Malaise Days are back: Fed raises interest rates by three-quarter percentage point, which is triple the usual size, in another historic move to tackle inflation. Inflation soared to a fresh 40-year high in June, further raising pressure on Fed officials. Coach Trump says he would ask LeBron James if he has any desire to be a woman so he could star on his women's basketball team. Rafael Mangual, senior fellow and head of research for the Policing and Public Safety Initiative at the Manhattan Institute and a contributing editor of City Journal, joins Clay and Buck, all three in-studio in NYC. They discuss the rise of crime in American cities, the failure of bail reform, and his book, Criminal (In)Justice. Clay’s controversial answer to funniest golf movie: Caddyshack or Happy Gilmore?