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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 ....
Yelling the best is yet to come because it s about to hit her bank account. let s talk about these primary elections yesterday. tom rice who voted for or in support of impeachment for the president, former president, lost his primary, nancy mace, she won. you tweeted out the people are reading way too much into this. why? look, this is about south carolina. people are really like look at that and say, look, this is because tom rice voted to impeach and nancy mace refused to support overturning the election, but then tried to back off and make nice of trump. that s a fundamental misreading of the facts on the ground. rice s district is northern coastal south carolina, myrtle beach. just to yuse an example, horry county went for donald trump two to one, so it is a hardcore trump area and that turnout for a republican primary is going to be more so. nancy mace s district went for ....
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