From Washington: Inflation Spikes & The Fed Steps In

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 20 March 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Aiming to tamp down on historically high inflation, the Federal Reserve raised interest rates by twenty-five percent for the first time in over three years, since the COVID-19 pandemic caused the economy to spiral. For millions of Americans, this could mean seeing higher credit card bills, mortgage rates, and student loans. Moody's Analytics Chief Economist Mark Zandi explains how rising interest rates might help battle to fight inflation, and what people can expect in the long term. According to the latest Fox News poll, Cleveland businessman Mike Gibbons is emerging as the leading candidate in Ohio’s Republican U.S. Senate primary. Candidate Gibbons joins FOX News Radio's Jessica Rosenthal to discuss the campaign priorities that may contribute to his lead, the obstacles he faces regarding past controversial comments, and his thoughts on former President Donald Trump's endorsement in the race. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi all how we doing afternoon afternoon let's get this meeting meeting meeting
0:06.0	started
0:07.0	when everyone's home erepte work mode
0:12.0	when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.
0:18.0	So, yeah, yeah, I've got you loud and clear, clear is about.
0:21.0	This is broadband made for working from home.
0:24.0	Search EE broadband, powered by BT.
0:26.7	Work mode with EE Smart Hub Plus to verify see EE.
0:29.0	C EE. C EE. K. slash Claims.
0:30.1	Sunday, March 13th, 2022. I'm Jared Halper.
0:38.4	Interest rates are going up as the Fed tries to bring down inflation.
0:43.4	Now it's more expensive to buy a home.
0:45.3	So a few people are going to be out buying homes
0:47.7	and then buying all the stuff that they put into those homes.
0:50.9	I'm Jessica Rosenthal.
0:52.2	Pulling has an investment banker leading in the Ohio Senate Republican primary
0:56.8	as the state grapples with yet another redistricting map
0:59.6	rejected by the state's Supreme Court.
1:01.5	I really believe that we need to restore the values that made America great.
1:06.8	This is the Fox News rundown from Washington. During the two years of the COVID pandemic the interest rate that controls a lot of what you pay for an awful lot of loans has been unmoved at near zero percent. The Federal Reserve used that rate to try to
1:34.8	stem the tide of a spiraling economy as offices and businesses closed. For more than
1:39.7	three years the Fed did not raise that rate at all.
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