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Western hysteria, basically blaming what we re doing right now as the cause of this entire crisis. of course, we didn t move those troops to the border, but we are starting to see a little bit of an uptick in the kind of rhetoric we saw, for example, back in 2014 in the lead-up to the annexation of crimea. we heard putin today at the press conference with chancellor scholz saying there s a genocide in donbass. we ve seen talking points like that kind of ratchetting up slowly on russian state media. hasn t surpassed the war hysteria narrative, but if those two were to flip places, that would be a strong indication they probably are considering going in. matt, do you just get the sense, though, is he buying time for now? he hasn t made a decision but is content on buying more time? reporter: i think so. i mean, you know, there s ban lot of talk today about is putin signaling he s ready to de-escalate. it s hard to see that. they re throwing out a lot of ....
Leaders, and that is critical because the european partners and the top economic leaders are going to be key for having international support for ukraine and setting sanctions in motion and ratchetting up the pressure on vladimir putin. there was a time, chris, you and i remember, when it was the g-8 and russia was part of it and they were expelled after it annexed unlawfully crimea in 2014. so those who remain in the group of seven are meeting with the president right now virtually and talking about next steps. then we expect sometime early this afternoon the president will address the american public, talk about where things stand. again, shifting from the predictions to where things stand now and what the public should expect in the next days when you now have the potential for refugees, you now have casualties on the ground, and the potential for additional steps from the united states not only sanctions but other ways the u.s. can support through military reinforcements and ....
History. ultimately, it will be up to the international criminal court to determine whether, indeed, president putin should be tried for war crimes. right now, u.s. officials are saying it s their feeling that he is a war criminal. i realize you have the resolution. but to ultimately determine, it will be up to that international criminal court, right? that s correct. yeah. that s correct. the international court has jurisdiction to, try him but they re gathering evidence and they have already expressed their great concern regarding the invasion and the very rough tactics that he has applied and the russian army has applied. certainly, we re very much concerned that he may be down the path to then try to use chemical warfare, which would be ratchetting up another level of what is unacceptable human behaviour. that certainly remains a big ....
Escalate this up into a realm that suddenly has nato and russia literally in armed conflict. and striking that balance in a way also because remember, the ability to send whether it s jets or other things, we have so far maintained total lock step with nato. i know for a fact that many of those nato countries would be reluctant on some of these moves. we have to keep the alliance united and we have to keep ratchetting up the pressure. there s a real tension here. you re absolutely right. last questions on the economy. i m sure you read larry summers op-ed in the washington post the other day. he is warning stagflation and recession without massive federal reserve intervention is more likely than ever. do you concur? i think i m glad to see the fed start the process. i think they re going to need to continue to ratchet up rates. i think there are things this gets harder when you ve got a war going on with all its ....
Talked to have said this, listen, if we re going to freeze the sanction, if we re going to ratchet those down, why don t they stop the setry fujs from spinning? centrifuges from spinning? i ll at least allow a six-month window well, i think we need to hear some admission that, well, yes, obviously, the construction of the plutonium reactor, that is out of compliance, it is in the a agreement, yes, our ambition is to shut down their weapons program as the end game and we re going to negotiate hard for that end. i m not sure we re going to hear that. and i think that s why you see on the senate side senators say, all right, let s look at ratchetting this up and having something to fall back on should the iranians not comply, which they re already out of compliance. but any sanction deal, very ....