40 Burst results for "Federal Reserve Bank"

Fresh update on "federal reserve bank" discussed on Morning Edition

Morning Edition

00:43 min | 7 hrs ago

Fresh update on "federal reserve bank" discussed on Morning Edition

"Financial in New York. Maybe the worst week of the year, depending how it goes today, but You know perspective. That's because we've mostly had really good weeks this year. It's funny. All my equity analyst friends have been saying for months. We're overdue for a correction, so they are Thrilled. It's down, but disappointed. It's not down more. So the analyst But you're an economist. How do you look at this? I think what what's happening is, uh, central banks are sort of taking baby steps away from pouring liquidity into the economy, not just the Fed, but the Bank of Canada, the Norges bank. The People's Bank in China, all of them turning down the taps of liquidity a little bit, but we still have an economy that is just unbelievably strong and to put that into perspective. The Federal Reserve Bank of Atlanta. Does this terrific tracking model and that thing is pointing at 9% growth in the second quarter of this year. No wonder stocks have done so. Well this year. Christopher Lowe, chief economist at FHM Financial, Thank you so much. Thank you, David. Norges Bank you may have gathered from his context. Clues is the Central Bank of Norway. Checking the numbers. The Dow is now down 503 points 1.5%, the S and P 500 down 1%. The NASDAQ is down 7/10 of a percent. Marketplace Morning reported supported by C three A. I.

Christopher Lowe David Norges Bank New York Fhm Financial Bank Of Canada 1% 503 Points Central Bank Of Norway FED 7/10 This Year Federal Reserve Bank Of Atlant 1.5% Nasdaq Today P 500 C Three A. I. People's Bank In
Fresh update on "federal reserve bank" discussed on Colorado's Morning News with April Zesbaugh and Marty Lenz

Colorado's Morning News with April Zesbaugh and Marty Lenz

00:25 min | 7 hrs ago

Fresh update on "federal reserve bank" discussed on Colorado's Morning News with April Zesbaugh and Marty Lenz

"A 12 little business and money is Pat Wall Street turns negative on hints of rising interest rates. Earlier this week, Fed chair Jerome Powell said interest rates were not likely to go up this year or next year. But then today, the president of the ST Louis Federal Reserve Bank said rates could go up next year. That change in the interest rate forecast is pushing stocks sharply lower today. Right now, the Dow was down 450 points and NASDAQ is down 75 the S and P is down 35. Usually it's the boss who has the upper hand in the relationship between employer and employee After all, that's who does the hiring and signing the paychecks. But with so many employers struggling now to fill vacant jobs and not finding takers, job applicants have a lot of power. Part of that power is the ability to either have their choice of jobs If they're in the market, or two, perhaps even command a higher wage. Mark Hamrick Bankrate com says people looking for work feel they can take the time to find the best. Opportunity, and that's not likely to change right away. Quote this year is expected to be the strongest in decades. The unemployment rate is now below 6%. It could be headed into the 4% range by the end of the year. As the economy continues to heal, hammering says the jobs are probably going to be there. We're seeing a lot of businesses open after a heartbreaking number of business failures last year, and so in many ways, this is like a rubber band that has been stretched and now is sort of a recoiling in a pot. Positive way, Emmerich says. Yesterday's reported increase in jobless claims likely just a blip in the robust recovery for the job market, and states like Colorado continue to offer incentives to companies so they'll bring more jobs. One such firm is Finder, an Australian financial tech company that's looking to set up its U. S headquarters in Denver Finder has an APP that helps consumers compare prices on Everything from home loans to insurance and more finder was on the receiving end of $2.3 million worth of job growth incentive tax credits from Colorado's Economic Development Commission. Next money update Coming up at 8 42, Pat watered. Okay away news Radio. Thank.

Jerome Powell $2.3 Million Mark Hamrick Today FED 450 Points 35 4% Next Year Finder This Year St Louis Federal Reserve Bank 75 U. S Last Year Earlier This Week Nasdaq Yesterday TWO Australian
Fresh update on "federal reserve bank" discussed on WBZ Morning News

WBZ Morning News

02:50 min | 9 hrs ago

Fresh update on "federal reserve bank" discussed on WBZ Morning News

"$5 billion fight. Is now underway at the Statehouse Governor Charlie Baker and Beacon Hill lawmakers staring each other down these days over who gets to spend the federal government's big fat check. Nobody. BCS James RoHaas has this report. The debate is between the state Legislature and Governor Baker Democratic leadership wants to go through an appropriation process, meaning a slower rollout of the covid relief after getting input from communities and stakeholders. Baker, meanwhile, wants to move at a faster pace, asking the Legislature to fund more than a billion dollars in housing initiatives as soon as possible, as well as spending over a billion more on infrastructure, economic development and addiction treatments. Baker is trying to reach a compromise proposing that $2.8 billion be allocated now, with the Legislature deciding what to do with the other half. At the Statehouse. James RoHaas WBZ Boston's NewsRadio ending on a good note in the final report card of the school year. 53 students and five administrators test positive for coronavirus in Massachusetts public schools. It is the lowest number for both. Since record taking began packed the bags grabbed the passport, You could be off to the European Union countries. That block has recommended to its 27 member nations to ease travel restrictions for all U. S citizens making a return to leisure travel a very real possibility. Meantime, the CDC is easing its travel warning for the cruise industry in the U. S, but still advises only those fully vaccinated should go on board. This comes just a couple of days after a covid outbreak forces Royal Caribbean's Massive odyssey of the seas to postpone its inaugural sailing Well, it's 156 years ago. Today, the final slaves in servitude in the United States of America learned of their freedom. And today marks the first federal holiday recognizing Juneteenth. And because of that, Boston acting Mayor Kim Janey Will raise the Juneteenth flag at a city hall ceremony just after noontime Today, the city will be recognizing the holiday on Monday. Federal government today. Nonetheless, number of events will be going around and around Boston this weekend in celebration of Juneteenth. Annual festivities at Franklin Part Park include food, music and more fun all weekend long. You can also check out one night in Boston and Nubian Square and a screening of the film Juneteenth at the lowering Greenhouse lawn in Jamaica Plain. It's 908 and we're watching Wall Street, which is open today. We're checking with Bloomberg business. Here's Tom Busby. 12 minutes ago ahead of the open. It looks like a pretty lousy day ahead for Wall Street. Jeff Dow futures tumbling earlier now down 260 points. That's after the head of the ST Louis Federal Reserve Bank, said the nation's central bankers have begun discussing Tapering back some stimulus measures giving investors the jitters and some big companies, including Johnson and Johnson will not hire remote workers from Colorado. A new state law there requires companies to disclose salaries for open positions. That's an effort to be transparent and Help close the gender wage gap is Dow Jones reports. Some companies find that law a little too invasive. I'm Tom Busby Bloomberg Business on WBZ. Boston's news radio. Another tennis great drops out of Wimbledon details next. It's 908 Alexa Play WBZ NewsRadio. Were you talking to me? Nope. I'm just telling Alexa to play WBZ NewsRadio and I heart radio love you, too, honey lyrics inspired by state farm, Surprisingly great rates, but my race like that great like that drive safe like that I saved like that straight up facts. Great race like a good neighbor. State farm. Is there little Caesars thin crust pizza is so loaded with cheese and pepperoni. You can't even see the crust. And if you ever want to see it again, listen very carefully Bring 6 49 and unmarked..

Tom Busby Monday $2.8 Billion 260 Points 53 Students CDC Nubian Square $5 Billion Jamaica Plain United States Of America Today St Louis Federal Reserve Bank Five Administrators Jeff Dow Charlie Baker Franklin Part Park Massachusetts James Rohaas WBZ
Fresh update on "federal reserve bank" discussed on WBZ Morning News

WBZ Morning News

00:45 min | 9 hrs ago

Fresh update on "federal reserve bank" discussed on WBZ Morning News

"From 2022 to 2025. Alright, CBS. Is Elise Preston reporting there It's 8 38. And you wouldn't be able to tell this here in the Greater Boston area because home prices are still ultra expensive, but could there be a slowdown? Across the country in the works time for Bloomberg business. Let's check in with Tom Busby Jeff. It appears that way, at least, according to the real estate website Redfin, which says, because home prices have gotten so high out of reach for many would be buyers. Tours of homes, Buyer offers and pending home sales are all way down from their peaks in April and May. But it does say that new listings are inching a little bit higher right now on Wall Street, though, after the head of the ST Louis Federal Reserve Bank, said that talks about pulling back on stimulus measures have already begun this week. Things got a whole lot worse in a hurry. Dow futures down 294 points right now, I'm Tom Busby Bloomberg business on WBZ Boston's news radio. The cop becomes a rock star details next. It's 8 39. You're not talking to yourself. Wow, you're telling your smart speaker to play WBZ NewsRadio on my heart radio. All of my concerns of disappearing Think little Caesars thin crust pizza is so loaded with cheese and pepperoni. You can't even see the crust. And if you ever want to see it again, listen very carefully. Bring 6.

Tom Busby Elise Preston 294 Points CBS MAY April Redfin 2025 Bloomberg 2022 Jeff This Week Greater Boston St Louis Federal Reserve Bank WBZ Wall Street 8 DOW 38 Newsradio
Fresh update on "federal reserve bank" discussed on Bob Sirott

Bob Sirott

00:27 min | 9 hrs ago

Fresh update on "federal reserve bank" discussed on Bob Sirott

"S. Stock futures are falling sharply this morning after the Federal Reserve Bank of ST Louis President James Bullard said inflation is stronger than anticipated, and that it would take the Fed several meetings to figure out how to pare back stimulus. He also has said that he expects the first rate hike to come in late 2022 Dow futures are off more than 300 points this morning as we head to the opening bell in about an hour, down, nearly a percent s and P futures are down nearly three quarters down 29 points. NASDAQ futures off more than a half a percent down about 83 points. Most global stocks are lower. Cruise operator Carnival says someone breached its computer systems in March and compromised Some individuals data. The company says it acted to stop further access and has hired a cyber security firm to investigate. Hackers apparently had access to the personal information of some guests, Employees and crew for Carnival cruise lines. I'm Steve presented on Chicago's very own 7 20 w G. N the time for defense organizations to harness the power of the.

Federal Reserve Bank Steve 29 Points March More Than A Half A Percent FED Late 2022 More Than 300 Points Chicago President Trump About 83 Points First Rate This Morning James Bullard Nearly A Percent About An Hour Louis Nearly Three Quarters Nasdaq DOW
How consumers are using their latest relief checks

All Things Considered

02:05 min | 2 months ago

How consumers are using their latest relief checks

"To have you with us. The Federal Reserve Bank of New York is out with a new study today, looking at how people are spending or not spending their pandemic relief checks. So far, most are using the money to pay off debt or saving it. Not exactly the economic stimulus. Many are hoping for marketplaces Nancy Marshall Ganz or has more on why people are holding back on spending. The New York Fed says the consumers it surveyed who've already received their third relief checks are hanging on to the money just like they did with the 1st and 2nd relief payments. The Fed report says. Consumers are only planning to spend a quarter of the most recent check, and most of that will go toward essentials. We were savers Jason Calas are is an eighth grade teacher. He, his wife and teenage son lived near Los Angeles. He says. In the before times they go out to eat once or twice a month. But they won't be using any their stimulus money for that. In fact, he doesn't think they'll set foot in a restaurant until next year. We spent the lad better part of 13 months used, avoiding indoors and people are strangers. And then it would just be a big hurdle to get over. Salazar says they might reconsider once they're all vaccinated. Kathy Bostjancic, an economist at Oxford Economics, says a lot of other consumers feel the same way. The confidence to go out and spend on services is is very directly related to the progress we're making on the vaccinations. Question Sick thinks will make enough progress for consumer spending to jump about 3.5% over the next few months. Other economists, like Joseph Minarik of the Conference board aren't quite so optimistic. The people who worked in hotels or in transportation We're getting up to full capacity is going to take some time. Those folks are going to continue toe hold back in terms of their spending, Min Eric says. Even some people who do have jobs are worried They'll get a pink slip and economic growth won't recover without them, since roughly 70% of the U. S economy

Federal Reserve Bank Of New Yo Nancy Marshall Ganz Jason Calas Kathy Bostjancic Oxford Economics FED Salazar Joseph Minarik Los Angeles Conference Board Min Eric U.
Federal Reserve Bank of Philadelphia president on effect of pandemic on employees

Bloomberg Best

00:57 sec | 2 months ago

Federal Reserve Bank of Philadelphia president on effect of pandemic on employees

"Indicates many workers are ready to give up their paycheck and say I'm out of here I quit. A Microsoft survey of global workers finds the majority feel they're struggling or just surviving and pandemic work conditions and a large percentage you're considering leaving their employer this year. Same survey shows. Most business leaders feel the employees of thriving Federal Reserve Bank of Philadelphia President Patrick Harker says the problem is obvious. Workers want a feel like they're valued and that they're rewarded for their work. 46% of respondents say they're planning to move to a new location this year, a reflection of the greater flexibility to work from home. 41% say they're mulling leaving their jobs. JP Morgan boss Jamie Diamond says a lot of the problem is remote work, so it's hard to think okay, culture and character and all those things When you have the zoom world, 18 to 25 year olds are faring the worst. Researchers theorize their feelings of isolation or higher because they're more likely to be early in their careers in single, Quite Jared

Patrick Harker Federal Reserve Bank Of Philad Jamie Diamond Microsoft Jp Morgan Jared
Some Black-Owned Businesses Are Turning To New Banks For Paycheck Protection Loans

All Things Considered

04:02 min | 4 months ago

Some Black-Owned Businesses Are Turning To New Banks For Paycheck Protection Loans

"To help keep workers on payrolls. Businesses owned by black and Latino people were often at the back of the line. Those firms often had to wait longer for money, even though many were desperate for financial help. With a new round of business loans in the pipeline. Authorities are now trying to address that disparity as NPR's Scott Horsley reports like a lot of business sellers. Jennifer Kelly's income took a hit last year when the pandemic struck. She's a clinical psychologist near Atlanta, and some of her clients didn't make the adjustment to online or telephone counseling. Kelly, who has two employees applied to her regular bank for a loan under the federal government's Paycheck protection program. But she says the process was frustrating. It's kind of like trying to get the vaccine. They put my name on the list. And there they finally said, Oh, we all have anymore, And we're sorry that first round of P P p loans was exhausted In less than two weeks. Lots of businesses complained that banks were prioritizing their biggest customers. Bones were especially hard to come by in neighborhoods with a lot of black and brown residents When I needed them. They were not available to man, including. I'm not the big business, but I'm a small business and committed like with the fabric of America. When Congress okayed a second round of P P p loans last year, Kelly applied again. This time through a bank 250 miles away in Savannah, Georgia that specializes in working with black own firms. They were very patient through that entire process, and I didn't get approved for the loan, and I do hope that, especially in the small black banks will survive because We need to have those institutions that second bank Kelly worked with. Carver State Bank was founded 94 years ago with the goal of building financial freedom for its African American customers. 80% of its loans go to black owned businesses. Robert James, who sits on the bank's board, says he received P P p applications from around the country most looking for less than $50,000. Most of our applications are very small businesses individually owned gas station in the neighborhood or restaurants are people deserve a lot of credit for the hard work that they're putting in just to make sure that we get help to the customers that need it. The most According to the Federal Reserve Bank of New York. Even before the pandemic, black owned businesses were more than twice as likely beyond shaky financial footing as white owned firms. CEO Janine Jake Oak of the Community Development Bankers Association, says that means the extra time it took for loans to reach those businesses could be costly. They had a lot less cushion to start with, which made them much more vulnerable when the economy went south. Authorities have tried to address the disparity in P P p lending in a number of ways. First they've made more money available. They also gave banks that specialize in minority and low income communities, a head start when the latest round of paycheck protection loans was launched last month. Finally, while the loans were designed to be forgiven, some black borrowers are suspicious, a legacy of the long history of discriminatory lending. So education is also important. Carver States, James says he tried to reassure African American borrowers they can use P p p loans to keep their businesses and communities afloat. I've heard a lot of stories of customers who were eligible for these funds, but didn't trust that there wouldn't be some sort of a catch. Craig Gordon runs a company that provides in home nursing care in Georgia about 30% of his business is on hold right now because many of his customers are wary of letting anyone even a skilled nurse into their home during the pandemic. With Carver States help Gordon's just been approved for a second p p. P loan. This will buy us probably three of four months, and I'm hoping that all of those vulnerable folks that we served by again will be well vaccinated. In the meantime, cordon says the forgivable loan will help him keep dozens of people on the payroll. Scott Horsley. NPR NEWS Washington

Scott Horsley Jennifer Kelly Kelly Carver State Bank NPR Ceo Janine Jake Oak Community Development Bankers Robert James Federal Government Atlanta Savannah Georgia Federal Reserve Bank Of New Yo Congress America Carver
"federal reserve bank" Discussed on WBSM 1420

WBSM 1420

03:49 min | 6 months ago

"federal reserve bank" Discussed on WBSM 1420

"Absolutely. And I do have to put out a little disclaimer here. I meant Susan Rice earlier. I misspoke when I said page But this new order is trying to bring back and hopefully will go a long way to bringing back from Barack Obama from different Donald Trump. How to make American architecture beautiful again if you get the opportunity to go down to the National Mall. We're even outside of the National Mall. If you're walking through Fanuel Hole, you look around you and you see the civic architecture over old times whether Brazil, British Governors house or the meeting place for the early Continental Congress is or a Massachusetts Congress's or the old Customs Customs House tower in Boston. You look around and you see beautiful architecture and you look at that. You say That's where government is. Now, if you look at the Federal Reserve Bank building in Boston, where do you go up to government Center? You see nothing but ugliness. These they don't look like courthouses. They don't look like state buildings. They don't look like Federal Reserve Bank buildings. And that's a whole product of post World War two when the architects looked out over Europe, and they said, We're going to rebuild this in a way that only we care about now only we are in control of it, not unlike overhead and global warming. That's another thing where the people are not consulted. Only the elites are in charge. They make arts for art for art's sake. And the results of that is that One of the things that draws us together as Americans and draws a rise upward and makes us a shared national identity inspires us. In the end, when what our forefathers have created. Our beautiful buildings and beautiful statues and beautiful constructions. That's why at Christmas time you like to come down to Boston common and walk through there like to walk down through Samuel Hall, but don't like to walk through government center. Oh, I disagree. I went out. I disagree, Chris. When I'm trying to get into the Christmas spirit, I love to see City Hall and just the concrete. Brutalist. I think that's what it was called that architecture was the brutalist movement, and you're absolutely right. You look at those buildings and you're like immediately depressed. It's the super depressing and that's intentional. A lot of the architectural styles that we deal with came out of Germany with a group of people who were were communists and were shaken very much by what happened in World War One World War two. They wanted to remove God and nationalism and history from religion from government, and they wanted people to feel more like worker ants. And that's why they built this. You see it all throughout the survey union. Unfortunately, seeing here in Washington, D. C. And I grew up with it in Boston. It's it's all over and hopefully this order will go a long way towards undoing that. Awesome. Thank you so much, Chris. We love having you on. Can you tell people where they can find you on Twitter and where they can read your stuff at the Federalist? Absolutely. They can read it at the Federalist Comma have another article coming out tomorrow and they can find me on Twitter and seabed for D. C. And it's great to be back on and Merry Christmas to everyone. Merry Christmas, Chris. He's a great tweeter guys. You should definitely follow him. When we get back. I am going to take your calls all the haters out there saying I haven't taken enough call. So you know what guys Opening up the phone lines, Whatever you want to talk about, If you won't talk about the omnibus bill, If you want to talk about your favorite architecture in Boston, that is fine as well. If you Wanna talk about Dr Fauci or Senator Rand. Paul or John Kerry were opening up for this last segment of the four o'clock and then when we get back for the five o'clock, we got more guests and more stuff to get to. So do not change that Dia. We will be back. I'm grace curly filling in for Howie Carr. This is the Howie Carr show. You might want to keep a close eye on your fried clams. Howie Carr turned rapper this dumb young people call us all the time and say Hey, Matthews, brothers..

Boston Chris Howie Carr Federal Reserve Bank government Center Twitter National Mall Susan Rice Barack Obama Customs Customs House tower Fanuel Hole Donald Trump Massachusetts Congress British Governors Europe City Hall Brazil Germany
New GDP Numbers Won't Be Enough To Repair All Economic Damage

NPR's Business Story of the Day

02:43 min | 8 months ago

New GDP Numbers Won't Be Enough To Repair All Economic Damage

"We the are expecting news this morning that the US economy grew at a record pace during the last three months not many people are popping champagne corks though this is because the economy also shrank at a record pace in the three months before that, even the strong rebound in July August September is not enough to repair the damage done by the pandemic earlier this spring, we have NPR's Scott horsely with morning Scott Good Morning David. So what is this morning's report going to tell us about how the economy's doing? It's a snapshot of an economy that has balanced partway back from the depths of the pandemic recession. We know that unemployment's dropped is now just below eight percent and while that's still more than twice as high as it was before the pandemic, it's a lot better than a lot of people for were expecting the we're gonNA see by this time of the year we don't yet know exactly what the Commerce Department will say about GDP, but we do expect it to show a record level of growth in the most recent quarter. And the president has already touting that at campaign rallies as evidence of what he calls a v-shaped recovery having a super V it's called nobody even thought we are doing numbers and where do you see that number? GDP I don't know what it is. The Fed said it may be a thirty five percent increase in GDP in fact, the forecast from Federal Reserve Bank of Atlanta is even better than that they're projecting annualized GDP growth of about thirty seven percent. But a caveat David that headline number is kind of exaggerated. Explain to me why we think that that's an exaggeration. Will the government routinely reports these quarterly shifts GDP as if they were sustained for a full year which makes both the downturn in the spring and the rebound in the summer look bigger than they were and they were. Plenty big to start with in the spring. For example, the Commerce Department said the economy shrank at an annualized rate of about thirty one percent. What that means is if the slide had gone on for a whole year, we would've wound up with an economy thirty, one percent smaller. But of course, it didn't go on for a full year the downturn was really Sharp, but it only lasted a couple of months and likewise the growth spurt we saw this summer is not likely to be maintained Narain vish WHO's chief economist at IHS market says a lot of the growth was actually front loaded in the early part of the year and the result and was the result of a lot of pent up demand when businesses reopened. If you pull back on a rubber band and like Oh, it's going to snap back but then it Kinda goes limp act. Certainly, the fourth quarter and maybe early next year will be pretty weak growth and that's especially true as the corona virus rears its head again and we've seen a sharp selloff in anticipation of that in the stock market. This week of the Dow dropped more than nine hundred points just yesterday.

Commerce Department David United States Scott Horsely NPR FED Scott Good Atlanta Federal Reserve Bank President Trump Ihs Market Narain Chief Economist
Federal Reserve Bank of Atlanta's Bostic cautions that US economic recovery is very uneven

Morning News with Manda Factor and Gregg Hersholt

00:19 sec | 8 months ago

Federal Reserve Bank of Atlanta's Bostic cautions that US economic recovery is very uneven

"Of the Federal Reserve Bank of Atlantis as he's worried about some parts of the nation's economic recovery on CBS's face, the nation, Raphael Bostic cited the ongoing struggles for hotels, for example, is also concerned about small businesses and low income and minority areas. But he acknowledged other sectors of the economy are seeing a rebound. Wall Street

Raphael Bostic Federal Reserve Bank Of Atlant CBS
Atlanta Fed CEO Bostic cautions that US economic recovery is very uneven

Understanding Your World

00:22 sec | 8 months ago

Atlanta Fed CEO Bostic cautions that US economic recovery is very uneven

"The president and CEO of the Federal Reserve Bank of Atlanta says he's worried about some parts of the nation's economic recovery. On CBS's face. The Nation, Raphael Bostic cited the ongoing struggles for hotels. Bostic is also concerned about small businesses in low income and minority areas. However, Bostic acknowledged other sectors of the economy or seeing a big

Raphael Bostic Federal Reserve Bank President And Ceo CBS Atlanta
Where is everyone driving?

The Indicator from Planet Money

02:13 min | 9 months ago

Where is everyone driving?

"I recently saw a graph showing astounding rebound and gasoline demand returning almost a pre Kobe levels after a forty percent drop in April I just want to stop in the middle of this because I love it. So much I recently saw graph is not sentence like that is not the way that most people start sentences but here the indicator. So many sentences with I recently. Graph and we awesome you're like we've got to take this question whatever comes next we're in that's the indicator tuna. ANYWAYS, here's the rest of Jeff's question about why demand for gasoline is recovered so much after that huge drop in April with so many office workers still working from home many schools still online and airline demand way down how can this be anecdotally the roads do seem more crowded where's earlier going thanks thanks Jeff. So the most recent data we have shows that total vehicle miles traveled on roads and. Streets. So that's cars and trucks in July that was about eleven percent lower than the vehicle miles traveled in July of last year. So driving is still way down but jeff is right. That's nowhere close to the forty percent down that it was an April people are driving more than they were in the months right after the pandemic. So okay I mean as jeff put it like here's everybody going. We can't know where everybody's going, but we do have this one big clue with simply that more people are commuting to work again in May still early in the pandemic forty, eight percent of workers were commuting to work at least one day a week. But as the economy many places reopened and millions of people who lost their jobs were rehired by August it was back up to sixty four percent of people were commuting. That's all according to a monthly survey by the Federal Reserve Bank of Dallas and also it is. Definitely true that there are more people working from home every day now than before Cova two and a half times more in fact but that same survey found that even now it's still only about twenty percent of workers. Now, that's a lot but it is still way fewer than the sheriff workers who commute to a workplace each week. So we can't say for sure where everybody's driving these days but we suspected a big part of the answer is to work people are driving to work. That's where everyone's going to work.

Jeff Kobe Federal Reserve Bank Cova Dallas
Governor Greg Abbott Blasts Dallas City Council For Defunding Police

Chris Krok

00:40 sec | 9 months ago

Governor Greg Abbott Blasts Dallas City Council For Defunding Police

"Abbott calls the Dallas City Council's decision to reallocate $7 million from police overtime pay. A perfect example of de funding. Police. The Federal Reserve Bank of Dallas predicts continued growth in the Texas economy as the state slowly recovers from the financial impacts of the Corona virus pandemic. Dallas Fed Vice president Pia or any OUS says the pandemic brings positive and negative risks and include a possible resurgence of the virus and prolonged low old prices and upside risk is the arrival of a safe and effective covered 19 vaccine, according to the Dallas Feds. Latest Texas ECONOMIC Report. Texas Economic growth has picked up with the decline of new covert 19 cases since July.

Dallas Texas Dallas City Council Dallas Feds Federal Reserve Bank Abbott Vice President
Did ETFs Pass the 2020 Market Collapse Stress Test

Money For the Rest of Us

06:09 min | 10 months ago

Did ETFs Pass the 2020 Market Collapse Stress Test

"There's a paper issued by the Federal Reserve Bank of Boston titled The shift from Active to passive investing potential risks to financial stability. They right to the extent that passive investing is pushing up the prices of index constituents. Two types of potential repercussions for financial stability might arise. I in theory, rising prices can lead to more index investing and the resulting index bubble eventually could burst. But they point out that this might not be the entire market but could be just elements in the market some stocks getting pushed up. While others might have their prices fall because they're not necessarily included in the index. Investors were selling active mutual funds and going in to index funds to the overall market valuation wasn't necessarily going higher. The point out that some stocks will because they are part of that basket that an ETF holds might be more liquid whereas other names are going to be less liquid. So you have different things going on that makes it challenging to figure out whether there is or was an indexing bubble Needed is a stress test. We needed people rushing to get out of ATS and other assets and to see how they hold up. One of the concerns regarding ETF, there would be a flash crash which has occurred in the past where the price of an ETF has fallen dramatically more so than the price of its underlying holdings. And this can occur when there are trading halts in either the ETF or the underlying holdings. These trading halt or circuit breakers that are implemented if the price of security ETF falls below some threshold. And they're there to suppress volatility. Do allow traders time to catch their breaths or trading systems time to recalibrate to timeout. The stress has is very, very important because ETF's are so much bigger than they were. Six trillion dollars in assets in the ETF sector that's up seven fold from two, thousand seven. So. What happened during late February and March as market sold off dramatically. Well I there was no flash crash trading volume, definitely spite. I shares shared some data for the week of February twenty. Fourth Two thousand twenty volatility spikes so the vix, the C. B. O. E. volatility index, it reached forty nine. The highest since February twenty eighteen. and. The S&P five hundred had its largest weekly decline since the two thousand eight global financial crisis. Exchange traded products that week comprise thirty, eight percent of market trading. Whereas back in twenty nineteen, they accounted on average for twenty seven percent. So there was much more trading in ats. Exchange. For the products which include ATS. Traded a record one point, four, trillion dollars volume from February twenty, four, th through February twenty, eighth, two, hundred and seventy percent greater than its average daily trading volume from the prior month. And then that trading was fairly efficient. So the bid ask spreads what investors were buying ETF for or selling e Utah. That price difference was generally line with historical averages in addition, most of the trading volume was trading in the secondary market. Investors trading the ATS with each other, rather than trading facilitated by authorized participants who interact directly with ETF sponsored in creating and redeeming shares. The volume of secondary market trading in exchange traded products was fourteen to one relative to primary activity of this trading with authorized participants. What that means is that ETF in some ways acted as shock absorber when investors were trying to get out even if the underlying securities might have been less liquid by selling ETF's taking much of that trading volume that put less pressure on perhaps some of those less liquid securities. It seemed to function. If we look at what happened during the this market twenty, twenty turmoil compared to the flash crash of two thousand, ten volatility was actually much higher during the march twenty, twenty turmoil. The minimum and maximum levels during a given day for the various indices was higher during March twenty twenty then back in the flash crash twenty ten. And yet the markets seem to function generally speaking at least for equity ETF's. Even. Michael. Berry in March twenty twenty seemed to admit this. He told Bloomberg I have a significant bearish market bat that is working out for now. A global pandemic is absolutely potential trigger for the unwinding of the passive investing bubble. But despite volatility Berry said, he hadn't noticed any signs of dysfunction in the markets that was making it harder for him, the trade or exploit investment opportunities. Equity ETF seems to have passed that stress test it worked even though the volume of trading was so much higher. The number of ATS was so much higher. There were some challenges on the bond side. The vanguard total bond market ETF. B, n De on March Twelfth, it's closing price was six point two percent less than its net asset value per share. The price was less than the supposed value of the underlying holdings on a per share basis. During the prior thirteen years that have had a point one, seven percent premium of the closing price to envy now at six point, two percent discount. Rich powers WHO'S HEAD OF ETF product management at Vanguard said this wasn't unusual. Market prices for Egypt's can move more rapidly than the net asset value that is part of the price discovery process. He's saying that's normal.

ETF Berry Boston Federal Reserve Bank Vanguard Utah Egypt Bloomberg Michael
Did ETFs Pass the 2020 Market Collapse Stress Test?

Money For the Rest of Us

04:28 min | 10 months ago

Did ETFs Pass the 2020 Market Collapse Stress Test?

"A paper issued by the Federal Reserve Bank of Boston titled The shift from Active to passive investing potential risks to financial stability. They right to the extent that passive investing is pushing up the prices of index constituents. Two types of potential repercussions for financial stability might arise. I in theory, rising prices can lead to more index investing and the resulting index bubble eventually could burst. But they point out that this might not be the entire market but could be just elements in the market some stocks getting pushed up. While others might have their prices fall because they're not necessarily included in the index. Investors were selling active mutual funds and going in to index funds to the overall market valuation wasn't necessarily going higher. The point out that some stocks will because they are part of that basket that an ETF holds might be more liquid whereas other names are going to be less liquid. So you have different things going on that makes it challenging to figure out whether there is or was an indexing bubble Needed is a stress test. We needed people rushing to get out of ATS and other assets and to see how they hold up. One of the concerns regarding ETF, there would be a flash crash which has occurred in the past where the price of an ETF has fallen dramatically more so than the price of its underlying holdings. And this can occur when there are trading halts in either the ETF or the underlying holdings. These trading halt or circuit breakers that are implemented if the price of security ETF falls below some threshold. And they're there to suppress volatility. Do allow traders time to catch their breaths or trading systems time to recalibrate to timeout. The stress has is very, very important because ETF's are so much bigger than they were. Six trillion dollars in assets in the ETF sector that's up seven fold from two, thousand seven. So. What happened during late February and March as market sold off dramatically. Well I there was no flash crash trading volume, definitely spite. I shares shared some data for the week of February twenty. Fourth Two thousand twenty volatility spikes so the vix, the C. B. O. E. volatility index, it reached forty nine. The highest since February twenty eighteen. and. The S&P five hundred had its largest weekly decline since the two thousand eight global financial crisis. Exchange traded products that week comprise thirty, eight percent of market trading. Whereas back in twenty nineteen, they accounted on average for twenty seven percent. So there was much more trading in ats. Exchange. For the products which include ATS. Traded a record one point, four, trillion dollars volume from February twenty, four, th through February twenty, eighth, two, hundred and seventy percent greater than its average daily trading volume from the prior month. And then that trading was fairly efficient. So the bid ask spreads what investors were buying ETF for or selling e Utah. That price difference was generally line with historical averages in addition, most of the trading volume was trading in the secondary market. Investors trading the ATS with each other, rather than trading facilitated by authorized participants who interact directly with ETF sponsored in creating and redeeming shares. The volume of secondary market trading in exchange traded products was fourteen to one relative to primary activity of this trading with authorized participants. What that means is that ETF in some ways acted as shock absorber when investors were trying to get out even if the underlying securities might have been less liquid by selling ETF's taking much of that trading volume that put less pressure on perhaps some of those less liquid securities. It seemed to function. If we look at what happened during the this market twenty, twenty turmoil compared to the flash crash of two thousand, ten volatility was actually much higher during the march twenty, twenty turmoil.

ETF Federal Reserve Bank Boston Utah
Boston Fed chief: States' rush to reopen slowed US recovery

AP News Radio

00:50 sec | 11 months ago

Boston Fed chief: States' rush to reopen slowed US recovery

"A Federal Reserve Bank president is criticizing decisions many states meet this spring to re open businesses before getting the corona virus fully under control Eric Rosengren says states in the south and west that allow businesses to re open after just brief shutdowns did register an initial burst of economic activity but spikes in infection rates soon followed in the Federal Reserve Bank of Boston president says those states economies are now lagging behind the northeast with consumers more cautious in bars and restaurants needing to shut down again Rosengren says limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death but are also likely to prolong the economic downturn Ben Thomas Washington

President Trump Eric Rosengren Federal Reserve Bank Boston Ben Thomas Washington
Boston Fed chief: States' rush to reopen slowed US recovery

AP News Radio

00:50 sec | 11 months ago

Boston Fed chief: States' rush to reopen slowed US recovery

"A Federal Reserve Bank president is criticizing decisions many states meet this spring to re open businesses before getting the corona virus fully under control Eric Rosengren says states in the south and west that allow businesses to re open after just brief shutdowns did register an initial burst of economic activity but spikes in infection rates soon followed in the Federal Reserve Bank of Boston president says those states economies are now lagging behind the northeast with consumers more cautious in bars and restaurants needing to shut down again Rosengren says limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death but are also likely to prolong the economic downturn Ben Thomas Washington

President Trump Eric Rosengren Federal Reserve Bank Boston Ben Thomas Washington
Fed's Kashkari calls for 6-week economic shutdown to control coronavirus spread

Business Beware

00:35 sec | 11 months ago

Fed's Kashkari calls for 6-week economic shutdown to control coronavirus spread

"President of the Federal Reserve Bank of Minneapolis, called for a nationwide economic shutdown of up to six weeks to get the Corona virus pandemic completely under control, warning that the rest of 2020 could be much worse than America has experienced thus far in the New York Times op Ed, he wrote, the next six months could make what we have experienced so far seem just like a warm up to a greater catastrophe. With many schools and colleges, starting stores and businesses reopening and the beginning of the indoor heating season, new case numbers will grow. Quickly using information from the Center for Infectious Disease Research. President

President Trump Federal Reserve Bank Center For Infectious Disease New York Times Minneapolis ED America
Black Owned Small Businesses Disproportionately Hit by COVID-19

WBZ Afternoon News

00:28 sec | 11 months ago

Black Owned Small Businesses Disproportionately Hit by COVID-19

"Report finds that Cove in 19 has hit black own small businesses disproportionately a new study from New York Federal Reserve banks as black owned businesses are twice as likely to fail as the virus crisis continues. The biggest reason. Many black owned businesses are heavily concentrated in cities that have been hardest hit by the pandemic. As a result, scores of black barbershops in salons, restaurants and specialty boutiques have been forced to close for good.

New York Federal Reserve Cove
New York Fed: Black-owned business hard hit by pandemic

The Conservative Circus

00:46 sec | 11 months ago

New York Fed: Black-owned business hard hit by pandemic

"Owned businesses are the least and black owned businesses, the most affected by the Corona virus pandemic. So, says a new report from the Federal Reserve Bank of New York. The overall number of active business owners fell by 22% from February to April, the largest decline ever. But for black owned businesses. It was almost twice as bad. 41% folded for Latino ex owned. It was 32% Asian 26% but only 17% of white business owners went belly up. The main reason cited in the study. Black owned firms are more likely to be located in Koven, 19 hot spots, the Paycheck protection program reached 20% or less of eligible firms in states and counties with the highest densities of black owned firms. And black owned businesses had smaller financial cushions and weaker banking relationships before the pandemic even hit

Federal Reserve Bank Of New Yo Koven
President of Minneapolis Federal Reserve Bank: We Need a Full Lockdown for One Month

The News & Why It Matters

01:03 min | 11 months ago

President of Minneapolis Federal Reserve Bank: We Need a Full Lockdown for One Month

"Of the Minneapolis Federal Reserve. Bank is calling for America to go into a quote hard shutdown for at least a month because it's necessary to stop the spread of coronavirus and don't worry the government can't afford it. According to this guy who is the president of the Minneapolis Federal Reserve Bank here's what he had to say if we were to lockdown really hard I know I hate to even suggested. People will be frustrated by it. But if we were to lockdown hard for a month or six weeks, we could get the case camp down. So that are testing in our contact tracing was actually enough to control it the way that it's happening in the northeast right now they had a rocky start, but they're doing a pretty good job right now. Now, if we don't do that and we just have this. Raging virus spreading throughout the country with flair ups and local lockdown for the next year or two, which is entirely possible. We're GONNA see many many more business bankruptcies, small businesses, big businesses, and that's GonNa take a lot of time to recover from to rebuild those businesses and then to bring workers back in and re engaged them in the work force that's going to be a much slower recovery for all of

Minneapolis Federal Reserve Ba Minneapolis Federal Reserve America President Trump
Obituary: Herman Cain

TIME's Top Stories

05:52 min | 11 months ago

Obituary: Herman Cain

"Herman Cain helped define the American black conservative movement. He also set the stage for trump by Philip Elliott. Herman. CAIN remembered the nineteen ninety-six moment that changed his political trajectory as clearly as any in his life. The businessman was advising Jack Kemp's vice presidential campaign and accompanied the boss to the iconic Sylvia's soul food restaurant in Harlem for an event a man in the crowd shouted out to Kane and colleagues Black Republicans, there's no such thing. The. Same Man in canes telling called them Uncle Toms. The episode. So angered Kane that when he got home from that campaign swing, he switched from a registered independent to a card carrying member of the Republican. Party and over the next quarter century, the child of the segregated south became one of the best known black Republicans in the country briefly rising to be his party's presidential front runner for the two thousand twelve nomination and remaining one of the most quotable stars in conservative media. So committed to his party's stick it in the I e host was Cain that he flew to Tulsa. Oklahoma for President Donald, trump's first return to the campaign trail after one hundred thousand US corona virus deaths despite dire warnings from public health experts at that endure rally on June twentieth the stage four colon cancer survivor posed for pictures without wearing a mask and sat in the packed stands with fellow fans of the president on June twenty-ninth Cain tested positive for the corona virus. On July second, his aides announced he had been hospitalized while fighting the disease his twitter account continued to criticize mask wearing and to promote unproven endorsements of hydroxy. On. July. Thirtieth CAIN aides announced he had died from the White House trump attributed the death to the thing called the virus cain among the most prominent Americans to die during this pandemic who was seventy four In many ways, Kane and trump were cut from the same cloth neither had been elected to any political post before running for the White House, both delighted in needling the Republican Party's establishment and the mainstream press they shot from the hip campaigned in slogans and didn't much care to learn the details. Both men were dogged by allegations of sexual affairs and inappropriate behavior, and both denied the allegations they proved disqualifying for Kane who ended his bid in December twenty eleven under intense scrutiny. But they did not derail trump just one election cycle. Later, they were also both savvy exploiters of the media. In saying things they knew would provoke outrage and thus amplify the celebrity at the core of their bids indifference toward if not hostility against what had come before was a cornerstone of their strategy, not a flaw. CAIN was born in Memphis in nineteen forty-five to a domestic worker mother and a janitor father when his dad was hired to be the chauffeur for the head of coca-cola, the family moved to Atlanta where cain would graduate from Morehouse College. He then completed his graduate studies at Purdue University after civilian service in the navy from there Kane moved from engineer to executive with Pillsbury and its subsidiaries of Burger King and Godfather's pizza where he would be its CEO. In nineteen, Eighty Eight, he oversaw Godfather's. From, Pillsbury throughout the same time yelled positions with the Federal Reserve Bank of Kansas City. That part of his resume lead trump to consider cane for a position in his administration a move that drew dissent from fellow Republicans who were not eager to revisit the allegations against Kane for three years. Kane led the national. Restaurant Association a lobbying arm for the industry that paid settlements to at least two women who detailed canes unwanted advances. His was not a typical career in his post. CEO Years Cain became a sought after motivational speaker and unsuccessful presidential candidate in two thousand and a Senate one in two thousand four. As, the tea party movement started to organize after Barack Obama's election to the White House. Kane emerged as one of its strongest spokespeople when the twenty twelve election cycle began kane decided to run the scrappy est of campaigns focused on untrue additional travel schedule that often seemed more like a book tour than an organizing effort. His novel nine, nine nine tax plan proposing a nine percent corporate business flat tax, a nine percent personal income flat tax and a nine percent national sales tax drew I rolls from economists but curiosity from voters. Antipathy toward front runner Mitt Romney proved sufficient to give cain a chance to rise in the late summer and fall of twenty eleven until his personal life just proved too much. But he didn't shrink from podcast life. Instead he became a ubiquitous voice and reliable critic of Democrats

Ceo Years Cain Kane Donald Trump Cain White House Mitt Romney Jack Kemp Pillsbury Philip Elliott Republican Party Godfather Oklahoma Twitter Harlem Barack Obama United States Tulsa
BREAKING: Herman Cain Dies Of Coronavirus At Age 74 in Atlanta

The Erick Erickson Show

03:35 min | 11 months ago

BREAKING: Herman Cain Dies Of Coronavirus At Age 74 in Atlanta

"A political consultant who worked for Herman? Cain on his twenty twelve presidential campaign is announcing that he has passed away. from. covid nineteen. That's breaking news here in Y'all I'm not confide. This is not. Confirmed other than through Ellen. And I'm Yup. nope. It's IT's confirmed folks. Herman Cain has died of the corona virus. age seventy four. In Republican presidential candidate in two thousand twelve. Herman Cain ran his platform very famously was the nine nine, nine tax reform plan. He had been Fox. News contributor and a newsmax contributor newsmax is confirming his death He was admitted to the hospital on July first two days after being. DIAGNOSED WITH COVA night teen. Ten Days Prior, he had been at the Rally for the President they they don't know where he got the virus. And Herman Cain has now. Passed away He was the President of Godfather's pizza. He. Rose through the ranks He joined coca. Cola. He worked for Pillsbury. He was regional vice president for Burger, King, which at the time Pillsbury owned and then he took over. Godfather's pizza turned around made it a profitable company. And his big issue is marketing. He became the chairman of the Federal Reserve Bank of Kansas City in Nineteen ninety-five He was in the position for twenty months in nineteen in two, thousand nine you'll recall the president renominated him for the Federal Reserve. Board? He ultimately withdrew his nomination. He dabbled in politics in one, thousand, nine, hundred sixty was an adviser to the Bob Dole Jack Kemp Campaign for President He ran for the Senate in two thousand four. He was defeated in the primary by Johnny Isaacson actually campaigned for him in two thousand four. Now he beat colon cancer it was stage four and two, thousand six he was diagnosed with it the and then from two, thousand, eight, two, thousand, seven, of course, he had the Herman Cain Show in Atlanta? On WSB, I was actually hired in two thousand eleven to replace Herman on WSB Because Herman had decided, he was going to run for president and he had been in the line to replace Neil Bortz they needed somebody to replace Herman as a result. So they hired me Herman off and ran for president. He at one point was the front runner for the Republican presidential nomination, and then he the ultimately lost the nomination and came back to radio has has wound down his career over time and. Herman Cain now dead he was a good man. Seventy four years old affected by coronavirus virus. Prayers for his family. And for for those who knew and loved and worked with Herman Cain God. Bless him.

Herman Cain Regional Vice President Herman President Trump Pillsbury Consultant Newsmax Federal Reserve WSB Ellen Bob Dole Jack Kemp Federal Reserve Bank Johnny Isaacson Neil Bortz Senate Kansas City Burger Atlanta
"federal reserve bank" Discussed on America Adapts the Climate Change Podcast

America Adapts the Climate Change Podcast

01:55 min | 1 year ago

"federal reserve bank" Discussed on America Adapts the Climate Change Podcast

"Of the market market okay adapters. That is rap. Thanks to eat Galloway and Tom Flanagan from the Reserve Bank of San Francisco for giving us some background on the Community Kennedy Development Investment Review Folks. It's quite an issue with tons of articles from some of the leading thinkers on adaptation and community development. I'm very encouraged that. The Federal Reserve took a leadership ship role in bringing all these voices together links to the review are in my show notes. Please take a look. There's much to learn and thanks to Jesse for editing that issue and for coming on to talk about the climate intelligence elgin arms race many services and technologies will be coming online in the years ahead many integrating climate data. How can practitioners have confidence? This information will be useful. Inaccurate was Jesse shared. It's still an emerging area and those who are not only innovative in this space but reliable managers of information are likely to do well. It's still a bit of the wild wild in West in this area. It's exciting but something also to be cautious about okay. Also relevant to the Community Development Investment Review. I wanted to share a quote from Jesse recently gently Senator Elizabeth Warren said letter to the heads of all the major banks encouraging them to plan for climate change in her official letter to the banks. She actually included a quote from Jesse and his work in the Community Development Investment Review. Here it is. According to Jesse Keenan the editor of the San Francisco feds publication quote the private sector has always always adapted one either adapts to new markets products or services. Or they go out of business but the current calculus is more than a function of market. Share it is a function of where there it will be a market at all Senator Elizabeth Warren very cool. This came out just after we recorded our episodes of very timely and also demonstrating the influence silence of the review all right some final housekeeping. I'm excited to share this new work that I'm doing. I want to mention that. I'm working with symphonic studios. I mentioned this in my last episode in going forward. You're you're going to hear a lot more about Simpatico I'm going to be hosting live talk shows unsympathetic..

Jesse Keenan Senator Elizabeth Warren San Francisco Federal Reserve Reserve Bank Tom Flanagan Galloway editor official
"federal reserve bank" Discussed on 106.1 FM WTKK

106.1 FM WTKK

02:24 min | 1 year ago

"federal reserve bank" Discussed on 106.1 FM WTKK

"But many Americans this year will have to weigh the thanksgiving travel risks that come along with two major storms wreaking havoc over the wider parts of the country the weather forecast for much of the United States from the sunny beaches of southern California to the wind whipped streets a Chicago calls for heavy snow rain and powerful wind gusts some of the worst weather is expected to peak travel times and some of the largest cities some fifty five million people expected to travel over the next few days please be careful a woman who allegedly shot at a K. F. C. drive through for not getting a fork and napkin with their order has been arrested the thirty three year old woman from sandy springs Georgia was taken into custody almost a month after the incident occurred in Shelbyville Kentucky she is currently awaiting extradition from Georgia to Kentucky all the Federal Reserve Bank in New York is added another ninety two point seven billion dollars in temporary liquidity to the financial systems what the heck is going on they keep feeding the banks all this money let's check in with the author of the global brain Howard bloom Howard happy thanksgiving to you my friend and what's going on with these banks so here's what's happening since September seventeenth the New York Senate actually pumped almost a hundred and nine billion dollars into the banking system a hundred and nine billion dollars that's enough money to buy single family homes all of the families of Philadelphia the fed can afford that kind of thing and now has holdings of a whopping four four trillion dollars but why this confusion careful with the emergency of September sixteenth according to Reuters a spike in the overnight lending rate shop the financial system the short term lending rate rocketed from a mere two percent two whopping ten percent in less than twenty four hours that's like a payment on your car going from two hundred dollars a month to eight thousand dollars a month over night so the Federal Reserve Bank of New York Sir pumping money into the system to bring the landing right down again and to hold it down among other things affect what seventy three billion dollars in mortgage bonds and other securities and seven billion dollars in treasury bills from the biggest banks in the country the spelling of also those banks with a ready supply of cash what's more the fed will probably keep pumping money into the big banks right on up until.

Howard Federal Reserve Bank of New Yo sandy springs Georgia Reuters fed Philadelphia New York Senate United States New York Federal Reserve Bank Georgia Kentucky Chicago California seven billion dollars nine billion dollars seventy three billion dollars
"federal reserve bank" Discussed on KCRW

KCRW

03:33 min | 2 years ago

"federal reserve bank" Discussed on KCRW

"The president of the Federal Reserve Bank of Dallas. And he said on Bloomberg that. You know, maybe the central Bank got a hold off raising interest rates for a bit. And also that maybe the fed oughta think about slowing down how quickly it's ringing its balance sheet, which is a it's a ledger if you will of its assets and liabilities a ledger that we ought to say in the middle of the financial crisis. The fed really expanded as it bought bonds and mortgage backed securities to give the economy a boost because we usually talk about the fed and interest rates, we figured it would be a good idea to look at this other tool, the fed has and how it uses it to control the economy, Victoria, Guido covers the fed for politico. It's good to have you on. Thanks. So what is it about? What Robert Kaplan? The president of the Dallas fed said today that has people looking at it and going so the set has been shrinking its balance sheet, they call it kind of on autopilot. And what that means is up to fifty billion dollars a month worth of bonds are rolling off the balance sheet maturing without being replaced, and the fed did that sort of deliberately because you know, back in two thousand thirteen markets kind of freaked out. The first time the fed said that they were gonna stop buying bonds. And so the fed is very aware of the fact that markets are very sensitive to changes in the balance sheet. So as long as the fed is sort of doing this on a steady schedule, they feel like markets know, what's coming in that it's not going to be a scary. But that is affecting the whole system because basically means that the said is no longer as big of a player in the market, and it's making markets. Let me get you to explain the the actual mechanics here when the fed goes out and buys bonds. It is putting liquidity into the market that is it's putting cash into the market, right? And what does that do it pays for that bond with cash rent? It pays for that bond with cash that wasn't already in the economy. Abc cash into the economy. And now when it says as it has for the past five years, we're going to stop doing that. In fact, we're going to let some of those bonds expire that is doing what it's taking cash back out of the economy. And so you know that affects you know, maybe how easy it is to get alone. Because you think about it. There's there's more cash out there in the economy banks are more likely to lend it out if there's less cash, they're less likely to do that we just sort of the point right? But the Fed's monetary policy is entirely based around, you know, loosening or tightening credit conditions, depending on what's happening in the economy. Right helped me last thing. And then I'll let you go. Help me understand the relationship between the Fed's balance sheet, and what it's doing with that and the federal funds rate, which is the interest rate that the fed controls directly, and which gets so much attention every time Jay Palestinians up in front of a microphone after the fed me. Right. That's actually really interesting part of this is the fact that interest rates completely differently now than it did before the financial crisis. So basically because the fed bought trillions of dollars worth of lawn. There was way more cash them. And so, you know, the federal funds rate used to be banks lending to each other. But because there's so much cash in the economy banks don't really need to do that anymore because they all have enough of it. And so now the way that the sets interest rates is by paying bank's interest in raising the amount of interested at pays those banks on cash deposits at the fed. And so, you know, one of the main reasons why the fed did that was to affect long term interest rates, and then at federal funds rate is sort of how it sets short-term interest rates, basically as the balance sheet shrinks that affects interest rates over the long term. In addition to interest rates over the short-term, Victoria Guido. She does financial.

fed Dallas Victoria Guido president Federal Reserve Bank Bloomberg Robert Kaplan Victoria fifty billion dollars five years
"federal reserve bank" Discussed on Masters in Business

Masters in Business

04:34 min | 2 years ago

"federal reserve bank" Discussed on Masters in Business

"It's never badged being quoted. It's always somebody else quoting Paul, Tucker Wright, creating budgets dictum. But again, he did it paldon create this, right? He's referring to something that came before Ben Bernanke is the other one is really popularized this, but only two thirds of Badghis dictum Renfrew lend freely maybe one and a half of Len freely against so so so so collateral, but don't do penalty rate, right? And. But you know Brank his book his memoir the crisis, Huq's the courage to act act yet, right? Yeah. And he notes when he forgave fed chair in two thousand six and the chair has a personal library and in his office. And he said, I brought Badgett's Lombard street and put it there now. Now Ben banenky is a very sophisticated financial historian. I, I assume he's read Lombard street, but I've is book would not give you evidence that did you overlap with Burnett key when you're Princeton, he was the head of the economics department? No, no. I have met him a couple of times before, and you know, we've exchanged views on a variety of topics. I think that he's a remarkable public servant terrific scholar, and I always leave reading any paper or even blog posts these written feeling smarter. But we've also had our differences. We do an argument about an assertion that he makes that I think is false, which is that the reason the fed didn't. Bail out. Leman brothers is that a lack of illegal to do. So that's been the claim. I have a pet theory on that. I'm curious as to what yours is was illegally is false. That's not correct. They did have legal to do it to bail out a dealer. Oh, absolutely. I mean, the statute is in unusual and exigent circumstances a term, which is sounds very heavy, but it's not defy unusual. Negligent is Tuesday could it could be so long as five members of the board of governors vote in favour which he had and the Federal Reserve Bank who's in his district, the institution exists New York, New York is the loan is secured to the satisfaction of the Federal Reserve Bank security. The satisfaction was that mean, well, let's not find right. Although quite bluntly, we know those a ton of fraudulent shenanigans going on Lehman Brothers with the famous repo, one of five and all of that. So you might say, well, then we're not satisfied by that, but that's a discretionary determination. So we lacked legal authority. To do so false. It says we were not satisfied by the cloud will present his different different thing, which of course raises the question then why did they really let it hit the pavement will then why is a edgy different? Their answer is because they had a good insurance business going out all kinds of profitable businesses within their twenty thousand corporations under their their parent company. So again, was the right decision or the wrong decisions, a separate set of questions was politically motivated or not. Should it have been subset of questions? Did Attlee authority to do, so we'll yes, of course they did. And this isn't just me being an obnoxious lawyer saying, well, look at this. The idea that they lacked the legal authority to do so was the single defining idea that motivated the passage of dodd-frank. That's fascinating. And so I think that ends up mattering a huge amount. It just isn't isn't correct. So I wish I was a fly on the wall when they were having this internal debate. But my pet thesis is simply at one point early in the spiral of Lehman Brothers, Warren Buffett of Berkshire Hathaway had the conversation with dick fold made a low ball offer because he's an value investor and to everybody who was an employee Lehman Brothers lasting regret dick fold said disguise trying to steal the company for three billion dollars was only a small percentage ownership, and he rejected buffet and I can't help. But think from a moral hazard perspective, the debate going on with Burnett Anki and Geithner, and, hey, how could we bail out this guy. When he turns down Warren Buffett, who, by the way later made a much more advantageous loan to a much better Bank Goldman sign. So full folly turned out to benefit Goldman and end buff here's my friendly amendment here your theory, I would call it folds follies because buffet was one in a series of suitors who came knocking and dick fold was trying to value the companies, though we're two thousand five thousand seven or eight..

Ben banenky Lehman Brothers Warren Buffett Burnett Anki Badghis dictum Renfrew Tucker Wright Ben Bernanke Goldman Huq fed Federal Reserve Bank Badgett dick Paul Len buffet Leman Brank Berkshire Hathaway
"federal reserve bank" Discussed on WMAL 630AM

WMAL 630AM

10:13 min | 3 years ago

"federal reserve bank" Discussed on WMAL 630AM

"Looking into Marxist investigation someone else's does what we do any evidence that they. Actually are censoring search results looking into it now Google is denying it you should know this Google is. Flat after Trump said what he said that ninety two percent of the search results. When you put Trump in the search field ninety two percents negative. In, hate-filled Google is denying. That they do anything They're flat out denying it They are denying that they tilt. Their search results, at all Now we know that that's not true But that's the starting point they deny? What do you expect them to say, they're, not, gonna come out and say yeah yeah we're working with Obama and Hillary did destroy all you'll people and we can't wait till you're gone and our plans call for you to be a non factor. Inside a ten years deal with it they're not going to say that They're just gonna do it Or try to consumer. Confidence numbers are out, folks these, these economic, numbers the, unemployment be it economic. Growth the by the way I think the Federal Reserve Bank is now predicting four point six GDP growth for the upcoming the current quarter which will end in September right after the new iphones come out and four point six on. Top of four point one now. We've got consumer confidence numbers they have in August the highest level. Since October of two thousand Now on Tober two thousand is before nine eleven happened Consumer confidence rose in August to its. Highest levels October two thousand building on July solid result this is the statistic that. Is monitored, and kept by something called the Conference Board these. These these people been around. For decades The Conference Board. Index rose to one hundred and thirty three point four in August despite expectations from. A survey, of Reuters economists that would fall Why would anybody, think a survey of Reuters economists would, be anywhere near right Reuters every month admits, they are shocked, and surprised they're experts are shocked and surprised? By every month economic numbers a why would anybody still rely on Reuters economists The Conference Board's index rose despite expectations from a survey of Reuters economists. Would fall confidence number rose last month at one, twenty seven point, four it's one thirty three point four today Consumers reported better feelings toward the. Economy in the near term, but less optimism about long term growth, now what this consumer. Confidence survey measures is Americans seven on current economic conditions. And prospects for. The next six months The difference is people have jobs people have more money Have more disposable income, and they feel confident that this is. Going, to continue which. Makes them confident to spend. It now here's the challenge this is a challenge coming how do we convince? People that the Democrats are gonna, reverse all of this This is one of the rare, times it's not the only it's not. The, first but this. Is one of those rare. Times where the president and his administration are not directly benefiting or being credited For robust economic recovery or activity although I think in Trump's approval, numbers we see. Some evidence that the American people are. Willing to credit Trump but what really needs, to happen the American people need to know that if the Democrats get back in charge of things this is over And they are. The Democrats are out there saying so, they can't wait to get rid of the tax cuts re raise people's, taxes they can't wait to get. Rid of some of the regulates to add back some of the regulations which have opened, up the economy The real challenge for, Republicans and everybody interested in this is to convince the American people that everything happening. Today in the economy is going to end and reverse itself if the Democrats get back in power including winning the house in November We we are in the midst. Of an economic boom I'm telling you remember that no one in Washington In the world actually thought was possible Except trump Even in the campaign when Trump suggested that he could return the economy to three. Percent growth you remember what they said about him They. Said that that's. Near criminal Donald Trump cannot make a statement like that that is misleading the American people that. Setting up false expectations it's very cruel they said of Donald Trump that three percent economic growth. Is simply not in the cards anymore And. One of the reasons why is. Because the great and valiant Barack Hussein oh. Had never been. Able to get hired in one point five. Percent and since. Obama was the absolute wizard of everything if all bomber couldn't do it it couldn't be done And I'm only slightly exaggerating the point is the people that ran the political, media, complex in Washington did not think any of this the, tablet now. In our economy was possible and so there was, not a single person among them, willing to even try You wanna talk about giving up on something you wanna. Talk giving up on a dream giving up. On an ideal giving up on the whole concept of American greatness and exceptionalism Everybody in the Washington establishment had given up Didn't think it was possible I would go so far as to say that many of them, did not want an economy growing like this and they certainly the Democrats don't want something like this happening when they're not. In power and can't claim credit for it This economy expanding and growing consumer confidence is one of the greatest harbors the Democrats can experience This is the kind of thing that sends them into abject panic in. The need to start rewriting history in terms of their media stories about. Why this is happening It's why they're now embarking I kid you not on various efforts to credit Barack Obama for this Which has no chance of succeeding An economic recovery an economic boom that no. One in Washington thought was possible and despite having all those people arrayed against him in Washington, Trump has somehow made this happen And in another sane universe this would be the only story of the year But now there is this hoax This setup this frame job By the upper levels of the intelligence community and the Washington establishment to destroy Trump because of that never ending story and the ongoing. Lies and distortions in it what would be, the biggest, story every day the economy the stock market yesterday twenty six. Thousand, for the first time NASDAQ eight thousand for the first time on the strength of what a new trade deal with Mexico. That nobody, thought was possible And nobody believed that Donald Trump could pull it off not after what he had said about the Mexicans in the campaign The media is left, the media is reduced in reporting on, the Mexican trade deal the snarky comments about well there's nothing in it, that says Mexico is gonna pay for the wall so Trump failed A bunch of, petty small minded Little naps Wow wise yapping at the angles in the knees of Donald J Trumpster Really folks what is happening here, in the US economy. Would, be the big story and not just here but around the world I was alive in the nineteen eighties when the Reagan version of this happened and I'm here to tell you it, was the captivating story It was so big and so constantly reported a Democrats and the media were in panic even then trying to rewrite it If the next quarter if the next quarter's. Economic growth is four point one percent or four point six is, the Atlanta Federal Reserve Bank says That we, will have evidence that this is a sustainable Economy on fire but meanwhile what, are we, get we, get Russia and Russia and Russia and Lanny and CNN and stormy And McCain and Omarosa oh my what happened to Omarosa. Where's Omarosa, that gigantic tell all? They should have gotten a month whereas, Omarosa what, happened to, that story It must have bombed out for some. Reason why did the Omarosa book bomb Because nothing in it.

Donald Trump Democrats Trump Barack Hussein Reuters Washington Conference Board Google Omarosa Federal Reserve Bank Mexico president Atlanta Federal Reserve Bank Russia Donald J Trumpster Reagan
"federal reserve bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:38 min | 3 years ago

"federal reserve bank" Discussed on Bloomberg Radio New York

"Services committee this after an upbeat assessments on the economy before the Senate banking committee that helped lift the dollar we're joined now by Mark Vitner senior economist at. Wells Fargo on the line in North Carolina, this morning Mark good, morning welcome Mr Paul seemingly cemented the rate hike path but he preserved his options what was, your. Takeaway from. This Well he did preserve his options I think the the next move is is likely. September and they made that clear that they're going to continue to to gradually raise interest rates for now and I think that that the, insertion of for now was. To to really to is that Things? Can, change and that he talked. A little bit about what trade policy of how they, they don't see anything in the hard data but a lot of businesses are are beginning to tobacco. Away from capital spending plans and again your take on how many more rate increases this year Well our forecast has to more in it and we assume they're going to. Do one is number one December but I do think that there's going to be. Much more discussion about that second night if you look at some of the research by the various Federal Reserve banks a number of Federal Reserve Bank presidents believe they were getting close to a neutral rate, and so I don't think that a second rate hike this year will be decision. So steady, as she goes just sort of a gradualist policy here She goes. But I think that that that certainly even though they concerns about the shape of. The yield curve we don't want to intentionally invert the yield curve There's a lot more moving parts today the trade war, and and even the the the l. sneaky summit Really muddled muddies the, waters a little bit And I think that. In the, next move is is very, certain after that it's a little? Less certain where would you see treasuries going then Well we have we have the tenure ending the year somewhere around three ten maybe maybe his highest three twenty but it's had a. Real hard time remaining above three percent in some of that has. To do, with the slower pace of. Growth overseas and the greater uncertainty? Overseas You know a flight to safety the treasury's and but but certainly within. Inflation creeping up the federal seem, to have, any concerns any concerns about inflation being around two percent in fact you said that it was gratifying to percents because we've been below. That for so long that kind of? Talk, to us. A little bit higher rates than we have we reported, earlier, that.

Mr Paul Federal Reserve Senate banking committee Federal Reserve Bank Wells Fargo senior economist Mark Vitner North Carolina treasury three percent two percent
"federal reserve bank" Discussed on WTMA

WTMA

02:46 min | 3 years ago

"federal reserve bank" Discussed on WTMA

"Borrow reserve monies from other banks that might be flushing their reserve account it's a daily rate now there are other tools as we have learned in the federal reserve toolkit and we've certainly seen the creation of a relatively new tool over the last decade and that would be quantitative easing and quantitative easing is simply the purchase of treasury securities and agency securities such as mortgage backed securities where the federal reserve will go in purchase the securities take them and place them on the federal reserve bank bank statement on their balance sheet which means those securities are taken out of circulation they are sitting on the federal reserve balance sheet and the interest is being collected by the federal reserve and their net interest every year is paid back to the treasury of course that's quantitative easing and that has a tendency because of the demand created in the purchase of those securities at has a tendency to lower interest rates and it also again takes those securities out of the marketplace now of course another tool as we have learned is quantitative tightening quantitative tightening is the direct opposite of quantitative easing and when you have quantitative tightening you have the federal reserve distributing securities from their balance sheet back into the marketplace now there are various ways they can do this they can do this by allowing maturing treasuries and agencies to be redeemed at which point that money goes off their balance sheet because they simply write a check off one of the commercial accounts that they have at the various member banks and that money is at that point representing a reduction in the federal reserve balance sheet and that is tightening measure so quantitative tightening has to do with redistributing securities that have been sitting on the balance sheet at the federal reserve and of course another way that they can engineer a quantity of tightening move is to sell securities they're sitting on all of these securities on the balance sheet and they can go into the open market anytime they wish and sell these securities and of course what does that do that puts these securities back into the marketplace and by putting these securities back into the marketplace it's increasing the supply of.

engineer
"federal reserve bank" Discussed on WDRC

WDRC

01:39 min | 3 years ago

"federal reserve bank" Discussed on WDRC

"Is will see rate hike number six in the tightening cycle which is ongoing and the third week of march at that federal open market committee made and if that happens then the new federal funds rate will be one on one half the one and threequarters percent and for those of you who are wondering what we're talking about when we save federal funds here's what we're talking about every bank that is a member of the federal reserve system is required to keep on deposit at the central bank the federal reserve bank is the central bank of the united states and each member bank is required in order to be a member they are required to keep a percentage of their deposits at the federal reserve bank every night they have to meet that percentage every night it's walked to the market every single business day well sometimes banks at the end of the day they look at their account and they say well were a little under were little under deposited in our federal funds account and so they will go into the open market which is the federal funds market that's a daily rate and a trade to during the day it's like the ultimate real time mother of all real time rate so they will go into the federal funds market at the prevailing rate at that time right now the rate is one on the court for one and a half percent and they will go in there and they will.

united states threequarters
"federal reserve bank" Discussed on KKOB 770 AM

KKOB 770 AM

02:13 min | 3 years ago

"federal reserve bank" Discussed on KKOB 770 AM

"Circuit on monday the atlanta federal reserve bank president wherever failed bostick we'll be out there as well as the san francisco federal reserve bank president john williams on tuesday morning the minneapolis federal reserve bank president neil cash carry he'll be out there wednesday morning the chicago fed president charles evans and also for rubber chicken duty on wednesday james bullard the st louis fed president and uh it's just going to be one of those weeks there will be a lot of fed jabbering going on more than that though more than that on tuesday will get the nf ib small business optimism index and this has been highly favorable the consensus is 1079 less reading want to seven point five lots of optimism out there tons of optimism we'll also get the jolts employment report tuesday uh you know the four point one percent unemployment rate is extremely low using historical data and certainly represents full employment by virtually any economic definition and job openings which will be part of the jolts report actually are exceeding hiring which suggests there is a scarcity of qualified workers we've talked about it a scarcity of qualified workers that will become more and more important if we start to see wage inflation which could be the beginning of the end but it hasn't happened yet we'll keep an eye on it that's not all also this week will be getting the consumer price index report friday morning estimated at one tenth of one percent if it comes in there the over a year will be two point one the core estimated at zero point two if it comes in there the year over year old be one point seven we'll get retail sales on.

president chicago charles evans unemployment rate wage inflation retail sales atlanta bostick san francisco john williams minneapolis neil cash james bullard consumer price index one percent
"federal reserve bank" Discussed on Marketplace All-in-One

Marketplace All-in-One

01:43 min | 3 years ago

"federal reserve bank" Discussed on Marketplace All-in-One

"In found like little snag little hickup oh huge deeper than that we're talking about a trillion dollars shortfall over ten years a huge number and uh the toughest fights were over how to make this deficit neutral turns out were really far for federal it's a real blow and you can see in the market reaction today that people are thinking this is this is going to be at least two serious delay if not jeopardising the whole process and what did the outgoing president of the federal reserve bank of new york say today in this regard y you know here so tricky thing david to is they all know these estimates aren't very good but that's not the point you know you do the best you can to get as close as you can to what the what the actual impact is going to be and clearly there just isn't enough there suggesting stronger growth built ugly actually the this morning sort of hinting at why that might be said she i i just don't think maybe this is the right time for stimulus and with the economy at full employment if grow stores to take off the federal reserve is going to have to temper back down again and and there's one of the factors say this tax bill does on leash an additional one and a half percentage points of gdp growth the result is going to be a said the titans faster and slows the economy back down because they don't want it to overheat risk for low t if economist at fc and financial and new york thank you thank you david.

president david titans federal reserve bank of new yo trillion dollars ten years
"federal reserve bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 4 years ago

"federal reserve bank" Discussed on Bloomberg Radio New York

"Federal reserve bank of chicago president charles evans says 'weaken flation in the us may not be entirely due to temporary factors evans spoke this morning with blue berg television and radio in zurich the inflation data had been disappointing i understand i read the arguments i've heard them that uh it's likely due to transitory factors there certainly have been a number of those in the u s i would say that uh in a low inflation is a global environment in so the whole world is deal with trans toury effects in the airline industry delta airlines says fares are set to improve in all major markets confirming a healthy or financial outlook after a summer of us price wars and longtime weakness on transpacific routes delta air lines advancing now by one point one percent tenure up four thirty seconds the yield two point three four percent gold down to 04 the ounce to twelve 85 down twotenths of 1 percent west texas intermediate crude oil up twotenths of one percent to fifty one oon a barrel recapping stocks higher s p of appoint up by one tenth of one percent it is one o2 on wall street that means it's time for the market drivers report and a look at american depository receipts and now here's dave wilson thanks charlie adrs or bautists directionless as us shares both the s p adr index and the sp five hundred or higher by less than a tenth of a percent germany's ga group is risen three point seven percent in us trading the machinery maker said activist investor elliott management owns a stake that exceeds three percent elliott's run by billionaire paul singer who is increasingly targetting companies in europe turkish mobile phone company turkcell as gained three.

charles evans mobile phone europe ga germany dave wilson texas airline industry zurich Federal reserve bank president chicago turkcell paul singer elliott crude oil us one percent four thirty seconds three four percent seven percent three percent 1 percent
"federal reserve bank" Discussed on KKAT

KKAT

02:57 min | 4 years ago

"federal reserve bank" Discussed on KKAT

"The philadelphia federal reserve bank partisan conflict index and it has been up near a record high this year stocks have tend to do better when in the philadelphia federal reserve partisan conflict index is either at record highs or has been moving up and there's no question it is very very high at least if you go back over the last three and a half decades now the philadelphia federal reserve bank this index sleep partisan conflict index based on searches that it does on the internet of the major newspapers in the united states so they're getting a pretty good reading of what the news flow is and what the conflict level is by doing that and this is an index that has as bid this year has been up near record highs in fact it has already reached a record high this year earlier this year so bottom line on all of this is that there is a tremendous amount of this function in congress and that is what has pushed the federal serve of philadelphia partisan conflict index ended these very very high levels and no question about it the market has done better when the partisan conflict index is high and partisan conflict by the way can stay high for a long period of time you're after year even a can can be that way in fact it's been high for a long time going back go all the way back to two thousand ten it's been very high so well we'll see how that plays out but right now there is every indication and i think especially with what we just went through with with the healthcare reform the bockel and now what we're going to be entering into with the tax reform effort i think there's a pretty good possibility that you're going to continue to see a high level in philadelphia federal reserve partisan conflict index and should be fascinating to see how this does play out let's get can on the line in nevada city can welcomed the money talk i can welcome to money talk thank you thank you what's what's up up where i am retired very comfortably with apparent security and i have something over three hundred thousand dollars and cathay i would like to have your direction on setting up on retirement account of some short for my two children they're both around forty year may be only retire right now occurred if it's around and twenty year.

united states congress healthcare reform nevada city philadelphia three hundred thousand dollars twenty year forty year
"federal reserve bank" Discussed on WDRC

WDRC

02:53 min | 4 years ago

"federal reserve bank" Discussed on WDRC

"The philadelphia federal reserve bank partisan conflict and decks and it has been up near a record high this year stocks have tended to do better when the philadelphia federal reserve partisan conflict index is either at record highs or has been moving up and there's no question it is very very high at least if you go back over the last three and a half decades now the philadelphia federal reserve bank keeps this index the partisan conflict index based on searches that it does on the internet of the major newspapers in the united states so they're getting a pretty good reading of what the news flow is and what the conflict level is by doing that and this is an index said has been this year has been up near record highs in fact it has already reached a record high this year earlier this year so bottom line at all of this is that there is a tremendous amount of dysfunction in congress and that is ward has pushed the federal reserve love of philadelphia partisan conflict index and to these very very high levels and no question about it the market has done better when the partisan conflict index is high and partisan conflict by the way can stay high for a long period of time europe after years even a can uh can be that way in fact it's been high for a long time going back go all the way back to two thousand ten has been very high so well we'll see how that plays out but right now there is every indication that i think especially with what we just went through with the healthcare reform the buckle and now what we're going to be entering into with the tax reform effort i think there's a pretty good possibility that you're going to continue to see a high level in philadelphia federal reserve partisan conflict index and uh should be fascinating to see how this does play out let's get can on the line in nevada city can welcomed the money talk khin welcome to money talk thank you thank you what's up i am retired very comfortably with a pen and accuracy and i have something over three hundred thousand dollars and i would like to have your new record on upper arm retirement account of trump tower for my two children mirror both around forty year the.

united states healthcare reform nevada city philadelphia europe three hundred thousand dollars forty year
"federal reserve bank" Discussed on WJNT 1180 AM

WJNT 1180 AM

02:56 min | 4 years ago

"federal reserve bank" Discussed on WJNT 1180 AM

"The philadelphia federal reserve bank partisan conflict index and it has been up near a record high this year stocks have tended to do better when in the philadelphia federal reserve partisan conflict index is either at record highs or has been moving up and there's no question it is very very high at least if you go back over the last three and a half decades now the philadelphia federal reserve bank this index the partisan conflict index based on searches that it does on the internet of the major newspapers in the united states so they're getting a pretty good reading of what the news flow is and what the conflict level is by doing that and this is an index said it has been this year has been up near record highs in fact it has already reached a record high this year earlier this year so bottom line on all of this is that there is a tremendous amount of this function in congress and that is what has pushed the federal reserve of philadelphia partisan conflict index entities very very high levels and no question about it the market has done better when the parties in conflict index is high and partisan conflict by the way can't stay high for a long period of time year after year even a can can be that way in fact it's been high for a long time going back go all the way back to two thousand ten it's been very high so well we'll see how that plays out but right now there is every indication and i think especially with what we just went through with the healthcare reform to buckle and now what we're going to be entering into with the tax reform effort i think there's a pretty good possibility that you're going to continue to see a high level in philadelphia federal reserve partisan conflict index and uh should be fascinating to see how this does play out let's get ten on the line in nevada city can welcomed the money talk i can welcome to money talk thank you thank you what's up where i am retired very comfortably with apparent info security and i have something over three hundred thousand dollars and k i would like to have your direction on setting up a retirement account of some sort for my two children they're both around forty years of age we only retirement right now purity.

united states congress healthcare reform nevada city philadelphia three hundred thousand dollars forty years
"federal reserve bank" Discussed on WCTC

WCTC

02:36 min | 4 years ago

"federal reserve bank" Discussed on WCTC

"Affect quest on we didn't ask why it isn't we said why can't it be in a hypothetical question why is what why why is it better for a group of people to set the overnight rate than it would be individual banks who are transferring those funds to one another okay no who j p morgan war eurojust edgar don't you know just tell us why it is good we don't need a history lesson tell us why it would be not good or to go a different why can't the free market you don't if you don't have a federal reserve bank good job open the federal reserve bank fall into the hands of a very few powerful wealthy individuals without any he morgan that wasn't the cuevas that wasn't the question the question was not uh to not have a federal reserve or eight airport or or eight orate or while they out the or a currency in all that eggs that exist when it comes to money supply we're talking about the overnight rate we're not saint about we're not we're not talking about getting rid of the fed that's not the point that were bringing up we're talking specifically on that particular rate well and if the argument is that while because it would fall into the hands of a few wealthy people the question is will what's on the other side of that table right because what you're talk about in the free market as the other side and that is the willingness to borrow at a certain rate right now now you could sit there and say okay but when it comes to you know the the the production of currency and how much you know currency is actually a unit uh in uh the the the currency supply how did they judged that and in you we can have a discussion on that particular thing as to how much currency in and currency manipulation and printing money and throwing it in uh you can discuss how that should be done worst simply talking about the overnight rate that fed rate we could move on to the other one we're not talking about the dissolution of the federal government and not having a government currency while and he was you know getting to the point that the the banks the people at the banks would be in charge of then making that decision very few people rich people would be in charge of.

free market cuevas federal government morgan
"federal reserve bank" Discussed on WAAM Talk 1600

WAAM Talk 1600

01:33 min | 4 years ago

"federal reserve bank" Discussed on WAAM Talk 1600

"And a jumpy wells' built and i i as one of my guest this past week and i had bob mazor who is the infiltrator he's the former undercover de agent who became the financial guru for public escobar ended up helping take down if you will the many drug cartel and by bob s role was to network with international banks and i think i scared the living daylights added a caravan to midnight listeners and viewers because i taught said the bob i said so bob when you're undercover you asked these big shooters that you're dealing with escobar and all these guys and they educated yuan who the number one money launderer of drug cartel money was in the united states and what did they tell you go see i i really thought they were going to give me names of these last couple of guys and you know as can be begging they all looked at me and he goes well you know the the number one launderer for our money is the federal reserve bank they used to send palette false of shrink wrapped bills to the federal reserve in atlanta and then i asked bob bob you dealt with dozens and dozens and dozens of international bankers all the way up to presidents of these big banks that are household names bob were they aware of who you were and that you were pablo escobar's right hand guy and financial guru in goes.

bob mazor united states bob bob bob s atlanta pablo escobar