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MSNBC Alex Witt Reports June 4, 2024 16:02:00

Debts. the answer is that, maybe just, maybe we want to have a government that works for all working people and not just the people on top. some new fears that, if trump of pointed fed chairman jerome powell for the raise interest rates, it could further move the country into recession. what he calls a some pay means putting people out of work. shutting down small businesses. covid is still shutting down parts of the economy around the world that we still have supply chain kinks. we still have a war going on in ukraine that drives of the cost of energy. you know what s worse then high prices and a strong economy? high prices and millions of people out of work. i m very worried that the fed is going to tip this economy into recession. well, for the latest now on the mar-a-lago nest, occasion that s go to nbc news white house correspondent monica ....

Fed Chairman , Jerome Powell , Interest Rates , Supply Chain Kinks , White House , Mar A Lago , Nbc News , Monica Alba ,

CNN State of the Union With Jake Tapper and Dana Bash June 4, 2024 13:10:00

That we still have supply chain kinks, we still have a war going on in ukraine that drives up the cost of energy, and that we still have these giant corporations engaging in price gouging. there is nothing in raising the interest rates, nothing in jerome powell s tool bag that deals directly with those. and he has admitted as much in congressional hearings when i ve asked him about it. do you know what s worse than high prices and a strong economy? it s high prices and millions of people out of work. i m very worried that the fed is going to tip this economy into recession. senator, we re out of time. it sounds like you think democrats will do better than once thought in november, but i m going to have you back on and talk more about that as we get into the campaign season, if you ll come on. you bet. thanks, senator. thanks for joining me this morning. my next guest is a democrat ....

Price Gouging , Supply Chain Kinks , Interest Rates , Tool Bag , Jerome Powell , Elizabeth Warren , Campaign Season , You Bet ,

CNN State of the Union With Jake Tapper and Dana Bash June 4, 2024 16:09:00

Slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. these are the unfortunate costs of reducing inflation. is raising interest rates again a mistake? how likely do you think it is that a recession is coming if the interest rates continue to go up? i just want to translate what jerome powell just said. what he calls some pain means putting people out of work, shutting down small businesses, because the cost of money goes up, because the interest rates go up. so it sounds like you do think it s a mistake to raise interest rates again? i am very worried about this because the causes of inflation, things like the fact that covid is still shutting down parts of the economy around the world, that we still have supply chain kinks, that we still have a war going on in ukraine that drives up the cost of energy, and that we still have these giant ....

Interest Rates , Labor Market Conditions , Tossing Money , Supply Chain Kinks ,

KNTV NBC Nightly News With Lester Holt June 4, 2024 01:52:00

A year, she lost her job. then watched her bank account eaten up by inflation. evicted from her home, her kids stayed with family while she and her partner lived in her car. this has been the worst, most challenging part of my life every day i wonder what s going to happen next am i going to be able to make it i m living paycheck to paycheck reporter: inflation effect on display in corporate results today. walmart says americans are buying more food, but fewer big-ticket items. despite high demand, supply chain kinks are forcing gm to ship fewer vehicles shopify cutting 10% of its workforce. now the federal reserve is poised to raise interest rates yet again tomorrow what s the risk that by raising rates again, the fed could push the economy into recession? there is definitely a risk that these rate hikes could result in a recession. the fed is raising rates more quickly than it has in a long time reporter: this is not just a u.s. problem. ....

Bank Account , Uabout Americans , Paycheck Reporter , Inflation Effect , Interest Rates , Supply Chain Kinks , In Martinsburg , Rate Hikes ,

CNN New Day With John Berman and Brianna Keilar June 4, 2024 12:33:00

Price increases, a big part of the price increases, are being driven by things like the war in ukraine, and supply chain kinks. not by the fact that we have people actually with jobs and can we look at the other half of that, when the fed chair says, yes, he would like to moderate demand, which means throw a bunch of people out of work, think what that means for families. it is really hard then to fill up your tank with gas or to buy groceries if you don t have a job. that imposes a lot of pain on a lot of working people. and i don t think that s a good idea. this is why inflation is such a demon for any administration, for any country, not about politics at all, just very difficult to deal with. and affects so many policy decisions. you continue to support student loan forgiveness. yes. which i know you re a big supporter of. there are people who look at ....

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