a breach of the minesterial code. tonight with the context, the spectator s deputy political editor katy balls and the republican strategist doug heye. hello, welcome to the programme. we have lived through an era of record low interest rates. for years, it was cheap to borrow, while the money put away in savings accounts earned us very little in return. but things are changing. today, the us federal reserve set out an increasingly aggressive approach to monetary policy as it confronts the highest inflation in the united states forfour decades. in the last hour, it raised interest rates by 0.75% which is the biggest jump in rates since 1994. and that has implications for all of us. here s the chair of the federal reserve, jerome powell. the current picture it s plain to see. the labour market is extremely tight, and inflation is much too high. against this backdrop, today the federal open market committee raised its interest rate by 0.75% in anticipation of ongoing increases
in nevada, jim marchant, who was pushing to overturn the election, won the republican nomination for nevada, secretary of state. remember the secretary of state is the chief election official in any given state and adam laxalt another vocal proponent of trump s big lie picked up the nomination to run for the us senate. and that is potential pick up for republicans in novembers mid term election. that s a potential pick up doug, the last time you are on the programme, oh, here is anthony s erica, since he is on my screen. you vejust anthony s erica, since he is on my screen. you ve just popped anthony s erica, since he is on my screen. you vejust popped up. i got a question for doug about where republican bases are, but let s focus first of all on time race, but he wasn t just focus first of all on time race, but he wasn tjust beaten, he was clattered. he didn t even get 25% of the vote. clattered. he didn t even get 2596 of the vote. . . clattered. he didn t even get 2596 of the