19 Burst results for "Board Of Governors"

"board governors" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

06:16 min | Last month

"board governors" Discussed on Newsradio 970 WFLA

"Ryan Gorman. PM Tampa Bay. I'm Ryan Gorman and what we're talking about the economy and all of them. I wanted to spend a couple of minutes this evening, re capping the stock market's performance in 2020 and taking a look ahead to 2021 to do that. I'm joined now on the hotline by CNBC contributor Run in Sana, run Always great to talk to you and you know, despite everything, this has been a rough year on so many different levels, But here we are. December 1st still dealing with this pandemic and all the economic fall out resulting from it yet the Dow Jones basically at 30,000, Could you have seen that back in March? Oh, yeah, I predicted the car way would shoot the new all time highs by by Thanksgiving Day and we see down 30,000 after being at 18,000. On March 23rd. No, Listen. I mean, I've been extremely cautious on and you know that. That got me much You know of late. I would say that there are several factors that are driving the market, not the least of which is you know, I'm going support from the Federal Reserve. The fact that burning We're not ultimately as bad as people feared. And now with the transition underway, less uncertainty around the presidential election, virtually none at this point in the fact that Joe Biden Has picked Former Fed chair Janet Yellen, as Treasury secretary designate, I think was really coming to the street because she is quite pragmatic Labor market economist former Federal Reserve chair former head of the Council of Economic Advisors so very skilled and I must say, and I don't mean this is a political statement. He is taking some experience people who can maybe correct Some of the policies that may have adversely affected the U. S economy over the last couple of years. Let's talk about Janet Yellen as the historic pick. She would become the first female Treasury secretary in U. S history, go back to her reign as Fed chairwoman and tell us a little bit about what she did. That was notable and what her policy views are to give us some insight into where she may take things. Assuming she is confirmed for that position. Yeah, and it's pretty widely assumed that she will, in fact that broad bipartisan support given her expertise, their time and government she was chair of the Council of Economic Advisers. She was The Federal Reserve Board governors and chair of the Federal Reserve First woman to hold that position as well. And she's the labor market economist. She specializes in the economics of the labor market themselves, which you know as you know, While Wall Street's been doing fine during this pandemic, Main Street has actually been suffering. And there's no discounting mechanism for that, right. There is a publicly traded stocks. Don't reflect the failure of mom and pop stores. They don't necessarily reflect some of the economic dislocations that we've seen lately, and I think she has a pretty good handle specifically on those topics and she will be able to work. Quite closely with the Federal Reserve, given her understanding of that institution, So as they almost emerged this year through the cares act of the Treasury secretary of the Treasury Department understatement, you, Jim. Backstop the Federal Reserve under J. Powell and provided a new kinds of stimulus for the economy. She's going to be able, I think to navigate that those shows even better and provide some very clear Worship of policy matters both in terms of fiscal policy from the federal government and even have a greater understanding monetary policy Since she's been at the Fed. I'm joined by Ron Insana, CNBC contributor Talking about the markets here in 2020 and taking a look ahead to 2021. Following up on that point. Let's assume that Janet Yellen is confirmed as the Treasury secretary in the Biden administration. Her relationship with the current Fed chairman to Rome, pal. What is that dynamic like, Because that's gonna be one of the most important relationships in Washington. Do they have a good report? Judging from both, you know word indeed, I would say yes, and they worked together for a period of time, so they overlapped at the Fed. Andre. That means that there'll be some obviously continuity of thought. Now, of course, Treasure Secretary Mnuchin, The outgoing Treasury secretary, has pulled back nearly half a trillion dollars from these various Federal Reserve program, Much of which Haven't really been used of late, but it is kind of a strange maneuver at the end of the administration to try to take a part of program that at least should be in place. The foreseeable future, So whether or not that gets reversed remains to be seen. But, yeah, I'm judging from J. Powell's behavior. I mean, and you couldn't run a line almost all the way back to Alan Greenspan through Janet Yellen, Ben Bernanke and Greenspan himself. Where their response to crisis that we've seen since let's say, uh, the late nineties with the bursting of the Internet bubble on that have been very similar. It's it's pretty forceful intervention. To ensure that whether it's the financial market event or in this case, the pandemic of that doesn't permanently disrupt economic activity. And I think that line runs from Greenspan through Bernanke through yelling through Powell, so there's a lot of continuity of thought philosophy there. So taking a look at what's driving the market. At the moment, we've talked about Janet Yellen as the pick for Treasury secretary in and Joe Biden administration. Obviously, with the election being over that has come the water's a bit all that uncertainty, But we don't have a relief package that's been agreed upon yet. Is Wall Street, basically figuring that's just going to get done. What are some of the other dynamics that are affecting the markets right now? Well, it's a couple of things. I mean, yes, the pandemic in a current that is getting worse before it gets better, But we've had two if not three. Vaccines come out that are Very highly effective. So that's certainly been AH boomed in so called recovery stocks. The fact that would benefit from people going back to normal at some point in 2021 presidential elections out of the way, there's no more uncertainty around that. And then you have what appear to be the makings of a reasonably well. Picked well chosen experience Cabinet.

Federal Reserve Janet Yellen CNBC J. Powell Joe Biden Federal Reserve Board Ryan Gorman Alan Greenspan federal government chair of the Council of Econom Secretary Council of Economic Advisors Treasury Department Ben Bernanke Sana
Lawmakers on Boston's Beacon Hill Approve Police Accountability Bill

WBZ Afternoon News

00:42 sec | Last month

Lawmakers on Boston's Beacon Hill Approve Police Accountability Bill

"Lawmakers on Beacon Hill. Discussing a massive bill that would bring police reform to the base. State state rap Carlos Gonzales says the bill addresses central issues, accountability and transparency. And I am proud of the work that the black and Latino caucus address and provided the agenda to make this a reality today. I'm not all lawmakers are on board Governor Baker first of all safe He's not saying if he supports the bill or not. Instead, he says his office hasn't even talked to their lawyers about it yet. Meantime, both representative Patrick Purity of situate and Senator Dianne Jihad Leo of Methuen, say less than 24 hours isn't enough time to review or 129 Page Bill. There was discussion going on right now on Beacon Hill on that bill Compromise announced yesterday,

Carlos Gonzales Beacon Hill Governor Baker Patrick Purity Senator Dianne Jihad Leo Methuen
"board governors" Discussed on KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

07:05 min | 5 months ago

"board governors" Discussed on KNX 1070 NEWSRADIO

"Again Valley highs in the lower nineties. Currently, it is 82 degrees in downtown Los Angeles at 106 This is K connects in depth and Mike Simpson and on Charles Feldman, twentysomethings in this country who have been blamed as the main source for the resurgence of Corona virus. Are increasing, increasingly fed up their social lives were shut down. Their careers were put on pause, and they're often criticized for acting like they are invincible. So we will go in depth today on covert inspired generational warfare. Now would this make you jump on the next flight out of town? Emirates Airlines promising too. Cover your funeral costs. If you I'm not kidding. If you happen to catch Cove it on one of their planes and die. We will look at how brands or trying to advertise during a pandemic and With the rush to develop a vaccine will political pressure come into play? President Trump continues to promise that one will be here soon. A vaccine will scientists, though, cut some corners. There's a Federal Reserve board governors offering the prescription to a depressed economy shut down the entire country without exceptions for at least six weeks. And then snuff out the virus as much as possible. So would that work Would you do which would you really stick to it? Would you stay at home Go nowhere, and with the boost unemployment benefits now finished. We'll talk with some people who've lost their jobs, lost the extra money and who are trying to stay afloat. I'm still working on the airline that's going to cover your funeral cost well. I'll have orange juice and water available. And then if you die will cover your funeral. We start, though, with frustrated young people and everyone else who was frustrated along with them. John Leah Bye lock is president of Bernard College at Columbia University in New York. Thank you for joining us. So you know, it's interesting. I was reading on article this weekend because it seems to be a worldwide thing. I was reading an article about How young people in Russia are rebelling against everything from wearing masks to social distancing. I was watching a BBC Ah, piece on the weekend. Also, it shows they're invited for the weekend. Ah, where they were talking about the same phenomenon in Europe, and I suspect it's the same here in the U. S. Is that right? Well, I think we shouldn't generalize everyone. There's certainly a lot of young people who are being very responsible. But it's also the case that a lot of people are tired of the Social distancing and other recommendations, and not everyone always makes the best decisions. So do you see a distinction, though, between people making these decisions for social reasons like I miss my friends, I'm in my youth. I am 23. I want to go out. I wanna hang out with people and then financial situations like maybe I was working in the hotel industry or at a restaurant or at a bar and now I don't know what to do, and I don't have a lot of places to turn because there's frustration both ways. Yeah, And I think that oftentimes people aren't so great about seeing the long term consequences of what's going on. We think about the short term. It's one of the reasons that diet for her to maintain its hard to think about the long term health benefits for others in the short term goal of eating the burger and so some of it comes down to bath. But there have been other cases. I mean, you know, it's been a long time, but we did. If a pandemic 100 years ago, there were young people, then we've had sort of many pandemics. Since then. Swine flu was one, although it wasn't as pervasive as the Corona virus. Is it just the longevity of this one? And the prospects that it's going to probably go on? For many months and maybe longer than that that's causing this. Some of it is you think about the media what you're going to do who you're going to see? Not. Maybe that you would catch something that would show up in two weeks or later. So it's part of it is about thinking about not just the reward in that moment, but what is actually Happen down the line. Can you change that mindset? I mean, I try and think back to when I was in college, and I probably just thought about tomorrow. Also, I wasn't 23 weeks out. I wasn't years out. Yeah. I mean, I think one thing to do is think about what's immediate to you. So are you living or in touch with parents or relatives who could be more affected? I mean, it is true that we tend as were younger to think of ourselves as more invincible, but certainly we haven't impact on those around us. And I think Really appealing to that is important. And also I mean, I think Making sure that we aren't saying all young people are like this that at Barnard, where we're bringing our plans to bring back about half of our campus, we have students are really excited about sort of about a new community and doing the work on DH. It's about helping all everyone feel about that collective. How, though? Do you get the message to those young people who all the medical experts seem to now be in agreement on are primarily the demographic that is driving the resurgence of this pandemic, And there's there seems to be very little medical question about that at the moment. How do you get that message to them? That it is not only their responsibility, largely, but it's also a responsibility to society at large to do the things that they find and are getting bored with, like wearing masks and like social distancing. Yeah, I mean, I think it requires a cultural change. And so everyone has to feel part of the collective. So it's not just hearing it on the news or hearing it from the government. It's thought to be hearing it of those people. Your closest with your parents, your friends, The younger people have to support other people in the your friends are telling you to wear a mask. You're more likely to do it, I would get benefit. You're hearing it from your mayor. Or from the governor from someone else. See on Leah. Bye. Lock president of Barnard College SATs Columbia University. Thanks. So you spent by the way a few days off having a great Vacations, socially distance get you stayed like nine miles away from people right out on the beach all by myself. That's nice. Ah, birds flying by So what kind of birds? Oh, many I was googling them as they went. Sounds right. I'm a bird watcher now because there's a pandemic. Isn't that excited? You weren't before. When can X in depth continues? This is one of the stories I just know, I find fascinating covert themed advertising. It is starting to get pretty dark in what is now, of course, the six month of this pandemic little that I know when I joined Kaiser Permanente that it would be on my top 10 list. For what has made this year. Agree. I can see my position. I could be referred to the lab. I.

president catch Cove Emirates Airlines Los Angeles President Trump Kaiser Permanente John Leah Federal Reserve Europe flu Charles Feldman BBC Leah Barnard Russia Barnard College SATs Columbia Mike Simpson New York Columbia University
"board governors" Discussed on KDWN 720AM

KDWN 720AM

07:04 min | 6 months ago

"board governors" Discussed on KDWN 720AM

"You know your livelihood into your business, and if that's all gone, then you have to depend on the government. So by so Isis like helping out the casinos, which is good for Las Vegas from a tourism perspective, it's horrible for the city of Las Vegas. Because you're going to so many small businesses. They're going to be at their adversely affected who were going Teo also add, Teo also add to that and say You're definitely adversely affected if you're dead or somebody in your family is dead. 2575396 Go to Kenny. Kenny is next on the Vegas Don't By the way, Kenny. What's going on York Post was that was the 1% every 37,000 E What's up? What's up, Kenny? We lost Kenny. Let's go to Dave. Dave is next on the Vegas take, Uh, Dave, What's on your mind, my friend. What's up, Dave? It's just sad that you know. Business owners are Gonna suffer through this and I was under the impression that if this was able to be done safely using masks But the one business is opening up, and I don't understand that at all is the N B, a. The NFL. You know what's next? They're going to movie production. I agree. You know, I agree with these guys, you're sweating and they're touching. One of maybe I could not agree with you more. I think if there are no fans, and it's so dangerous that you can't have fans in the stands. Maybe we just shouldn't have the sports altogether and wait this. It's not even the fans. It's these guys. One on what's right. And these and these guys are making major Money. So if they do get sued if one of them dies, and Amber gets out, it's gonna be for a huge amount of money. That being said last week end players were tested. 346 more tested, and there was zero positive test and they do play inside a bubble. So it's little different. Dave. I've got to get to some other callers, my friend. Good luck. Thank you. Appreciate you. Thank you. We got it. We got a lot of people on hold, so I want to get to as many as possible to 575396 Let's go, Matt. Matt is next on the Vegas take back. What's going on? What's up, man? 2575396 is the number to call Richard is next. Richard. What's up, Richard? Hello, Going out of guys every day. They have a reason why the coronavirus locked down filed in the US because the lot down was not existent. I'm Bentley in contact a lot, my friend back in UK and literally. Most of the shops are all the shops say McDonald's Starbucks. Every single takeaway shop restaurant was they had a real shot down, right, Richard? We did not know why, but down on the head and exited because I had to drive around, you know, in my cow. You are so right, Richard. You live in Vegas, right? Yeah. Richard. Understood. Richard. Richard. I couldn't agree with you more. And you're the perfect person to talk about this. Do you remember when Steve says, like reopen the strip? And I thought he opened it up way too soon. We're in the red zone right now. Court, according to the White House, I mean, that had to have something to do with it right? Oh, yeah, I agree. I'm not going to think it's the doubt money as well. You know, the the the U. S economy was, you know, especially falling upon. They opened up a little bit quickly on. Well, I'm glad that I have heard that the vaccine, huh? Being like, you know, Thank God. I'm hoping in the future is all about us. Ah, allowing ah, UK people to have easier but which is getting cool. Richard. Richard, let me First of all glad you healthy. Stay healthy, My friend. Appreciate your phone call. If we have this vaccine, and this vaccine is is a done deal. I want everyone to go back to work. I want everything to reopen. Just get the vaccine. My understanding is that Pfizer is going to be paid $2 billion for 100 million of these vaccines. Supposedly, thank God that we're getting somewhere with a vaccine. That is a That is great news, which I will not be didn't I want? I want Everybody to be safe. And I want everyone to make money in a perfect world. This is a crappy situation by Don't worry. Not too. Are we talking about the governor's reopening Turley when there were literally between 15 and 26 million people protesting the George for death. Why is that not being discussed? Why is that not giving any of the blame? It should be getting a lot of the blame. I hear there was groups of 2000 likes and only speak in various could only city. I can only speak for myself. Is this virus? Let me respond that the case has started exploded after these all tests, No one. But if Rankin's blaming it on the guy, why? How could you have not factor and I can both Aiken on Lee Speak for myself. I don't speak for others. I have blamed everybody across the board Governors opening up too soon Protests That could be a black lives matter Protest or it could be an open up Nevada protest or it could be a protest in Michigan. Or it could be a trump rally. I hold on to Michelle not to protest a long time ago, there was to protest in Nevada I There was like 150 total. I am I am willing to play on protest 100 times J. D Let me be very clear. I am blaming you. Anybody who did not practice social distancing. I don't care whether you're a trump supporter or you love Nancy Pelosi and you have a poster of her on your wall. Do you understand what I'm saying? I am blaming Everybody across the board and you're not blaming contact, tracing, in which case you're going to something else. I just try to be the most honest thing. He's all these things are factored and you're just blaming one thing, And there's so many different things that Aaron Band not playing. The problem is, I never set out to be a lot of people in Las Vegas. It's looking like it or not to be able to pay their rent. Okay, So now you're going into other things. I tried to answer it as honestly as I don't connect. Let's get back to the phone calls to 575396 I never said there was only one reason why we're in the situation We're in now. That's certainly one of the reasons we opened up too soon. 575396 Let's go to Mike. Mike, You're next on the Vegas. Take Mike. What's going on, Mike? Okay. Thanks. Yeah. The reason we're in this situation first because of the lack of coordination on the federal level, but Uh, in defensive line, and those like him in light of the fact that we clearly have a health care system that is at least as profit driven, visited care driven, perfectly reasonable to suspect that the Kobe debts are inflated because the hospital to make funny exactly so let's assume that there are only 100,000 deaths instead of 140,000 deaths. Does that make things any better? It makes it a long flu season. Brian, this is this isn't the flu, but that's what I could entertain that That doesn't make so it makes it a six month we lost. We lost Mike. Let's take some other callers right Right now. I'm not going to entertain Harrisdeath nationwide since February 1st are are a big collective 6% based on expectation from the year before, before the virus was even known. So 16%. I understand you feel that way. But that's not how I feel. It's really I am not going to compare the Corona virus to the flu because it is beyond factually inaccurate. I'm just not gonna do that. 702 to 5, so you can feel that way. You want to 2575396 is the number to call. Let's go to Josh. Josh is next on the Vegas Take What's going on, Josh. What's up, Josh? Hey, guys had like to make a statement and then ask your question of Brian and it's not directed at anybody or putting you on the spot. Is so the guy with the barber shop It has refused to close. While so many other people have Gloucester businesses. Okay. And if you guys know about him, the government obviously knows about law enforcement..

Richard Las Vegas Dave Kenny flu UK Mike Josh Brian York Post Teo Nevada NFL US Matt Pfizer Nancy Pelosi Amber Michelle
"board governors" Discussed on AP News

AP News

11:57 min | 6 months ago

"board governors" Discussed on AP News

"President trump continues down playing the surgeon new positive virus cases across the nation the president insists the invisible enemy will be defeated but we're well on our way but from coast to coast officials are reporting gramma records of new cases on fox news channel's Hannity the president repeated an old line the more you test the more cases you find it's not just new cases though Texas and Florida set new single day death records Arizona continues reporting record highs for hospitalizations we see increases across the board governor Doug Ducey's among state leaders pulling back on re opening ordering indoor restaurants to operate at half capacity Sager mag ani Washington

trump president Texas Arizona Doug Ducey Florida ani Washington
Trump downplays virus surge

AP News Radio

00:43 sec | 6 months ago

Trump downplays virus surge

"President trump continues down playing the surgeon new positive virus cases across the nation the president insists the invisible enemy will be defeated but we're well on our way but from coast to coast officials are reporting gramma records of new cases on fox news channel's Hannity the president repeated an old line the more you test the more cases you find it's not just new cases though Texas and Florida set new single day death records Arizona continues reporting record highs for hospitalizations we see increases across the board governor Doug Ducey's among state leaders pulling back on re opening ordering indoor restaurants to operate at half capacity Sager mag ani Washington

Donald Trump President Trump Texas Arizona Doug Ducey Florida Ani Washington
"board governors" Discussed on WBBM Newsradio

WBBM Newsradio

01:44 min | 1 year ago

"board governors" Discussed on WBBM Newsradio

"Up construction there in the two left lanes the rest of the roads in northwest Indiana look okay the traffic and weather together on the H. every ten minutes on newsradio seven eighty model five put out of found partly cloudy warm and humid overnight lows averaging amazed seventies partly sunny warm and humid tomorrow scattered storms a high of eighty eight current temperature reading is eighty two degrees WBBM news time eleven nineteen our top story this hour new concerns emerge at the U. S. Mexico border where another migrant as died in government custody ice officials say you me Alexis Balder almost Taurus was a repeat offender having a legally cross the U. S. Mexican border several times in the past few years he was being held in a contract detention facility in Houston when he was found unresponsive Sunday left is CBS correspondent bill Rakoff and we'll have more on the story coming up at eleven thirty one body of the fourth and final person missing after a recreational boats sank last week on the sanitary and ship canal has been recovered Illinois conservation police say the body was found yesterday and the canal near forest view marina at fifty seven hundred west forty first rate the man identified as forty seven year old Joseph Dallas and role of Elmwood park week twenty six foot boat sank last Wednesday near Pulaski road with the four people on board governor Printz Kerr's office says key state agencies are taking aggressive action to fill vacancies and hire hundreds of staff in order to continue reducing a major.

Alexis Balder Houston bill Rakoff Joseph Dallas Printz Kerr Indiana U. S. Mexico CBS Illinois Elmwood park Pulaski eighty two degrees forty seven year twenty six foot ten minutes
"board governors" Discussed on Biz Talk Radio

Biz Talk Radio

01:32 min | 1 year ago

"board governors" Discussed on Biz Talk Radio

"Herman Cain is not going to the fed USA radio networks Timberg has the reasons why former Republican presidential candidate Herman Cain is speaking out as to why he decided to withdraw his nomination for consideration for a seat on the fed reserves board. Cain tells FOX business out looked at all of the factors involved which took about a month and collected all of anthem ation these straw wrote. The Camelback was a discussion that I have to administration staffers who told me all the things that. Are not do if I became a Reserve Board. Governor I could not run my business. I could not pursue my business interests. And I had to be non-political. I had to be politically, correct. And anything I say, oh, be nonpartisan. That's like taking a racehorse put them in a stable and not letting them run that just didn't fit with who. I am Maria. That was one of the biggest reasons I'm one of the biggest reasons was that today as the new boss CEO, I have maximum flexibility for what I say when I said who could us is I can be as partisan as I want to. But if I'm Federal Reserve Board governor all of that goes away, and I have very very very limited flexibility. The needles outbreak is closing in on seven hundred cases for largest number in this country in twenty five years public health experts say some communities have low vaccination rates because of the spread of bad information, especially the defunct myth that the vaccine causes autism for USA radio news. I'm wendy. I can't get my computer.

Herman Cain Reserve Board USA Federal Reserve Board fed FOX CEO Timberg twenty five years
"board governors" Discussed on Progressive Talk 1350 AM

Progressive Talk 1350 AM

09:55 min | 1 year ago

"board governors" Discussed on Progressive Talk 1350 AM

"Now, here's Rick anger. Welcome back to the reconquer show. We had left this segment of the program open. So that we could give you up to date reporting on what happened with Bill bar as he appeared today before congress will stencil to talk about the Justice department budget. But we knew that that's not what was on. Everybody's mind. We knew he was going to get a lot of questions on the mullahs report. And he did he got lots of questions, no shortage of questions. There was however a distinct shortage of useful answers. Now, we did find out that he plans on delivering a redacted version of the Malla report to the appropriate people in in the congress within the week. Okay. I would love to tell you that. I'm all Twitter about that. But I'm not because it's going to be heavily redacted. We don't get to where we need to get to plain and simple until the law. Is followed. And the attorney general delivers a fully clean copy of the mullahs report to those people in congress who were authorized to receive it that is when they'll be some satisfaction now. I know you're sitting there saying, well, that's all swell. That doesn't help me. I paid for the darn report. And I'm not going to get to see it. Well, look, you know, we'll see where it goes next. There are court cases yet to come. But a redacted version of this delivered to the United States. Congress falls far far far short of what is expected and the truth is we may not really start to learn significant details intil congress uses what they get the full version of the mullahs report, assuming they get it. And they use it as the roadmap in their investigation as to the behavior of this president and other people in his orbit now. Again, we've talked about this at some length the. Legal situation goes back to the Richard Nixon case where the Nixon administration actually was h r Haldeman who is the right man to Richard Nixon challenged in court whether or not the findings of Leon Joe Warsi who was the special counsel at that point in the Watergate investigation, whether or not he could turn over his findings his report to congress the court set. Yes, he can unredacted unaffected. He has an obligation to give it to the appropriate people in congress. I that's what will happen. This time around of course, figured out by the courts, only, then only then will we really begin to gain an understanding of what is in the mullahs report don't expect attorney general bar to to release or leak or disclose anything of great value in today's hearings because he's not going to the man's not stupid. If he. Wanted to release that data. If you wanted to release that information he would have done it already. He would have done it in his original letter to congress, which told us nothing except for the fact that not everybody agreed that the president was innocent of obstruction of Justice everybody on the special counsels team. So that's where that stands again. I just don't think there's any big breaking news that that arrived out of today's hearing. So let's move onto a topic where we can't talk about it in more detail, and that would be the president's decision to appoint two people remarkably unqualified to sit on the Federal Reserve Board of directors. Now, if you're not clear on what the Federal Reserve does. And I understand that many people don't they hear about it all the time. But what the heck did they do? They have just a few missions the mission number one is to keep an eye on the nation's money supply to make sure. That there's not too much money in the system or too little money in the system and to see how that impacts on their other key objective, which is to support employment employment in the United States. Most people don't realize that. That's why the fed is there to do everything they can to set monetary policy in a way that will support healthy employment. I always liked that about the fed. Now, there are obviously complexities when it comes to understanding how you manage. How you control a nation's monetary system. You want people who have a solid grounding in that area. And I have to tell you something running a large corporation Herman. Cain did run godfather pizza, right? Running a large corporation in no way, shape or form gives you the tools that you need to be successful as a federal board. Governor look, I ran a large corporation. Not in a million years. Would it make any sense to put me in a chair like that? And I gotta tell you something I understand what am one is. I understand what monetary policy is. But I do not belong amongst those few people who will determine the Mon monetary policy of this country. And neither does Herman Cain never mind that he comes to the role. If he is in fact nominated. With a lot of strikes against him. Who can forget him running for president the words shucking Duckie ring, a bell and how he had to bail out of his candidacy why because he was facing multiple sexual harassment charges. Now, I don't know how those worked out. I don't know that Herman Cain was innocent. Guilty. I don't know. But you know, what I do know that I can't believe that there are so few people that Donald Trump could choose from even amongst his cronies even amongst those who will do exactly what he says. I can't believe that. There are no other names. He could've pointed to to be his stooge on the on the fed board then to pick somebody like this. This was the best. He could do what does that tell you? But there is another candidate that the president has in mind to fill a second open seat on the Federal Reserve Board that of course, is Stephen Moore. A gentleman who spent most of his career writing off beds on the economy had a remarkable history of being wrong. I mean, that's really true. I've been reading Stephen Moore for years, and I know Stephen Moore I've had him on programs. And I've always been amazed by how often he ends up eating wrong. I'm going I I can't imagine he gets paid very well to write for the Wall Street Journal if his predictions always end up being well, not always but often end up be incorrect. I don't get the value there, nevertheless, Stephen Moore is the president's other appointee. Or or we've he's told us that he is interested in nominating him to fill a board chair at the fed. What a great choice that is. We learned this week that Mr. Moore. Was indebted to his wife for child support and alimony to the tune of some three hundred thousand dollars and that he simply refused to pay. It took a court order. It took changing the locks on the home where he lived presumably to keep him out. So they could sell it to raise the money. It took all of these extraordinary efforts to get Mr. Moore to pay up. That's what I want a guy who cannot handle his own money, a guy who cannot meet his own financial responsibilities. Yeah. That's who I want determining monetary policy for the entire nation. Yes. This gives me a warm and fuzzy feeling that we got the right people on the Federal Reserve, and they're gonna take good care of us. Now. The polls are already showing us that the American public is dead set against these two potential nominees. What a shock that is. But you have to ask the question. Why? Why is this president like not embarrassed that he offers to people to people out of a nation of hundreds of millions to people to take these huge important roles in the Federal Reserve? And this is the best that he can do. I mean are there. No longer people without such a tarnished history that the president can call on to be his stooge on these important, federal panels. I guess not. I guess he his flat out of names. He can't find people to take secretary post in his cabinet. He can't find people who make any sense whatsoever to sit on the fed. I guess he's just all out of options. So I know let's elected for a second term, and they'll be nobody. But the president because his options will have dwindled that much further. And you know, what that's exactly the way. This president would like it. Stay with us. Lots more. The Rick under show to come. Call Rick now. Eight three three seven one one seven four to five that's eight three three seven one one. Rick. You at this very moment are listening to an incredible radio station that supports the reconquer show and real political conversations that is something so rare in the American media today, we thank them for carrying this show and investing in rational radio, but you know, not everybody can listen to the entire show and not everyone can tune in every day..

president Federal Reserve congress Stephen Moore mullahs Herman Cain Rick Federal Reserve Board United States attorney Twitter Richard Nixon Bill bar Justice department Wall Street Journal Donald Trump Leon Joe Warsi harassment
"board governors" Discussed on Capital Allocators

Capital Allocators

05:01 min | 2 years ago

"board governors" Discussed on Capital Allocators

"Another massive difference is the world when I started in really the eighties and then the nineties you didn't have to think about what's happening, Germany. What's happening China. There wasn't this extreme, Carl Asian. That is today between every different piece that links up within the world and that is massively different. The other massive difference is. How much of the market is passive, meaning that it's either done by index or machines, which for me is a tremendous plus, and that is a massive, massive change. Look start on the first part. It's pretty clear. You've got globalized economies, and as people have continued to reeducate themselves as you have every day you learn about more in the world. Was it the case that people just weren't paying attention because they weren't sophisticated into need to, but there were global opportunities, global diversification and more people pay attention now or was it more about the economy's? No, there's a massive change. We see it everywhere. In fact, the Federal Reserve Board after the, oh eight. Oh, nine crisis thought they were going to be able to protect the whole system from all these changes. In fact, it's gotten worse, but. Because the interlocking the world is something nobody can control and that factor keeps growing and growing. What does that imply for regulation post-crisis and most important thing to keep in mind that the world is not win ear. It's non linear. So you know, I talked to different people who are Federal Reserve Board governors in over and over again the lesson we've learned not once not twice three times four times, this is a non linear world. Therefore don't try to have any absolutes. Try to adjust constantly to the changing situation, some of Beijing and mathematic concept across the board in. That's the basic regulatory lesson is in a massively changing world. You can't have these absolutes. They don't work take me through the crisis from your perspective and roll forward to today. So let Let me me just. just say I'm a financial analyst because I failed at being on gas analyst because I wasn't we'll guess, analyst, but then we'll clap. So then I became a analysts of casinos. But the problem with that was that there weren't that many casinos. So very quickly I couldn't break into the casino mold. So I simply was looking for something that had a thousand different variables or in financials. There were five thousand ten thousand banks in United States because the Puritans brought their culture to the United States that every single community every single community should have both a Bank and insurance company that lesson from sixteen twenty as spread to away. So I could do financials because if somebody else followed ten, then I would follow another ten so I can beat with Maryland. So that's how I ended up is being fined. Mancial analysts in terms of the crisis. It's something that I followed on an almost hourly basis and have very, very strong views. I laugh it people's different explanations. Really, some of the key factors was first of all in a non linear world. You're going to have these events period in people want absolute answers. There are no absolute answer. Sometimes having said that the financial crisis was a rolling crisis, and even when you know it's coming, you don't want to believe it's coming. I I knew it was coming. That doesn't mean I didn't lose lots of money on the financial crisis because even when you know something, you sometimes have trouble acting. It's like, if you know the end of the world is coming, you don't as act on it. You don't want to believe it. And that's just a basic lesson of human life. And so I knew it was coming. I. Was involved with new century when it went bankrupt in February of, oh, eight. I was in the CD, oh market when it was completely shut down by June, Bear Stearns going on there Fannie and Freddie going on. It was I knew it was coming with as it mean you can stop it or even act on it. The financial crisis is, I said, was just simply was a non linear event, and it was exaggerated by series of actions by number of companies. If you wanted to know what is the number one?.

Federal Reserve Board Carl Asian analyst Germany financial analyst United States Bear Stearns Maryland Fannie Freddie
"board governors" Discussed on KMET 1490-AM

KMET 1490-AM

01:57 min | 3 years ago

"board governors" Discussed on KMET 1490-AM

"In the mortgage industry and i've been doing this show for about four four and a half years and i have never really seen the volatility that we're about ready to see in the rates in the market why because during that four year stretch we had not the economy we have today we have a roaring economy we have some things that are going to happen this week probably and by the airing of the show may have already happened quarter point rate hike by the fed will lead to some difficulties in certain markets certainly car buying is going to be more expensive anybody out there doing a new car loan or anything on an adjustable car loan note is going to see their payments increase anybody that's in the credit card business if you're one of these people that always moves from one credit card to another let's say you run up a balance on one and you want to pay it down zero balance on another i know i've done that for a number of years and i've done it when times are tough well that's going to be more expensive now too because rates on your credit card or going to go up and the terms and conditions are going to change so a lot of these things that are happening has a result of the fed rate hike is something to obviously look out for for the mortgage rate if we're looking at mortgage rates right now at four and a half percent let's say for thirty year fixed one thing you've got to pay attention to is when rates are risen or raised by the fed powell over at the fed is now in talks to do that he will probably have done that already and i say he it's not really him it's a committee right they have this federal open market committee meeting there's fed governors nine of them from around the country and they get together and the chairman is the one who usually gives the recommendation and they all vote on it sometimes there's some sense like a few months ago we had one of the fed board governors from new york i believe say that he didn't think of tightly right now.

fed powell chairman new york thirty year four year
"board governors" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:54 min | 3 years ago

"board governors" Discussed on WNYC 93.9 FM

"Laws angels on peres dollars monday to near 90 on november good as always to have you here everybody we begin today with a departure we all kind a new wisconsin after president trump decided to reappoint janet yellen to a second term chairing the federal reserve yellen said in a letter to the president today she will be leaving the fed completely wants her successor has confirmed she going to stay for another seven years the way the terms of the board of governors are set up but no and therein by the way license changes come in for the fed gina smile it covers the federal reserve for bloomberg walked with pro here thank you we should say here it would have been more unusual right if cherry allied elected to stick around after she would no longer the chair absolutely i think that's countering as she had chosen to fair and it would if i can create at sort of unusual dynamic in the committee west the former leader a man and a new chair in place and i think it makes sense that she left melville cowboys she leaves there will be four seats out of the seven on the board governors open tell me what that means yeah and it could even area and abuser because she announced today that shall be stepping down when her successor is appointed and yet still for openings on the board of governors out of seven cherished means that donald trump can essentially completely reshaped institution and it also means that a very small number of governance is gonna have to split up a huge amount of work because these guys are task not only with setting monetary policy but also with really running this massive organization with everything from financial regulation to cash management and and also much more right i mean they are a major banking regulator in this com it's important to note that the federal open market committee does not sect banking regulations that something that's done by these ford members in washington and and it's sort of their so perfectly they don't no one else has control over it and so i think it's going to be really really important to see who give putting those positions in and into mature in for the trump administration to make sure that those positions get selden the timely manner a word here a of.

peres wisconsin janet yellen president bloomberg donald trump washington fed gina melville ford selden seven years
"board governors" Discussed on WPRO 630AM

WPRO 630AM

01:49 min | 3 years ago

"board governors" Discussed on WPRO 630AM

"Back of basque boat lotta titles there you go of you've got a very long business card i know you know and it's sad because shugart islands officials secretary that's for sure yeah it'll she realized she doesn't have a shutting out because it away to um it's election time and all the bad publicity come out about iraq and then we'll see how should goes on msnbc and automotive in an eight than in on whit working shame of that so when it came out what all older just like the road work that was done comfort go down well everything shit touches tied co and by the way yes you know the kick that i've run on unaffected by the eu hit they were like dako quit direct who got the now um well june you just said i a that that is that is for darn sure uh i see that the mm um said now the national republicans are jumping on board governor chafee in former governor chafee in our talk with them yesterday uh keeping up a tax so that's interesting they picked it up as well tennessee retreated at former dem governor lincoln chafee steps up attacks on rhode island i mean on remondo amid primary challenge speculation as interesting that's the republican governors association hitting uh governor raimondo and using our interview in calling us stepping up attacks on his successor lit a long way to go with this is going to be a fun ride four three eight nine seven seven six four three eight wpa darrelle we're gonna come right back i'm gonna tell you how you can find there are too big interviews from this week already on our website six thirty wpro dot com is another rhode islander on.

iraq msnbc eu governor chafee rhode island republican governors associati governor raimondo secretary tennessee rhode
"board governors" Discussed on C-SPAN Radio

C-SPAN Radio

02:24 min | 3 years ago

"board governors" Discussed on C-SPAN Radio

"At the center of our plan tax cuts for the work in america we will reach tax rates increased the amount of income that is taxed at zero an increase heat child tax credit which is very important to families will make a tax cut simple and fair so that the vast majority of americans can file their taxes on a single she of paper we will be simplifying call simplification alan tax we'll have more with the president in just a moment he was also asked of comments about the fed chair which we now know is jerome powell the president's pick it will be official tomorrow mr powell was born here in washington dc he is a partner at the carlyle group he is currently a federal reserve board governor he served in the george herbert walker bush administration a graduate of princeton university he earned his law degree from georgetown university here's more with the president on the fed chair and taxes i'll be announcing tomorrow the new head of the federal reserve that will take place sometime tomorrow afternoon you'll be notified us at the time i think you'll be extremely impressed by this person as part of our push to renew our prosperity i'll also be making a very historic trip on friday as i said our visit will take us to japan south korea china vietnam the philippines you remember the philippine last may by a president that turned out to be not so never quite got the land and we will host meetings with world leaders across the pacific region on the caller whether a made a lot of president said leaders of countries that have been friends unhappy come very good friends of mine and have great trade relationships other than the fact that we are right now being taken advantage of but i think they'll start changing a pretty quickly he administration officials including secretary mnuchin cohen will be staying back from the trip agent to remain vigilant and making sure the tax cuts s so if i have any problems i will be blaming menoach now that.

mnuchin cohen secretary south korea princeton university george herbert walker bush washington official fed menoach america japan georgetown university law degree carlyle group jerome powell president tax credit tax rates
"board governors" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 3 years ago

"board governors" Discussed on Bloomberg Radio New York

"Taylor a candidate for federal reserve chairman made a favourable impression on president donald trump after an hourlong interview at the white house last week this is according to several people familiar with the matter meanwhile former fed board governor kevin walsh has seen his star fade within the white house at three of the people at sad joining us at to talk about this and more for the rest of the hour is money walnut multiasset investment manager at kuts great to have you in the studio money good morning to you and so in terms of the new fed chair you've talked about the fact that you'd characterize powell is a safe pair of hands but just this latest news about taylor change your view at all about where the fed might go in 2018 that morning narra first of all i'm going to say that the president's favorite candidate for fed chair seems change every couple of weeks now we can speculate as to each of the candidates we know what the press in once he has a preference for a republican he was someone who favours a soft abdullah lighter bank regulation by think that if we look at the big picture the heart of it is that there are two things one if it's not mrs yellen who is sitting in that fed chair it means that we will have a period where there is uncertain interior how policy decisionmaking is being made and i think that will be reflected in some volatility in bond markets simply because markets don't know how to interpret reap the signals and secondly we have easy financial conditions in the us low rates tight credit spreads soft abdullah which means that the removal of the communists if monetary policy will go ahead that will continue what do you make of yellowstone's the stocks we stay in fed fed seat at the moment i mean we also seeing reports from apm blitz go that donald trump will be meeting with yellen on thursday so supposes ago a question the last person to see the us president be be the one who staked than that show make a good impression but he stake into her before.

Taylor chairman president white house kevin walsh investment manager kuts powell abdullah yellowstone donald trump us fed mrs yellen
"board governors" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 3 years ago

"board governors" Discussed on Bloomberg Radio New York

"Week holiday the macau tourism office estimates visitors for the week may increase 5 percent from last year's one point two million remy in asencio bloomberg daybreak asia while the latest wall street paula game has the markets to bid on edged the question being of course who were the next fed chair be after janet yellen if there is a new one her term ends in early february lumber has been told it president trump has spoken with several candidates they include national economic council director gary cohn also fed board governor jerome powell and former governor kevin wars bloomberg's global economic and policy editor michael mckee calls worship potentially controversial appointment is not an economist he's a lawyer he did serve on the board of governors but he's not as i mentioned an economist so it might be a little more difficult for him to lead the epa also uh he has angered some people at the fed with some sharp criticisms of the way the board is organized air the govern so that might be a bit of an issue or she is currently at the hoover institute and as mike mickey pointed out he's been a vocal critic of the fed's monetary stimulus policies since the financial crisis he called them nfl active and dangerous or perhaps history that's not surprising a luxury hyman hong kong is set to have set a price record for an apartment sales in asia linda extra shots lana has mall the pen tires unit was reportedly sold for some sixty seven million us dollars more than 13000 dollars per square foot the sing tao daily says the home.

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"board governors" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:11 min | 3 years ago

"board governors" Discussed on Bloomberg Radio New York

"Double the length of its warranties as it tries to recover from the 2015 emissions cheating scandal volkswagen says it will include a sixyear seventy two month warranty all i bought necker and i'm susanna palmer from bloomberg world headquarters china's central bank says today it will cut the reserve ratio for some banks by at least a half percentage point the people's bank of china says commercial banks meeting certain requirements will be eligible for the cat which is aimed at supporting lending to mall businesses in china and will take effect in twenty 18 who will be the next chairman of the federal reserve three people familiar with the discussions say president donald trump has so far talked with federal reserve chair janet yellen national economic council director gary cohn fed board governor jerome powell and former governor cabin wh worse as he considers whom to nominate to hit the us central bank a decision he says he will make in the next two or three weeks janet yellen term expires in february former uber chief executive officer travis cowan named two new directors without consulting the company's new leader or other existing boardman burst that ratchets up a battle for control of uber callinig said in an announcement late yesterday that he had appointed ursula burns the former ceo of xerox and john thayn the ex merrill lynch chief executive cuba's board uber challenged the appointments calling them a complete surprise he hasn't p five under index nasdaq composite and russell 2000 index are at records the story from bloomberg's charlie pellett the sp 500 index closed out its eighth straight quarterly gain the longest winning streak since the start of 2015 stocks move into the fourth quarter which is often the best one for equity bowles for a number of reasons since fund managers need to catch up holiday spending spreads cheer and investors celebrate the january effect in december charlie pellett bloomberg radio global news 24 hours a day powered by more than.

bloomberg nasdaq chief executive merrill lynch john thayn ursula burns boardman chief executive officer director president chairman of the federal reserv bank of china bloomberg world sp 500 index charlie pellett volkswagen cuba xerox ceo travis cowan central bank us jerome powell gary cohn janet yellen donald trump commercial banks china susanna palmer seventy two month
"board governors" Discussed on KARN 102.9

KARN 102.9

01:39 min | 3 years ago

"board governors" Discussed on KARN 102.9

"He just ran out and so some park said state officers were closed tentative deals in the state legislature is expected to get them reopened soon in both main and in new jersey the close public beaches in the garden state focused very much attention on got governor chris christie he was found and photographed on one such beach with his family that'd be each is reserved for the governor to be sure but unique in the sense that he could use it on a day got his constituents have no state facilities to use the picture of christie was shared and marked widely i think it was being used my adding it's ridiculous navy was really on board governor christie did stand his ground no job but this one or any other is more important to me than my relationship with my wife and my relationship with my kids assuming things do go according to plan state facilities now expected to be open for the fourth of july in new jersey the same in maine for a short time there were fears that it was another deliberate attack by vehicle but that is not the way it looks now in boston where a taxi crashed into a group of cab drivers near the city's airport why the driver jumped the curve is still unclear but investigators do not think it is tight a terror some ten people were hurt news from the twitter verse from perhaps the bestknown golfer in the world tiger woods has completed treatment to deal with painkillers in sleep medications which announced two weeks ago that he was receiving professional help that came after which was arrested in florida for driving under the influence would says he will can can you to tackle this.

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"board governors" Discussed on KFI AM 640

KFI AM 640

02:23 min | 3 years ago

"board governors" Discussed on KFI AM 640

"Eighty eight hundred thrown as the region's considered raising tuition by up to twenty eight percent over five years and in march twenty thirteen would win by the way the uc was up against the ropes the region's hosted a fifteen thousand six hundred dollar dinner even as the former uc president's said that the uc was working to weather the financial crisis now they reached out to to people who are on the board governor jerry brown and lieutenant governor gavin newsome who would like to be the next governor brown did not attend either the january or may dinners according to his office which said he was unavailable for comment and gavin newsham also said he did not attend the dinners when told of their cost he said it was inappropriate at these things are on necessary well okay well where were you where were you gavin new some when this was going on you knew there was a dinner you've got the invitation you're on the board and you're not saying anything about it until the san francisco chronicle pointed out to you and then you say oh this is one of the of is this terrible this is unnecessary as much as we all have questions with about the media and being a member of the media i get it and have my own questions this is what you need newspapers four to shine a light this is what this show does shine a light on the dark corners god only knows how much of this crap is going on and never gets reported and it makes me so angry when someone like when the governor won't even respond and the lieutenant governor who's running for his bosses job well say this is unnecessary you guys knew you knew about this dinner you knew where it was you knew tuition was going up why didn't you say something about it then why didn't you stop it then this makes me crazy why do you think these the did you see people feel the need to lavish themselves with these big parties and they do they think they can get away with it because there because they have because they run this institution of higher learning and they they think is sacred and everyone holds it's the sort of i guarantee.

president financial crisis gavin newsome san francisco chronicle lieutenant governor uc jerry brown gavin newsham fifteen thousand six hundred d twenty eight percent five years