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The fed wants the economy to run kind of cool, create slack in the economy and take pressure off. those three things i d look at, inflation, jobs, and growth. if those three things ease enough, the fed itself can ease back on its interest rates. cnbc s steve liesman. thank you very much for that explanation. it helps me out a lot. nationwide cities have been exploring programs that offer cash assistance to families in need. this week researchers released a report on chicago s program, it s one of the largest in the country, saying it s a crucial step in helping families dig themselves out of financial holes. but opponents say it is unsustainable. nbc s shaquille brewster explains how it works. reporter: every month zanida moore gets a cash deposit from the city of chicago no strings attached. it did take a lot of worry off of me, a lot of stress. reporter: moore is a single mother of three working two retail jobs seven days a week. they all come from perfect attendance or s ....
Activity in school. reporter: she s a participant in chicago s resilient community pilot, a guaranteed income program that for one year gives $500 a month to 5,000 city residents. what is the impact of that $500 every month? relief. my bills are caught up. it helps me throughout everything whether it s bills, whether it s an activity, whether it s grocery shopping. reporter: the $31.5 million program funded by federal covid relief dollars is one of the largest cash assistance programs in the country. cash is a simple and powerful way for governments to support residents who are working hard to regain stability and build a better life for themselves and their families. reporter: according to the city, 71% of participants are women, 68% identifying as black, 24% latino or hispanic. and a new first look report from university of chicago researchers shows the average household income for recipients is just over $15,000. was there anything in here ....
And they didn t all stay in south texas. they re all over the country. and in fact, what wasu bothering, i think, e th the democrats is that you now have a couple of governorswhat i who are making sure the publicde understands what has actually been going on anyway. remember, this isn t the middle of a crime epidemic on a scalenh we have never seen, not even in the 70s. philadelphia, this year will have the highest murder mute in its history. rdatlanta now has a higher pere capita murder rate than chicago. n chicago,rse, i which has a huge crime problem,r the people and the democrats in the state legislature just voted to end bail for cash.d baf so are going to be turning oute criminals back on the street in a way that you mean.al. you have to wonder, are these people just crazy? raditse it s not jus political ? i mean, this is not about being a radical leftist. this is about bein. g nuts and driving businesses out of chicago to, as we know, with mcdonald s now, raising raising the red ....
Due to crime, starbucks permanentlclosed 1y closed 16 sl across the nation and places like seattle, of course, where it all started, l.a., portland,l philadelphia.ik and here union in washington, d like in union station. but the closures have notd stopped. just today, starbucks announcedl they re closing their flagshiped store, been around forue nine years in new orleans due to security concerns. and i just mentioned this with newt. but in chicago, mcdonald s, the ceo there, chris karasinski lighfacing a the same issue and issued a frank warning to mayor lightfoot and governor soc pritzker about the city s crime and social deterioration. rioration.everywhere i go, i m d by the same question these days. what s going on in chicago? make no mistake, though, mcdonald s commitment to the city of chicago isn t corporate altruism. it s not open ended.l it s not unconditional. ope a frank warning, indeed, but the most horrific crime playss t out in bodegas, mom and pop ....
To go it alone. yeah, certainly, there s been some pressure on president biden to be more personally involved with these talks. to this point, he hasn t really listened. or willing to push some in the party towards what he needs them to do. we knew he cancelled chicago. i think that s more optics with air force one, he couldo lobbying from the air. but they want to hear. they want to be a place where the csure rolls. just also from the legislative agenda, we re days from that shutdown as you mentioned, and with mcconnell blocking every method that the democrats have taken so far. at will the democrats do? will they bd the conciliation fearing they might take to it? what options do they have to keep the lights on? well, look, in terms of more immediate funding which is the deadline here they can go to more immediate funding for a bill through the date of their choosing. it looks like a date in ....