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Transcripts for FOXNEWS America Reports With John Roberts Sandra Smith 20240604 17:34:00

it s going to take drastic moves as far as what i can see he said today, he s not planning on that. no he is not. he is not voelker by the way, long ago, so long ago i was a secretary or an assistant to voelker before he ran the federal reserve and i m proud of that. he is going to look at this. of jay palace is talking the tarpley s not walking the walk. raised by one quarter of a point. he is saying 50 basis points more, so that would make it three quarters. as you know the inflation rate is 8.5%. call at six or 6.5% like the wage track or something. you have to have the target rate above the inflation rate so the real rate is positive, okay? so let s say the underlying inflation rate is 6. that means it should be 7 or 8.

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