tv CNN Newsroom With Poppy Harlow and Jim Sciutto CNN January 11, 2022 7:00am-8:00am PST
so we were rooting for the best team and it looks like georgia just pulled it off at the end. >> guys, what a game. you know, this was really, it started off really slow. but georgia and alabama was getting hot in the fourth quarter. delivering a fourth quarter for the ages. and we had a big moment early on in the fourth, christian harris, sacking stetson bennett, and he fumbled and the ball was kind of barely going out of bounds, and alabama's brian branch casually grabbed it. went to review. the officials called it a fumble and it was the right call. it led to an alabama touchdown. they took the lead at that point in the fourth, 18-13, but from there, all georgia. bennett making up for that fumble in a bigway, through a 40-yard touchdown to give them back the lead and bennett is a great story, walked as a freshman and left the school to play at a junior college, came back on scholarship, he threw two touchdowns in the final nine minutes. forever going to be a bull dog legend. georgia got a pick sick to wrap things up.
sir -- pick six to wrap things up. smart got a win against his old boss nick sagan. the bulldogs win 33-18 to claim the first title since 1980. here's some more wild teams back in athens, georgia, the fans were celebrating in the streets in the wee hours of the morning. they will have a parade there on saturday. the team heading back to athens as we speak right now. this championship just meant so much to georgia fans. of course, they hadn't won won since 1980 but also they couldn't beat alabama for years, and it had been since 2007, lost seven in a row, so to get over that hump, win a title for the first time in 41 years, it was just pure joy for georgia. >> congratulations to georgia there, our condolences to our kaitlan collins, but andy scholes, thank you, as always, for that recap. good morning, everyone. i'm bianna golodryga. >> i'm jim sciutto.
later this hour, president biden will leave the white house for georgia where he is expected to give a major speech on voting rights that could have major implications certainly for his agenda. the president planning to turn up the heat on congress and urge lawmakers to act fast to pass legislation. he has previously supported carving out an exemption to senate filibuster rules specifically to pass voting rights protections. today, he is expected to spell out exactly what those changes should look like. bianna, does he have the votes to do it? >> a handful are calling on him to skip the speech today and stay in washington and instead focus on delivering a concrete plan to counter republican efforts to make it harder to vote. currently 19 states passed 34 laws making it harder to vote in some way last year, according to the brennan center, and experts say lawmakers in four states have filed another 13 restrictive voting bills for the
2022 legislative session. cnn's manu raju joins us now from capitol hill. but let's begin with john harwood at the white house. john, what exactly are we expecting to hear from the president today in georgia? >> reporter: what we're going to hear is the president in the city where martin luther king and john lewis helped lead the civil rights movement, is going to have the president frame the search for voting rights in the context of two elements of the american story that have been central throughout. one, a democracy in which the people are sovereign, and two, the long march toward realizing the aspiration for flawed beginnings, that all are created equal in that democracy. the problem is, in the wake of donald trump's defeat, and the big lie that republicans are pushing, the republican party has turned away from those ideas, and because of senate rules, they have the power to stop, through the filibuster, the advance of voting rights legislation that's already passed the house of representatives. so what the president is going to do is try to call on the
senate to change those rules, so that they can pass it. here's an excerpt from the speech. it will say in the next few days when these bills come to a vote, will mark a turning point in this nation. will we choose democracy over autocracy, light over shadow, justice over injustice? i know where i stand. i will not yield, i will not flinch, i will defend your right to vote against all enemies foreign and domestic. so the question will be, where will the institution of the united states senate stand? we know some votes rights advocates are not attending the speech. they say they want to hear a plan from the president to pass voting rights legislation, their frustration is understandable but there really is only one plan possible, and that is to get all 50 senate democrats to agree to change the rules to allow this come to a vote by sidestepping the filibuster. the problem is that even though the vast majority of democrats have agreed to do that, there are a couple of holdouts, most notably joe manchin and kyrsten
sinema, who are not agreeing to do that so far. now, they have been trying publicly and privately, the white house and democratic leaders, to more them, they simply haven't been successful so far, the only way to move this forward is if they can somehow turn that around. >> manu, you've been covering this a long time. the reality on the hill is the president doesn't have the votes in his own party here and i wonder is this moving towards a situation where democrats want the issue rather than the law? or at least that's what they feel realistically they can get? >> yeah, it is really about politics, and the 2022 midterms at the moment, getting legislation to the president's desk is highly, highly unlikely. there's virtually no chance of that happening, unless something dramatically changes over the next few day, and there's virtually no indication that anything will change. i mean in large part because there is agreement among the democrats about the actual policy, the democrats are on the same page, over this freedom to vote act, and bill that would
impose a whole suite of reforms, across the processes here, as well as a separate bill, the john lewis voting rights act that would overturn the 2013 supreme court decision that struck down part of the voting rights act, they're in sport of that, but what they're not in support of the process of enacting it. under the current process it requires 60 votes in the u.s. senate to overcome a filibuster and 10 republicans would have to break ranks and virtually all are opposed to the larger bill and all but one are opposed to the voting rights john lewis bill, and there are not 10 republicans and the way to do it is change the filibuster rule, and a vote. kamala harris is the one breaking the tie. joe manchin and kyrsten sinema opposed to changing along these lines, and the concern that future majorities could use the same process to run roughshod over the rights of a minority.
and despite weeks and weeks of negotiation, talks and efforts to get manchin and kyrsten sinema on board, neither saying they will move, and kyrsten sinema reiterating last night, and manchin saying using the nuclear option is not in the cards for him. so getting a bill to the president's desk highly unlikely at the moment. >> highly unlikely and highly unusual for the president to be getting pushback from democrats as well, and voting rights champions, saying this is not where he should be right now, she be back in washington getting some sort of legislation passed. john harwood and manu raju, thank you so much. this morning, covid-19 hospitalizations in the u.s. hit an all-time record. nearly 146,000 americans, most of them are unvaccinated, are now hospitalized with coronavirus. >> in harris county, texas, the spike so bad, they have now increased the coronavirus threat level to its highest level there, cnn correspondent rosa flores is at a mega testing site
in houston. the houston health department says it administered more than 45,000 covid-19 tests in the first week of january, that's eight times the amount in the same period in november. so a lot more people are testing, certainly finding a lot more infections, the big question is, how are the hospitals handling this? >> reporter: that's a big question. and there's a big concern. harris county judge calling it a tsunami of cases, so much so, increasing the covid-19 threat level to red, which is the highest. officials here take a look at several factors including the hospitalization rate. the 14-day average covid-19 icu population is at 18.1% here in harris county, and the goal is 5%. they also look at the positivity rate, according to harris county government, it's at 36.5%. that's why she is asking people to pay attention, the third time that she has had to raise the
threat level to code red. take a listen. >> just yesterday, we crossed the threshold where over 18% of our icu hospital beds are right now being taken up by covid patients, and that was the threshold to say, okay, red alert, this is the toughest level, because it means that we're not having enough beds for everybody else. >> reporter: now, the positivity rate here in houston, where i am, is even higher, it's at 38%, according to the houston health department, and jim and bianna, i'm at a mega testing site, that's the activity you see behind me, there are five of these in the city of houston, and the houston mayor is urging people to please use these sites to get tested, again, in the overall recommendation, it is to get vaccinated. and if your children qualify, get them vaccinated as well. >> alarmingly high in houston right now. rosa flores, thank you so much. joining us now, dr. amy
cotton-phillips, chief clinical officer in providence hospital in seattle. great to have you back as always. >> thanks so much. >> some of the data remains clear, right, vaccinations, particularly booster and vaccination, keeps people, the vast majority of people out of the hospital and makes it harder, not impossible, but harder to spread the infection and i suppose the question is what the guidance is for folks who test positive, because the data also shows less, it causes less severe disease, not just those who are vaccinated but also omicron itself. are we clear now what folks should do? do you think the authorities, the health authorities have gotten the balance right, five days of isolation, is this the right approach? >> i do think that if you test positive, the goal is to keep that germ to yourself, not to spread it to other people, and so if you have the capacity to stay home, and not spread the germ for a full ten days, that's fantastic. if, however, you are a health care worker, for example,
because right now, crisis in our hospital is less about burden of the omicron variant, on patients, and it's more that it is keeping our staff out of the hospital so if you're an sense, healthcare worker and asymptomatic, zero symptoms from covid, you happen to test positive on screening, then the kn95 and going about your business and keeping, washing your hands, doing all of those hygiene things can help us keep our economy going. >> that's for, but as you know, the guidance extends for reducing it to five days, extends far beyond health care workers, right? and i wonder, because folks have a whole host of folks have decisions to make, whether to keep their kids out of school and for how long, whether to go to work or not, and for how long. >> it is unclear at this point, and what the cdc has done is given us leeway to use judgment, and that's where we are at the moment. you know, the good news is that the very contagious variant we have circulating right now that
is ripping through community, and having those incredibly high case numbers, is a less severe variant. so for people that are vaccinated, and boosted, the fact is that when and if you get omicron, it feels more like a cold than a severe infection that is likely to put you in the icu. if you're unvaccinated, it is much more likely to be a severe infection. so knowing that you are carrying a germ, and that that germ in some people can be very severe, it's a tough one to do. are you going to go out of the house, knowing that you might pass on something on to somebody else that has the potential to kill them? >> if we could go back to the hospitalization rate, which is at an alarmingly high level right now, i want to ask you about what you touched on earlier, and that is staff shortages, because hhs is reporting that a quarter of u.s. hospitals are experiencing critical staff shortages. and dr. scott gottlieb addressed this earlier this morning and said it is less about the
patients and the lack of hospital beds, than it is more about the lack of hospital staff, is that what you're seeing? and given how quickly the spread, and how quickly that it may peak, could we be over this in the next week or two? >> i would love to say that we'll be over this in the next week or two. i do think that we'll see a rapid peak, will that peak be in a week or two weeks? i'm not sure. i can tell you that it is decimating our hospitals right now. that our staffs, our care givers in the hospitals, the nurse, the doctors, the respiratory therapists, the cleaning crews, are all getting hit hard and fast by the omicron variant. our people at our facilities are vaccinated. the infection them is likely to be less severe. but they still have to not come to work. that means everybody at work is working so much harder. and we've gone back to doing things like canceling surgeries for people who need it. nobody chooses the surgery, unless they're really, they
really need, it right? and so i was in the hospital, the other day, and they're calling cancer patients, canceling cancer surgeries. don't have staff to perform it. so this is a staffing crisis at the moment. more than the covid crisis. >> no question, and we have the other issue of folks coming in for other issues and conditions who test positive as well. and then have to be given all of the same kind of protection, separation from the rest of the population, et cetera. boy, a lot to throw at hospitals. thanks so much for helping us understand. >> thank you. still ahead, efforts to de-escalate the situation at the ukrainian border continue into round two. how nato leaders are trying to combat russian pessimism. plus, a 57-year-old man in need of a heart transplant was out of options until an experimental opportunity came his way. well now, he is the first person ever to have a genetically modified pig heart beating inside his body. more on this story coming up next. your insur
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president biden will be leaving soon for italian, to make that major speech, pushing -- for atlanta, to make that major speech pushing for voting rights legislation and expected to say now is the time to choose democracy over autocracy, but not everyone agrees the speech is the right way to get action on the senate floor. >> remarkable a big moment for the president. but a lot of the voting rights group, democrat, all of them, are not showing up. we're joining by gloria brown
marshall, a constitutional professor at the john jay brown of criminal justice and author of book, senior political analyst ryan lizza and play book co-author at "politico." great to have both of you. >> ryan, i want to ask about the hard facts of this, right? where this is going. because he doesn't have the votes. and by the way, it's not just joe manchin, kyrsten sinema as well, but there are other democrats as well mark kelly, a handful of others who are still weigh what to do in terms of of whether they would support a carve-out here. has this become a symbolic fight rather than a legislative one, given that math? >> i think that it has. i mean this is a two-week pressure campaign, running up to martin luther king jr. day, on monday, to do everything they can, with, in the senate, with schumer, pushing this issue, and with the president out, sort of
peaking with this big speech he's going to make in atlanta, and activists around the country, to try and convince the remaining holdouts in the democratic caucus that if and when republicans filibuster these two bills, then they need to change the rules of the senate to pass them. and as you pointed out, jim, we've got some pretty big news this week that it's not just kyrsten sinema and joe manchin the focus of this for months. some other democratic senators are stepping forward and saying, we're not so sure either. so you know, not to deflate the balloon here with what's going on, but i think democrats and activists need to start thinking of what's plan b? out of the ashes of what is likely to fail, what can they do on voting rights and electoral reform, it is obviously an important issue. >> and so gloria, what is your response to what a plan b might look like? as you know, a lot of attention
has been made to stacey abrams, not being there, at the speech today, obviously she's at the heart of voting rights reform. and she says that she had other plans, and many voting rights groups are saying that he, the president should rather be in washington, than giving this speech right now, and really trying to make more of an effort in terms of legislation. is that going to overshadow whatever he is hoping to accomplish in atlanta today? >> i don't think it will overshadow it so much as those who are in the know will see that there are certain people who are absent, like stacey abrams. i think that what it says to plan b is that the economic pressures that were placed on certain corporations, for example, could be part of plan b. it could be that we need to look at how president biden was able to put other initiatives through, and get them through, using what he knew in the senate, his elbow grease, and
that wasn't just about speeches. too often, speeches are given to placate the masses, and the hard work and the inside scoop is being done, you know, to make things actually move forward, behind the scenes. and so there are many people who are activists saying, you know, we don't want speeches right now, even though that sounds good and for the general public, why aren't these activists backing him, he is giving this great speech, it's like he's been in the senate all this time, he knows how this works and if he wanted to get something done, as he has his original campaign promises, then he knows that he needs to be in washington, greasing those wheels, and not just giving speeches to people that sound good. >> ryan, so you have this other idea, just to look ahead a little bit, and that is of electoral count reform, in the shortest, simplest terms, this would mean changing the role of the vice president, as we saw last january 6th, being able,
theoretically, right, to reject the electors coming in from certain states. by the way, this unusually has republican senators interested as well. not clear we got enough, but does that idea have genuine legs going forward, if and when this effort fails? >> it's a great question. almost every democrat who supports that, and most of the members, for instance, of the january 6th committee have said that they support that, that it's an important change, that the law really is outdated, it's ripe for abuse by a bad actor, as we saw in 2020, and you know, next time someone tries to abuse it, they could be can successful. it's sitting there waiting for a bad actor to use it to engineer a coup. not to put too fine of a point on it but that's the problem with that law. most democrats will tell you, it is absolutely insufficient in terms of the much, much more sweeping changes that they want.
but maybe out of the ashes of this current debate, the eca reform could get some democrats and republicans interested in a bipartisan proposal that looked more at election subversion and not voting suppression. voting suppression is the sticking point. republicans are not going to change their minds on voting suppression. they don't believe that these laws being passed are suppressing votes. and whether that's true or not, there's no breakthrough likely there. but you do have some republicans who do fear election subversion, and that's the starting point for a bipartisan proposal that begins with reform that you could have after this current debate. do i think it's likely? i don't know, but that's the best shot. >> right. and gloria, which is why the primary focus here for many is the filibuster, and doing away with it, and what t-would at any
other time be a big moment to hear from the president saying he supports a carve-out. i'm curious, that it is not just joe manchin but perhaps a handful of other senators who are on the fence of that, does that weaken the president's stance if in fact he doesn't have an entire party backing him on that issue? >> his entire party has been outspoken in their support of the president's initiatives generally, but there's always been groups that were not backing him all together. so this is not new. i mean we just need to know very quickly, the filibuster was created to stop civil rights, and stop the progress of people of color in this country, and for those people who are believing that this is not voter suppression, it is indeed the use of voter suppression to make sure that those votes are not all counted. so i'm concerned across the boar board not just about the filibuster but continued state action to suppress the vote of many people of lore. >> and the filibuster is already
gone for supreme court justices as well. gloria brown-marshall, ryan lizza, thanks. >> thanks, guys. still ahead this hour, on capitol hill, right now, lawmakers confront the ongoing threat to national and capitol security. ahead of the coming midterm elections. it latest warnings next. which is a lot. so take care of that heart with lipton. because sippin' on unsweetened lipton can help support a healthy heart. lipton. stop chuggin'. start sippin'. better skin from your body wash? try olay body wash with skincare super ingredient collagen! olay body wash hydrates to improve skin 3x better, from dry and dull to firm and radiant. with olay body, i feel fearless in my skin. i lost 26 pounds and i feel incredible.
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happening right now, go major hearings on capitol hill, lawmakers search for answers after the january 6th attack on the capitol. >> the house talking to officials charged with keeping the building safe. and senators addressing the ongoing threat of domestic terrorism. cnn's whitney joins us now, what mother are we hearing. >> at the senate judiciary hearing which is meant to extract from the department of justice, what have you done over the last year to ensure that you are bringing the correct prers tive to the real threat the domestic terrorism proposes, and officials say over the last two years the number of cases of domestic terrorism they're investigating is doubled, and what senators want to know now, is the volume of information you're working with being properly analyzed. ultimately, what we know is that federal officials always knew that domestic terrorism posed a threat but what they did not appreciate was the way that it would manifest.
those are the answers that senators are looking for today. this hearing just began, it began with some of the same themes we've seen over the last year, which is democrats making sure that people understand how vicious the attack was on january 6th, what kind of a real threat domestic terrorism poses, meanwhile republicans drawing this equivalency to the riots that happened over the summer. so democrats played a video of that january 6th, republicans offered a video of rebuttal of that, which was basically a compilation of some of the social justice riots that we saw in the summer of 2020. just now, we're getting into the department of justice officials, and so again, the hope is that there are going to be concrete answer, concrete ways that these d.o.j. officials explain what they've learned over the last year, and how they're different today than they were a year ago. >> and we should note that law enforcement identifies right wing extremism as the primary domestic terrorism threat and they have done for some time and through, we should note,
multiple administrations. whitney wild, good to have you on the story. officials say that russian troops are set to leave kazakhstan after a series of protests that left more than 160 people dead, thousands more detained. how soon could that exit happen? and what does it mean to see russian troops on the ground there? we are going to be live at the kazakhstan border next. and here is a look at some of the other things and events we're watching today.
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ensure, complete balanced nutrition with 27 vitamins and minerals. and ensure complete with 30 grams of protein. ♪ ♪ the president of kazakhstan now says a russian-led military bloc which he says entered the country last week, to help put down a series of major protest, will begin withdrawing its troops from the country in the coming days. >> more than 160 people have been killed in at least, and at least 10,000 detained since protests over spiking fuel prices, government corruption, and other issues began last week. let's get to cnn's senior
international correspondent fred pleitgen in neighboring, and kazakhstan's parliament just confirming the country's new prime minister. what more do we know about him? >> reporter: well, we know he was the acting prime minister after the government that was originally in place stepped down after the protests began and what the kazakhstan president is trying to show is trying to show a return to some kind of normalcy and the situation under control but at the same time we have to point out the crackdown seems to be going on, in full force, and you mentioned it, almost 10,000 people have been detained and i've been watching the numbers over the past couple of days and they've just been skyrocketing from around 3,000 a couple of days ago to almost 10,000 people into detention. at the same time, the government is saying that it is increasingly getting things under control. however, they're also saying that they only did manage to do that with that russian-led force, that they asked to come into the country, it was quite interesting, because the kazakhstan president also said today that they were in real
danger of losing control over amati, over the biggest city, and very much the cultural hub and possibly the capital as well and they essentially say with the russian-led forces, that came in, they were then able to guard some of the critical infrastructure and then it was kazakhstani special forces that confronted those crowds in the streets. of course, you remember some of those scenes, especially from almati, with the soldiers apparently sweeping through the streets, also firing apparently into crowds as well, and we mentioned the death toll of over 160. 103 of those in almaty, the president now saying the situation is getting under kroet and the russian-led force withdrawal and it will take about ten days. >> and we should know that russia looks at the protests and thinks they might see something they saw in ukraine which overturned the pro-russian government. a lot of competing interests
here. fred pleitgen, thank you very much. >> vladimir putin said today he will not allow any revolutions in other countries following up on what you said. the u.s. and russia are deadlocked following yesterday's critical talks on geneva on the growing crisis of russia's border with ukraine. the u.s. officials describing the talks as frank and forthright, but both sides remaining far apart, with the u.s. calling russian demands for a ukraine to never become a nato member a nonstarter. coming up next, russia will meet with officials in brussels tomorrow and ahead of the big meeting, senior national security correspondent alex marquardt sat down with the view with the u.n. ambassador to nato, julieann smith and a portion of what she said. >> russia still maintaining about 100,000 forces right on the border with ukraine. we believe they have plans to bring more forces forward.
we're not in a position where we can say ha we believe that we have seen any clear signs of de-escalation. we are of the mind that at this point, russia is holding with the current force posture it has on ukraine's border. >> cnn's senior international correspondent matthew chance joins us now from moscow. matthew, so what is the kremlin's read-out from these negotiations? are they expressing any optimism? any talk of progress? >> reporter: not really. in fact, the opposite of that. they're saying they don't see any signs of optimism, from these talks so far. and that is what the kremlin's main spokesperson said this morning. but he said they were making a positive assessment of the negotiations taking place. so look, they still are saying they are committed to this week-long series of negotiations, between russians and various officials in the united states and others, and we saw those talks with russia and nato officials tomorrow, the day after the negotiations in
vienna, in austria, where the european security organization will be speaking with russia as well. and after those negotiations are over, the russian officials say that look, we're going to sit down, we're going to have a chat, we're going to have a talk about whether it is worth proceeding any further. the big concern of course expressed by u.s. officials and others in the west as well is that this whole process of negotiation, it is kind of like a figure for the kremlin, so you can say look, we tried negotiations, it didn't work and now go with the military option, that may well be the case, we'll see but there is also a possibility that russia sensed it could get some coverage mices from the west on this ongoing process of negotiation and there have been some compromises offered, the idea there could be a clawback of nato exercises taking place close to russia's borders, that could be looked at. there is also this idea there could be a revival of a treaty, nuclear weapons treaty in europe, to be renegotiated as well, and after it was abandoned by the united states back in
2009, citing russian violations. so look, there are all sorts of possible compromises. the russians might be able to take from this process of negotiation, and all they have to do in return, if you think about it is, draw down some of the 120 or so thousand troops that are positioned over the past several months on the border with ukraine. >> matthew chance, thank you so much for your reporting, obviously ahead of that important meeting with russia and nato tomorrow. well, a remarkable moment for medicine. a man with terminal heart disease receiving the first-ever transplant from a genetically modified pig. the stunning incredible details coming up straight ahead. -hey tex, -wooo. can someone else get a turn? yeah, hang on, i'm about to break my own record. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ with age comes more... get more with neutrogena® retinol pro plus.
this is remarkable. truly remarkable medical news. in a medical first. a 57-year-old maryland man with terminal heart disease has now survived a transplant surgery using a genetically modified heart from a pig. >> david bennett is now at home thankfully recovering but his doctors will have to monitor his immune system for weeks to see whether the transplant holds. cnn's senior medical correspondent elizabeth cohen has more on this, and elizabeth, this has so many people talking this morning, what is the back story here, how did doctors decide on a pig heart? >> because they couldn't get a human heart, i mean that's
really what it comes down to. this was not anyone's first choice, bianna, they would have preferred a human heart, but those are in great shortage, and it was also deemed that he wasn't suitable for a human heart, or for an artificial heart pump. so the surgeons at the university of maryland decided to give david bennett a pig heart. now we are going to see some video of the surgery. if you're squeamish, this might not be for you, but this is truly an historic surgery. and so they chose a pig heart, because believe it or not even though pigs seem little, their size and anatomy are roughly the size ours. that doesn't mean they match perfectly. we have to pump a lot of blood vertically which pigs don't have to because they're low to the ground but it is seen by the patient as look, this is my only choice, either i die, or i get this transplant. so let's take a listen to one of his surgeons at the university of maryland. >> we've never done this in a
human. and i like to think that we have given him a better option than what continuing his therapy would have been. but whether it's a day, week, month, year, i don't know. >> so again, wishing david bennett the best of luck. he will be monitored, not just to see how his immune system is doing, they genetically modified that heart so that it would be less likely to be rejected but they also need to see, is the heart working, i mean people are not pigs, is that heart going to be able to pump blood to all of the places that it needs to go. >> and given a shortage of hearts, for transplants, this could be a potential model to save lives in the future. thanks so much, elizabeth. fed chair jerome powell is making his case for a second term.
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right now, jerome powell is speaking before congress, as he seeks confirmation for a second term as chairman of the federal reserve. >> the confirmation hearing comes as powell's vice chair, richard clarida announced on monday he would be resigning before the end of his term this. follows questions over stock trades he made during the early days of the pandemic. cnn business reporter matt egan has been following. matt, first off, of course, the
markets watching this very closely. what are we hearing from powell this hour? >> bianna, and jim, jerome powell is vowing to get inflation under control. because remember, it's the fed, not the white house, that's responsible for maintaining price stability. and prices have been anything but stable lately. new numbers out tomorrow are expected to show that inflation accelerated into a fresh 39-year high. powle this morning acknowledged that inflation is a problem. here's what he said. >> we know that high inflation exacts a toll, particularly for those less able to meet the higher cost of essentials like food, housing and transportation. we will use our tools to support the economy, and a strong labor market, and to prevent higher inflation from becoming entrenched. >> we will use our tools, so that is fed speak for essentially tapping the brakes on the economy to fight inflation. the fed has indicated that it
will end its bond-buying stimulus program around march, and it's pens pencilling in three interest rate hikes and goldman sachs says it could be four times and jerome powell says look if we need to raise interest rates more to fight inflation, we will. the challenge from the fed though is ending these emergency policies without slowing down the economy, or dipping into a recession, or without freaking out financial markets. it's often gotten off to a very rocky start on wall street so far this year, and a lot half is about concerns about the fed. speaking of financial markets, the second in command at the fed is stepping down early, amid criticism over some of his trades in 2020, richard clarida, the vice chairman, announcing he is resigning at the end of this week, his term wasn't due to expire until the end of january. clarida didn't exactly say why he is leaving early, but this news comes after clarida amended
his financial disclosure forms over what he called inadvertent errors and shows that the 2020 trades went further than previously known. and bianna, and jim, on top of inflation and covid, powell will face questions about these trades. >> two other fed governors facing fire for trading, as well. matt egan, thank you. >> thank you for all of us for joining us today. we know there is a lot to keep up on. i'm jim sciutto. >> i'm bianna golodryga. "at this hour" with kate bolduan starts right now. hello everyone, here's what we're aware are watching at this hour. the top covid advisers in the hot seat, top questions on capitol hill about the covid surge as hospitalizations hit a record high. boycotting biden. the president takes his campaign for voting rights protections to georgia. but some activists there say the time for speeches is over.