three republican in the house and karl rove will also weigh in. sandra: big show coming up. first, fox news alert. move to the federal reserve that could impact every american. standing by for a major decision that would be the biggest interest rate hike in nearly 30 years. ok, we are waiting for it. hello, i m sandra smith in new, i don t. trace, great to have you. trace: you as well, i m in for john roberts, and this is america reports. fed decision will be a dramatic attempt to cool down the economy, increasing rates would make everything from a mortgage to a business loan to credit cards much more expensive. all this as president biden continues to deflect on inflation. refusing to take responsibility for the administration s role in skyrocketing prices. sandra: the u.s. has a higher inflation rate than many of the other major economies and the white house is promising a new messaging on the economy strategy with democrats ahead of the midterms. we ll dig in, bu
2020 which does seem to ignore the very basic reality that demand was way down, because of covid. and now his top energy official, secretary jennifer granholm is saying it could be worse. in fact, gas prices today over $five a gallon in the united states. if you were in canada, over 6.20, something like that. if you were in germany, you would be paying $8 a gallon. if you were in singapore, $9 a gallon. it s happening across the world. peter: president biden is dismissing any criticism that excessive government spending could be contributing to inflation. even though that is something leading economists and the san francisco fed say has happened. he s watching as the democrats who control congress continue, continue to advocate for more reckless spending and lament that washington does not