not a lot. donald trump wasn t going to honor his predecessor when he launched his car spreading the racist birther lie at the 44th president of the united states duly elected twice was not born in this country. that was far from normal but what we saw today said a lot about the office of the presidency, the people we elect to hold it and the peaceful transfer of power to one president to the next. i ve always described the presidency as a relay race. you take the baton from someone. you run your leg as hard and as well as you can and then you hand it off to someone else. knowing that your work will be incomplete. the portraits hanging in the white house chronicle the runners in that race. each of us tasked with trying to bring the country we love closer to its highest aspirations. now, just imagine someone else speaking in that manner. let s be honest. can t. that s what a normal presidency is supposed to be about and today we saw a former president not afraid to make fu
apple podcast, it s feature there. a week from today on september 14th. you will find an apple podcast or wherever you get your podcasts. and a quick sign up to make sure you don t miss. it the news, it does continue, we will hand it over to don lemon. this is don lemon tonight and barack and michelle obama. back at the white house today, there was a time when that would be normal. it would be expected. a former president and first lady back at the house where they lived for eight years, for the unveiling of their official white house portraits. hosted by the sitting president. barack and michelle, welcome home. welcome home. but let s face it. how much normal have we seen for the past three years? not a lot, actually. president trump sure wasn t going to honor his predecessor, not after he launched his own political career by spreading the racist birther lie at the 44th president of the united states, duly elected twice, was not born in this country. that was far fro
yesterday increased interest rates by a quarter of a percentage point, signaling a wait and watch approach to any further rate hikes. this brings the former treasury official and wanted to economic analyst resplendent and gauge this morning wearing his summer suit. it just crushing it right now. steve rattner is with us. steve, looking great. well, if barack obama can do it a press conference, i can do it in also new light as man if i need to. there you go, there you go. it jack of all trades. let s walk through some of these charts steve and we all knew that was coming. a quarter of a percentage point. how significant was it as you read into the numbers? and just as reminder of course we have had this incredible string of rising interest rates and yesterday the fed rose to a five and a half percent rate. the fed in the market think we are at the end of the cycle. we re looking at maybe want to interest rate increases before it all starts to turn down
in with at 6:34 in the morning. a look at the white house there. the federal reserve increased interest rates by a quarter of a percentage point, signaling a wait and watch approach to further hikes. let s bring in former treasury official and morning joe analyst, splendid in beige, wearing his summer suit and crushing it right now. steve rattner is with us. good morning. if barack obama can do it at his press conference, i can do it. i can also moonlight as a good humor man if i have to. jack of all trades. let s start with the expected hike we knew was coming, quarter of a percentage point. how significant was it? how do you read into the number? let s look at this chart right over here. as a reminder, of course, we ve had this incredible string of rising interest rates. yesterday, the fed increased rates to around a 5.5% rate. now, both the fed and the market think we are near the end of this cycle. they re looking at maybe one or two more interest rate increases before it s