keilar. and a flurry of new developments overnight surrounding the january 6th insurrection, just hours before the next hours gets under way. the new york times reports previously undisclosed emails from trump lawyer john eastman claiming he was aware of a, quote, heated fight among supreme court justices over whether to take up a case on the 2020 election. but even more than that, the times reports a response from another pro-trump lawyer, quote, odds of action by the supreme court before january 6 will become more favorable if the justices start to fear that there will be wild chaos on january 6 unless they rule by then either way. this was about two weeks this email before the insurrection. the times says this raises questions about a link to the idea of the violence that ultimately took place. much more on this in just a moment. but first cnn is learning exclusively what an adviser to former vice president mike pence will say at today s hearing which focuses on th
nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. let s begin our coverage with cnn s matt egan live in washington taking a closer look at the fed s big move expected today, matt. reporter: erica, this is shaping up to be an historic day for the american economy. in just under three hours, the federal reserve is expected to take aggressive action to try to tame inflation. prices surging so rapidly that economists and investors now expect the fed to raise interest rates by 0.75%. this is a big deal. some context, just six months ago or so, there was a debate over whether or not the fed would raise interes
years, marking the central bank s most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned it s at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? reporter: well, victor, clearly inflation is on fire. today the federal reserve officially called in help for some reinforcements. taking aggressive steps to raise interest rates and fed officials are signaling that even more aggressive steps may be needed to get inflation under control. listen to what jerome powell just said. we anticipate ongoing rate increases will be appropriate. the pace of those changes will continue to depend on the incoming data and evolving out look for the economy. clearly today s 75 basis point increase is an unusually large one. from
appreciate it. and thanks at-home for joining us this hour. happy to have you here. you are getting more of me than you bargained for this week, i m sorry. if everything goes as planned which honestly is basically never, in the news business, but you can t break your plans unless you make them in the first place, if all goes as planned, i will be here tonight hosting the rachel maddow show and tomorrow night as well, and my usual time of 90 am eastern, hosting the rachel maddow show tuesday night tonight, winds and a tomorrow. and then thursday night, i will be here as well, with an all-star team of all of my msnbc colleagues. because thursday night we expect to be doing another primetime recap of the january 6th hearing that is going to be happening during the workday on thursday this week. so, we will see. right? hi tonight, hi tomorrow night as well, my usual 9 pm eastern time. and then big special coverage starting at 8 pm eastern thursday night, after the next january
i m brianna keilar with john berman this morning. we begin with major news just in, president biden will officially be making a controversial trip to saudi arabia. what was really an open secret is now being confirmed by the white house. the middle east trip next month will include visits to israel as well as the west bank. the controversy surrounds what biden said as a candidate, he vowed it punish the kingdom and make the saudi crown prince a pariah for the assassination of journalist jamal khashoggi. arlette saenz live at the white house with this official announcement, arlette. what are they saying? reporter: well, john, those comments from president biden appear to be in the rear view mirror as he is now preparing to travel to saudi arabia next month. the white house saying this will be part of a broader trip to the middle east, spanning from july 13th to july 16th, starting with those stops in israel and the palestinian west bank. the president will then travel on t