dennis and his wife nicole are struggling to find a new home and fear it could soon be out of reach. it has turned into more of a business transaction rather than our first-time home buying experience together that should be fun anden joy oobl. the coming rate heights follow an unprecedented two years. the stock market plugging, worst single-day drop in history. the market was pushed into a steep dive. the fed quickly dropped interest rates to near zero, helping to support the economy and limit the recession. two years later consumers are paying more for everything from food and clothing to cars and gasoline. as we re seeing inflation rise, that is a signal to the federal reserve that something needs to be done. tom costello reporting there. joining us, former treasury official, morning joe economic analyst, steve rattner. good morning. i want to get to your charts in a minute, but what did you make
with us, we have white house reporter for the associated press, jonathan la mere, and author of the book, disarray. we came back. and the yankees. the season is just beginning. oh, my god. for the astros. we ll talk about the astros. i heard, i heard. also with us, former treasury official. the mets have had their run. the mets have had their run. my son thinks they still have a shot at the second wild card spot, but it is not going to happen. how do you recover from that last night. that was rough last night. former treasury official, steve rattner and washington bureau chief and author of the matriarch, susan page. great to have you all this morning. we re going to start with news and politics. we re going to start with the hurricane, a little bit of music, that s fine, we can do that, but everything in its
negotiations. the main sticking paint was over increasing base pay including reducing teacher s reliance on one time bonuses for having students with high test scores or working in a high poverty school. teachers also want to earn more for continuing their education. the superintendent of denver s public schools says the district will rely on substitute teachers and administrators with teachers licenses to keep the schools open. we will be watching that just before the top of the hour. we have msnbc contributor, mike barnicle, national political reporter, heidi, former treasury official, steve rattner and former chairman of the republican national committee, michael steele. joining the table we have democratic senator, sherrod brown, of ohio. he joins us now. joe is under the weather. let s start talking about the
really public/private partnerships where the government and the financial institutions work very closely together. a number of banks do have former treasury officials working there, people who were experts in intelligence, sanctions or money laundering. so they understand, you know, not only what money laundering or sanctions evasion looks like but they understand and internalize the importance of the mission. the investment they made, along with the human capital the banks have brought in, it s really what made this program so effective. david murray, former treasury official. thank you for your expertise tonight and joining us up on the program. the senate judiciary committee released donald trump junior s testimony today and some of it is hard to believe. and lying to the committee is a federal crime. we ll have more on the report of what happened with michael cohen s bank transactions and the president had nothing but bad choices to make in his financial disclosure
beyond just the bank s information. that s right. banks have made a huge investment in monitoring for this kind of activity. and also in sanctions compliance. you know, i mean, really the suspicious activity reporting program, the sanctions compliance programs, they re really public/private partnerships where the government and the financial institutions work very closely together. a number of banks do have former treasury officials working there, people who were experts in intelligence, sanctions or money laundering. so they understand, you know, not only what money laundering or sanctions evasion looks like but they understand and internalize the importance of the mission. the investment they made, along with the human capital the banks have brought in, it s really what made this program so effective. david murray, former treasury official. thank you for your expertise tonight and joining us up on the program.