now you know. mark is our surging nicely on this wait and see day i had them fed decision, up one hundred 3 points but don't forget to send in your friday feedback, email is your questions, comments, concerns, fox.com. and now it's coast-to-coast. diane: deal in detroit, deal in dc. on top of getting some clarity, with the fed, in 12 hours, it's escalating. it deftly seems to be shrinking. it's a different story. we have that decision on interest rates in a couple hours. what we don't know for sure is what the decision will be even though most economists and investors seem to be betting

that jerome powell and his buddies will take rates right where they are. for now we've got esther george on things these guys look at before pulling the right trigger and how this time and otto strike in which workers are turning down 20% wage hike with the inflation. hope you enjoy the ride. welcome, and and what matters, for that, the -- >> they are going to pause that there is no one certain to goo and tailwind of lowering the savings in july, taylor swift,

barbie maney and other things. and ice bounce in july it even though we see potential acceleration in growth, looking at reacceleration of inflation, a lot of risks, you noted a couple of them, united auto workers strike, potential government shutdown if they can't make a deal and technicals are starting to roll over. it really matters how the statement changes about what they could do in november and if the dot plot changes, where the target rate is, it is over 5% now but how does that change going into the future? neil: if they don't move at this meeting, don't know if you confer with francis on that but what do you think? >> i concur with what francis just said, the likelihood they

might raise rates one more time between the november 1st meeting and the end of the year or just want to keep that option out there, the fed is data dependent, we are looking at higher oil prices, which not only affects inflation but also puts a damper on gdp, former economist david wiseman, taught me every $10 increase in the price of oil takes off 1/5 of 1% of real gdp, higher oil does tend to slow the economy. neil: wonder how you factor in all these strikes, a good many have been 400,000 workers when you think about it. including what could be these uaw workers, minimum of what they want. they turn 20 down 21% hikes offered by one of the big three. i'm wondering, do you move on

something like this or way along with the generous teamsters with ups or if this is part of a trend of higher wages? >> i'm looking at how it affects or affects inflation. what most people don't understand is sticky wages is a big part and big component of sticky inflation and the problem is these guys think they are getting a better deal by having higher wages but to the degree higher wages push up inflation you then have to take real wages into account which means subtracting inflation out of their wages because cost of living is getting higher and purchasing power is going down so by insisting these wages continue to go up there insisting we get sticky inflation and insisting the fed stay tight which means less and less access to credit. there's a domino effect that's not being fully appreciated.

the fact these people are suffering, purchasing powers going down 20 plus months in a row. they are not thinking about all of it. neil: whether the fed factors that in. making a preemptive strike. >> in the sense that they hit the economy with many less cross hits over the next year or so. our belief is they are not likely to start cutting rates for the first half of the year of 24 and wait until the second half. they want to see what impact their tightening has already have. interest rates are affected by higher wages because that might

get passed along to purchasers of automobiles down the road. don't think this is much reaction from wall street, that affects more tourists than traders. jack: early going there. the strike, they want to purchase cars and those are disruptive in the near-term, no sign they are closer to a deal. grady trimble with more on that. >> we are hearing is that the gap between the two sides is very wide and we are hearing about layoffs as a result of this strike. 70 employees in ohio out of a job right now because of the strike and the company is warning it might have to lay off another roughly 300 workers

in indiana, we spoke with him in the hours leading up to the strike and today he's out with a new op-ed in the detroit free press trying to, in his view, dispel the myths he claims the union is spreading. with corporate greed. amid the rhetoric of the united auto workers leadership the flow of misinformation is not fair to anyone. under the proposal right now that gm put on the table last week and the uaw rejected, 85% of current representative employees, and on the picket line, and it is not enough, take a listen. >> more money, short work hours. >> i'm hoping forbes does the right thing and they get some work done. >> if there is no deal?

>> we will be striking a little longer. >> had like a domino. keep doing it, keep doing it. >> the strike is impacting companies beyond the detroit three automakers. we know of a us steel plant idling part of its facility and that will impact 300 workers there. we are hearing from the associated press that in toledo, 12 shops the provided jeep plant where strikers are picketing, they laid off 1600 workers so the scope of this is starting to expand and the threat is out there from the uaw that they are going to expand the strike, noon on friday if there is no deal and as we said off the top, doesn't sound like they are close so i think that's likely in the

automakers are coming up with contingency plans as a result. neil: friday could be a big day indeed. development half a world away to fill you in on concerning the british prime minister, this could explain going to the un general assembly in new york this week, he is announcing what amounts to a big 180 on climate change in his majesty's kingdom, saying have to have a new approach to deal with climate change. for the government to interfere in people's way of life, this signals he's changing britain's environmental commitment, in other words the idea going to a baseline of net 0 carbon emissions by 2050, still making that a goal but sort of stunting it along the way, 68% by 2030, take it down in stages each year after that. greenpeace has responded saying

this is going too far, uk policymakers are making fools of themselves by reversing a commitment it made to all the british people. the battle is on. reaction here with the former federal energy regulatory commission chair. i wouldn't call it an about face but it is certainly, let's all slow down here. what do you make of it? >> about face, recognition of reality. the fact of the matter is evs are exciting, they offer a lot of potential. i want to get a ford f 150 lightning. i want to make that decision as a consumer. the challenge the prime minister is having, the challenges the biden administration are having is they are trying to force consumer behavior through policy, subsidies, mandates and that is the wrong approach and that is why you are seeing this reversal. neil: what does it mean for electric vehicles? if you think of these strikers who are walking off the job, they want better pay, better

money and a lot of that comes from the strong sale and money made in fossil fuel powered cars, the ev that proven to be a money loser for the big three. having said that, they are behind the president's commitment to this but are they aware of the economic underpinnings of this and everything depends on those automakers continuing to do well with gas powered cars? >> this is the tricky part of government trying to intervene in the marketplace. the biden administration has faced these conundrums across the economic spectrum. electric utilities are being forced faster than they want, it has impacts that are not always clearly seen upfront. what we are seeing is the transition to evs being forced by government policy that have

unintended consequences like fewer workers, lower wages, less demand and the real key is to focus on market-based solutions to achieve the decarbonization goals the administer ration wants. let consumers decide, don't force it through policy. neil: the market might well go that way. if i could read anything into the british by mister's move to slow down the climate push it is that he does see the promise of that down the road but it is much further down the road than we thought. automakers have been relaying that to workers. workers are seeing this as an opportunity. the reality is more people are buying these vehicles but not nearly the rate the government wants. therein lies the rub. >> the government policy is intended to drive purchase of these vehicles but not usage of

these vehicles. what these autoworkers recognize is we don't have the infrastructure in place to go to the ev transition they want. where do you plug these in. how are you going to ensure, a long distance trip that there will be vehicle charging stations available to overcome the anxiety a lot of consumers have experienced concern about. there's a lot of unanswered questions, to shoot first and worry about consequences later. the bumper sticker into 2,024 they pushed for clean energy economy. neil: as you pointed out it is tempered with of the reality, they can't move what is happening in britain. some of that might be sinking in. thank you for joining us. the fixation on capitol hill

for the time being seems to be with the attorney general of the united states, mary garland, getting an ear full from republicans who wonder how he handled the hunter biden investigation. he has been stressing there was a separation there between looking at what the president is looking at, this is his son after all and what he should be looking at. after this.

♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines.

unlock gold's potential with west red lake gold mines with 3 million ounces of resources, $350 million invested, and strong leadership. their eyes are set on production within two years. west red lake gold mines. ¡se fue la luz! pero todavía tenemos wifi para hacer las tareas. ¿y eso es algo bueno? wifi y estudiar. buenísimo. wifi y pedir una pizza online sería buenísimo. presentamos storm ready wifi. solo de xfinity.

ahora puedes mantener una conexión confiable durante apagones, con datos celulares ilimitados y batería de respaldo de hasta 4 horas para mantenerte conectado. obténlo solo con xfinity. el hogar del 10g network. entérate más hoy. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around. with the best price for two lines of unlimited. only $30 bucks a line per month. that's hundreds in savings a year when you wave bye to the other guys. all on the most reliable 5g network nationwide. you really shouldn't walk out the front door without it. switch today at xfinitymobile.com.

neil: the attorney general is making a prominent appearance on capitol hill but this one is hotter than the other ones he has had in the past. this is about hunter biden at the house laying out the groundwork for what could be that impeachment inquiry. david spunt following on capitol hill. >> reporter: this is a tall order for attorney general merrick garland, he knew he had to convince skeptical republicans there is not a dual system of justice, in his words. as you mentioned, hunter biden and that investigation a big topic.

watch this. >> does anyone from the white house provided direction at any time to you personally or any senior officials at the doj regarding how the hunter and biden investigation was to be carried out? >> no. but there's a lot of talk about david wise, the special counsel that garland appointed after he asked to a be appointed special counsel, wise was a donald trump appointee to the us attorney slot in delaware. garland said this in his opening statement. >> i am not the president's lawyer. i will that i am not congress's prosecutor. justice department works for the american people. our job is to follow the facts and the law. that is what we do. >> reporter: the attorney general also made a point to say that there is no dual system of justice which people may not like the way investigations are handled,

they are handled with the even hand of the law but republicans not satisfied. watch this opening statement from chairman jordan. >> the fix is in. even with face-saving indictment of hunter biden everyone knows the fix is in, 41/2 years, the department of justice has been investigating mister biden, and investigation run by david wise, and investigation that limited the number of witnesses agents could interview. >> reporter: that was chairman jordan's opening statement for the hearing just to show you the tenor of how this is going to last. republican and democrats happy to hear from attorney general garland, clearly the man of the hour, they want to hear from, is david wise, special counsel who is based in delaware investigating hunter biden. he said that he would speak to congress at some point since he has been elevated to special counsel. it appears that's going to be delayed. the attorney general in the room behind me said he would deliver a report to the

attorney general when he is done with the investigation. garland will likely make it public but there's no telling if david wise will appear to sit down and answer questions. that's what these folks want to hear. neil: forward dc democratic party chairman, from your democratic party chairman role, something like this have worried you? and investigation targeting the president's son, republicans hoping, that would worry you? >> it is politics. there is no connection, the republicans keep trying to make the connection, like they come up with a narrative and want to find facts that support that narrative. neil: what if we do find facts? they insist they are digging and at that point there will be a connection, that's what they say.

>> that is a big may be. neil: is that a game changer for you if they can show quid pro quo with the father and son? >> that would be of concern whether looking at a republican president or democratic president. after five years of republican prosecutors being given full sway with regard to this investigation, a special prosecutor now, republicans won't accept that merrick garland stayed out of this, the republican prosecutor appointed by trump, stayed out of it, they continue to investigate, continue to put on wise, now prosecuted hunter biden for guns, maybe taxes but nothing else. there is no there there. at some point you look, you think this is going to be benghazi 2 where they spent millions of dollars and investigation of hillary clinton and came up with nothing. this feels and sounds the same way. neil: like what democrats did to prove russia collusion in 2016.

let me ask you about this. we don't know which way this is going and that is fair. the one thing that has come up, things that did not look to be issues suddenly became issues, tax issues we didn't think hunter biden had he most certainly had. that is the zillion dollar impact question but the idea is hunter biden might have used his father or use his influence to further his own business in trust, say it was unbeknownst to him. what do you make of that? >> that hunter biden's problem. he was a drug addict, he made bad decisions, done some bad things. his name is still hunter biden, not joe biden. the whole idea they are going to have an idea that joe had to know about this, joe did this, we want to see bank accounts without any probable cause or

hard facts to support that joe biden did anything wrong is wrong in and of itself and problematic. we cannot start an investigation, whether it is legislative or an impeachment proceeding or even a state or federal investigation when you say i think joe biden is bad, i want to distract the american public from the 91 federal charges so let's start investigating. neil: i don't want to get into that, try not to play this on the show but i'm curious one thing that has come up concerning the president, his age, democrats getting increasingly antsy about it, americans in general, not so sure he would finish a second term if he got it. are you worried about that is that he is more compromise healthwise than he was and this is an escalating issue. >> i get concerned when i'm on your show and other shows talking about age or the idea

or concept that age discrimination is at play and because he looks old and walks old. he has the mental acuity, he's not zoning out. neil: what if he does? i don't like attacking older people. there was a time i wasn't old, now i look in the mirror and i got to be careful. do you worried this becomes an issue the gathered steam? >> i do. democrat and republican voters. i've seen recently that president biden is directly addressing the age, his age and health as well and making fun of himself, self-deprecating like ronald reagan did. that is how he needs to approach it. here's the deal. he's got legislative record to run on, he is mentally fit, he has a right to run. remember this. 95% of democrats are going to vote for joe biden if he is on the ballot, don't care what they think about his age.

they will walk the democratic line because of donald trump is on the other side they aren't going there. 70% of independents aren't going to vote for donald trump. neil: we don't know. anything could happen. they said union guys wouldn't vote for ronald reagan and independents, so things change. i'm old enough to remember both of those instances. what do you think of that? you are the best. you state your case very well. good seeing you again. be well. big news across the pond, could be big news here that might explain why the british prime minister is not attending the un powwow. apparently he had other bigger worries. emmanuel macron had no idea. ♪ ♪ come together ♪ right now ♪ over me ♪

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee. ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections.

a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪ ♪ the little pill with a big story to tell. ♪ ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is.

is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening.

don't expect by 2030 the vast majority of cars sold will be electric because the costs are reducing. the ranges improving. the charging infrastructure is growing. people are already choosing electric vehicles to such an extent we are registering a new one every 60 seconds. i also think at least for now, it should be you, the consumer, that makes that choice, not government forcing you to do it. neil: we are hearing from the british prime minister who did slow things down when it came to a climate approach and more people purchase electric vehicles and the rest. we are going in that direction anyway, just not going to be under these orders by government and up to the consumer to decide. don't know if it will be a majority by 2030 but at the rate we are going more like 2050 at the rate we are going.

it does explain his not being in new york for the un assembly. margaret thatcher, foreign policy advisor, in the world, what do you make of this pool back on the climate agenda. his government endorsed, we can continue going this direction. >> thanks for having me on the show today. it's encouraging to see rishi sunak backing away from some of these net 0 pledges which are i think very unpopular with conservative voters. this is the reason he's backtracking. many conservative voters do not like the net 0 approach and hence he has -- slow walking

some of the very extreme proposals that were contained originally in the conservative manifesto on the net 0 front. this is a welcome i think reversal by rishi sunak, the best thing he has done as prime minister because he's now recognizing many of his own supporters do not like the drive towards net 0. net 0 encourages big government socialist style central planning which is not what the conservatives are all about. this is a welcome move by the prime minister. he's not gone far enough in my view in terms of reversing the drive towards net 0 but it's a good start and i think net 0 will be costly for the british people, result in raising taxes, damaging to the british economy and the conservatives should not be advancing disastrous big government socialist style policies like this.

neil: let consumers, let shoppers, let car buyers decide for themselves and some of these vehicles are attractive, price is prohibitive for many, don't know what the price is in britain. prices coming down, ranges you can get going up. that might be the direction and the change people need to move to these vehicles but shouldn't be by government either. >> government should not be dictating whether people can purchase petrol and diesel cars and this kind of approach is the approach you would expect from a socialist government dictating what kind of car you can buy. conservatives should never be involved in this centralized planning so rishi sunak is starting to backtrack away from this. this is a welcome development. margaret thatcher would have

been appalled by net 0 policies, fundamentally opposed them. the vast majority of conservative voters do not want to go down this path of big government control. this is why rishi sunak is starting to change the policies. neil: he's not going to new york now. macron either. china is a no-show. i'm wondering why. the un general assembly every year, even rishi sunak time his remarks in a statement around that. what is going on? >> it is significant. the prime minister did not want to attend the climate ambition summit hosted this week. he's moving away from the pledges made by this group of 17 countries.

the un general assembly is a waste of time, for international leaders and rishi sunak said it wasn't worth his time. i think he was right about that. also rishi sunak and biden disagree on many things, that's another factor in the background. neil: margaret thatcher, when you were with her made these trips to the un very quick. the plane was taxiing on the runway when she visited but that was then, different world, honor to have you. >> many thanks. neil: to our government and what we are doing, the latest shutdown seems more on and off. ♪

- it's payback time. all these years you've worked hard, you've fixed it, you've looked after it, maybe it's time for your home

to start taking care of you. - we've invested in our home, we've worked on it. - we had a whole lot of equity just sitting there. - you paid down the mortgage, invested in your home, i guess you could say your home owes you. - [narrator] if you're 62 or older and own your home, learn how you can access a portion of your home equity to give you cash. a reverse mortgage can put more money in your pocket by eliminating your monthly mortgage payments, paying off higher-interest credit cards, and covering medical costs. - look, aag can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash for almost anything you might need. - just eliminating the mortgage payment freed up a lot of cash for us. - i get to go and do what i want, when i want. - aag customers talked about the counseling they got along the way, so they know how our reverse mortgage works and how their home could help pay them back

when they need it the most. - i have no worries anymore. - the fact that we're still in this home means so much. - it's done everything for us that we hoped it would do for us. - [narrator] call now to receive your free, no-obligation info kit. the kit shows you how to get you the cash you need using your home's equity with a reverse mortgage. find out how your home can start taking care of you. call the number on your screen. - the worry every single month to make that payment was gone. - our customers' homes are taking care of them, maybe your home could do the same for you. - [narrator] call aag, the country's number-one reverse mortgage lender and get your free info kit. call the number on your screen. personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients

are likely to recommend us. ameriprise financial. advice worth talking about. neil: >> this is not conservative republicanism. this is stupidity. the idea we are going to shut the government down when we don't control the senate, don't control the white house, these people can't define a win, don't know how to take her an answer. at the clown show. keep running lunatics you will be in this position. neil: had to double check whether there was an r after his name when he said that but he's a gutsy guy, new york congressman sits on the house financial services committee essentially saying those on the far right, cool it, we can still keep the government functioning and operating,

joins us right now. good to have you. >> thanks for having me. >> what reaction do you have? >> primarily positive and thanks for saying it. the reality, voters gave the house majority to govern, to be a check and balance on the biden administration which i agree we need to rein in spending, is that we need to stop the reckless policies of this administration. they have created record inflation. they have given americans a horrible economy, rising gas prices, rising groceries but if we shut down the government when working through the appropriations process, we are going to compound that issue. that will impact 401(k)s and the stock market and is an absolute joke as far as i'm concerned. not going to give us more leverage. i've never seen a shut down

work successfully for those who have tried it. it's not what the american people expect of us. they expect us to be the adults in the room and govern. i agree with the premise many of my colleagues on the right are fighting for to reduce spending. when you don't control the senate and you don't control the white house there is a reality. there's limitations to what you can do. as i said previously, if we want to be in a better position, have a stronger hands, run better candidates and win more races otherwise this is the situation we find ourselves in where we have a very small majority in the house and a handful of my colleagues refused to take yes for an answer, review refused to define a win and refused to work as a team. i'm not going to allow them to shut down the government at the expense of the american people,

acting like they were sticking it to the administration. all they are doing is screwing their colleagues in the majority. neil: some of them disagree, they say you've got to stand for something or fall for anything that you say primarily the reaction you got from colleagues was good. that tells me a couple were not happy. >> if somebody like matt gaetz is upset, too bad. the reality is the vast majority of my colleagues understand the response ability, they are serious and sober minded. some of them come from right-leaning districts. those veterans and their district aren't getting their benefits, when those seniors and districts not getting social security benefits, when our active-duty military personnel are being paid, pretty sure they will come to reason very quickly. at the end of the day and we don't need to shut down the government to negotiate appropriations process.

my colleagues need to come with a topline number and work as a team to appropriate. no reason to shut down the government especially when they can't muster the strength to pass a rule to pass the department of defense appropriations bill. we need to move forward and implore all my colleagues to focus on the task at hand rather than putting the american people and our economy at risk even further. we put forward a cr that included hr 2 because chuck schumer and the democrats have done nothing on immigration. the biden administration has created a catastrophe at the southern border. that's what we should be focus on. neil: always good having you. in the meantime, new york city

raising some eyebrows on reparations despite budget woes and a deficit that gets worse and worse. madison alworth has more from new york city. >> reporter: reparations for slavery and removal of statues like christopher columbus behind me could becoming to new york. on the reparations french new york would be growing adjoining list of cities and states that are currently considering operations or investigating them. it was the first cities to start paying reparations, $1.1 million and counting. an issue for new york, would be paying. we are dealing with a major budget crisis. there were budget cuts across all city agencies. not just reparations, new york also considering a bill that would remove works of art, benefit from slavery, promoted crimes against humanity.

we asked new yorkers what they thought about that. >> they may be affected by it. it to work depicting actively being enslaved or something, seems like an obvious thing to remove. be replaced by something that speaks to all kinds of people. i would rather see something that reflects loving everyone or something. >> the bill has not been officially signed. it does not necessarily mean it will absolutely be removed. there an option to put a plaque next to it. doesn't touch on names. christopher columbus sits in columbus circle, we would have to figure that out as well. neil: in the meantime, at the fed meeting wrapping up an hour

from now. how did they come up with that decision? someone who has been there. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. liberty mutual customized my car insurance and i saved hundreds. with the money i saved, i started a dog walking business. oh.

[dog barks] no it's just a bunny! only pay for what you need. ♪liberty. liberty. liberty. liberty.♪

neil: day 6 goes on.

they turned down 20% pay hike. that's what they turn down. it is as yet unresolved. asked her george, former kansas city fed president joins us. good to see you. do you think of this strike is coming up in the meeting yesterday or today? >> it is common for issues about the labor market to be thoroughly discussed at this. to try to understand that sector of the economy and what spillovers may result. adam: where there's smoke gets fire, it allows workers to get more money if and when they can. upwards of 40% hike, we have a

generous pay package. seeing big bumps in paia. taken together that is something that sticks in the economy, but can the fed do anything about that? can it strike preemptively? >> the federal reserve is trying to do something about inflation for sure which is to slow demand in the economy and that can also slow wage growth in the economy as well. you want to stay ahead of inflation for sure. when wages began to outpace that inflation it is symptomatic what is going on in the economy. i suspect this committee is squarely focused on impacts to inflation and long-term inflation expectations. neil: what are your views on that? are we over the worst of it? the consensus, who knows what

that means? we might in november, that might be it for a while. what do you think? >> i think today sounds like it will be a pause and what would to be interesting in this press conference getting a sense how the committee is judging the economy. they have done some aggressive moves so far but inflation has not gone back to the 2% target. it could be a question whether that requires more rate hikes or holding those rates at the current levels even as they take money out of the economy for the reduction process. that is something we want to hear more about. neil: there is only so much the federal reserve can do, can't stop the government from spending.

a lot of this is the spending we saw through and coming out of covid. i am wondering if the government, the legislative side of things is complicating matters. >> there is no question our fiscal situation is one that needs to be addressed. the federal reserve doesn't focus on that per se, but clearly, when you see interest rates at the level they are and our federal debt growing, economists have a task ahead of them to put this country on a more sustainable path, spending -- neil: i heard through so many different fed chairman and fed presidents like yourself. the president of the united states, it has to be addressed, a day of reckoning, isn't it? >> i have to believe that would

be true and for a country like the united states, the world's largest economy, it is incumbent on our standard of living and you churn generations. but we get the economy through our fiscal situation on a sustainable path. that's one of the most critical things we face. neil: good talking to you. >> thank you. neil: in the meantime we are up to 20 points, markets sensing we find the right balance for the fed. ♪ ♪ like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned.

well invested. well protected. (man) what if my type 2 diabetes takes over? what if all i do isn't enough? or what if i can do diabetes differently? (vo) now you can with once-weekly mounjaro. mounjaro helps your body... ...regulate blood sugar... ...and mounjaro... ...can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%. plus people taking mounjaro... ...lost up to 25 pounds. mounjaro is not... ...for people with type 1 diabetes or children. don't take mounjaro if you're allergic to it,... ...you or your family have medullary thyroid cancer,... ...or multiple endocrine neoplasia syndrome type 2. stop mounjaro and call your doctor right away... ...if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain,... ...vision changes, or diabetic retinopathy. serious side effects may include pancreatitis and gallbladder problems. taking mounjaro... ...with sulfonylurea or insulin... ...raises low blood sugar risk.

tell your doctor if you're nursing, pregnant,... ...or plan to be. side effects include nausea,... ...vomiting, and diarrhea,... ...which can cause dehydration and may worsen kidney problems. (man) i can do diabetes differently with mounjaro. (vo) ask your doctor about once-weekly mounjaro. ♪ ♪ every day, businesses everywhere are asking: is it possible? with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for

cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time.

gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. adam: the message from house gop conference, special meeting, a powwow at 4:00 pm eastern time later today, all gop members are invited to discuss government spending talks that are dragging on and on. we will have more. hey, guys. brian: i want to commend you on your plaid tie. it is a good wednesday look. neil: i said plaid is the tie today.