Mcconnell freezes for the second time in front of reporters. The senate has become the most privileged nursing home in the country. Are americas Aging Leaders becoming a liability . Ill speak with franklin foer, the author of the last politician, a new book about President Biden, with an inside account of how the oldest president in history operates. And buy american. The u. S. Warns china that american businesses may stop investing if conditions do not improve. Otherwise, its too risky, and as i said, uninvestable. How escalaing tensions with china made it far worse. Ill talk to Commerce Secretary Gina Raimondo. Joining me for insight and analysis are nbc news chief washington correspondent andrea mitchell, jake sherman, cofounder of punchbowl news, former Homeland Security secretary jeh johnson, and republican strategist sara fagen. Welcome to sunday. Its Meet The Press. From nbc news in washington, the longest running show in television history, this is Meet The Press with chuck tod
from its peak of 9.1% in mid 2022 tojust 3.1% in november. that is above the fed s target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. still, for wall street, all three major markets finished higher and the dow jones industrial average jumped more than 500 points to a record close. this is the third time in a row after all that central bank decided against another rate hike. for investors satisfied that the fed is done, the only question on their minds is when will the fed start cutting them? that s happened in the us overnight. i talked to someone from t rowe price earlier and asked her what the fed s decision means the rest of the world. i think this is a very good question on what we have seen during this business cycle is that the fed and the us rates tend to lead other markets so that is one way we can take signal from what s happening here. there has been enough progress on inflation that makes the fed feel comfort
to ease rising prices. data you may recall this week showed a drop from its peak of 1.9% in mid 2022 tojust 3.1% in november. that is above the beds target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. still, wall street, all three major markets finished higher and the dow jones industrial average jumped more than 500 points to a record close. this is the third time in a row after all that central bank decided against another rate hike. for investors satisfied that the fed is done, the only question on their minds is when will the fed start cutting them? investment firm t row what happened in the us overnight? i talked to someone from t rowe price earlier and asked her what the fed s decision means the rest of the world. i think this is a very good question on what we have seen during this business cycle is that the fed and the us rates tend to lead other markets so that is one way we can take signal from what s happeni
with the chinese minister of commerce in one of the main topics of discussion will be the technology will we have here been hearing about. relations can turn you to be tense as the us works with its allies to block china s access to advanced semiconductor chips with export controls in place, the us says they are worried the us says they are worried the technology will be used by china s military at a time when geopolitical tensions between the two are incredibly fraught. in retaliation to that, beijing restricted shipments from the prominent ship company maker micron technology and find a consulting group million for doing under approved statistical work entertained by chinese nationals who are working for the company back in april. gina raimondo has said there were s to top economies need to have some kind of stable relationship and many big american companies that are