to compete with the future. kevin s now part of this next generation of young people who feel they can thrive. tonight on the reidout nobody has any idea where these people are coming from. we know they come from prisons, they come from mental institutions and insane asylums. we know they re terrorists. it s poisoning the blood of our country. it s so bad, and people are coming in with disease. harsh treatment of immigrants, jailing his perceived enemies. donald trump is not hiding his iron fisted authoritarian plans. believe him. meanwhile, the biden coalition that stopped him the last time is showing signs of fracturing. also tonight, call it the clarence thomas policy. the u.s. supreme court announces a new code of conduct, but the loopple holes are big enough to drive a truck through. plus, new reporting tonight on what lawyer jenna ellis shared with prosecutors in trump s georgia election interference case. now that she s cooperating. including that she
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investors and traders. if policymakers of the fed are nearly all in agreement, that more rate hikes are needed, then why pause those rate hikes right now? it is part of the reason very likely that it rests with the relative strength of one key part of the economy. it is the jobs picture. plain and simple. powell makes the point that the labor market is still tight with more demand for workers than available supply of workers. but that he sees signs that those conditions are getting somewhat looser. in other words, more people are joining the workforce and that there are some signs that those wage gains are moderating. still growing, jose, but at a slower pace. powell did also make mention of the banking crisis that we got earlier this year that led to those big bank failures, biggest since the financial crisis, saying that it did serve as a reminder that the fed continues to be and needs to be vigilant on the bank s supervisory and regulatory fronts as well, jose. dominic chu, thank
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it s working together. the job market is strong and inflation is showing signs of cooling off. isn t that what we re looking for? to have inflation cooling and the job market to remain robust, without throwing a wrench into the labor market that would be the perfect outcome. we don t know a year of fed rate hikes how long it will take for all of that medicine to really work. that s what i was going to ask you. there are economists saying by the end of the year they expect to see negative months in the labor market and that there s all of this tightening that s going to be coming in like a brick wall at some point, but it didn t we did not hit a brick wall in april. that was a strong month. look, another important piece of data but still we have i m going to call it the long tale of the rate hikes. that s exactly right. thank you, christine. you re welcome. so there s the jobs picture today and there s also the broader picture of where the
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