Rate hike adds to burden for Americans struggling with inflation

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 27 July 2022

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Interest rates are being hiked, raising the price to borrow on everything from bank loans to credit cards. Plus, a former Trump White House insider reveals new details about the Justice Department’s criminal investigation into the Capitol riots. Also, the Biden administration’s new offer to Russia for the return of WNBA star Brittney Griner. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	So the solution to prices being so high is to raise your credit card bills.
0:09.4	The leak starts right now.
0:11.6	This just in, interest rates hiked, raising the price to borrow on everything from bank loans
0:16.5	to credit cards.
0:17.5	The difficult spot this puts so many Americans as the Federal Reserve aims for the larger
0:22.8	goal of bringing down skyrocketing prices.
0:25.8	Plus, first on CNN, a former Trump White House insider revealing
0:29.6	new details about the Justice Department's criminal investigation into the capital riots.
0:36.6	I am aware of other White House officials who have been reached out to by DOJ and are
0:41.5	planning to plot.
0:42.5	Oh really?
0:43.5	Yes.
0:44.5	How worried should Donald Trump be?
0:46.8	But first, to see in an exclusive the Biden administration's new offer to Russia, they
0:51.8	will, the U.S. will give Putin back a convicted Russian and let NWNBA star Brittany
0:59.4	Griner and former Marine Paul Wheelan come home.
1:02.8	That's the offer.
1:08.5	Welcome to the lead on Jake Tapp.
1:09.6	We start today with our money lead, more crushing economic news for the American people
1:13.1	this afternoon.
1:14.1	The Federal Reserve announced another massive interest rate hike, three quarters of a percentage
1:18.7	point.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNN, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNN and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.