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disastrous showing the biggest spike in consumer prices in over 40 years that the fed felt the need to move fast here to take a page out of the playbook of alan greenspan and paul volker with a very big interest rate increase, and they signaled that more aggressive steps are to come because that official said they are, quote, strongly committed to getting inflation back down to 2%. and given that it s nowhere near 2% right now, that does imply more big rate increases to come. as far as why this is happening, i think it s important to think about the economy as almost like a car on a highway, and the fed is the driver. when it needs to speed the car up, it will cut interest rates to stimulate demand. right now we have the opposite situation. it s going dangerously fast, and so the fed needs to slow things down. it s actually slamming the brakes on the economy. the problem here, victor, for the fed is if they don t do enough inflation can go out of control. if they do too ....
Donald trump was told he lost the election. if he refuses to take the soet a oath and testify it seems to be an admission of non-innocence at the very least. we heard from zoe lofgren. she seemed to suggest that the $60,000 paid to kimberly guilfoyle for her remarks at the ralliey at the ellipse that cam from donations to a trump fundraiser, this election defense fund. in fact, we ve learned that it came from turning point actually a donation from the public s to that organization. factually it s not right. she calls it a grift, that s for you two to decide. what do you make of that? is that problematic for the committee? look, the committee at this point, all eyes are on the committee and how careful they re being in terms of how they re communicating every element of evidence to the american people. and so it s enormously important for them to be incredibly clear and accurate, and it does appear that representative lofgren ....