powell. taming inflation, powell warns, will require some painful let s get straight to the business correspondent. powell s warning really led to a jolt on wall street. that s a pretty significant drop. really spooking wall street and main street in terms of the messaging we heard here. we haven t seen a day like this in the market since mid june. every sector in the s&p closed lower today. it was a broad-based sell-off as investors parse through what the federal reserve chairman was trying on get across. he talked about the fed will not stop raising interest rates until they are confident. he said we will keep at it until we re confident the job is done. the job being lowering inflation. the the concern in the markets is that when it is all said and done, we will likely be in a very different place economically in terms of consumer spending, the labor market, and the fear is that we are much more likely heading toward a recession. every time the fed has to be more aggress
struggling to answer questions about the president s new student loan relief program and the criticism it is getting both from the left and the right. this hour we ll break down the plan s benefits and the backlash. welcome to our viewers here in the united states and all around the world. wolf blitzer is off today. i m alex marquardt, and you re in the situation room. tonight, the justice department is up against a new deadline, under orders to release a redacted version of the mar-a-lago search affidavit within the next 18 hours. let s go right to cnn justice correspondent jessica schneider. judge bruce reinhart did not take long to decide on unceiling the document after receiving the justice department s redactions today. he didn t. the judge moving very swiftly. less than four hours after the doj submitted its proposed redactions, the judge agreed to what they were recommending here. the doj has likely been working on this for the past week since the judge ruled they
25 of those with gunshot wounds. now, just moments ago as you may have seen police announced they nowha have a suspect. robert bobby crimo iii, age 22. he is believed to be driving a 2010 silver honda fit, described as a white male, approximately 18 to 20 years old, small build, long black hair, wearing a white or blue t-shirt. police also recovered what they believe to be the weapon,po a high-powered rifle. they said the suspect should be considered armed and dangerous. local authorities have beenns holding a press conference just about every n hour. so we expect to hear from them again soon. obviously, the last update signified significant progress in the manhunt investigation. we re going to bring you that conference once it begins. so stand by here. i want to play you some video that appears to show the moment that this all started. i should warn you, of course, it s really ldupsetting video. you will hear gunshots. you will see people fleeing. and it is in fact very dist
last month. the president seems to think it is all positive. president biden: as we move to stable, steady growth because we should expect to see more moderation. we are not likely to see the kind of blockbuster job reports month after month like we had over this past year. but that is a good thing. that is he can t of a healthy economy. kayleigh: the baby formula and that looming possible recession. there s all that. the president of the issue of gun control. president biden: i respect the culture and tradition and the concerns of lawful gun owners. the same time, the second amendment like all other rights, is not absolute. we need to ban assault weapons and high-capacity magazines. kayleigh: then the reports the turmoil behind the scenes are raising questions about the president s ability to solve the problems that arose on his watch. on tuesday, nbc news reported biden is unhappy about a pattern on his that has developed inside the west wing. he makes a clear and