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pace since june. and that could have major economic and political fallout. lucas tomlinson is live at the white house with more on this. lucas. reporter: jon, jp mayor began ceo jamie dimon thinks the fed has lost some control over inflation. a chemming contact congressman representing joe biden s home hometown in scranton responded earlier on fox. i wouldn t go that far, but what i will say is i think they got a late start. i think they should have started ticking interest rates up a little bit much earlier, maybe six months earlier than they did. reporter: new economic data shows inflation is getting worse. the personal if consumption execs pendtures price index, the fed s preferred gauge for inflation, rose .6% in january. the annual inflation rate also rose to 5.4%, the first increase since it peaked in june making some wonder if the fed is behind on inflation. president biden reacting to the economic news in a statement which read in part: annual inflation in ....
pete: it is the third hour. rachel: wow, it went fast. anyway pete: getting prepared. will: i got a lot of renaissanc- rachel: we re making sure we don t have is food in our teeth. will: we just learned, by the way, i don t know if you walked away a little earlier than you should have, john adams, south jersey celtic society, taught us how to properly drink whiskey. so rachel and i both, we didn t drink whiskey [laughter] you re supposed to the swirl it. rachel: three times. will: you get your nose down in there. i don t know, i just night back. rachel: will and i chose a smoky irish whiskey. pete: the fighting 69th is from right here in manhattan. we want to give a shout out ott folks inial keg baa, alabama, wish we were there with you, hopefully we ll be back. big race on fox. will: i hope you have gigantic screens up in the infield pete: on top of your rv is, you go to big bill s garage later on. we re with you in spirit all the way. rachel: we ll just from the ....
We re providing more law enforcement services to crack down on crime linked to the crisis. i just got back from san francisco last week. what a lawless city. they ve closed down the whole foods out there. when i walked the street, feces everywhere. i know this is morning television. needles everywhere. it is clear they don t care about the people. i m going to have a police chief from san bern mean dean know on san bernardino on the show tonight that addresses this. when newsom was out on the street the other day, he was very smug to some of the people that were asking him questions. what are you going to do about the fentanyl here. now, they have defunded part of the police ask this in a lot of these cities, l.a. and san francisco, and now they want the cops to come back. i mean, this is the footage i m talking about here, being smug with the residents asking, hey, mr. governor, you used to be the mayor here, can you do something ....
Murders and violence. in nigeria voters cast ballots for president despite fears of vote tampering and a cash crisis that many say affected transportation to polling sites. and in australia sydney held e its gay and lesbian mardi gras parade. and that s a look at some stories from around the globe. the southern southern california is having a wild weather weekend with heavy snow in spots as well as flooding rains and hurricane force wind gusts. wintry weather causing travel headaches in places like san bern keen the know where snow-covered roads made it hard to get around. fox weather s nicole valdez has more from mount baldy, california. reporter: jon, good afternoon. we re about an hour outside of l.a., if you can believe it, but that is about 2 feet of snow and climbing here in the town of mount baldy. it sits about 4200 feet above ....
Sea level, and i know you can see the homes, the cars, the trees burr arelied in all of that snow buried in all of that snow as well as power lines being weighed down. that is one of the biggest problems across state today, more than 115,000 across the golden state without power and travel an absolute nightmare. major freeways including the i-5 and the i-80 remain closed, no word on when those will rope as snow i plows struggle to keep up with just how quickly this snow is falling. in parts of l.a. county, san bernardino county and even over on the santa cruz mountains. at the end of in the storm, we could see anywhere from 3-5 feet of snow built up in areas like this high elevation community. that s about as much snow as this place sees in a year, jon. jon: wow. nicole value cez. nicole, thank you. tough and dangerous times for millions of americans due to those blizzard conditions as nicole just told you. coming up next, we ll show you ....