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The Fox News Rundown

"This Could Be A Rough Year": US Inflation Remains Hot

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.41.7K Ratings

🗓️ 9 March 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

The Federal Reserve Chairman, Jerome Powell, teased the likelihood of additional interest rate hikes in his testimony before the Senate Banking Committee this week. His comments were met with harsh criticisms from both sides of the aisle, with senators arguing that while inflation must be reduced, these hikes will cost millions of Americans their jobs. The beginning of 2023 saw positive economic trends, but inflation remains high at 6.4% and consumers are feeling it everywhere, from their grocery bills to the housing market. Co-host of The Big Money Show on FOX Business, Taylor Riggs, joins the Rundown to break down the Federal Reserve’s ongoing struggle to control inflation, the negative impact further rate hikes could have on consumers, and whether or not the Fed can achieve a soft landing for the economy. The intelligence community continues to worry about cyber threats from China, Russia, and North Korea. In fact, this was a key issue raised at Wednesday’s Senate Intelligence hearing focused on worldwide threats. Recently, a criminal site operating out of Russia called BidenCash posted more than 2 million stolen credit and debit cards on the dark web. The data dump also included the release of the private information of millions of people, leaving them vulnerable to identity theft. Tech expert Kurt "The Cyber Guy" Knutsson joins the podcast to explain how foreign adversaries are stealing our data and what you can do to protect yourself. Later, The Cyber Guy gives advice on how to spot simple hacking scams. Plus, commentary by the host of ‘The Ben Domenech Podcast,’ Ben Domenech. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm Ainsley Earhart.

0:01.0

I'm Red Bear.

0:02.0

I'm Katie Pavlich.

0:03.0

And this is the Fox News rundown.

0:07.0

Thursday, March 9th, 2023, only subrating.

0:12.2

More rate hikes are coming at the bottom line from the Fed Chief to Congress.

0:16.6

You're looking at inflation that's hot, a labor market that isn't showing many signs

0:22.5

of cracking, and the markets finally realizing, oh, this could be painful, this could be

0:28.6

a rough year because the Fed isn't showing any signs of slowing down.

0:32.4

I'm Dave Anthony.

0:34.2

The intelligence community continues to worry about cyber threats from China and Russia

0:40.8

and North Korea, putting us all at risk.

0:44.5

In all honesty, if you haven't been hacked, you're going to be hacked.

0:47.6

It's just going to happen.

0:48.9

The hope is that you know what's happening.

0:51.4

And I'm Ben Dominic.

0:52.4

I've got the final word on the Fox News rundown.

0:59.2

Congress has been warned about something still obvious at the grocery store.

1:04.2

Inflation is still too high.

1:05.8

Although inflation has been moderating in recent months, the process of getting inflation

1:09.5

back down to 2 percent has a long way to go and is likely to be bumpy.

1:14.2

Fed Chair Jay Powell, spending two days on Capitol Hill this week, first in the Senate

...

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