Balancing the Books

"We have this massive corporation situation where they're not really competing with one another, so they can mutually set higher prices."

The Federal Reserve has again raised interest rates in a bid to fight off inflation, this time to their highest in 22 years, but doing so is a balancing act as they struggle to avoid an economic recession. Meanwhile, Republicans are doing their best to keep Joe Biden from filling military and defence positions over the abortion rights fight. Also discussing the latest on Trump, migration policy struck down in court, US heat waves, and university legacy admissions under scrutiny.

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