Capitol Report (Jan. 25): Wages Can’t Keep Pace With Inflation

Steve Lance
By Steve Lance
January 25, 2022Capitol Report

As tensions rise, the White House is taking new action to deter Russia from invading Ukraine. The plan aims to control exports and to protect from a gas supply shortage in Europe. And this conflict could cause higher energy costs and prolonged inflation, warns the International Monetary Fund.

Border Patrol in southern Texas is reporting an over 1,000 percent increase in seizures of the lethal drug fentanyl. Texas Congressman Brian Babin is here with us to discuss.

Sen. Rick Scott calls out the Chinese Communist Party for its human rights abuses—just before the Beijing Olympics are set to begin.

Due to Omicron and inflation, the International Monetary Fund has cut back its forecast for world economic growth this year.

Inflation looms as the S&P 500 drops 10 percent since early January—the worst drop entering the new year in the history of the stock market. With interest rates expected to be raised by the Fed in the coming days, senior economist at Freedom Works Stephen Moore joins us to discuss.

President Joe Biden is working on a plan to lower rising prices across multiple sectors. He met with key members of his team to discuss his plan.

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