How Inflation Is “Killing Middle The Class”

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 30 August 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation has been a major challenge that the Biden administration has been working to overcome yet financial experts at the recent Jackson Hole Economic Symposium agree inflationary pressure is going nowhere soon. Republicans have been criticizing President Biden’s loan forgiveness announcement, arguing that this will only worsen inflationary struggles. Following the stock market plunge on Friday, the Fed has indicated that it would raise interest rates in order to combat rising prices. Former Trump Economic Adviser and economist at the Heritage Foundation Steve Moore joins the Rundown to discuss how these measures will be impacting American families, why student loans won't make college more affordable and whether or not inflation will be stabilized any time soon. During the height of the pandemic, many looked to the Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci for leadership on public health information and safety measures. After working for seven different administrations and managing federal responses to various viruses and epidemics, Dr. Fauci has announced plans to retire from government service come December 2022. Biden administration Chief Medical Adviser Dr. Anthony Fauci joins the Rundown to defend his legacy in public health service, respond to GOP calls for oversight on his pandemic guidance, and explain what the future holds for the country regarding COVID-19. Plus, commentary by Opinion Editor for The Washington Times Charlie Hurt. 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
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0:24.0	Search EE broadband, powered by BT.
0:26.7	Work mode with EE smart hub plus to verify the EE.
0:28.9	C EE dot credit eK slash claims.
0:30.1	I'm Shannon Brem. I'm Tom Shalu.
0:32.1	I'm Maria Bartiromo, and this is the Fox News rundown
0:38.0	Tuesday August 30th, 2022
0:42.0	I'm Dave Anthony. Saving us money is going to cost us more. That's what the government
0:48.2	is warning in the fight against inflation.
0:51.2	It's killing middle-class families and it's killing the economy so we've got to
0:54.9	bring it down and yeah there's going to be some pain.
0:57.6	I'm Jessica Rosenthal.
0:59.4	Dr. Fauchy is retiring and he says looking back over the pandemic he's proud of the work he did
1:04.4	but Republicans say if they take control of the House or Senate they plan to hold
1:08.8	Dr. Fauchy accountable for the pandemic response. I have always respected oversight, legitimate oversight as an important part of the government
1:17.7	process.
1:18.7	But I think if you look at what's actually happened and it's been shown by previous hearings that in many respects it's
	...

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