Washington Week full episode, June 17, 2022

The Federal Reserve raised interest rates this week by three-quarters of a percent to fight inflation, the largest hike in 28 years. Fed chair Jerome Powell also indicated that a similar rise could come in July if the economy doesn’t improve. Stocks tumbled in response to the historic action and Wall Street fell into bear market territory amid increased concerns that a recession may be looming.

The Federal Reserve on Wednesday raised interest rates by three-quarters of a percent. This was the central bank’s biggest rate hike since 1994, an aggressive step to try and control the rapid rise in inflation.

The Jan. 6 committee this week offered chilling new details on how former President Trump pressured Vice President Pence to overturn the 2020 election and even put Pence’s life in danger by enraging the mob. The committee also accuses Trump of scamming his supporters and lying about election fraud.