Hold The Line w/ Buck Sexton - 06-15-22
The Clay Travis and Buck Sexton Show
iHeartPodcasts
4.5 • 11.4K Ratings
🗓️ 15 June 2022
⏱️ 48 minutes
🧾️ Download transcript
Summary
The Federal reserve has announcing it is raising its key short-term interest rates by three quarters of percent, in an effort to curb out-of-control inflation. It's the central bank's biggest rate hike in 28 years. Also ahead, a special congressional race in in the Lone Star State is making headlines today, as Texas' deep blue district 34 has elected its first Republican in history. So, could this be the first indication of the coming red wave in November? Plus, House Democrats vote against added security for Supreme Court justices after the attempt on Justice Brett Kavanaugh's life, and the White House is reportedly rethinking its sanctions on Russia.
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Transcript
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| 0:00.0 | You're listening to the FUXXTEN show podcast. |
| 0:04.6 | Make sure you subscribe to the podcast on the iHeart radio app or wherever you get your |
| 0:08.8 | podcasts. |
| 0:11.8 | Big news today. |
| 0:12.8 | The Federal Reserve has announced it is raising its key short interest rates by 3-quarters |
| 0:17.6 | of a percent in an effort to curb out of control inflation to central banks biggest rate |
| 0:22.6 | hike in 28 years. |
| 0:24.6 | Also ahead, a special congressional race in the Lone Star State making some serious headlines |
| 0:29.5 | as a deep blue Texas district has elected its first Republican in 100 years. |
| 0:35.9 | So, could this be the first indication of the coming Red Wave in November? |
| 0:40.4 | We'll take a look at that and more in... |
| 0:42.6 | Oh boy. |
| 0:49.2 | From the standpoint of our Congressional mandate to promote maximum employment and |
| 0:52.5 | price stability, the current picture is plain to see. |
| 0:56.9 | The labor market is extremely tight and inflation is much too high. |
| 1:02.2 | Against this backdrop, today the Federal Open Market Committee raised its policy interest |
| 1:06.4 | rate by 3-quarters of a percentage point and anticipates that ongoing increases in that |
| 1:12.1 | rate will be appropriate. |
| 1:14.5 | Welcome to Hold the Lone on Buck Sxton. |
| 1:16.3 | That was Federal Reserve Chairman Jerome Powell talking about the big interest rate hike |
| 1:20.9 | today. |
| 1:21.9 | This is the Fed's primary tool in the toolkit and they are using it because inflation |
... |
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