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coventry direct redefining insurance i'm rafael roma at the georgia state capitol in atlanta. this is cnn >> cnn breaking and you are in the cnn newsroom. i'm wolf blitzer in washington. we begin with the breaking news, a response to donald trump's claim that it's impossible for him to get a $464 million bond as the appeal plays out, the new york attorney general's office is telling the appeals court to ignore that argument. cnn's kara scannell is joining us from new york right now. so qarrah, what exactly did the new york attorney general's say

>> well, if it's trump made this filing on monday, making needs new claims that they were unable to get a bond of the approach 30 insurance brokers will the new york attorney general's office is telling me appeals court that it's too late for trump to come to the table with this information. so it should be ignored, but they also say if you are going to accept it, the new york attorney general's office is saying that the appeals court should discount the testimony in their filing. that is the sworn statements by an insurance broker and trump's top legal officer saying that they both have their own invested interest in this and that they are their testimony should be discounted. they're also saying that trump had said that they approached 30 insurers. no one would do it. no one would do it based on using real estate to support the over half-a-billion-dollar bond that they'd have to put up. the attorney general's office is saying, well, maybe they should try to get a couple of insurance companies to come together or provide more information to court about what

the terms are just they're trying to get under the hood to understand if trump just doesn't want to take the terms that are being offered, or if they really can't get a deal. now the ag's office also saying that trump could do who is that? he could post his own property to the court. he could turn over real estate to the court as the satisfied this judgment as that goes forward, it's not clear if that's something that's trump's side would be interested in. i've reached out to them this morning, haven't heard back but this all comes as the deadline is ticking. trump's grace period get in which you would have to post this bond is on monday. they are hoping the appeals court will grant their motion to say he doesn't have to post the full amount or doesn't have to post money at all until the appeal is finalized. we are still waiting to hear from the appeals court what they are going to do in that case. and if not the attorney general's office has been pretty clear that they are we're ready to move forward to try to see some of his assets and possibly properties as soon as monday well significant

development indeed, kara scannell. thank you very much. let's discuss this in more joining us sienna national correspondent, kristen holmes, former advisor, divide two, then vice president mike pence, olivia troy, and cnn senior political commentator and an navarro, kristin, how concerned is trump over next week's deadline >> very concerned. so i talked to a number of people who are in trump's orbit, allies of donald trump's asked yesterday, what's everyone working on the campaign inching towards this actual presidential campaign? they said nothing because right now everybody is really fixated, really upset about how to do this bomb that trump has been complaining about it. he said he, it's frustrated that they do not have any solutions yet, but they are trying to work on it. but in terms of being fearful that i am to being told that this is something that they are very panicked about amidst all of this, it's clear, kristen, you've been doing a lot of reporting on this. trump is inching closer and closer to clarifying his position on a key issue in the 2024 election, the former president suggesting last night he might back a 15

week federal abortion ban. what can you tell us? >> i'm just not sure how close we are to actually clarifying a position when it comes to a national abortion ban or abortion at all, donald trump tends to use this vague language. now what we heard last night was certainly the furthest he's gone. so let's take a listen to that first the number of weeks now, people are agreeing on 15 and i'm thinking in terms of that and it'll >> come out to something that's very reasonable. but people are really even hard-liners are agreeing seems to be 15 weeks, seems to be a number that people are agreeing at, but i'll make that announcement at the appropriate time >> and i've asked what is the appropriate time? what does this actually look like? and i'm told by campaign advisers that there's nothing on their plate to actually unveil a national abortion ban. and remember, donald trump has said both privately and publicly, he doesn't believe that abortion is politically a winning issue. so this will be very surprising

for him to do. but as we know, donald trump listens to whoever he's talking to at the moment. and clearly i'm told that he has the ear of people who support this kind of national blunt, a very, very public and saying, he's not sure that an abortion ban would help republicans. >> yeah. and i think he knows that this is a very delicate issue, especially as we get closer to november. so i think christians absolutely correct. i think you're going to see him walk full on it. i think you're going to see mixed messaging on it. you'll see him speak to certain audiences and messaging in a certain way. but i think he knows that he cannot win without courting suburban women voters. and look, he's also got to look at latino voters and love shiino's sometimes are very conservative on issue, on the issue. some of them vote more conservative. they're catholic. so i think he's trying to figure out what's the fine line here on how to push this messaging where he doesn't austria besides a very significant voting population, that's just to get anna's thoughts on this as well what do you think yeah. >> well, even latinos use birth control. even latinos,

catholic, latino ivf. >> so i think that regardless of your partisanship regardless of your religion, this is something that is affecting all of us regardless of whether you live in a rest state or a blue state, this is affecting all of us and it's, it's not what republicans are supposed to do, right? a federal abortion ban. part of the logic of overturning roe v. wade, the dobbs decision was that it was supposed to be state decision and i think that regardless of what donald trump says and how much he walked suppose that mixes the messages he still going to have to answer for the fact that it was the judges he appointed who led to the overturning of roe v. wade. and i think that's something that while he may be having mixed messages, joe biden and kamala harris are not going to be mixing their messages and are going to be having him accountable for the decisions he made. the judges he appointed and what they have done, and what it has wreaked on america and i want to get

your thoughts on this. trump says, if the united states supreme court does not recognize his claim of total immunity, that would quote, be the end of the presidency as we know it, his words, what do you make of that? >> i think it's completely the opposite. i think that it is supreme court recognizes that immunity as he argued that it would be devastating to the presidency and to our democracy. we are a country where one of our tenants is that nobody is above the law. >> even >> if you are precedent, even if you are a billionaire, regardless of who you are. and i think that will go very much against that bastion and pillar of american constitution. there can democracy. >> you know, it's interesting, kristen and another related development that trump had a pretty good night last night his candidate for the senate primary, the republican primary in ohio, one, and also exit polls in ohio indicate that more than 70% said it was at

least somewhat important that the next senator in ohio back trump. so what does that say to you? >> well, what it says, what we've been saying, which is donald trump is leading the current modern-day republican party very clearly. but the other part of this is that donald trump didn't just have a kind of good night last night, he had a very good knight they was a little bit of concern as to how exactly bernie moreno would pull it out. there was a little bit of late surging from other candidates and you have to remember that 2000 2022 is still very much at the front of everyone's mind. there is a reason that donald trump hasn't endorsed more candidates moving forward because he had a bad run in 2022, he was blamed for a lot of the losses because he picked candidates who would win in the primary and lose in the general. they didn't want to endorse somebody who was going to also possibly lose in the primary, particularly if he got behind them in a state like ohio, which has gone on consistently to trump by a huge margins. so there was a lot of waiting to see how exactly this was going to play out. they were very happy last night when they saw these results come as his candidate will win

winnings. what it's all about. i guess olivia trump is also down saying he thinks democrats have been, and i'm quoting him now very opposed to the jewish people after he said jewish people who vote for democrats, quote, eight israel republicans are dodging, commenting on trump's rather alarming statements. listen to this i don't necessarily agree with the statement, but i do question why individuals who are jewish would not support israel. i would disagree with that approach. we should be doing everything we can to build the number of people supporting us and that means are jewish friends as well? >> i haven't even seen the tape so let me she see the tape of what he said >> what's clear so far as a lot of republicans are not coming out and criticizing or condemning trump's words. >> yeah, and they should be because what he is doing is sowing division across our country once again he knows exactly the type for messaging use. the he's using is going

to create a significant more rise in anti-semitism, which we're seeing across the country. and i think he chooses his words carefully because he knows the impact of then he knows that he's going to get a rise out of his voters on this. and he's going into conflict. the messaging on this issue, but the reality is like i was there when we've talked to him about why his words matter when shootings at the synagogues have happened, i had been there. he has been specifically told about but how to use language that doesn't fuel this rise of this hatred. and so i think when you see him make statements like this, it's to ostracize the jewish people, but i don't understand get here. i don't you're going into an election. you need to be building a broader coalition. so why do you continue to push these groups and create division that pushes these people away? >> why do you think he doesn't have i don't know why he uses this messaging, but i will say to that point what i find so fascinating about this is that >> donald trump has been told by his campaign that they see an opening among liberal

democratic jewish voters who are unhappy but the way that biden has handled the israel-hamas war. so they've told him that. and yet this is the rhetoric that he chooses to use when messaging to the jewish people, which is where there's really a conduct reflect here in terms of what they're trying to do in a general election and what kind of messaging he's actually putting out there. >> yeah, it's really an awful situation indeed. >> and i, president biden meanwhile, is out there campaigning in the west once again today as he tries to make his case specifically right now to latino voters, and he is saying trump. and i'm quoting the president now, despises latinos. do you think this is an effective strategy? >> trump has and the republican party has definitely made inroads. here where i am in places like miami-dade with cuban americans, with when as well, and americans talking about socialism saying, for decades they've been building the case. republicans and democrats are synthesized sites

with communists, with socialists, and such i think it's very smart of joe biden to make the contrast and talk about what he brings to the latino community. i think is very smart for him to be doing it it's early one of the things that i think any community hates is when in the last two months of the campaign, somebody shows up to the vote and look on the issue you were talking about before, which is the jewish vote in the claims that trump is making regarding democrats and jewish support >> how do you take this guy? there is when he is literally, not figuratively using hitler rhetoric to describe latinos, to describe immigrants when he is talking about poisoning the blood of america. that is not coming out of context. that is not coming in a vacuum. >> those >> are >> hitler words. those are the same the type of rhetoric that heide off hitler use so i have a very hard time understanding

how trump could be making this argument about israel and when his at the same time quoting the man who killed 6 million jews in the holocaust. >> and he's saying that these latino migrants trying to come into the united states are animals. his word, he called them animals, aren't anna. thank you very much, kristen. and 11 >> also what hitler did yeah. >> i just at the size of your basic point and a thank you very much. right now, there's other important news we're following as well. the house oversight committee is holding a very public hearing in the impeachment inquiry of president biden. it's the second hearing of its kind since republicans launched their investigation into the biden family play some six months ago, the president's son, hunter biden, was invited to testify this morning, but declined. republicans do have an empty chair with his name on it dramatic gesture for what could be a rather spectacle of a hearing. cnn's melanie's

known as up on capitol hill, watching all of this unfold, what do we what other? republicans hoping to accomplish? melanie >> well, what this is only the second public hearing that republican had related to their impeachment inquiry. and they yet it's improve. the president biden profited off of his son's foreign business deals. so there is immense pressure on republicans to prove why this inquiry was worth pursuing in the first place. isn't in the absence of hunter, they have turned to other individuals who have claimed without evidence that biden has been more involved in his son's foreign business deals, then he has led on an earlier today at the start part of the hearing, house oversight chair jim comer offered a possible new explanation for why biden was involved. take a >> there are only two explanations for this the first is that joe biden knows exactly what he's doing and knows a handshake, a wink, and a smile is enough for him to maintain his jim biden famously calls it plausible deniability or joe biden is being led around by his family and has no idea who

he's meeting with or what message he is sending in his truly an elderly man with a poor memory there's no other explanation either joe biden is complicit or joe biden is incompetent >> so calmer, trying to make this as politically damaging as possible for biden, even if their core claims about the president don't pan out to be true. and meanwhile, there are major questions about whether they're going to have the votes to impeach biden that is looking increasingly less likely. there could be criminal pearls and a final report for now though, convert focus on trying to focus on this hearing that has yet to prove any of their claims >> melody, you'll keep us informed on what's going on. thank you very much. no one is known up on capitol hill still have this hour or rather contentious texas immigration law that raised fears of racial profiling is on hold. again, after the 11th hour court's were alive at el paso and

israel is pressing on with an operation against hamas at gaza's largest hospital so we'll have a live report coming up from jerusalem plus another pr nightmare for britain's royal family. a report that a hospital employee tried to access the princess of wales is private medical records stay with us. you're alive here in the cnn newsroom united states of scandal with jake tapper sunday at nine on cnn >> from meat free monday to sizzle pan sunday so many ways to save life ruddy wallet, happy, but 365 by whole foods market meet normally is barred. jack russell >> and pardon tornado meet the bissell cross wave hydro still it's part of vacuum mop. the steamer. and tornado chaser this on a new breed of clean

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>> right now, a federal appeals court is hearing new arguments about a controversial immigration law in texas the law let state and local law enforcement arrest and deport people suspected of entering the country illegally late last night. that appeals court put the law back on hold just hours after the united states supreme court said that texas can begin enforcing it. we've got more of the story from cnn, senior national correspondent ed lavandera. these on the scene first and el paso, texas, and cnn senior supreme court analyst, joan biskupic, she's here with me in washington. add lots of back-and-forth going on over the past 24 hours. it's getting a bit confusing. first of all, what are law enforcement agencies? along the border where you are actually saying >> while we've >> spoken with the number of shares and police chiefs across the state who are closely watching this legal roller coaster continue to play out today. but what many of these law enforcement agencies wolf

are preparing for is trying to get a sense of how this loss bill for sb4, as it's known here in texas how it would be implemented on the ground day-to-day if it is allowed to go into effect. and one of the things that we're hearing, the common theme that we're hearing from law enforcement organizations all across the state, right now, is that it doesn't appear that there is a great deal of an appetite or desire to go out and have law enforcement officers solely enforcing this law in asking people for documentation, immigration documentation that proves their legal status here in the country. they are saying that if it doesn't it's come up in the course of investigating other crimes than it would then be enforced. but the idea of sending out law enforcement officers to go around and start asking people if they've entered the country illegally does not sound like something that sheriffs and police chiefs are going to be ordering. there agents to to do here on the ground, listened to

the police chief in laredo who talks about the uncertainty that his department is facing as they wait to find out that the legal future of this law here in texas let me be very, very clear that this law can be applied during a lawful detention or an arrest >> he can be >> just by seeing somebody thinking the officer thinking that he's not from here, and then asking for documents, it doesn't work like that. it also has to be where of course you see somebody crossing the river i don't magically, you know that he is valid in that long. so that applies there >> wolff, one of the reasons that we hear over and over from lee's law enforcement departments across the state. is that there's a manpower issue, there's a concern about jail space, and then there's others who were saying like, look, this is simply the job of a border patrol and federal immigration officials. it should not be the job of local law enforcement departments across the state >> very interesting add da on

the scene first and el paso. thank you very much. jump biskupic. you're an expert on the supreme court. here's what a lot of people are confused about. the united states supreme court says that the texas law can be implemented despite all the controversy. but then a lower appeals court says it's gotta be put on hold. once again and i thought the supreme court was supreme. it is. and what we'll let you forget that. but the order that they were responding to buy the fifth circuit was effectively usurped by the fifth circuit last night with its new order. these are all temporary preliminary orders. and what's going on right now. wealth is a hearing that could lead to a more formal order. i know all this legal zigzagging is a bit complicated, but the bottom line is right now a three-judge panel, the fifth circuit is hearing arguments from the state of texas and from the biden administration and from immigrant rights groups about whether the law should take effect, y, while appeals play out, which side would be harmed. and let me just read he'd something from justice sotomayor yesterday when the

supreme court act and that i think tells you the stakes. she dissented. she was one of three liberals, dissented, and she said, the court invites further chaos and crisis in immigration enforcement texas upends the federal-state balance of power that has existed for over a century in which the national government has had exclusive authority over entry and removal of noncitizens. now what the three judges who are hearing this case right now off as we speak, are trying to decide is while we wait to have the merits of this issue over whether the state of texas or the federal government has final authority over what's happening at the border. should the law to take effect, which side would actually be harmed? so it's a question of harm. and right now, the texas solicitor general, a man by the name of aaron nielson, is trying to convince this panel that if this law does not take effect texas as a state, would be harmed the biden administration department of justice lawyer will then come up next and say, no, it will actually be the administration

and its supremacy over immigration and people at the border the rights of migrants, they will be harmed if this takes effect. april 3rd, then will be a hearing in the fifth circuit on actually the constitutionality of this law. but right now, we're at this very critical stage of kansas law being forced, and we'll see what happens in the coming days. joan biskupic. thank you very, very much. there's more news. we're following. secretary of state antony blinken getting ready to head to israel drill on friday as the israeli prime minister benjamin attacking you prepares to speak virtually two republican lawmakers here in washington. later this afternoon, we have details just ahead >> are you all-star teams returned for a waterfront redemption showdown? >> like in a brain but only one will make us flash. >> i think >> we nailed it, rocked the long haul new monday night at nine on hgtv where you have

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are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business. aid 51177. call now >> i'm evan perez federal court in washington, and this is cnn >> later this afternoon, the israeli prime minister benjamin, the time you how is set to address senate republicans from jerusalem in a closed-door video meeting. it comes as we learned, secretary of state antony blinken will actually had back to israel on friday and that president biden has asked to tiny out is sent top israeli officials to washington next week to discuss. so what it described as alternatives to a military offensive in gaza's southern city of rafah. and in northern gaza, write down israeli military raid of the enclave's largest hospital, where thousands of people are actually sheltering in dire conditions, is it? its third day seen as jeremy diamond is

joining us from jerusalem right now, jeremy, what are the latest developments? first of all, in this rate? >> well, well, fast. this is really military operations stretches into its third day, the israeli military claiming to have killed 90 people who they described as terrorists. they also say that they have now detained and taken 160 suspects to israel for further questioning after they detained hundreds of individuals at al-shifa hospital including as it has been reported previously, an al jazeera reporter and his crew now, the israeli military says that they've located weapons in addition to having killed those hamas fighters. they also claimed to have been taking significant precautions as it relates to the civilians and the patients and the medical staff at that hospital. but witnesses on the ground vindicated that there is rampant fear of israeli snipers indicating that some civilians have indeed been shot by israeli forces. the gazan civil

defense for its part, says that the situation around al shifa hospital is, quote, very difficult, saying that those who are still inside and this hospital, a hospital where around 33,000 people were believed to be sheltering that they are facing severe shortages of food and water the civil defense also says that they have been unable to reach the vicinity of that hospital but we'll were there are still believed to be injured? people, some of whom may be trapped under the rubble following israeli airstrikes in the surrounding neighborhood around shifa hospital. the israeli military has also pursuing major military operations. in central as well as in southern gaza. all of this, of course, with the backdrop of those ongoing negotiations to try and secure a ceasefire, which we know is desperately needed as far as the humanitarian situation in gaza is concerned, secretary of state tony blinken, arriving in the region today, he is set to arrive in israel on friday to pursue further discussions with israeli leaders as they

consider hamas is latest counterproposal and prepare one of their own will >> jeremy diamond and jerusalem. thank you very much. i want to bring you in right now, congressman jim himes of connecticut, he's the top democrat on the house intelligence committee. congressman, thanks so much for joining us. first of all, on this continued raid of the al-shifa hospital in gaza. do you believe israel is operating in line with international law how do they keep the thousands of civilians trapped there out of harm's way >> well well, if you know the none of us really know exactly what's happening today, right there. but i will tell you this, which is that if hamas, as a military entity is using that hospital to shelter equipment, to shelter, they're menn then the hospital ceases to have the protection that a hospital typically would have would have that does not mean, of course. and again, we don't know exactly what's happening. that does not mean that just because the hamas is using that hospital as a launching point or whatever it may be that the israelis can ignore the other elements it's of international

humanitarian law. they still need to adhere to the protection of civilians. to proportionality and all of those rules >> a group of top israeli officials, as you know, that they're expected to visit here in washington next week to hear the biden administration since so-called alternatives to a ground invasion of rafah in southern gaza. but prime minister and ateneo is insisting israel was still press ahead rafah. so do you expect israel to heed these new us warnings? >> while to date, wolf, as you know, prime minister netanyahu there's not paid a lot of attention to the concerns of the president of the secretary of state. but at the end of the day, that's not the critical story that's the way it often gets framed, but the critical story critical question is, can israel go after hamas and the remaining battalions in a way that is considerably more humane than the, way the war has been conducted in the last couple of months. that's the

question and the reality is, and this is why i'm glad to hear that this meeting is about plans to reality is from the tactical level right up to the strategic level, from the private to the general. decisions get made. what kind of munitions to use, what timetable to use, what mechanisms of evacuate? duration of the civilian populations are there? what ability is there to get humanitarian aid all of those things need to be paid attention to if israel is going to in fact go into rafah >> secretary blinken is also set to pressing israel on getting more aid into gaza right now, as the united nations says, famine is looming looming very large, there is the us doing enough to help surge humanitarian aid in when children and civilians are starving, right now, according to all the latest reports yeah, that's right. >> well, look, the humanitarian situation inside gaza is untenable and every party involved here needs to do more. hamas, of course, which has a long history of stealing aid, needs to stop that. and the

interest of the people that they purport to represent the united states is of course, doing everything we can. there's airdrops happening, there's a pier being constructed in the ocean. the israelis need to commit themselves to inspecting land cargos a lot faster than they are doing it does not serve anybody's purpose to have gazan starving. it is both a moral, a front and it's ultimately not in the long-term interests of long-term solution this problem. so i would answer your question by saying, every single party involved needs to stretch a lot more than they are right now to make sure that humanitarian aid is delivered, you got to get that food and medicine in to gaza as quickly as possible. i'm tuesday, the defense secretary, lloyd austin, as you know, said, the united states will not let ukraine fail. i know this is a subject you've been working on. what's going on in ukraine right now? but it seems as though the, the house speaker, mike johnson isn't going to bring new ukraine aid to the house floor until april after both easter and passover how much is this delay impacting ukraine right now on the battlefield

>> well, well, if i'm glad you quoted the defense secretary because the fact of the matter is for the last couple of once the united states has been failing, ukraine and thanks to the inability of the republican majority house to bring up a bill that had $0.70 so they're supporting it and strong bipartisan fashion in the senate we have failed ukraine. there are dead ukrainians who don't need to be dead. there's a humanitarian situation. ukraine does not need to be as bad because for months now, we have been dithering now, the good news is, i do actually believe that once we get through the budget negotiations of this week and come back after so the easter break, i do see a path. i think the speaker is serious about moving with it, but make no mistake we've already been negligent to use a benign word in our support for the ukrainians and of our support for the fight of democracy against authoritarian regimes. we've already done a lot of damage. we got to fix this as soon as possible. >> and as you pointed out, there's a friday deadline to keep the federal government actually funded just ahead of a partial government shutdown. do

you think congress can make it happen? and when will something more than the stopgap measures that we've seen be put in place the vibes are good around here. will, if i would tell you, i think the speaker has sort of settled the issue that he needs to settle every time he tries as to do anything, which is how is he going to survive and placate his 30 or 40 hardcore maga members who are social media personality please, who have a vision for this country that is radical and extreme and all indications are in. remember, we are talking about 30, 40, maybe 50 members in the majority. all indications are they were lined up to hopefully get this done by friday, if not by saturday, and therefore, a a government shutdown is so important to keep the government operating so many millions of americans are counting on it. congressman jim himes, thank you very, very much still to come an investigation is underway after a hospital staff were allegedly tried to access the princess of wales is medical records were

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january has found that someone in the hospital tried to access her medical record, someone that clearly shouldn't have had access to it? this comes from investigation in the daily mirror, which as you say, the information commissioners followed up on their assessing the report. we've also just heard from the hospital saying they are investigating it. every level this is could be very damaging for the hospital. of course this sort of thing happens is a private hospital, very high-end. they treat lots of royals confidentiality is extremely important. so very shocking. and i think the princess has been told about it i'm sure it'll be very shocking to her. they've been very careful about keeping her medical details private, and they haven't told anyone on what the surgery was four. and i think the palace, which is very unfortunate if it leaked out in this way. but there's no evidence that there has been a leak, but it does appear that there was an actual breach in the hospital very disturbing

indeed, what else have medical officials, medical officials, they're said about their concerns well, it's got right up to the government. this morning at the health minister was speaking to media and couldn't avoid questions about it and she really expressed how serious this was. very strict data rules here in the uk >> these rules apply to all patients are very strict rules about which patient notes you can access. you're only allowed to access the patient notes. you're caring for with their permission. and there's really strict rules. the information commissioner would take enforcement action against trusts or primary care practices, but also as individual practitioners, your regulatory body serve me, it would be the nmc would take action as well. so it's pretty severe i just spoken to the police about as well, who who would be the ones that prosecutor, they haven't yet launched a formal investigation this down to the >> information commissioner >> for now max foster in london for us. thank you very much.

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that's 1808851177. call now this source with kaitlan collins tonight at nine happening now the federal reserve is meeting just ahead of its decision on rate cuts that decisions should >> be coming in just a few hours and it is widely expected that the fed will leave interest rates here in the united states unchanged. cnn report or matt egan is following all these developments for us, we'll be hearing directly. i take hey, get back from the fed chairman

jerome powell later today. what, what can americans, we're watching right now expect will jerome powell is not ready to give borrowers a break not yet. and no doubt it is a very expensive time to borrow mortgages, credit cards, car loans, all of them are very expensive. now remember, the fed started spiking interest rates at it, almost an unprecedented pace, two years ago, trying to get inflation under control. and really since last may, the fed has been in a holding pattern, keeping interest rates at 23 year highs that might be good news for savers who've got money in the bank, but for everyone is borrowing, this is added to some of the pain here. now, fed officials have said they're not going to start lowering interest rates until they get more confidence that inflation really is going back to normal. and so that's why investors, they place almost no chance of a rate cut today every little chance that the next decision on may 1. and really americans are probably going to have to be waiting until june, july, or

perhaps even later before borrowing costs start to come down, we could get some hints today from jerome powell also, importantly, federal reserve officials, they're going to issue new projections on where they think interest rates are going the big question here is whether or not the fed is still penciling in three interest rate cuts this year or if they become concerned by hotter than expected inflation readings and they've had to change their plans and will i think the ramifications here are really significant? again, not just the wall street, but to mainstreet the economy at large and you could see this playing a factor as well in the race for the white house in november >> and man, i know you had a chance to speak to the goldman sachs is top economist earlier who said the us is nowhere near a recession so what's the basis for his argument? >> yeah, that's right. i'm talking about jan hatzius. he was early to call for a soft landing back when a lot of people thought the fed was going to cause a recession and

jan hatzius, he told me that he is standing by that soft landing call. take a listen if i look out the news flow overall over the last year, it's still very, very positive inflation has come down very substantially over that period and more importantly, it's come down without significant weakness and activity. we haven't seen a recession, we haven't been close to her recession. the labor market is still quite strong. employment has continued to increase at a, at a rapid clip so i think the overall news over the last 12 months has been extremely positive >> now, not even close to a recession that of course will come as music to the ears of officials in the white house because all five sitting presidents who had a recession during the year that they ran and for reelection, all five of them went on to lose reelection. most recently, donald trump, of course, both

the longer the fed keeps interest rates high, the greater the chance that eventually they'll start to do some real damage to the economy we'll watch it together with you, matt egan reporting for us. thank you very much. and to our viewers, thanks very much for joining me here in the cnn newsroom. i'm wolf blitzer in washington. i'll be back later tonight, 06:00 p.m. eastern in this room. stay with cnn inside politics with dana bash starts right after this short break >> sanity needs to save you've had a show were right and left talk to each other cnn presents an encore presentation of hbo's real time with bill maher, saturday at >> eight on cnn what i look for in a contractor is someone who's reliable and skillful. >> that's where andy comes in with top rated certified pros and over 500 categories. sandi can connect you with the right pro for any home projects, find top rated certified and prose in your area at angie.com,

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