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.
