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Transcripts for CNN CNN News Central 20240604 18:22:00

jerome powell. though inflation has moved down from its peak, a welcomed development, it remains too high. we are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we re confident that inflation is moving sustainably down towards our objective. powell also said that the economy is growing faster than expected and americans are still spending a lot, which is good news and bad news because those trends do fuel inflation, which is giving us this weird kind of mixed bag economy. the good news here, and there is good news, the jobless rate is near historic lows at 3.5%. gdp, the best measure of economic output is at 2.3%. and retail sales keep beating expectations, too. on top of that, the markets are still trading near record highs. of course there is some bad

Transcripts for CNN CNN News Central 20240604 18:02:00

meanwhile, donald trump is attempting to make the most of his arrest, trying to fund raise off of his mugshot. we ll have all the details ahead. also ahead, those mortgage rates at a 22-year high and they may not be dropping any time soon as inflation remains high. federal reserve chair jerome powell says even more interest rate hikes are on the wall. we ll talk about that and how it plays into this jekyll and hyde economy. all of that and more here on cnn news central. from the 45th president to inmate p01135809. last night the world saw america s first-ever presidential mugshot after donald trump surrendered on rico charges as they re known in

Adam Provan: Former Metropolitan Police officer jailed for 16 years for raping woman and teenager

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