Easing Pain at the Pumps, Hiking Rate Hikes, & Outcry at the House of Mouse. 03/22/22

Federal Reserve Chairman Jay Powell is taking a tough stance on inflation--a lot tougher than the markets had expected. In an effort to combat rising prices, the central bank head suggested that the next interest rate hike might be higher than the quarter percentage point announced last week. Maryland Gov. Larry Hogan explains how the state’s gas-tax pause is helping residents save at the pump. He admits it’s only a temporary solution; a long term fix would be to “increase production here at home so we’re not so reliant on foreign countries for our oil.” Axios media reporter Sara Fischer and Puck News founding partner Matt Belloni weigh in on Disney’s response to Florida’s “Don’t Say Gay” bill as employees continue to express their discontent with CEO Bob Chapek. CNBC’s Julia Boorstin shares intel on the situation from her sources in media. Plus, Christie’s is offering one of Andy Warhol’s famed Marilyn Monroe portraits for just $200 million. In this episode: Sara Fischer, @sarafischer Matt Belloni, @MattBelloni Gov. Larry Hogan, @GovLarryHogan Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie