The president admits the act with a lot of green goodies could have gone by a different name. What are they celebrating . Like i said, the Inflation Reduction Act didnt bring inflation down. Today we look at what and specifically who did. Prices are down, but price hikes still are not. And a key interest rated just closed at a 15year high. Lets go to Jacqui Heinrich at the white house on the fastmoving developments on who gets credit and whether its a birthday debby down to say its not the white house when it comes to inflation or this Inflation Reduction Act. Jacqui . Hi, neil. Yeah, we got out of the east room where the president held the 1year anniversary celebration. It was a classic joe biden event. He whispered at one point, yelled at another point. He said the Inflation Reduction Acted is working. He called it a key part of bidenomics, touting jobs creation, specifically in manufacturing and new investments in climate, even though he didnt get in to the fact that now the estimat
herman cane, michele bachmann in 2012, and carson in 2016. they flame out before the vote ing begins. when ramaswamy making attention for himself, and sweeping of his rivals being bought and paid for, he left a smaller figure than he came on to the stage and probably reaffirmed the limits of how far he is able to go. interesting. i would have thought maybe he might have distinguished himself with all of that political bomb-throwing. we ll see whether he did. he did. but i think in a way, that also reinforces you can only go so far, i think, with that kind of messaging. right. trump loomed large, even in his absence. for the most part, the candidates avoided talking about the 40-point elephant not in the room, as the moderator said. was he really the big winner here? yeah. yeah. in the context of the republican
well, i think that s right. and he faces a big decision. if he doesn t show up, then he s going to give the stage to all of his potential competitors and maybe one or two or more are going to strike some very responsive chords with the voters. on the other hand, if he shows up, he can count on being the pin cushion for the evening. everybody is going to be going after the frontrunner. but there are pluses and minuses to each. i don t think we have any idea of how it s going to pan out. he has said he s not going to show up, that he s neither going to sign the pledge he would support the nominee of the republican party nor show up saying why should i show up if i m way out in front? but, you know, there s this is a delicate thing. and debates, you may remember, when we had the 2012 debates, for example, in 2011 and 2012, it went back and forth. sometimes romney had a good night. sometimes gingrich had a good night. sometimes herman cane had a good night. we can see that here.
support behind whoever emerges from this process. i was not at any of those meetings so i can t comment on what the president may or may not have said. i just want to pick up on heidi s point about wbuttigieg momentum. i would just caution people to be very, very careful in looking at polls in iowa at this point months before. i have to tell you that in 2011 just a few months before the iowa caucus every poll said that herman cane was going to win. it ends up being rick santorum and romney is the nominee. the nominee ends up being john mccain. these iowa polls are all over the map. at this point before the actual caucus they are pretty consistently unreliable. thank you very much.
check on cnn business now. after two failed attempts, president trump has put up two new selections for the central bank. christopher waller and judy shelton. trump announced his plans in a tweet tuesday, but it s unclear when he ll make the nominations official. waller serves as executive vice president at the federal reserve bank of st. louis. shelton is a longtime fed critic who has publicly supported trump s views on currency. in a paper last year she wrote, quote, we make america great again by making america s money great again. trump s previous nominees steven moore and herman cane withdrew after criticism. there s also a nomination for europe s top stop, christine lagarde has been tapped as the next president of the european central bank. an appointment that would make her the first woman to lead the