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and i m erica hill. kate bolduan will pick things up righ t now. [ no audio ] as they wait for the city to release videos showing police officers beating tyre nichols. the city s police chief spoke directly to this overnight. describing the video as heinous. that is the word that she used and she s pleading with residents to not react violently when they see it. we know that nichol s family has already seen the video. the family attorney said that it shows officers beating nichols, quote, like a pinata for three minutes after a traffic stop on january 7th. nichols died three days later. the five officers involved in the traffic stop have already been fired. the police chief also spoke to that overnight in that video saying that this was not just a professional failing, but also a failing of basic humanity and she said that there are additional officers also under investigation. the nichols family for their part is calling for murder charges now. and we ve just learn ....
Interest rates and that is appropriate. that is what we wanted. we haven t had a major slowdown with the aside from the covid blip which was its own thing in a very long time. and in fact, business cycle has been stretched out. we have easy money for a long time. we re due for a softening. but we don t want to crash the economy as you re trying to deflate that bubble. so what this says to me is that the administration and the fed is doing a pretty good job so far. now, i m going to be watching really carefully though in the next couple of quarters, as that stimulus money that that $2 trillion money dump that we got following the pandemic begins to wear off. are consumers still spending some how many more job cuts will we see outside of the technology sector can probably needed to make some. these are the big picture questions. but so far so good. and consumers are spending. one thing that we ve seen. and kind of putting this altogether and looking forward, our colleague matt egan ....
We ve known each other for decades, we used to talk about the idea when the market went down, people expected the fed to bail everybody out. so you could just hold equities through the downturns and trust that greenspan would save you. i think consumers are acting as if they think there s something which i m calling a covid blip, the belief that if it gets problematic next year in the economy, the governor s just government s just going to mail them checks. i think that people clearly, you know, mt. past when hay saw a couple negative quarters like we saw would start doing bumper stock bakery, they would roll back their consumption, not make purchases of new cars and things like that. but they re partying right now, again, like it s 1981. and so my view is with all that credit that they ve built up that we re going to see the payment for that next year which is why all the wall street folks think we re going to have a version. paul: all right. kevin hassett, a sobering report. thanks ....