MTP NOW June 15 — Stephanie Ruhle & Kayla Tausche, Daniel Yergin, Guad Venegas & Vaughn Hillyard

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3.8 • 3.7K Ratings

🗓️ 15 June 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve raises its benchmark interest rate and gas prices hit historic highs. Chuck speaks with Stephanie Ruhle, CNBC’s Kayla Tausche and former Department of Labor Chief Economist, Betsey Stevenson talk whether the Biden Administration can take to prevent a recession. Daniel Yergin, energy expert and S&P Global Vice Chairman, explains why gas prices hit historic highs but oil hasn’t. Eugene Daniels, Symone Sanders and Jim Dornan talk about the primary results and the political impact of the January 6th committee investigation. Ali Vitali reports from Capitol Hill.

Transcript

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0:00.0	If it's Wednesday record gas prices and soaring inflation meet the biggest hike in interest
0:07.5	rates in nearly 30 years as the Federal Reserve scrambles to try to get control of inflation
0:13.6	in the White House, pushes oil companies to ramp up production of gas quickly.
0:18.8	Plus Trump's grip on the Republican Party following another round of primaries, maybe
0:23.5	it's a little bit stronger or a new slate of winners and losers means new insights into
0:27.3	both parties paths in November will break down the latest lessons from last night election
0:32.6	results from coast to coast.
0:34.8	And later the January 6th Committee zeros in on the former president's inaction during
0:39.0	the insurrection.
0:40.0	We've also got new details on what to expect in tomorrow's hearing, featuring a key
0:43.6	adviser to former vice president Mike Pence.
0:59.5	Welcome to Meet the Press.
1:00.5	Now I'm Chuck Todd and we begin this hour with the breaking economic news that policy
1:05.6	makers in Washington are scrambling to address inflation, which may be the biggest political
1:10.6	threat to President Biden and the Democrats at least in the short term right now.
1:14.3	The Federal Reserve is still trying to play catch up this afternoon.
1:17.7	Raised interest rates at three quarters of a percentage point.
1:20.3	It's the single largest increase in interest rates in 28 years.
1:23.8	As the prices Americans are paying for everything from gas to groceries continues to soar.
1:28.8	The Fed chaired Jerome Powell just finished answering reporter questions after announcing
1:32.7	the rate hike.
1:33.7	He told reporters that additional rate hikes of this magnitude were possible as his agency
	...

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