This is John Batcher, conversation with my colleague Elizabeth Peek of the Hill a columnist of Fox News a columnist

about the high cost of money, the highest in decades, and what is to be done.

The Federal Reserve began 2024 by saying three cuts to the high price of money by the end of the year.

None so far. And the expectation is maybe one, maybe two, but when? Liz very carefully reasons

when given that the election is going to dominate the fall season and a rate cut could be seen as unnecessarily

or deliberately favoring one side over another.

His Elizabeth Peek on the high cost of money what is to be done what were the Federal

Reserve do in June July August September more of this tonight thank you oh no not

at all people still have that as the baseline projection that we will get

more rate cuts this time sometime this year we'll get rate cuts sometime this year

probably in July and September, is the thinking.

The June meeting, which is too close probably, presumably, presumably they'll give us some heads up on whether it's going to come in July.

July, it's the end of the month, in September, it's the middle of the month, and that's probably

far enough away from the election that

if the Fed wants to cut rates they could do it. So where are we on all this? I mean

inflation numbers in the last round were encouraging in that they didn't

accelerate it's not that they came down significantly it's that they didn't

go up the last three, the numbers have been unexpectedly robust

in the sense that inflation seemed to be re-accelerating, and now it is at a standstill. But again, it's still 3.5% 3.4% whatever and that is too high I mean I don't

know and by the way whereas unemployment claims bounced up a week ago in the last week, they didn't.

And so, you know, this whole slowing of the economy and slowing of the job, weakening of the jobs market, I think it's real, but it certainly isn't dramatic.

And I don't know, you know, I think the Fed has to see a change in the employment picture and the

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