years, marking the central bank s most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned it s at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? reporter: well, victor, clearly inflation is on fire. today the federal reserve officially called in help for some reinforcements. taking aggressive steps to raise interest rates and fed officials are signaling that even more aggressive steps may be needed to get inflation under control. listen to what jerome powell just said. we anticipate ongoing rate increases will be appropriate. the pace of those changes will continue to depend on the incoming data and evolving out look for the economy. clearly today s 75 basis point increase is an unusually large one. from
but you can t break or plans unless you make them in the first place, if all goes as planned, ha. i will be on tonight, hosting the rachel maddow, so answer mounted as well, at the usual time 90 am eastern. hosting the rachel maddow show, tuesday, night tonight, wednesday night tomorrow, and then thursday night, i will be here as well. the all-star team of msnbc colleagues, because thursday night we expect to be doing another primetime recap of the january 6th hearing that is going to happen during the work day on thursday this week. so, we ll see, right? hi tonight, hi tomorrow night as well, my usual 9 pm eastern time and that big special coverage starting at 8 pm eastern on thursday night. after the next january 6th hearing. that is the plan. and the only reason we make plans is so there is something to break when the news gods inevitably throw us ten curveballs at once, and all the plans had to be thrown out the window. we will see how it actually works out if that is the
side. and, the january 6th hearing that was set for this morning aimed at trump s influence on the department of justice has been postponed. we ll tell you what s next for the investigation into the insurrection. good morning. welcome to way too early on this wednesday, june 15th. i m jonathan lemire. we re learning new details about the next january 6th committee hearing which will now take place tomorrow afternoon. a hearing originally scheduled for today has been postponed. congress woman zoe lofgren said it was stemming from an overwhelming demand on staff to produce the videos they have been showing during the hearings. as for tomorrow s hearing, the focus will be on former president trump s efforts to pressure his vice president mike pence into overturning the 2020 results. vice chair of the committee liz cheney, republican, teased ahead hearing new video she posted to twitter. the select committee will examine president trump s relentless effort on january 6
the padres playing great as well. such a great division. can you believe the angels collapse? yankees initiated that and sent them into a tailspin. really? they lost 12 or 13 in a row before they finally won. loaded with talent but struggling a bit. stock futures are on the rise as investors anxiously await the federal reserve s action to tame surging inflation. this as president biden lashes out at republicans for blocking his economic agenda. msnbc s stephanie ruhle will join us to break it all down and the challenges ahead. and we walter isaacson with us. we were talking about presidents and inflation before. jimmy carter, i mean, you know, he had volcker, volcker tamed inflation. right. but there were so many global forces, external forces, you know, we like to think in america that presidents control the economy. there s so many external forces right now. especially now. especially now with two years of covid, the pent up demand. i understand bi
reporter: chairman bennie thompson publicly claiming the january 6th house select committee will not refer former president trump or anyone else to the justice department for criminal prosecution. what i prefer that we complete our work and seal that work with the department of justice. and they will make that call after that. reporter: even without a referral, the justice department would prosecute. but some committee members feel those comments are premature. we have had a discussion about that. i thought we discovered that decision until we concluded our investigation, at least that s my understanding. reporter: vice chair liz cheney pushing back on thompson s statement. writing in a tweet, the january 6th select committee has not issued a conclusion regarding potential criminal referrals. despite the discord in the committee, attorney general merrick garland said he s monitoring its findings. i am watching. and i will be watching all the hearings. and i can as