The Fed Plan to Combat Inflation & What It Means for Your Wallet

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 6 May 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

After months of battling soaring inflation, the Federal Reserve has pulled the trigger on raising interest rates — approving a substantial half-percentage-point rate increase earlier this week. As Americans face the largest interest rate hike that’s hit the U.S. since 2000, many wonder what the coming months could look like as economists talk of a potential recession. FOX Business's Gerri Willis joins the Rundown to discuss how recent interest rate spikes affect Americans’ day-to-day lives, why the current economy is benefiting the housing market, and the likelihood of a recession hitting the U.S. The path to success wasn't an easy one for country singer Walker Hayes. After moving to Nashville to make it big, he struggled to follow his dreams and overcome alcoholism all while supporting his family. It wasn't until meeting his best friend, Craig Allen Cooper, that Walker found a new life of faith, sobriety, and later, stardom. He joins the Rundown to discuss how his hit song, "Fancy Like," took off on Tik Tok, defeating addiction, and the importance of the support from his friends and family that got him to where he is today. Don't miss the good news with Tonya J. Powers. Plus, commentary from FOX Nation host Tom Shillue. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Bird's Eye Chicken Dippers.
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0:10.0	and that's fine.
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0:22.3	at a major supermarket today.
0:24.4	For chicken worth dipping, it better be bird's eye.
0:30.0	I'm Dana Perino.
0:31.1	I'm Brian Kilmead.
0:32.2	I'm Shannon Brem and this is the Fox News rundown.
0:35.0	Friday, May 6th, 2022, onlyse Brady.
0:42.0	An effort to tame inflation leads to a charge
0:45.1	and then a retreat on Wall Street,
0:47.2	as the markets wonder if the Fed's strategy will work.
0:50.2	You could say that stagflation is the worst case scenario because stag
0:54.4	inflation means you don't have any growth which is where we are right now and
0:58.1	inflation continues.
1:00.1	I'm Chris Foster a little dance with his daughter on social media helped make fancy like the first number one song of country singer Walker Hayes's long now successful career.
1:09.0	It was crazy, you know, and I'm like, yeah, everybody around the world is doing that dance, you know and I'm like yeah everybody around the world is doing that dance you know and I'm
1:15.4	Tom Shalu I've got the final word on the Fox News rundown. The Fed did something this week that everyone knew was coming.
	...

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