38 Burst results for "Janet Yellen"
Fresh update on "janet yellen" discussed on Biz Talk Radio Show
"That told you this is the big, big show and low. He's a good horse. Him. This is Russ and Sully. Alive for the last 100 videos in sunny San Diego, California Big this show is on the air. Great to have you along today. Sully here Rusty nails there. I have to admit that it is not casual Wednesday, so I slept in my car Tuesday. I came to the studio without any clothes. I mean, without me. I just know you're stuck here. And that's why, Yeah, so it's a nauseous. It is a little bit scary. Okay. Couple of things. I don't know if you saw the market turn around yesterday after Jerome Powell came on and started speaking up drawing power, of course, is our Fed share a lot. Alan Greenspan. Ben Bernanke. Janet Yellen Yellen, Right, That was their natural Powell 90 Looks like George is like a tweet look like George Washington. There was such a reversal of fortune in the market yesterday. When Jerome Powell started speaking because the NASDAQ was down 400 points at one point intraday yesterday and ended up being down a half a percent. It's still but but the Dow and the SP eked out gains this morning. Same thing happened. And look at the chart right now of the Dow Jones Jones is up another 1% today, and this is all based upon fundamentals, which is interesting this time because we're not basing anything on Things like Stimulus. This is fundamental stuff. This is interest rates stuff. This is good. It's good that we're a little bit overbought here, but that's it. You look at the Dow, though. I mean, look at the man sector. If you guys would pull that up now, Jack Also is looking nice today because that Zach pulled back about a half a percent. I wasn't able to pay attention. I was involved with the Tiger Woods incident yesterday. You see that? Can I ask you this? I realized I have any more the biggest the biggest comeback and in sports history. Was Tiger was winning masters in 2019 5 back surgeries later. Five, he said five and he's rehab. He was having basically says, Look, I'm not gonna make it to the Masters this year because I'm still rehabbing. Right, right. So here's the issue. No drugs, no alcohol found in the car. Not sure if there's a toxicology report yet in him 7 A.m.. Here's what scares me. This is what scares me about this whole thing, right? Good noise. No skid marks. Yes. No skid marks. That's what you're led to believe that a recent report from the LAPD shares the part on Lee one.
Spotify plans to launch in over 80 more countries
"Streaming service in more countries and in more languages, a Swedish firm announced today plans to launch into 85 more countries and had 36 languages to the platform. Spotify explained. They're looking into expanding the in Asia, the Pacific, Africa and the Caribbean. Once the expansion is complete, Spotify will be available in about 170 countries worldwide. Treasury Secretary Janet Yellen is
Fresh update on "janet yellen" discussed on Vicki McKenna
"Because I honestly think that these people actually low the this nation and the people they're supposed to survive. Think they hate us? In the end the earmarks of back I mean that they're already talking about it publicly that they can't wait to roll out. That list of of your marks anywhere was describing started to kind of set the table for Get ready because your marks aren't bad, just in case you thought they were and we're going to embrace them again and bring them back, And there's a lot of work that needs to be done throughout the nation. So I mean that that's the other topic that started to emerge out here in DC is that No, your marks and back in the Democrats going to use them throughout the entire budget process. Which isn't even the worst of it. Although it Z just getting us that much closer to a debt crisis and for people who don't know what a debt crisis is, when nobody wants to loan us money any longer, and they start to call in our debt, and the interest rate on our debt starts to skyrocket. There isn't anything that Janet Yellen is going to be able to do to stop the debt crisis from hitting the United States. We're gonna get wiped out when that happens, not if that happens. And that doesn't seem to be of any concern to anybody in Washington, D C. We'll just spend and spend and spend until the point where we can simply, you know, it's already unsustainable. But we're still doing it and nobody seems to want to worry about. Oh, I don't know a handful of years into the future when it all comes crashing down. Yeah, I mean economics 1 to 1. You cannot continue to to look at a situation like this and not noticed that inflation is going to create And then suddenly, you know, everyone's going to say cheese wire interest rates starting to come back up again. I mean, it is. It's really set the table for a real mess coming down the road at us well, and that makes me worry about you know what ends up happening with the people that Joe Biden seems to want to empower? Who are this nation's enemies and what advantage and how would they take advantage of the situation if we just started to just two in terms of Our inability to pay back our debt. So I want to talk about the equality Act real quickly if I can. I know I don't have a ton of time here. This past the house. This would totally eviscerated the Religious Liberty Restoration Act protections. This would force doctors to perform abortions. This would force doctors to perform transgender operations against their conscience and Hippocratic oath. This would eliminate essentially women's sports. This wood is this array privacy for women in in places like restrooms and locker rooms in places like that. And it likely In the law on does any kind of sex specific protection that women enjoy right now? And yet it passed. The idea that for generations people fought for civil rights. And federal civil rights. And then it's simply undone by this bizarre concept that you're going to have equality across the board. It's It's hard for me to believe that the Democrats even supported it. After their claim to have worked for so many years. T get it in place and everything else. You just you just listed. I mean, it's it's kind of a frontal assault on women's rights as well and You know that That point was made on the floor and, you know, just kind of late there, so, Yeah, it is. It is. It doesn't. It doesn't promote equality in any way whatsoever. What it promotes is one special identified. Identity politics group. Basically being treated above the law on being able to call the shots for everyone, so it completely destroys the civil rights. That people had fought for for women. It completely destroys the civil liberties that people who want to practice their faith. Expect to be churches and religious organizations. They're completely got this. Yeah, it's unbelievable what they did. And yeah, when I'm worried about is that you know if there's enough pressure because Biden is a drooling, yammering goober. On, and it is not likely that the Democrats are going to be able to hold onto their majority for very much longer that Chuck Schumer Will Basically force a vote on a rule.
Treasury Secretary Janet Yellen says the unemployment rate "if properly measured" is close to 10%
"Let me start you with thing. You've been writing about this week. And that six terry of the treasury janet yellen said on cnbc. I believe it was yesterday talking about unemployment and the stimulus package and the need to go big sector. Yellen said look unemployment is probably closer when you really Add things up to ten percent in this economy And i i'd love your take on that because that's not the official number. It's not it's a good bit higher. The official number is six point three percent which works out to about ten million people employed. She's implying it's ten percent which works out to sixteen million people unemployed. So how can she say that. Actually there's some pretty good basis for her to be saying that we know right now that were in the middle of a pandemic and that official six point three percent unemployment number comes from a survey that they do have about sixty thousand households. A lot of people aren't responding to that survey. A lot of people don't actually know if they're unemployed. That might sensitive silly when you think about it. But you know there's so. Many limbo categories. People are on furlough. People are told they may be called back in a month or two. It's it's kind of confusing. But the biggest factor of all the reason that she wants to add more people to the ranks is the problem of women dropping out of the labor force appearance and others to care for kids at home and to care for sick relatives. That's about five million people who have had to do that. Those people's jobs are clearly gone because of the pandemic but they're not counted as officially unemployed. Because you have to be searching for a job in the past month to be part of the official unemployment number
Fresh update on "janet yellen" discussed on Lewis and Logan
"Message from the Catholic cemeteries of the Archdiocese of Washington, including also Cemetery and Gate of Heaven Cemetery in Montgomery County, Maryland Resurrection Cemetery in Prince George's County, Maryland. Mount Olivet Cemetery in the District of Columbia and ST Mary's Queen of Peace Cemetery in southern Maryland. name and you need to get something. Gotta find yourself a black sweater. Unit up whether Begin something good. Listen, Lisa. Beautiful. My machine ain't no halfway in between. Gotta give me something before I fall upon the peoples in the hot found that Oh, the horse of yours. And hit on down to Roy's. Yeah, to make a big sandwich every way. Rogers restaurants. Guess what, you big cut. It's a youngling beer battered gut fish Feli with cheese and turns us on a Kaiser roll rising Helling and they welcome you, Z. Come on down to boys and have a cowboy kind of D Make yourself a great kids. But into the view, Better cut fish fully sandwich. Every boy Rogers Thorne, ashen uber eats are available at participating restaurants coming up in the business week ahead. The corporate earning season begins fourth quarter revenue and profit reports. Confirming Janet Yellen to be the next Treasury secretary is on the Senate agenda the day before Joe Biden is inaugurated. If confirmed, the former Fed chair will be the first woman to lead the Treasury Department. Also this week. Insights on the housing market. The National Association of Homebuilders releases the latest builder sentiment reading on Wednesday and later in the week will get December housing starts and existing home sales data. All that comes, his mortgage rates have started the year slightly higher. If getting organized is on your list of things to do in 2021, you're not alone. More than $20 billion is spent on organizational products every year, experts say. Anyone could do it and it doesn't have to cost a fortune. NBC's Dan Shannon reports. I'm a recovering super slob. Cassandra Arson. Is an organizational expert. The big myth is if I only got organized then I'd have space for everything. But organizing doesn't create space de cluttering. Create space for a quiz on arsons. Website Clutterbuck helps find your organizing style. If you know what naturally works for you, you can set up a system that actually days organized for good. I think your space is a reflection of you. And by organizing it, you're setting yourself up for success in the rest of your life. The spruces Melanie, Burly a says, Take baby steps when tackling the clutter, experts say being organized isn't about spending money or copying what other people are doing, but adapting your needs in your home. And be careful with those hot pockets. They could be dangerous. Nestle is recalling almost £800,000 pepperoni pizza hot pockets with the best before date of February, 2022. Because glass and hard plastic were found inside. The federal government's Food Safety Department says it's only received one report of someone sustaining a minor aural injury, But the recall is considered a class one meeting. The hot pockets are potentially a major health hazard. Consumer and business News. Joe McConnell, NBC NEWS radio Free I Heart Radio APP is number one for music, radio and podcasts, all in one discover a new podcast from our library of over 350,000 titles. Here's an I Heart Radio podcast preview. They asked me Tambra. Could you do something for us? He said. Yeah, absolutely. And they said would you want to meet them tomorrow? And where a wire I'm Ronan Farrow, The catch and kill Podcast chronicles how I followed a trail of clues from the Weinstein story to others about the systems that protect powerful men accused of terrible crimes. In Hollywood, Washington and beyond. But I didn't bring those stories too light.
Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough
"Doubles down. The stock market record highs seemed to have fizzled in recent days with the s. and p. five hundred falling for a third straight day on thursday fears of inflation may be at work here. There are concerns that if all the stimulus being pumped into the financial system works that it could begin pushing up prices that may be risky for stock market. Investors as money flows back into the rising yield bond market. In fact a sizable selloff has been seen in the us. Government bond market over the last six weeks yields on the ten year treasury note have climbed during this process from one percent in early january. Two one point three percent this week quote. We think it's very important to have a big stimulus package that addresses the pain. This has cost fifteen. Million americans are behind on their rent. Twenty four million adults and twelve million children. Who don't have enough to eat. Small businesses failing and quote so said treasury secretary. Janet yellen in an interview with cnbc yesterday. The treasury secretary added quote. I think the price of doing too little is much higher than the price of doing something big. We think that the benefits will far outweigh the costs in the longer run and quote asked whether the surge in federal spending could prompt a sustained rise in inflation. Yellen responded that. It was a risk but that inflation has been very low for many years and that the fed could always mitigate that risk by raising rates. According to speaker nancy pelosi. The house aims to pass. Its one point nine. Trillion dollar corona virus relief panel an before the end of february to be a deadline on sending key unemployment programs. Going a little deeper here. Yellen said that the white house will likely propose a second economic recovery package later this year that would include spending on longer term investments like infrastructure renewable energy education job training and research and development. This proposal would also include tax increases on corporations and on wealthy americans that would quote phase in slowly over time and quote of course during the campaign. President biden proposed raising the corporate rate to twenty eight percent from the current twenty one percent before president. Trump's tax cuts in two thousand seventeen. The rate was thirty five percent
Yellen warns against paring Biden's $1.9T relief package
"Democrats are taking a major step forward to push through President Biden's covert relief plan. The American rescue package by the end of next week, CBS News correspondent Deborah Alfa Rone has detailed Treasury Secretary Janet Yellen believes Mr Biden's 1.9 shrilly in dollar covert relief bill is a big part of the solution. We're digging out of a deep hole last year was the worst year For economic growth Students World War two. The House hopes to vote on the president's stimulus plan a week from today before sending it onto the Senate. Democrats want to approve it before some benefits from the first round of pandemic AIDS expired on March. 14 next up for the president, said the concentration on further research and money. To go towards climate change and an infrastructure plan that threatens to split the Democratic Party Because those plans they're going to cost way more than $2 trillion. 6
Biden Takes To The Road To Push His COVID-19 Relief Plan
"President biden is on the road this week. He wants congress to pass his one point nine trillion dollar covert relief package. And so he's making the case for it directly to american citizens last night. He was in wisconsin for a town hall produced by cnn. and host. anderson. Cooper asked the question. When is every american. Who wants it going to be able to get vaccine by the end of july this year. Npr national political correspondent. Mara liasson is good morning mar. Good morning joe. Biden took a lot of questions about vaccines and also a lot of questions about when schools are going to reopen. How yes school. Openings have become a really controversial issue and a potential vulnerability for the white house. The republicans have been saying that biden is not being aggressive enough on something that too. Many americans is the most important signal of getting back to normal. In addition to the many reasons why it's important for kids and parents to get schools open and one of the reasons that this could be potentially damaging for the white house is that the president's press secretary had set a remarkably low bar of what biden meant by school opening. She said that he wants half of them. Having in person instruction one day per week by the end of his first one hundred days last night biden said that was a mistake in communications. He wants to see k. Through eight classes back five days a week. Here's what he said. We'll be close to that. At the end of the first hundred days you'd have a significant percentage them being able to be opened my rent. My guess is they're going to probably be pushing to open all for all summer to continue like it's different semester days a week or a. I think many of them have five days week. The goal we five days a week. So that's a more ambitious goal. But as biden pointed out is a state and locally controlled thing can set goals put out guidelines. But it's not up to him. Speaking of ambitious he still wants one point nine trillion dollars. There are critics of his plan. There are economists. also who say that's just too much money it seems like biden is saying. Let me make the case to the people who are suffering and explain why we need one point nine trillion. Yes and he did that last night. He pointed out the polls show that many republicans even trump voters are support. The package the package has very very high approval ratings and even though it's not popular with republican members of congress biden also defended the price tag saying. There's a consensus among economists. About spending more rather than less. And you know both biden's treasury secretary janet yellen and the fed chair. Jerome powell have both said that a bigger package is better and if it does spark inflation they can handle that. What's unclear is if the package will get any republican support in congress. Despite those bipartisan talks. You know senate minority leader mitch. Mcconnell told the wall street journal that he thinks the first step to unify republicans and of course. They've been badly split. Deeply divided is to unify around to the relief package. This is what republicans did in two thousand and nine. when they opposed obama's stimulus
Lawmakers Debate Biden's $1.9 Trillion COVID-19 Relief Plan
"The right amount of money to get americans through a few more months of the pandemic president biden is hoping that congress approves covid relief. Now that they're done with impeachment. A lot of the money would finance payments to americans. Fourteen hundred dollars for most people city states and schools would also get some money earlier this month. The white house economic adviser. Jared bernstein said people need it all. We have to hit back hard. We have to hit back strong. If we're going to finally put this dual crisis of the pandemic the economic pain that it is engendered behind us as you may have heard. The administration is asking congress in total for one point nine to really dollars. It politely turned down a call by some republican senators to spend less but economists still have questions about the price tag. So let's talk this through with npr chief. Economics correspondent scott. Horsely morning. good morning steve. Why would there be doubt about one point nine trillion. It is that price tag one of the most prominent critics is larry summers. Who was treasury secretary. In the clinton administration he was also an economic advisor to former president. Obama summers told. Npr's we edition. It is important for the government to go big but maybe he says not this big. If your bathtub isn't fall you turn the faucet on but that doesn't mean you turn it on as hard as you can and as long as you can. The question isn't whether we need bake stimulus. The question is whether we need the biggest stimulus in american history summers whereas spending this much money on short term relief would make it harder for the administration to the kind of long term investments. That it wants to and things like infrastructure. He's also worried that a rescue package. This big could overheat the economy and trigger something. We haven't seen in a long time. Steve inflation well. How worried if it all is the administration about inflation. The administration is a lot more worried about the people who've lost jobs in about the parents who can't work because their kids are in school The latest congressional forecasts predict. It will be twenty twenty four before we get back all the jobs that were lost last year and the administration says that's not good enough treasury secretary. Janet yellen told cnn. She thinks the us could be back full employment next year. If congress passes the president's rescue plan and keep in mind Yellen used to be the chair of the federal reserve where inflation was a big part of her responsibility. I've spent many years studying inflation and worrying about inflation. And i can tell you. We have the tools to deal with that risk if it materializes but we face a huge issue comic challenge here and tremendous suffering in the country. We've got to address that. That's the biggest risk. Let's ask about the reassurance. She offers there when she says we have the tools to deal with the risk of inflation. What she mean traditionally when the economy overheats and that causes a jump in prices. The fed tries to cool things off by raising interest rates and for decades. The fed was really aggressive about that sometimes. Raising rates preemptively. Just in case prices might go up but now the central bank has really changed. Its thinking about that. In recent years we saw unemployment can go a lot lower than many people expect without overheating and triggering inflation and that was really good for a lot of people especially those at the bottom of the income ladder so the current fed chair. Jerome powell says he's just not to worry about inflation even though he says we could see some temporary price hikes later this year if the economy reopened is there's quite a lot of savings on people's balance sheet you can see strong spending growth and there could be some upward pressure on prices. My expectation would be that that that will be neither large nor sustained for a long time. Now inflation has been lower than the federal reserve would like it to be and the central bank says it will only raise interest rates once we get back to full employment and inflation has been running above two percent for a while scott. Thanks for the insights. Really appreciate it. You're very welcome.
Yellen Is Creating a New Senior Treasury Post for Climate Czar
"Secretary. Janet yellen wants to add a new senior treasury post climate czar. According to people familiar with the matter yellen is considering sarah bloom. Raskin a former deputy treasury secretary who worked with yellen on the federal reserve board in interviews and speeches raskin has warned regulators that they need to do more to shield the nation's financial system from the risks posed by climate
Yellen downplays inflation fears amid Biden's $1.9T stimulus bill
"Congress and the white house continued to parlay over. What exactly they are going to do about another round of virus. Relief president biden's one point nine trillion dollar plan specifically. We are going to talk about the of it my predecessor. You know his indicated that there's a chance that this will cause inflation to rise and that's also where risk that we have to consider. That was of course treasury secretary janet. Yellen on cnn this weekend responding to an op. Ed by former treasury secretary. Larry summers who said that. One point nine trillion dollars is too much relief in part because it might cause inflation to which yellen said this. I've spent many years studying inflation and worrying about inflation. And i can tell you. We have the tools to deal with at risk. If it
Yellen: Biden's plan could restore full employment by 2022
"The Treasury Secretary Janet Yellen says the country is still in a deep hole with millions of lost jobs with the president's $1.9 trillion relief plan might generate enough growth to restore full employment by next year. Republican senators argue that buttons proposal is too expensive. Meanwhile, House Democrats plan to propose booting the child tax credit. It's $2000 right now the plan would take it to $3600. The proposal would be part of the Copan 19 relief bill, but they're running it right now, and it is expected to probably follow the Biden plan very
Vast majority of the 346,000 workers who vanished from the U.S. labor force in January are women
"Most recent jobs report shows that positions held by women amount to a vast majority of those lost. The nation's new Treasury secretary hopes the president's stimulus package will change that Secretary Janet Yellen said on CBS Face the Nation. President Biden's $1.9 Trillion American Rescue plan is geared to help all citizens that need it. Places emphasis on lifting additional burdens that women take on getting Children back into school, providing paid family and medical leave during this'll crisis so that women don't have to leave their jobs and also says the president continues to look at who should qualify to get $1400 stimulus checks and says he will negotiate with Congress to decide that
Yellen says job market still "in a deep hole" with "a long way to dig out"
"Win. Treasury Secretary Janet Yellen says she's worried about the state of the job market. The job market is stolen. We saw that in Friday's employment report. Yellen says. The U. S is deep in the hole in that area, and there's a long way to go until we're out of it. Yellin says many women are dealing with child care issues, which puts
Yellen: Biden's plan could restore full employment by 2022
"Janet Yellen says President Biden's Coben 19 relief plan could restore full employment by 2022 a
Yellen says job market still "in a deep hole" with "a long way to dig out"
"Secretary Janet Yellen admits she's worried about the state of the job market is the job market is stolen. We saw that in Friday's employment report on CBS's face The Nation yelling, claimed the U. S is deep in the hole in that area, and there is a long way to go until we're out of it. Ellen also touched on the problem of fewer women in the workforce, she says. Many are dealing with child care issues, which puts them in a tough situation. Yelling claim Biden's coronavirus relief plan tackles problems women are facing. Ellen is the first woman to lead the Treasury after also being the first female to head the Federal Reserve.
Yellen says job market still "in a deep hole" with "a long way to dig out"
"Secretary Janet Yellen says she's worried about the state of the job market. The job market is stalling. We saw that in Friday's employment report. Yellen says. The U. S is deep in the hole in the area, and there's a long way to go until we're out of it. Yellin says many women are dealing with child care issues, which puts them in a tough situation.
Yellen says job market still "in a deep hole" with "a long way to dig out"
"Com Treasury Secretary Janet Yellen says she's worried about the state of the job market. The job market is stolen. We saw that in Friday's employment report, Yellin says. The U. S is deep in the hole in that area, and there's a long way to go until we're out of it. Yellen says many women are dealing with child care issues, which puts them in a tough
Yellen says job market still "in a deep hole" with "a long way to dig out"
"Report. Numbers released on Friday showed little improvement lived just 49,000 jobs created US Treasury Secretary Janet Yellen telling face a nation that the U. S still has a very large hill decline. Million people unemployed. Four million of drop gathered labor market and another two million or working part time who really would like full time work, so We have. We're in a deep hole with respect to the job market and a long way to dig out. Yelling also says she believes the economy is now stalling.
Yellen says U.S. could return to full employment next year if Congress passes $1.9 trillion stimulus
"Today in New York State. Treasury Secretary Janet Yellen is making the case for President Biden's $1.9 trillion coronavirus relief package, telling CNN's state of the union it will get the country on track to full employment next year and warning that not passing it will keep unemployment high for years to come, pointing to an analysis from the Congressional Budget Office. Ellen also responded to former Treasury Secretary Larry Summers concerns in the country Condell with the risk of inflation. If that happens, I've spent many years studying inflation and worrying about inflation, and I can tell you we have the tools to deal with that risk if it materializes, Look in Pennsylvania Senator Pat Toomey, also on CNN's state of the union, says that may be but yelling is no longer in an objective role. I have a lot of respect for Secretary Yellen's very, very capable, talented person, but she is not The leader of the independent Federal Reserve anymore. She is now the Treasury secretary. And as such, her job is to be the biggest cheerleader for whatever economic policy President Biden wants. They're looking to reduce the number of $1400 stimulus checks with the more targeted approach, giving them to those earning
Chicago mayor demands teachers return, union offers proposal
"Treasury Secretary Janet Yellen says workers who earn up to $60,000 a year should receive pandemic stimulus checks under the Biden administration's relief package. She says Exact targets are yet to be determined. Chicago Public School teachers are supposed to start returning to classrooms tomorrow in what the school district calls a staggered timeline. But the teachers union and public school officials still haven't reached a deal on resuming in person classes during the pandemic. A Sarah Carp of member station W be easy reports. A showdown is set for Monday between Chicago's mayor in the teacher's union as a negotiated deal over reopening schools. Of nothing materializes before then a strike becomes a greater possibility. But both the mayor and the union have insisted they want to avoid a strike, which would cancel classes for 280,000 students.
"janet yellen" Discussed on The Daily
"janet yellen" Discussed on What Next | Daily News and Analysis
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We need <Speech_Male> more relief that we should <Speech_Male> not be worried about. <Speech_Male> You <Speech_Male> know adding a a <Speech_Male> few extra <Speech_Male> dollars to <Speech_Male> our national credit <Speech_Male> card. <Speech_Male> But i i would <Speech_Male> want to know from her <Speech_Male> whether or not <Speech_Male> she thinks <Speech_Male> you know info <Speech_Male> in three years <Speech_Male> and four years. If <Speech_Male> we're back at full employment <Speech_Male> should we be talking <Speech_Male> about deficit <Speech_Male> reduction. Personally <Speech_Male> i would prefer that. We not <Speech_Male> be and <Speech_Male> i but i <Speech_Telephony_Male> i would want to <Speech_Male> know. If she's going to <Speech_Male> <Speech_Male> nudge the <Speech_Music_Male> <Advertisement> president in that direction <Speech_Music_Male> <Advertisement> <Music> <Music> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Silence> <Advertisement> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> jordan weisman. <Speech_Music_Male> <Advertisement> Thank you so much for joining me. <Speech_Music_Male> <Advertisement> It was <Speech_Music_Male> <Advertisement> a pleasure <Speech_Music_Male> <Advertisement> <Speech_Music_Female> <Advertisement> jordan. <Speech_Music_Male> <Advertisement> Weisman covers economy <Music> <Advertisement> for slate. <Silence> <Speech_Music_Male> <SpeakerChange> And <Speech_Music_Female> that's the show. <Speech_Music_Female> <Advertisement> What next is <Speech_Music_Female> by schwartz. <Speech_Music_Female> <Advertisement> Daniel hewitt mary <Speech_Music_Female> <Advertisement> wilson and starting <Speech_Music_Female> today davis <Speech_Music_Female> <Advertisement> land. <Speech_Music_Female> <Advertisement> Welcome davis. <Speech_Music_Female> <Advertisement> we're also <Speech_Music_Female> <Advertisement> getting an assist. These days <Speech_Music_Female> <Advertisement> from frankie kelly. <Speech_Music_Female> <Advertisement> We are led <Speech_Music_Female> <Advertisement>
"janet yellen" Discussed on The Journal.
"The seventeen nineties but the treasury doesn't just fund the government and collect taxes. It also monitors the value of the dollar and carries out international sanctions and the person who leads the treasury also has to deal with politics. A big part of the job is negotiating deals with congress. This is the most political job that janet yellen has ever had. She was the chair of the council of economic advisors in the late ninety so that means she was in. The white house was exposed to politics but most of her career and economic policy has been at the fed which is more of an insulated institution and prizes itself on being a political. You know and there's reason to think that yellen doesn't love the political part of the job. Her husband is george aker law. He won a nobel prize in economics. And there's this really interesting passage that he wrote in his autobiography for the nobel prize where he talks about playing a supporting role to janet yellen. So here's the sentence where he talks about her role in politics. He says janet was at the fed. I supported her as much as possible by taking over household duties later when she was at the white house by rohan providing psychological support in the daily political storms was yet more important so like in the yellen. Aker lofthouse household these daily portable storms. Were something that affected both of them and she's about to walk into storms. That are probably going to be much more ferocious than they were back in the late. Nineteen ninety s the ferocious political storms. Yellen will have to weather in her new job. That's after the break..
"janet yellen" Discussed on Stansberry Investor Hour
"I do that sort of thing and good times. But on the way back I actually sat in front of. And she was immediately behind me. Janet Yellen on the on the play which I thought was kind of funny people were stopping to take selfies with her. I didn't realize she was really considered quite the quite a celebrity in that way. But there are people that were taken selfish with their and they're excited to see Janet Yellen. But I I wonder or I want to ask you the fed fed rate hikes or or lack thereof up to this point and going forward. How much does that really matter? So interest rates matter, and they and went especially all of these things I've been saying for some time the stock market doesn't matter unless it's at one of his extremes valuation, an extreme low or an extreme high, and I feel generally the same way about interest rates. And of course, they got to an extreme low in the past couple of years here, you know, zero as well zero actually isn't as low as it gets negative negative sovereign yields in the European Swiss bonds and. German bonds and even Japanese bonds net so negative sovereignty odes that's as low as it gets. Right. And so that basically turns these allegedly safe instruments into toxic waste because at some point. We know the decide cycles matter in the cycle will will reverse so not all the time. But yeah, right now and in the past year or so and probably for another years interest rates are going to matter. And if they rise if they continue to rise, of course, well, you know, when they when they continue to drop in drop that just encourages all this speculative debt, you know. So that that's why we have all this triple be debt piling up. And triple b of course, is the the lowest rating, you can have before your rated junk. So you know, you can.
"janet yellen" Discussed on KKOB 770 AM
"Got a great background for doing exactly what he's doing i think it's actually a little refreshing to have a fed chairman who is a lawyer rather than an economist janet yellen is an economist and greenspan was an economist has was burbank he and before that we had volcker who had a background in training in economics so more pragmatic person at the fed maybe less beholden to theories of how the world should should operate is is actually a good thing that's actually one of the themes of my book is that fed policymakers especially the macroeconomists tend to be almost slaves to their economic theories classic example of course is what's called the phillips curve the socalled inverse relationship between inflation and unemployment and the idea is that if you get unemployment to low that's bad because it's going to bring inflation back and you know they've they've been waiting for inflation and make a comeback and it just hasn't and that's the thing because globalization global competition is keeping a lid on inflation while bringing the unemployment rate down by the way it's it's kind of perverse to see all this tension and trade when the us economy is doing so well i mean we're basically at full employment i know that seems like an ad thing to say when you've got six million people that are still unemployed but at the same time we've got six million jobs that are unfilled so the mismatch is what they call frictional unemployment see their geographic or skills base but you know you don't need me to tell you that there's help wanted signs everywhere and it's very hard to to find people to.
"janet yellen" Discussed on Marketplace All-in-One
"This marketplace podcast is brought to you by casper casper's asleep brand the continues to revolutionize its line of products to create an exceptionally comfortable sleep experience one night at a time with three mattress models the original casper the wave and the essential caster mattresses are perfectly designed to soothe in cradle your natural geometry not to mention the readable design helps you sleep cool and regulates your body temperature throughout the night and it's delivered to your door in a small how did they do that sized box with free shipping and returns in the us and canada but the best part is you can be sure of your purchase with casper's one hundred nights risk free sleep on it trial after all you spend a third of your life sleeping so you should be comfortable start sleeping ahead of the curve with casper get fifty dollars toward any mattress purchased by visiting caspercommorning and using the code morning at checkout that's caspercommorning and use offer code morning for fifty dollars off your mattress purchase terms and conditions apply wrapping up janet yellen leadership of the fat from marketplace in new york i'm tracy samuelson in for david brancaccio the federal reserve's openmarket committee will meet this week coming off a strong jobs report last week it's widely expected to raise its benchmark interest rate a quarter of a percent it's third increase this year slow and gradual is the name of the game here to talk the fed with us this morning is julia coronado she's the founder of macro policy perspectives julia what are you looking for at this meeting it should be a pretty our home affair are after knock on on any humming along and everybody expecting them to i great for the third time this year under from from reassurance in that the economy is starting to look normal again and so it should be pretty blog they acquired fred meetings go i guess if there's one notable thing about it it's that that's the last fomc meeting of the year the last time we'll hear from janet yellen as chair so as nostalgic as one might be able to get around these.
"janet yellen" Discussed on Marketplace All-in-One
"I think they are going to try to whittle that down a bit to be able to fall within areas where they can pass it with a simple majority instead of having a bipartisan support on this vote you're in washington right now i imagine there is a great sense of urgency rodin's need a win but it brings mind the tax reform the 1980s that took several years is there any sense that this tax plan is suffering from the speed with which it is getting done at one of the key casualties people forget the legislative processes delivered it for a reason and that's to examine all of the consequences an unintended and well intended and we don't have that delivered it process you're not gonna get to all the potential scenarios dick it happen and that's what i fear is what we're seeing today meanwhile fed chair janet yellen she's she's not gonna remain is the chair but she might actually remain possibly on the fed board is that right yes one an interesting issues is your governor seat last for much longer than a cheer seat does she does not leave she has a seat as he governor on the federal reserve until 2024 it would be useful to have janet yellen at the table particularly four cheer powell as he takes over given she has the muscle memory of the crisis and the intellectual fortitude to deal with the growing division within the fed she can speak the economics to the other economists and their debate about the trajectory of rates going forward or a diane swonk ceo economics in chicago thinks is always think gear alaska maybe in the next few years sending natural gas through a pipeline to asia alaska governor bill walker signed a deal in beijing outlining how chinese and american companies work together to build such a pipeline aiming to sign contracts by 2018 the agreement doesn't guarantee the construction of the pipeline.
"janet yellen" Discussed on Talk Radio 101
"Economic realities united states in fact what do you make a case for the stronger now you factoring a stronger europe some of the manufacturing industry use are stronger uh they're manufactured production stronger loan growth a stronger their gdp and police are about the same so wonderful wonder what's going on with mr draghi at the european central bank banking still keeping interest rates negative as we raise them here and they're still doing quantitative easing and in fact mr draghi says there to keep rates at euro are lower on their short ed until they are finished with q e n well past when they're finished with this quantitative easing and they say they're going to keep doing 30 billion a month through at least september of of 18 so we're talking about negative rates lasting well path to use his own words mr draghi well path the un a qualitative eat them about and looking at their base case of a couple of years and maybe ethical winter and would start with the fact that that's the end of mr draghi's curve i have the courage of janet yellen give her credit she raised interest rates off of zero when a lot of people were worried about that he started the balance sheet normalization to quantitative tightening and europe it have been some encouraging economic fundamentals to largely unlocks up the united states so what i'm picky about interest rates bob is the 10year bond in germany which yields less than forty basis points today seeks to make no sense today's inflation arrays felt one seven and their gdp a like dollars you know fled they finally give up a taking that race that's what he might parts of the interest rates get a little bit more freedoms he's vomiting we'll be back after the break over seventy.
"janet yellen" Discussed on Slate Money
"You know the nuts and bolts of how money moves around the world and if you understand that and you have a career who which has been in that then yeah i mean this is the same reason why people wanted larry summers to be fed chair incentives janet yellen because like you have that sort of your your little bit better placed in event of a crisis there's also there to parts of the fi a dealing with a crisis if you're fed chair right there's the part you're talking about felix which is the kind of the mechanics roll right like how do we fix it but then there's also the interest rate decisions and you know at some point during the financial crisis became clear to drop a mess far vakhin down as we can get two zero and if we can't do if we can't go below zero let's start buying bonds left and right um you know but there's you know in the lead up to the crisis the fed screwed up its decisionmaking on whether to high or whether to cut in early two thousand eight and even right after leman it would they they really were still kinda worrying some old right before leemanan in some people after we're still worrying about inflation more than they really should have early they were getting kind of blinded by the rise in energy prices and janet yellen what to her credit was one of people saying i think there's a credit crisis coming we should probably cutting tried had that off are we could be in for nasty recession that was one of the you know it's so there i guess that's my thing is like drum powell has so far in his monetary policy career gotten by that it is such that it is has gotten bye bye immitating janet yellen so what happens when he's the guy in charge will he will he be able you know will he still does take our advice while she still be there now she she won't be there but the fact day she could sit round a hoax was not really wanted stick around janet plea if you're listening hick around please antle he's not gonna stick around that what is going to happen is a continuation of.
"janet yellen" Discussed on BBC Radio 4
"Comes from private sector background he was a former investment banker and breaking with tradition he doesn't actually come from a steep background in economics unlike for example janet yellen and ben benign can his predescessors he is seen though despite all of this as the status quo candidate because he has been on the federal reserve board since 2012 and if you look at his track record for the most part he seems to have agreed with janet yellen when it comes to the direction of monetary policy and is it unusual not to nominate the incumbent for a second term and what's the president said about that it is very unusual i mean i think look with talking about a president who's known for shaking things up in some ways his peak is fairly conservative you think about sort of donald trump's track record he has picked for someone who is unlikely to deviate from what we've seen in the past but who is a republican unlike janet yellen who is a democrat that being said if you listen to his speech in the rose garden when he made the announcement of his a nomination he praised janet yellen for the work she had done he was very complimentary about her at the same time though he didn't choose to renominate her and that is a break with tradition and your own power will run the us central bank what influence will he and the bank have globally the us federal reserve is considered the world's most important central bank in part because of the role of the us economy in the globe its sheer size and scale the impact it can have on the dullah on inflows and outflows of money we've seen that in the past when the the federal reserve has moved too quickly in court countries of god you've seen flows of capital move in and out of countries causing problems as we've seen in the past in in some developing countries the other thing to remember is that they set monetary policy they set the tone in the world's largest khan me for those who trade with the us that is a key monetary policy plays a key part in the health of the.
"janet yellen" Discussed on KOMO
"Eighty two thousand homes businesses were without power in massachusetts after a storm the number down two hundred thousand this morning gobert i'm now is ten forty six and the feds reading today amid questions about who might share the fed when janet yellen sturm ends with is also serious business consider no matter who president trump tabs to leave the central bank greg mcbride chief financial as with bankratecom with me on a couple of luzon hello greg nice to have you with us good morning madam it host sarwar that leadership question who's in a running for janet yellen job in one might we hear something for the president is she a candidate tie well the white house announcement thursday is going to be the day that the announcement is made via janet yellen issued herself is a candidate but if you know reportedly are believed it seemed like at this point cheat that the likelihood of that she's not going to be reappointed their the other two candidates that have really come to the fore uh john taylor and jerome powell jearl powell is a you know he the and experience what the fed reserve board of governors by interestingly he not an economists by bakken and he feels the leading candidate this point so yeah if it he intact appointed interesting choice i mean there's some certainly some continuity with the janet yellen ted to daryl powell but you know that that lack of of background at an economist is you know certainly interesting given that the charge of being at the helm of the world's largest economy via that does give you caused to pause if somebody other than yellen more to head the fed the what is going to mean for our wallets of what what's the ripple effect look like wow well we got a couple of things going on right now the fed has been raising shortterm interest rate they did done so a couple of times this year already in their look like they're lining up to do so again in december and expected to continue as we move into 2018 they also just this month october started to downside that gargantuan balance sheet that they app walling off some of that stabilised now that this is uncharted waters that orient in so what you've got with.
"janet yellen" Discussed on BizTalk Radio
"Of the market i think you know might take on that but i wanna start with janet yellen who in a reason enter have you talked about their of federal open market committee policy meeting and there are some telling signs in there some of which i agree some of which i'm not so sure about setback votes relax it's the ray revolution okay so janet yellen sketch somewhat of a bright outlook for the us economy i guess that's good especially for the inflation prospects in the coming months saying that the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily and should be followed by a reboot and by year's end that still yet to be saying this inflation comment is one of the things i'll come back to in either event speaking at an international banking seminar yellen acknowledged that the persistence of undesirably a low inflation this year has been a surprise hm hadn't been in a surprise to me and it hasn't been a surprise to most of us who follow this stuff nonetheless i think that the fed is itching to raise interest rates and janet yellen in particular before donald trump replaces her because i think she's afraid that she could go down as someone who promised to stabilize rates and stave off inflation and failed to do so if she doesn't raise interest rates in my humble opinion is that the federal reserve as they've gotten at wrong most of the times in the past maybe on the path to getting it wrong again again that's just me i am not an economist and i'm not up for the job just say in but she expected inflation to start picking up as the effects of temporary factors such as falling prices for consumer cell phone service began to fade are you telling me that consumers cell phones service charges is what's been causing the deflationary trend the fact that competition has caused those to go down come on you expect me to believe that maybe they're just using that as an example i guess so but if that is true across the board if consumer cell phone services are beginning to fade what makes you think that they're going to go up dramatically and cause inflation i dunno i just saw one advertise on tv last night twenty five bucks a month starting as low as fifteen bucks a month that's about.
"janet yellen" Discussed on KHNR 690AM
"You and you know maybe we have an advantage maybe i have an advantage on money talk because i can tell it like it is guess what i've never run for office i'm not running for office and i have no plans ever to run for office what does that mean that means i can speak the truth about these issues we get out the glenview illinois done welcome hey what's up i would i number four under underemployed and discourage it one one number at part pretended it it it any where you're hot always very broke down and what the profanities yes the labor department site it is and uh the numbers through a really are diverse i would point out done and thank you for your question it's a very good one i would point out that chair janet yellen has openly discussed the underemployment rate and she has declared that this is something that she watches so she's well aware of it and i think that that is one of the main reasons that janet yellen has maintained her easy money approach okay thank thank you you done appreciate it good to hear from you and you know there are a number of economic data point that you take a um a plural view at you don't just take one number you take of may be at least two numbers now we talk all the time on money talk about inflation we talk about two measures of inflation we talk about the headline number which is all inclusive and then we talk about the core number and the core number excludes too volatile components namely food and energy highly volatile energy.
"janet yellen" Discussed on KKOB 770 AM
"Number four under underemployed and discourage it is a threat at one one another at heart percentage is it it it anywhere you'll hot always very broke down and what the percentages yes the labor department cited is and the numbers are really are diverse and i would point out done and thank you for your question is a very good one i would point out that chair janet yellen has openly discussed the underemployment rate and she has declared that this is something that she watches so she's well aware of it and i think that that's one of the main reasons that janet yellen has maintained her easy money approach okay thank thank you you done appreciate it good to hear from you and you know there are a number of economic data point that you take a um a plural view at you don't just take one number you take of may be at least two numbers now we talk all the time on money talk about inflation we talk about two measures of inflation we talk about the headline number which is all inclusive and then we talk about the core number and the core number excludes too volatile components namely food and energy highly volatile energy especially in recent years and so we construct a core number which excludes those two volatile sectors food.
"janet yellen" Discussed on WSJ MoneyBeat
"These statements are very carefully crafted every word hasn't meaning and we a again i think the language run inflation is going to be very closely watched it says i think right now it's as something like inflation is running below two percent it'll be interesting to see what how they tweak that but statements by janet yellen how her speeches those are the most important signals that are out there people watch the rest the fomc and what they say and that's worth doing but janet yellen is for now driving this bus so the other is one report this week when other report this week that is critical looking at the economy and you would imagine the fed will take notice of it the gdp of course on friday and before we even get to it i one question i have been in i think people less this all the time is does the fed get a sneak peek at any of these numbers beforehand in other words the the feds are meeting this week did do they know with the gdp numbers going to be on friday that's a good question i don't think so but i'm not sure uh i know that economic the major economic indicators are provided the night before release to the white house uh through the council of economic advisers uh so the president generally knows what the jobs report is gonna say the next morning on thursday evening uh but two days in advance i mean they're very careful and how they pulled together these reports that they don't have them sitting around for a few days with numbers out uh the nba the bureau of economic analysis which puts together gdp has talked about their sort of procedures for how they bring people together to calculate the numbers and put the report together and i don't think there's a huge gap so i don't think the fed the fed might not be getting the actual report on wednesday when their meeting but they certainly will have a general idea of what the reports can say because we all do we've all right there are any number of gdp trackers and calculations on what is going to say and they're usually pretty accurate not always but uh the consensus.
"janet yellen" Discussed on WSJ What's News
"Support for wsj comes from comcast committed to improving your customer service experience with two our appointment windows including nights and weekends because they should fit into your life not the other way around learn more at xfinity dot com slash service they need fair uneasy peace between donald trump and janet yellen what's news from the wall street journal top stories without the noise from the news room in new york i'm jennifer strong the president's relationship with the federal reserve has so far been cordial but that doesn't mean chairwoman janet yellen is likely to stay on joining us from our newsroom in washington with the details is the wall street journal's nick timorous nick given the kind of language used during the presidential race things seemed to be going pretty smoothly here that's right the president pretty firstly criticized the fed and janet yellen in the final weeks of last year's presidential campaign but things have taken of different turn uh during the first five months of his administration since taking office the president and his advisors haven't publicly questioned fed actions including the decision to raise rates in march and signals that the fed is going to raise rates again at the end of its two day meeting that concludes wednesday but you say it is seen as especially likely that yellen is going to be nominated again well it's it's just hard to tell i think with this administration so the white house is preparing to begin its search for the next chair of the fed.
"janet yellen" Discussed on Bloomberg Radio New York
"Come over your again korean come on i make the rules this chart was to kaplan of dallas this is the vector of inflation in bill gross has been dead on that were not right the court pc inflation is rolling over bill with this jobs report in with the twos ten spread under ninety beefs with yields coming in weaker dollar would you say even more so now the inflation is just not part of the debate in that gives janet yellen cover to winning the now who her path to normal yield paul well i i i'm not sure i understood the the the the two parts of that question but i think what it does for janet yellen is allow her to take can take to keep the fed funds level the neutral the longterm central fed funds rate a lower level and she would've previously there is a a contentious debate among fed officials as to what our star which israeli the real longterm fed funds rate what it is and at the moment it appears that it's less than zero and i think janet yellen will keep on keeping on and as long as financial markets in some areas of the economy did not show a bubble ish types characterised our you would just in your portfolio janice henderson i mean we've seen bill gross economy over the last two months i would suggest words bent a little bit disappointing from the enthusiasm how you ingested your portfolio well let's look at it this way from all as a class as tom so we know.