan committee, and sadly, those running the circus are not interested in what went wrong. they are not interested in what actually happened. they are purposely omitting what is critical information. we will tell you about tonight, and we will show you tonight, that will reveal where massive security failures did occur, and beyond that, show you the people
tonight, the january 6th hearings. good evening. thank you so much for being here with us tonight. we know that you have a lot of options for where to watch and how to watch tonight s hearing. it makes us all the more grateful that you have chosen to be here with us on msnbc. i m rachel maddo with joy reid. tonight is a big night for us. a big night for american democracy. we have had a few other instances in our modern history of big, public hearings. all the networks scuttling their schedules to air the proceedings live, but none of us have ever covered something quite like this before. the january 6th investigation is about the first time in american history that the transfer of power between presidents was not peaceful. tonight in the ornate cannon caucus room inside the u.s. capitol the january 6 ths investigators said they would give them a skralg amount. the investigators plan to show video footage from the attack that s never been seen by the public before, including
backed tournament. and they re doing it for the money. wait till you hear much. let s go outfront. i m erin burnett. outfront tonight, they are going to go nuts. that s a direct quote from a republican congresswoman, talking about trump supporters the day before the january 6th riots. saying she was very concerned about what was to happen the next day and she asked the house republican leader kevin mccarthy to come up with a safety plan. i m not just giving these quotes from somebody said she said. no, it s all on tape. and part of new audio just released from new york times reporters alex burns and jonathan martin. here is congresswoman lasco on january 5th, 2021. i also asked leadership to come one a safety plan for members. i m actually very concerned about this, because we have who knows how many hundreds of thousands of people coming here. we have antifa. we also have, quite honestly trump supporters, who actually believe that we are going to overturn the elect