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as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the december notes from the us central banks last meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak for this cycle. they also agree it will come down this year. but they offered no clues as to how or when that will happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did so 11 times, taking the benchmark rate to 5.5%. inflation, by the time of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first rate setting ....
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We know we are not going to cut doctors by 27%. if we were to do that, there would be no access for seniors. that is not what we want to do. we have come to the table with a program we think is reasonable about structural reform to medicare. just got to happen. otherwise the president has the eye pad in place and obamacare which is going to be a panel of 15 unelected bureaucratic to be making the decisions where healthcare will be paid for. that is on back of providers that doesn t help seniors to get access or quality care. shannon: congressman, as a former insurance commissioner you probably understand the issue better than most. what about medicare, medicaid, social security. should they be on the table? first, social security is not an imminent problem at all. in six or seven years there will be a problem but right now social security is not connected to the deficit. ....
Street? well, my fox business colleague charles payne says he knows and he says wall street is great. so what would you have said to the protesters? i spoke to the protesters. it is amazing to me how how many of their parents probably go to work? a factory that was built on money raised and wall street. how many of their grand parents are alive right now because they got a medical device that was created after the company went to wall street and raised money. they don t connect the dots. people don t get that all this money shuffling which is really mostly gambling ends up in money being directed to with luck its best use and the most successful people get rich because those companies grow and those are the successful medical devices? it could be a medical device. ipad, thee the eye pad, the iphone. the fact of the matter is apple is sitting on $80 billion and created 00,000 jobs last year in china. ....
Really not clear to the protesters. so, what is good about wall street? well, my fox business colleague charles payne says he knows and he says wall street is great. so what would you have said to the protesters? i spoke to the protesters. it is amazing to me how how many of their parents probably go to work? a factory that was built on money raised and wall street. how many of their grand parents are alive right now because they got a medical device that was created after the company went to wall street and raised money. they don t connect the dots. people don t get that all this money shuffling which is really mostly gambling ends up in money being directed to with luck its best use and the most successful people get rich because those companies grow and those are the successful medical devices? it could be a medical device. ipad, thee the eye pad, the iphone. the fact of the matter is apple is sitting on $80 billion and ....