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Transcripts for FOXNEWS FOX and Friends 20240604 10:32:00

it s big. inflation people are concerned about it. that guy you just watched jerome powell he got way behind on inflation starting last year which is why we are in this spot. now they start increasing interest rates. that s going to be a big deal if they stick with it. the question right now is will they do that because there is a lot of pressure for them to moderate on this because they know if they raise interest rates, the r word comes into play here. it s recession time. that s the risk. he is down playing that risk right now. but i think a lot of americans are looking around and saying we are in a precarious spot. so this was a big move by them. but they have got to stick with it we are in this position because jerome powell and the fed and the biden white house got way behind on it. pete: by stick with it, dum doyou mean more rate increases. their interest rate just under 1%. 1% interest rate. if we are going to kick

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