24 Burst results for "Jerome Pal"

"jerome pal" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:26 min | 11 months ago

"jerome pal" Discussed on Bloomberg Radio New York

"Coming out So it's hard for senators to say that they aren't doing something in response Yeah so there could be a focus today with avail brainard on how she'll do things differently or what will be the policies I mean I know we've had an announcement on that front How vulnerable then given the new policies in place how vulnerable are other members of the FOMC Well I think it's certainly an issue that's going to continue to get heightened scrutiny We know that there are still vacancies on the Federal Reserve board of governors that Joe Biden still needs to name some folks too I think part of why we're seeing a delay in that is this emphasis on ethics and the realization that there's going to be a higher level of ethical scrutiny and some of these nominees So I think it's going to continue to certainly be an issue but whether it's one that breaks through into the psyche of the typical American voter I think probably not that likely in the next couple of months at least Republicans likely to push back against Biden's nominees I mean that's what they're there for on Capitol Hill We've heard of calls from Jerome Powell brain on today It's all about confirmation hearings aren't they So our Republicans likely to push back against who Biden wants either while not maybe not these two but with others Well I think with Lil Bernard we're likely to see a bit more pushback I think some of the positions that she's taken when it comes to issues like climate change and things like that are going to potentially make her more vulnerable to some additional Republican resistance But it's important to remember that she's also someone that's been through this kind of confirmation process before had widespread support in the past Jerome pal is someone who is well liked by Republicans So I think that for those to at least they're likely to get not just the support they need the one vote majority they need to be confirmed but likely at least a decent amount of Republican support for both of those as well when they ultimately come to the Senate for a floor vote Kathleen thank you very much Kathleen hunter joining us with the latest on what's happening on Capitol Hill Of course we've heard then from Jerome Powell we'll hear from lael brainard a little bit later on about what's about we'll get that confirmation hearing Let us get some sports news then this morning for you And for that we go to Chris cave Southampton boss Ralph Hassan hotel has praised his players after their comfortable four one Premier League victory at home to Brentford the result means they've stretched their unbeaten run in the top flight to four matches and move up to 11th Hooter was particularly pleased after their FA Cup win at the weekend went to extra time Fantastic after a tough Saturday 120.

Federal Reserve board of gover Jerome Powell brainard Biden Lil Bernard FOMC Joe Biden Jerome pal Kathleen hunter lael brainard Chris cave Ralph Hassan Kathleen Senate Southampton Premier League FA Cup
"jerome pal" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:35 min | 1 year ago

"jerome pal" Discussed on Bloomberg Radio New York

"It's 5 30 on Wall Street good morning I'm Nathan Hager And I'm Karen moska where just about four hours away from the open of U.S. trading Let's get you up to date in the news you need to know what this shower S&P futures are little change this morning and I had the fed's final policy decision of the year The Central Bank is now weighing high inflation against the prospect of a spreading omikron variant Again more from Bloomberg's Vinny dal Judah's Bloomberg economics anticipates the fed will double the pace of on tapering and lay out a steeper path for interest rate hikes in today's monetary policy statement U.S. inflation data since fed chair Jerome pal's hawkish pivot is congressional testimony strengthens the case according to Bloomberg's chief economist Anna Wong Tuesday for example the Labor Department reported that producer price index posted a record annual increase almost 10% in November Any gal junis Bloomberg daybreak All right thanks Vinny And stay tuned for a fed coverage today on a special edition of Bloomberg surveillance starting at one 30 p.m. Wall Street time on Bloomberg radio and television In Europe this morning Karen we get policy decisions from both the ECB and the Bank of England That's coming up tomorrow Ahead of those statements another signed inflation is surging on the continent prices in the UK surge to the highest level in more than a decade in November exceeding a 5% annual rate Central banks contend with inflation Nathan there's also the omikron variant to consider and this morning the U.S. has reached another grim milestone in the fight against the pandemic We get the details live from Bloomberg's ready to young Good morning Renee Good morning Karen The U.S. death toll from COVID-19 has now surpassed 800,000 and more than 200,000 of those came since vaccines became widely available Health experts say many deaths were preventable currently just over 60% of Americans are fully vaccinated What we're learning this morning that one of the most widely used vaccines in the world the synovial vaccine does not provide sufficient protection against the omicron variant Studies on the Chinese shot show boosters will likely be necessary live in New York I'm ready to young Bloomberg daybreak All right we need to thanks turning to politics now the U.S. government is getting a big boost to its borrowing authority The House voted this morning to raise the nation's debt ceiling by two and a half $1 trillion This is designed to extend the government's ability to borrow past next year's midterm elections The measure now goes to President Biden for his signature And futures this morning S&P futures are little changed to Dow futures are higher up 37 and NASDAQ futures are down 35 Ten year treasury up one 32nd you.

Bloomberg Nathan Hager Karen moska Vinny dal Judah Jerome pal Anna Wong U.S. fed Central Bank Renee Good Labor Department COVID Karen Vinny Bank of England ECB Nathan
"jerome pal" Discussed on WTOP

WTOP

03:38 min | 1 year ago

"jerome pal" Discussed on WTOP

"New data this week shows inflation for consumers increased 6.8% in the past year the most actually since 1982 This morning CBS business analysts just messenger with her take You never want someone like me to say worse than four decades whether it's a stock market loss or inflation So you know these numbers are probably expected by most economists And I think it just reinforces what every consumer knows that it just feels like everywhere we turn We are paying more Specifically I think the real bad news comes when we go to fill up our gas tanks or when we buy food And so when you take the food and energy components out of the consumer price index it doesn't get much better though It's amazing It's just a broad based increase and in the core rate we're seeing the highest growth rate in inflation in three decades So it's not like there's any respite there So it's not great news It was expected It should get better next year but that doesn't do anything for you right this second Employers have been struggling with worker shortages So they've been raising wages but they've also increased prices to offset those higher labor costs which adds to inflation Again the only good part of this is that they are raising wages because of necessity And we are seeing wage increases occur more at the lower end Why is that important Because if you think about it if you're not making a lot of money a huge portion of your take home income would be going to food and energy and rent for example And so we need to see people who are at the lower end of the income stream And I'm really talking about anyone who's making you say less than 40 or 50 grand a year We need those people to be making a lot more than the four or 5% increase that they've seen year over year We need those people being at 7 8 9 10% and many of them are Now that said a lot of folks in the middle are getting squeezed because maybe they don't feel like they have the power I have to say that you really need to ask your boss for a raise if you think that you can't keep up This is incredibly important The power does lie with workers right now rather than the employers So I'd go ahead and try to take advantage of that as much as I could Some economists are hoping that inflation will peak in a few months and then gradually ease does the fed agree with that and what do you think is going to happen in the next few months Well listen we are likely to see and flip the pace of inflation start to taper off That doesn't mean that it's going to be like oh we're going back to the low prices pre COVID That's not happening And I think the fed is going to meet for its last meeting of the year next week And this is vitally important It's like the last big data point before the end of the year Already fed to your Jerome pal Has told Congress that the fed is going to stop buying bonds much more quickly than they initially anticipated If the inflation numbers don't start to retreat more quickly the fed could stop buying bonds as early as the first quarter of next year And that really does pave the way for short term interest rate increases Now there's nothing bad in that but be clear when those interest rate increases occur if the market doesn't expect it as quickly as it's going to happen You could see a fallout and it could slow down economic growth So there's a lot of balancing fed officials really need to do as they come into this very important period of the recovery CBS.

CBS fed Jerome pal Congress
"jerome pal" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:41 min | 1 year ago

"jerome pal" Discussed on WNYC 93.9 FM

"Provide a significant tailwind However firms are still struggling to find workers in the sector And the sector is also quite vulnerable if there is a resurgence of the pandemic And we certainly saw that over the summer with the delta wave We don't know if amaran will be similar But if like delta it causes a spike in infections and hospitalizations Well that's likely to cut into both demand for workers and the number of people who are willing to work Okay Meantime the unemployment rate has dropped pretty sharply but there are still a lot of people who aren't working explain how that's shaking out Yeah unemployment fell to just 4.6% in October but there are still nearly 3 million people who dropped out of the workforce during the pandemic who have not come back Some of those are older workers who simply retired Others are waiting for improvements in the health outlook or maybe they're busy looking after family members Well I don't have to tell you some people have just taken this moment to reassess what they want to do with their lives Whatever the cause though a lot of people are not working or looking for work right now and nothing wrong with that but Federal Reserve chairman Jerome pal told the Senate committee it does pose a challenge for the broader economy We all thought there would be a significant increase in labor supply and it hasn't happened So you ask why there's tremendous uncertainty around that but a big part of it is clearly linked to the ongoing pandemic Now Paul says he doesn't expect the new omicron variants do anything like the damage that the job market experience during the first wave of the pandemic back in the spring of 2020 But it is certainly possible it will drag out the recovery and keep more would be workers on the sidelines longer If so the fed chairman warns that could just add to the supply chain bottlenecks that have already helped push inflation to its highest level in more than three decades How worried is the Central Bank about inflation Japan has colleagues are starting to sound a little bit more worried Many observers think the Central Bank will raise interest rates earlier next year than had been expected in an effort to keep a lid on rising prices up until now the fed has been willing to tolerate somewhat higher inflation in hopes of fostering stronger job gains But as the recovery drags on pal is starting to rethink that balancing act To get back to the kind of great labor market we had before the pandemic we're going to need a long expansion to get that we're going to need price stability In a sense the risk of persistent high inflation is also a major risk to getting back to such a labor market In other words Paul is suggesting there doesn't have to be a tradeoff between.

Jerome pal fed Senate committee Central Bank Paul Japan
"jerome pal" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

06:26 min | 1 year ago

"jerome pal" Discussed on WNYC 93.9 FM

"Provide a significant tailwind However firms is still struggling to find workers in the sector And the sector is also quite vulnerable if there is a resurgence of the pandemic And we certainly saw that over the summer with the delta wave We don't know if amaran will be similar But if like delta it causes a spike in infections and hospitalizations Well that's likely to cut into both demand for workers and the number of people who are willing to work Okay Meantime the unemployment rate has dropped pretty sharply but there are still a lot of people who aren't working explain how that's shaking out Yeah unemployment failed to just 4.6% in October but there are still nearly 3 million people who dropped out of the workforce during the pandemic who have not come back Some of those are older workers who simply retired Others are waiting for improvements in the health outlook or maybe they're busy looking after family members Noelle I don't have to tell you some people have just taken this moment to reassess what they want to do with their lives Whatever the cause though a lot of people are not working or looking for work right now and nothing wrong with that but Federal Reserve chairman Jerome pal told the Senate committee it does pose a challenge for the broader economy We all thought there would be a significant increase in labor supply and it hasn't happened So you ask why there's tremendous uncertainty around that but a big part of it is clearly linked to the ongoing pandemic Now Paul says he doesn't expect the new omicron variants do anything like the damage that the job market experience during the first wave of the pandemic back in the spring of 2020 But it is certainly possible it will drag out the recovery and keep more would be workers on the sidelines longer If so the fed chairman warns that could just add to the supply chain bottlenecks that have already helped push inflation to its highest level in more than three decades How worried is the Central Bank about inflation Yeah pal has colleagues are starting to sound a little bit more worried Many observers think the Central Bank will raise interest rates earlier next year than had been expected in an effort to keep a lid on rising prices up until now the fed has been willing to tolerate somewhat higher inflation in hopes of fostering stronger job gains But as the recovery drags on pal is starting to rethink that balancing act To get back to the kind of great labor market we had before the pandemic we're going to need a long expansion to get that we're going to need price stability In a sense the risk of persistent high inflation is also a major risk to getting back to such a labor market In other words Paul is suggesting there doesn't have to be a tradeoff between the feds two goals maximum employment and stable prices Maybe you need to have stable prices if you want to get back to maximum employment That's interesting And Pierre Scott horsley thank you Scott You're welcome The discovery of the automotive variant of the coronavirus in the U.S. is raising questions about whether it will be saved to travel for the upcoming holidays with Christmas just three weeks away As NPR's David schaper reports that's brought worries to the airline industry which was just starting to turn the corner toward recovery Did you travel for Thanksgiving If so you know you were not alone Airlines had their busiest weeks since the pandemic began And the industry had been preparing for a very busy December too With airlines ramping up hiring and some offering employees incentives to work extra shifts to accommodate and increase in passengers But now with the emergence of the omicron variant it's here we go again As many would be holiday travelers are rethinking their plans Our biggest concern of course with what's happening now with the new variant And it's just getting a little risky Bam Van Dyke and her husband Barry had played to take their two kids and their families to Mexico to celebrate their 50th wedding anniversary last year But the pandemic forced them to postpone to this December And now she's dreading the thought of postponing again We're ready We're all ready Everybody's ready for a real vacation away from home But not putting everybody at risk Doctor Robert Murphy Professor of infectious diseases at northwestern university's feinberg school of medicine says while the omicron variant is concerning there's not a lot known about it yet He says those without underlying health conditions don't need to cancel travel plans yet But they should be ready to hit the pause button We'll know a lot more in the next two weeks And if this comes out like we think it's going to come In other words it's just more contagious and it's not a worse disease And if you're vaccinated and boosted that if you do it infected you get too sick I think travel could be pretty safe very soon Well it dozens of countries are imposing new travel restrictions to try to slow the spread of the omicron variant the U.S. among them with the Biden administration now requiring proof of negative COVID tests for all travelers coming into the U.S. within a day of their departure It's also extending the mask wearing mandate and airports and onboard planes into March Such restrictions could have a chilling effect on air travel Well you know it's one more headache you didn't need hopefully and you hope to avoid Robert W man is a former airline executive who now works as a consultant for an industry reeling for nearly two years now even though it just had its best weeks since the pandemic began It's a continuation of the theme we've seen since the beginning which was you know two steps forward one step back or sometimes two steps back But we'll make it through this We understand how to deal with it a lot better than we did initially While bookings for future travel are starting to slow man says holiday travelers tend to book far ahead of time and most haven't been canceling travel plans just yet But he says the Alma cron variant does cast a pall of uncertainty for airline executives planning for next year And their decision has to be how much capacity am I going to risk scheduling in 2022 for the spring and summer mostly Because that's what everyone hoped we would be out of the soup and into the black again But I think there's still some concern is that this may once again delay that recovery process Citing the World Health Organization's advice at blanket travel bans will not prevent the international spread of COVID airline and travel executives are urging governments globally not to institute what some call panic driven travel.

Federal Reserve Jerome pal Central Bank Pierre Scott horsley David schaper Noelle Senate committee Paul U.S. Robert Murphy Biden administration NPR Van Dyke feinberg school of medicine Robert W man Scott Airlines northwestern university Barry
"jerome pal" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:28 min | 1 year ago

"jerome pal" Discussed on Bloomberg Radio New York

"Hepburn Welcome to blue beg daybreak here at this morning where in a moment I'm going to talk about how to measure ESG Everybody everyone wants to be an ESG investor taking into account the environment and social and governance issues but how can you with the difficulty of comparing and contrasting different company reports Daniel Clarke the president of arabesque will be joining me on green finance in a moment Let's go to the markets though before that during Powell's hawkish tilt means that a US Treasury yields rose about three basis points yesterday You continue to see yields gaining this morning in the U.S. up by one and a half basis points on the ten year benchmark Curves also flatter Money markets now estimating 50 50 chance that the fed will hike as early as May and then 60 basis points of increases by the end of 2022 futures are stronger this morning quite interesting given that European stocks declined to the lowest level in 7 weeks yesterday your stock 50 futures up by 6 tenths of 1% We just half an hour away from European trading S&P 500 even if it's also up 9 tenths of 1% The Bank of England policymaker Catherine Mann saying the emergence of almiron could hurt demand a confidence here in the UK so I'd taken note of that the pound at one 33 20 is up by tenth of 1% Okay I'll leave it there in terms of where we are in the market Let's go to a bit more detail there about Jerome Powell because this is a prospect that they really have not had in three years a hawkish Jerome pal In testimony to the U.S. Congress the fed chair acknowledged that inflation is proving more powerful and persistent than expected and it could justify ending asset purchases by the fed Sooner than plants pal suggested it may be time to retire the word transitory markets took it as a clear signal the fed is shifting too tight at monetary policy Meanwhile here in the UK the COVID booster vaccine program is being turbocharged As NHS England issued detailed guidance to health staff about how to get more jabs out to adults Boris Johnson said that temporary vaccination centers will be popping up like Christmas trees and that 400 military personnel would help the effort He set out his goal for the booster rollout The target that we've set ourselves is to offer a booster to everyone eligible by the end of January But Boston's insistence that there are no immediate plans to ask Britain's superb their socializing or for them to work from home means that he is at odds Jenny Harry's who's the head of the UK health security agency That's the body that replace public health England She said that people should avoid socializing when they don't have to in the run up to Christmas And just lastly a word on Turkey the president Recep Tay Erdoğan says that the country's interest rates will continue to fall He told the state broadcaster TRT that cheaper money will boost manufacturing and create jobs and slow consumer inflation that is currently running in Turkey at four times the official target of 5% and he said that the currency will eventually strengthen Now his pledge put the Turkish Central Bank in an awkward position after monetary policymakers said that they would assess ending interest rate cuts as early as December the lira hit a fresh record low yesterday but actually has rebounded somewhat this morning certainly against the U.S. dollar Right those were a few of our headlines Let's look briefly get the global.

Daniel Clarke fed Catherine Mann almiron Jerome Powell Jerome pal arabesque Hepburn COVID UK U.S. Powell Bank of England U.S. Congress Jenny Harry Boris Johnson England Recep Tay Erdoğan S
"jerome pal" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:59 min | 1 year ago

"jerome pal" Discussed on WNYC 93.9 FM

"Mostly sunny with a high nearest 68 today and most like body deny with a lower round 54 so it's going to feel very much like fall once again and especially this weekend Saturday partly sunny and in the low 60s and then cool yes chilling Saturday night and then Sunday sunny with a high near 6th Right now 63 and mostly cloudy in New York Central Park It's 5 45 This is NPR news I'm Steve with Scott detro the Federal Reserve is adopting some strict new rules after an outcry over stock trading by top officials there This involves active trading by a couple of regional fed bank presidents in Boston and Dallas and PR Scott horsley is our chief economics correspondent in discovering this story Scott good morning Good morning Steve You know I hadn't even ever thought about this but I guess you know bank members have portfolios but I'm still surprised to hear them doing this trading What happened When reporters study the financial disclosure forms that many fed officials are required to file each year they found that two regional fed bank presidents had been actively buying and selling stocks and other securities during the pandemic in particular as you mentioned the head of the Dallas fed Robert caplan traded millions of dollars in shares of companies like Amazon and Delta Air Lines They had the Boston fed Eric Rosenberg traded smaller amounts of securities that were tied to real estate And all this was happening at a time the fed was pumping trillions of dollars into the economy and while both men argued their trading was not a violation of existing ethics rules of the Central Bank the chairman of the fed Jerome pal acknowledged it was not a good look No one is happy to be in this situation to be having these questions raised It's something we take Very very seriously Now since then the two regional bank presence have retired and pal promised that the fed would adopt more stringent ethics policies that's now what's being rolled out It sounds like this is yet another of these areas where there was a norm that people would have observed but there was not an absolute rule Now it sounds like more of a rule What's it going to do Well there were rules but they're now stricter the new rule limits what and when fed officials are allowed to trade It applies to both officials here in Washington and the regional fed banks They are barred from buying individual stocks They're also prohibited from holding individual bonds and anything tied to government backed securities Officials can still have broad based investments like mutual funds but they're required to hold them for at least a.

Scott detro Scott horsley fed Robert caplan Steve Eric Rosenberg Dallas Boston Central Park NPR fed Jerome pal Delta Air Lines Scott New York Amazon Central Bank Washington
"jerome pal" Discussed on The Property Couch

The Property Couch

03:55 min | 1 year ago

"jerome pal" Discussed on The Property Couch

"Sadly we're still saying two hundred forty one thousand people dying from this pandemic but the news series in terms of global case fatality ratio. We are now down at one point six and that's because vaccines and also improves therapeutics. That are being administered for those people who've been fortunate unfortunate to catch bars now in comparison to the australian case fatality ratio. In the last twenty dies we have that data point six of one percent now if we look at out title affability case ratio. It was sitting at one point. Two will thereabouts. Basically i the coal so the full pandemic so we've been night to effectively get a fifty percent improvement on that as we've been rolling out Beta on health measures including the backside. In old side is therapeutics. Now why is this important while. Oil is looked at some of the leading economists spice and and what we do now is gloriously. All economists nanny defect during the pandemic impact and the healthy impact associated with that in terms of what. That's gonna do. The paper win people movement. So i looked at bill evans's economic update from the west that group and it's a clear argument that he looked at. He's basically looking at signed. The empirical data around vaccine reduces hospitalizations which ultimately reduces those death rights. So you will continue to say the assumption that politicians will continue to take the health of voss and that health and boss will bicycling be talking about lockdowns all social distancing or other types of measures that do reduce our freedoms in the if it aside lives and also make sure that health health systems can sustain a potential surge as we start to move with leading so bill and he's westpac economic modeling chain. I suggesting that vaccine right shari's above Is where we will stop the say. Less impact in terms of economic impact. Sorry what he's arguing us if we don't get to those high numbers we continually monster vice risks of a health system the count in the short term coug and that will ultimately mean that the government's die will have no choices but to continue with ongoing restrictions and that ultimately means that will save more. They told stop start measures in the economy and that will not our economy will be choppy and that will also impact on jobs and future economic growth. And so that's why. The keyboard stories still remains the biggest story tonight. Any say that as we look at some of the data moving through the numbers. So let's take a look now at the two biggest world economies in what's happening in particular market. Sorry jd pay out of the us. We did say the third in fond list of the second gordon. Jacob started the economy Annualized six point seven percent over the cooler. And that's a great That's a real pop but you votes. I gotta remember that. That's coming off allow obese lock every other country from twenty twenty where we did say the real heat. A serious impact of the pain dominican terms of economic In terms of the stimulus story. Sorry throughout the cool all the pandemic regulators Such as jerome pal Jay has introduced a stimulus around buying bonds and so forth. And now they're talking about the type ring of stimulus options into the end of this year and then closing the bond buying program the twenty twenty two now. He is coleslaw optimistic about the us. Economic outlook stating that. He was quite positive in the medium to him however they still read writes new. Tim outlook is clouded by uncertainty because the delta striking and supply constraints heels reinforced these expectation..

bill evans voss shari jerome pal Jay government Jacob gordon us Tim
"jerome pal" Discussed on KQED Radio

KQED Radio

01:36 min | 1 year ago

"jerome pal" Discussed on KQED Radio

"Have been like to a week. And all of a sudden they all showed up at once. All of this creates cost and headaches for businesses that had grown accustomed to reliable just in time delivery. Federal Reserve Chairman Jerome Pal says he and his colleagues have been surprised at how much prices have increased as a result, But PAL expressed confidence the bottlenecks won't last forever. Prices like that. They have moved up really quickly because of the shortages and bottlenecks and the like. They should stop going up at some point. In some case, you should actually go down. The bio administration has created a task force to address the most urgent shortages like computer chips, Brian Deese, who heads the president's National Economic Council, so the task force will also look at building more resilient delivery networks for the future. One of the things that pandemic exposed is just the degree of vulnerability we have across our supply chain. As pandemic fears decline and we're able to spend more of our money on travel and entertainment. Americans are expected to dial back our purchases of stuff, but that's likely to take a while. The busiest months for the port of LA or usually around the back to school and holiday shopping seasons. Director Soroka says it's likely the early next year before cargo volumes shrink back to normal. Horsley. NPR NEWS Washington.

Brian Deese National Economic Council Horsley Soroka NPR NEWS Jerome Pal LA Federal Reserve One early next year PAL Washington things Director Americans week Chairman
"jerome pal" Discussed on KDWN 720AM

KDWN 720AM

07:49 min | 1 year ago

"jerome pal" Discussed on KDWN 720AM

"First news with Macrae And good Thursday morning. America's first news continues on this 29th day of April, a F and markets this morning, New York City Mayor Bill de Blasio announcing a full reopening for New York City. On July of first quote, This is going to be the summer. Of New York City. I guess not so much the summer of George, Let's bring in Christmas ace, the chief investment officer automatic. A research rate is still the everyday noise around us in tow. Their investment ideas and indices and co authors. The daily Markets note for the NASDAQ and Co. Manages Several portfolios for the ST Chris Mercedes. Good Monday morning. Good Thursday morning. I'm sorry. Very unit time work there. Matt Ray, what's going on this morning? You know who knows The day's going tonight and next week. Whatever it's going to get better, it's going to change. As you said New York City is opening the end is in sight, My friend. The summer of George. Yeah, The end is in sight. Well, your reaction in New York City re opening Uh, you know, My initial gut reaction is great. My second reaction is who's going to go? Yeah, so it you know it. Lot of the time we get news whether it's for companies or you know other events. Shall we say that on their face seem very, very exciting, very, very positive, but began the devil's in the details and You know, I'm more encouraged by the fact that I think JP Morgan is gonna start bringing people back into Manhattan on a rotational basis in late June early July. To me that gives a little more credence to Eyes, The quote Summer of George of the number of New Yorker. Whatever it turns out to be encouraging travel back into the city. Let's talk about the devil in the details here and Fed reserve terror. Jerome PAL, he said. It will take some time before the Feds satisfied with economic progress, Chris We've heard this since my first since 2008. I mean, how long given the persistent high unemployment and rising long term inflation expectations. Well, that That's what the Fed is focused in on which is, you know jobs, which is kind of interesting because usually they're more focused in on it place and we were the we have seen. Whether it's you know, lumber prices, uh, there in the marketplace, food prices, You know, I've talked about her potential price increases that have been announced from, you know, a portly Procter and Gamble World. Poole's family, Black and Decker and others. We know that there is pricing. You know, the good is going to be put through. I think the big question Perhaps what the Fed is thinking is well, we know price increases get announced, but how sticky How realized, are they Perhaps that's what they're waiting to see, Um, like we're gonna remain data dependent. I think the reality is that we're gonna have to closely monitor the fence language at every additional monetary policy meeting they have and at Jackson Hole, which is the annual monetary symposium that tends to happen later in the summer. Uh, GDP. What are we looking for? Today? Obviously pick up in activity. Yeah, obviously a pickup in activity. Chris, What do you want? What are you looking for? Well, it look, we know it's gonna be a big number to me. What I want to see is some of the things that we were just talking about. What? What are those non headline indicator is going to tell us About not only the march quarter, but like a lot of other economic like the data that we tracked. How does it set us up for the current quarter? Because when you look at those expectations, there's a sharp drop. This is by the Atlanta Fed. The New York said that those types of institutions yet The other data that we're getting whether it's truck loadings world are loading some of the other economic indicators like P m my data. It suggests that the forecast number is gonna have to come up. So I'm looking for contribution more about the current quarter than anything else. Well. Ford is expecting a terrible current quarter a half of what it earned in the first quarter here. 3.26 billion, which shattered and expectation well beyond expectations. First. What did four do right, Chris? Other than releasing the Mustang at and how is this? Tip short is going to hit them in this quarter. Go ahead. Sure. I don't know how much for did right. I say that because Volkswagen reported this morning that their march sales were up 53% year over here. Remember, things were easier because a year ago is when we really started to see the impact of the pandemic. So what's gonna be interesting not just with Ford and auto companies but with a number of other ones. Face very, very easy comparisons. Comparisons for the March April May June compact aunt's right. So, like restaurant stocks like Chipotle, a McDonald's stuff they they should deliver blowout. You're over your comparison. Just because, Hey, we're hoping and we figured out other ways to conduct business with four, though The real key here is that they see the current auto chip. Shortage papering by the end of the current quarter. To me with that, says Matt is, it's really tied to a fire that went on at Renaissance Electron IX. Which shut down one of their fans, which is a major major auto chip company supplier. Opportunities for an XP, semiconductors and others. And I think those companies will come out stronger as a result. What is it Tell you? What does it tell you? Netflix is new Place something Shuffle feature. I, as the verge puts it is here to solve your movie night in decision but go deeper into this, Chris. Netflix is attempt to be on 24 hours a day in your household. Um So here's my dilemma and what I think they're trying to fix after watching so much stuff right and knowing that their slate is not very robust in terms of new content, the next two quarters or so they're trying to foster people to stick around and discover other content. Right. Look, you know it. I know it After binging so much. You're like What? The bleep. Um I'm gonna watch now, so I think they're trying to keep you hooked. So you don't cancel in the interim, because, remember, there's no penalty to cancel on that. But Are we seeing in the United talk about theaters all the time. But are we starting Tol really see the significance of this? Not only with the drop in Oscar's ratings we those were declining pre pandemic but showing itself Chris. A lot of people said they weren't even aware of Some of the new releases that were coming out. You mentioned all the platforms. A lot of people have all of the platforms. There's nothingto watch, are we Are we kind of experiencing the importance of theaters right now, Through all of this. To the movie industry of movie theaters. So you know, I think There aren't any trailers there. There's not any appointment. I want to go to the movies on Friday, you know to see this. Well, here's your spot on. You have no idea what it's saving is coming. No one is paying attention. Yeah, and I don't think it's gonna be until You know, perhaps, uh Gun, too, and some other blockbusters air going to heavy promotion mode that people will be even become aware of what's going on at the box office because even other movies like Disney and Black Widow Day, Kate Right. They're going to release it really with a premium on Disney. Plus, so I don't think anybody expects anything out of the movie industry.

Matt Ray Volkswagen Jerome PAL Chris Manhattan Chipotle 3.26 billion Friday Procter and Gamble World Matt march quarter Ford NASDAQ next week Atlanta Fed Thursday morning 53% Black and Decker Netflix Black Widow Day
"jerome pal" Discussed on Talk Radio 1190 KFXR

Talk Radio 1190 KFXR

06:12 min | 1 year ago

"jerome pal" Discussed on Talk Radio 1190 KFXR

"And the movie will in fact, start here in seven minutes. Looks like the Dow's about 60 points is where I think we're headed here. The NASDAQ Down about 20 this song. Very normal stuff. I told you this yesterday morning. Still a believer in it today. I think the market is just has hit the pause button for just a minute here because the power of Jerome Pal Is the head fed guy is pretty big, and there's some concern that he will say something that will spook this market. S o. I think the fresh capital that might have normally been put the work is sitting aside to just kind of see where see where this goes at the moment. So it will see, By the way I want to correct something I think I said earlier. I think I said that the press conference was that one That's at 1 30 is when the announcement comes today. I always get confused at one or 1 30 on these Fed meetings. But it is 1 30 today when we'll get the announcement and then shortly thereafter, chairman Powell will have his press conference and that's when all the questions will come. I am the real market movement. If there is any will, then you will probably see that somewhere in the you know 1 45 2 to 15 central time if there's a response You happen to be sitting around and keeping up with such things? And you see some sharp zigs and zags than that? That's probably going to be what drives we do have news coming to that. Believe Apple reports today. Who else is it that comes after the close? There's a rash. As it were of the big techies. Yesterday was what Microsoft and Alphabet Today's apple. I think tomorrow's Amazon. So again, nobody is selling any of these things. I'm just pointing out. These are big names that can have an effect on what markets do. We've seen it so often you may remember last year became kind of a popular story for a period of time that there were five or six. I think it was six. Names that made up about 20% plus actually of the S and P. 500. So some of these earnings stories it's really easy to see. What? How they're maneuvering or how they're moving various markets. Okay, A 25. I gotta move along here got much to do. Um, Jerome, Pal. Has been in the spotlight, right? And we all know is rolling shop. But he was crossways with former President Trump. Now, Many are trying to speculate about whether or not he will be rough, bringing renominated 1st 2nd term. And if we've been paying attention, okay. Many have to the words of new President Biden. Kind of trying to figure out is you gonna reappoint pal or not? Now we've heard the president say President Biden. I'm speaking, of course. That he has some substantial that's right. Substantial disagreements with some aspects of Fed policy. That leads one to wonder. Is he going to be in charge, and this is an important job. It's not just an important job because its head of the Federal Reserve, which dictates monetary policy in this company, and as well All of us should know by now monetary policy can be a savior. It can also be the dark cloud. We've seen this depending on what the Fed does, and there have been times I'm not pointing a finger at any president. Again. I've been sitting in this chair for a number of different presidents. Okay, But there are times when This store policy. Doesn't seem to do the job and monetary policy has to step in and carry the ball. By the way, we've heard a bit of whining from past fed governors on this front. Janet Yellen kind of winked at that. Ben Bernanke kind of winked at that. This is whoever's leading the Fed really wants there to be fiscal policy that's supportive of a lot of the issues that make an economy better. I don't want it all have to be free money and cheap money. So whoever is Driving the Fed is a really important chair. So Go back to April. The Fed survey for April 76% to CNBC Fed survey for April found that 76% of respondents Believe that Biden will choose pal again. Now The term is four years in the term started in 18, and it ends early next year. So this is not on top of us now, but it's coming. Right markets are big discounting mechanisms. We know that by the time news hits often in the world of stock markets, at least that news has been discounted. We've already factored it in. Now. There are those 18% of there were only 34 Respondents, but 18% of them thought that, uh, President Biden might choose someone else. That's interesting to me, because if he worked to do that, I want to know who the candidates are. Again. Monetary policy is right down the middle of the fairway for someone like me that manages money. I want to know who it is. I want to know how they think I want to see what they've done in the past. I want to know their history. I want to know what's coming if I can Leading governor, leading candidates by the way. Women Fed Governor Boiled Brainard. Economic badger, Jared Bernstein. Mm. Here's one for you. Not only do so many people think Biden's gonna just turn around and re nominate pounds. 82% of the survey said he should I will.

Janet Yellen Ben Bernanke Jared Bernstein Microsoft Jerome Pal Amazon April CNBC five 18% Jerome Apple today tomorrow last year six Alphabet 1 30 82% apple
"jerome pal" Discussed on 860AM The Answer

860AM The Answer

05:44 min | 2 years ago

"jerome pal" Discussed on 860AM The Answer

"Other news this week in the category of more subtle was word of the federal Open Market Committee meeting and deciding no surprise there to leave the overnight lending rate exactly where it is and this moment certainly, as we continue to see the vaccine for covert 19 roll out, it seems to be many weeks if not many months. Might it even perhaps Danby the year before we really see Ah, full sense of enough Mo mentum in the improvement of American health to then begin to impact subsequent improvement to the health of America economically, particularly on Main Street. And so, Fed chairman Jerome Pal announced not at all surprised whatsoever. If anything, we've seen a lot of the market over the last several weeks. Driven by more and more promises coming out of the new Congress to provide additional support money to help us get over this pump. Yeah, there's going to be talking stimulus. I think for quite a while here, the administration's looking to pass something I think as soon as possible. If they had it their way. You know, whenever this relief bill whatever it ends up being gets past, the natural thought for most is that they will move on to the next step, which is potentially some kind of infrastructure Bill, And so you know, we talked about this before. You have to kind of put that in tandem with what the Fed does because these air all positive for stocks share prices on they have been, you know, evidenced by how the markets ended last year with with, you know, Way last year was a global pandemic and record job loss and on down the list, But you know when the Fed keeps interest rates low that's bullish for housing, Biggest sector and the American economy. Money is cheap businesses can borrow. It can hold debt. And use that for business purposes that you know at reasonable costs. And so that Coupled with the stimulus and all the other programs that are going on our really propping up stock prices to where they've been recently and you know, potentially higher. Going forward. Now there is, I believe pent up demand to travel to do a number of other things that we haven't done for so long. And, you know, hopefully this vaccine gets into the arms of most Americans, and it gets there quickly because I think the consensus is that when that happens, we're going to see a return to travel. We're going to see a return. A lot of the different aspects of everyday life that are bullish for the economy. Would you anticipate the Fed to continue throughout all of 2021? This sort of low key QE will call it and they have been purchasing on average about $120 billion of assets every month. Can you anticipate that continuing through the bulk of this year? I think so. I think there really aren't many reasons to believe otherwise. You know, it's it's kind of like a like a patient where you're monitoring them with pain medication, and any time you know, they say it. I'm not feeling great. Then you push the button and Next thing you know, they're feeling great, And that's kind of how the markets have worked here. With the Fed, pushing their button interest rates have remained low. The feds come out in over the last year and most notably said, We look at interest rate policy based on what's happened. Over last quarter. Typically in the federal Open Market Committee is they look at recent numbers and that formulates you know the decisions that they make going forward to raise or lower or keep interest rates unchanged. But what they've said now is that instead of looking at just recent data, they're going toe average in data, so even if the last quarter So above average inflationary numbers, which would normally cause the Fed to increase interest rates a little bit. They're going to take that above average last quarter average it out over the last handful of quarters, which will obviously take that number on average, even lower, and that's how they're going to Make the decision of whether or not to change interest rates moving forward so as accommodative as you can get, I don't see it changing at any point here in the near future that remains to be seen. But I think all things point to rates low stimulus, plentiful kind of stand on the path that we're on. Until we can get past this. This vaccination final question for you, then some look at the current state of the economy and sort of like it into an anxious horse at the starting gate. We've seen all this drain and strain on the economy because of the impact of covert stay at home orders. Certainly it's been tragic. The experience felt by so many on Main Street, Even his Wall Street continues to surge ahead. But if there's that sense of a lot of cash by the sidelines, pent up excitement now we begin to see successful rollout of the vaccine. If some of the predictions hold true by year's end by the end of summer, maybe we could see the entirety of America vaccinated. Well on its way back to recovery. Could we be setting ourselves up for something similar that happened at the last round of twenties. This case, the 19 twenties when coming in off the heels off World War one. Pandemic. Then, of course, being the Spanish flu and then seeing this huge surge taking place across America. We saw GDP growth of nearly 17% numbers We've never seen certainly since that time, but with all of this pent up potential enthusiasm here Waiting to get the bulk of covert 19 behind us could would be setting up the stage for a new type of roaring twenties..

Fed Open Market Committee America Mo Jerome Pal Congress chairman Pandemic
"jerome pal" Discussed on Biz Talk Radio

Biz Talk Radio

08:43 min | 2 years ago

"jerome pal" Discussed on Biz Talk Radio

"67363 11 10, by the way, Consumer Price Index increased a little bit, so consumer prices are up. Look I just wanted to let me just reiterate something to you that I think I said yesterday. Whenever there has been a change in a regime. To socialist Marxist communist regime. The speed in which everything changes. Has always been Like a warp speed. Astounding leaf fast. This is not gonna be any different. So oil prices continue to rise. Other commodities continue to rise. Now we have consumer price index continuing to rise. That would be ah, lot to do with gasoline. Yes, I got that. That's a given. So remember, gasoline is a retail item. And it will drive the price of consumer prices up. And I would tell you this that if we continue to see this over the next five weeks, we're going to start to see The some very interesting statements coming out of the Federal Reserve because I'm gonna start panicking. Ah, little bit. And they're gonna have to be very careful. There's not a lot they can do. There's not a lot they can do. They don't have a lot of ammunition. But they say there's a lot they can do. They better start thinking about doing it. Because I've been saying this since 2000 and 10 when I used to laugh at the arrogance of Ben Bernanke. And the arrogance that I laughed at most of the time was his arrogant approach to inflation. He actually believed that inflation was nothing to worry about. He actually believed that he had the power to control inflation. And I used to say poor Ben. He's It's so sad to see somebody such a brilliant academic to be so clueless about the reality of what is going to make the clock tick. And if he thought he was going around up that horse once it was left out of the born he was living in some kind of fantasy world, And I always said about Ben Bernanke. He if he would just take his nose out of the textbooks long enough to put his ear to Main Street he before better off. Far better Federal Reserve chair So We'll see. How long it takes. Before this federal Reserve chair. Start to get a little concern. I don't think it's going to take long for Jerome Pal. Jerome Powell has been one of them most brilliant Federal reserve chairs that we've had I don't mean to him necessarily. I mean his actions. His actions have been amazing. So we'll see. But right now we saw an increase off almost a half of 1% over last month. That is A pretty significant number. Now I want to say something when we look at consumer Price index remember? We Don't care. Back Core CPI I we care about the headline number. We don't care about core. Because what core CPI? I does it strips out energy and food, the two things that we consume the most up. So And speaking of consuming the most of Let me remind you We've got gasoline prices going up that is hurting. The CPI I number Right? Because people are spending more for gasoline. You understand as oil prices go up. That dramatically impact Your utility bill. Night gas was up 3.5% yesterday. It's wintertime. So for those of you who live in the northern part of the United States. Your utility bills are likely to go up if we continue to see this pattern. That, too, will enter into core CPI. I So it hasn't trickled up yet. In a big way to utility bills, but it will So let me paint for you a picture. We have gasoline prices going up. We have food prices going up. Why're food Prices going up? How does food get to the grocery store? The soul trucks. They're filling their tanks with much more expensive diesel fuel. Cost more money. That's just one reason but there are other Things that are creating. Mork cost. For producers and the middleman. So That's happening. We could be in an environment Let's just say for conversation's sake, it's on Lee. 50% of Americans. It won't be. It will be much more like 75%. But I'm just saying, Let's just say it's 50% because the other 50%. They don't care right because they can't wait to be a Marxist or Communist regime. Because they're going to get everything for free. That all of us will be paying for by way of higher taxes and, of course fees. So they don't wanna call taxes because they said they were going to raise taxes. So their charge fees on you putting money in your checking account, or you writing a check you withdrawing money using your credit card financial transactions that will be a fake. When we didn't say anything about fees, we said taxes. It's a tax So That 50% that I'm talking about. What are they going to do? They're gonna hunker down. They're gonna hunker down like they did in 2000 and nine and 10 and the end of 2000 and eight. Of course, 8, 2009 and 10. They're gonna hunker down. What do you mean by hunkering down? It means they're going to kind of freeze. They're gonna say you know what? I have no idea what's gonna happen? I don't know if I'm gonna have a job tomorrow. I don't know if I'm gonna be able to afford health care until it ends up being free. And if it ends up being free, I don't know if I'm gonna want it. And if I do want it, I gotta have some cash in order to pay for things that I want to do. Whether the government tells me I need it or not. People are going to start hoarding. And hunkering down. They're not gonna be out Spending money just case we forget. We are consumer driven nation. The reason why President Trump had the greatest greatest Years in the economy in the history of the nation was because he instilled such unbelievable consumer confidence, consumer sentiment and business sentiment. An enormous amount of that, which is the very thing that makes our economy go around. So that's what happened. Now we get the opposite of that were fear. They're gonna hunker down even if just 50% off. Americans do that. The other 50%.

Federal Reserve Ben Bernanke Federal reserve Jerome Pal United States Jerome Powell President Trump Lee.
"jerome pal" Discussed on Biz Talk Radio

Biz Talk Radio

07:53 min | 2 years ago

"jerome pal" Discussed on Biz Talk Radio

"67363 11 10, by the way, Consumer Price Index increased a little bit. So consumer prices are up. Look I just wanted to let me just reiterate something to you that I think I said yesterday. Whenever there has been a change in a regime. To socialist Marxist communist regime. The speed in which everything changes. Has always been Like a warp speed. Astounding leaf fast. This is not gonna be any different. So oil prices continue to rise. Other commodities continue to rise. Now we have consumer price index continuing to rise. That would be ah, lot to do with gasoline. Yes, I got that. That's a given. So remember, gasoline is a retail item. And it will drive the price of consumer prices up. And I would tell you this that if we continue to see this over the next five weeks, we're going to start to see The some very interesting statements coming out of the Federal Reserve because I'm gonna start panicking. Ah, little bit. And they're gonna have to be very careful. There's not a lot they can do. There's not a lot they can do. They don't have a lot of ammunition. But they say there's a lot they can do. They better start thinking about doing it. Because I've been saying this since 2000 and 10 when I used to laugh at the arrogance of Ben Bernanke. And the arrogance that I laughed at most of the time was his arrogant approach to inflation. He actually believed that inflation was nothing to worry about. He actually believed that he had the power to control inflation. And I used to say poor Ben. He's It's so sad to see somebody such a brilliant academic to be so clueless about the reality of what is gonna make the clock tick. And if he thought he was going around up that horse once it was left out of the born he was living in some kind of fantasy world, And I always said about Ben Bernanke. He if he would just take his nose out of the textbooks long enough to put his ear to Main Street he before better off. Far better Federal Reserve chair So We'll see. How long it takes. Before this federal Reserve chair. Start to get a little concern. I don't think it's going to take long for Jerome Pal. Jerome Powell has been one of them most brilliant Federal reserve chairs that we've had I don't mean him necessarily. I mean his actions. His actions have been amazing. So we'll see. But right now we saw an increase. Off almost a half of 1% over last month. That is a pretty significant number. Now I want to say something when we look at consumer Price index. Remember? We Don't care. Bad poor C P I we care about the headline number. We don't care about core. Because what core CPI? I does it strips out energy and food, the two things that we consume the most up. So And speaking of consuming the most of Let me remind you We've got gasoline prices going up that is hurting. The CPI I number Right? Because people are spending more for gasoline. You understand as oil prices go up. That dramatically impact Your utility bill. Night gas was up 3.5% yesterday. It's wintertime. So for those of you who live in the northern part of the United States. Your utility bills are likely to go up if we continue to see this pattern. That, too, will enter into core CPI. I So it hasn't trickled up yet. In a big way to utility bills, but it will So let me paint for you a picture. We have gasoline prices going up. We have food prices going up. Why're food Prices going up? How does food get to the grocery store? The soul trucks. They're filling their tanks with much more expensive diesel fuel. Cost more money. That's just one reason but there are other Things that are creating. Mork cost. For producers and the middleman. So That's happening. We could be in an environment Let's just say for conversation's sake, it's on Lee. 50% of Americans. It won't be. It will be much more like 75%. But I'm just saying, Let's just say it's 50% because the other 50% they don't care right because They can't wait to be a Marxist or Communist regime. Because they're going to get everything for free. That all of us will be paying for by way of higher taxes and, of course fees. So they don't wanna call taxes because they said they were going to raise taxes. So their charge fees on you putting money in your checking account, or you writing a check you withdrawing money using your credit card financial transactions that will be a faith when we didn't say anything about fees. We said taxes. His attacks. So That 50% that I'm talking about. What are they going to do? They're gonna hunker down. We're gonna hunker down like they did in 2000 and nine and 10 and the end of 2000 and eight. Of course, 8 2009 10. They're gonna hunker down. What do you mean by hunkering down? It means they're going to kind of freeze. They're gonna say you know what? I have no idea what's gonna happen? I don't know if I'm gonna have a job tomorrow. I don't know if I'm gonna be able to afford health care until it ends up being free. And if it ends up being free, I don't know if I'm gonna want it. And if I do want it, I gotta have some cash in order to pay for things that I want to do. Whether the government tells me I need it or not. People are gonna start hoarding. And hunkering down. They're not gonna.

Federal Reserve Ben Bernanke Federal reserve Jerome Pal United States Jerome Powell Lee.
"jerome pal" Discussed on Biz Talk Radio

Biz Talk Radio

03:22 min | 2 years ago

"jerome pal" Discussed on Biz Talk Radio

"Your bills online? That's just like using Bitcoin. It's the same process for the most part for people who don't understand how you could pay for Bitcoin, and it's not a real with a real thing. How you can use Bitcoin, and it's not a real thing. It is real as the digits. When you send an e transfer. It's just is real for anybody who watched, you know. Jerome Pal fed chairman on 60 minutes. They asked him how he was printing all this money, how he was, you know. Helicoptering all this money into the economy, and he just said we just do it on a computer. Yeah, but the difference is the differences in Bitcoin. I can't go and just print myself a billion Bitcoins right? Because there are consensus rules. So I run myself my big points off where you run your Bitcoin software, Gary And our software is, you know, checking each other to make sure that we're not cheating the system. Whereas nobody audits the Fed, right? Not ever. I don't think ever been honest it, you know, it's never been on it. Yeah, And the thing is, you said the feds never been audited that they make this much money issue as they want. Bitcoin will never be increased and something you said earlier which we didn't get go over which a lot of people Tell me this When I tell him about Bitcoin is they hear about it being hacked all the time? As you said earlier, Bitcoins never been hacked. You know, it's Bitcoin Exchanges or Bitcoin wallet. It's just poor management of Bitcoins that people have acquired that have gotten hacked, not Bitcoin. But coins never been hacked. And I think people have a hard time understanding that too. What here. You know, Big Quinn has given us So much, but it's also given us new problems. And one of these new problems is private Key management, right Because think about Bitcoin is sort of like a locker in the sky, right and that locker holds within it A big one. You don't have the locker and the Bitcoin. You just have the key that unlocks it and the ability to transfer it to others. That's sort of how Bitcoin works. Right. And so that key is very valuable. That essentially is the Bitcoin. And securing them in the early days was seen as sort of trivial and people just leave them on their computers. And, you know, computers have now where and they get hacked and all sorts of things happened, right. But very mature industry has grown up around private key management these days, and you know it's very easy to hold multi millions of dollars in Bitcoin with absolute confidence that you're not going to be hacked. On dat the primary way that you don't get hacked is you just You keep your Bitcoins off line in what's called a cold storage that gets a little technical and everything, but I think people need to know it has gotten a lot safer. And the stories that you heard in the news a few years ago. Those air pretty much not a concern. You know, I don't hear about people who are practicing best practices with private key management. I don't hear about them getting hacked. Anymore. Well and like I said, that's a problem. A lot of people have when especially boomers when you try to tell about this, so we're going to come back and talk about some more on Bitcoin. Of course, it's the Bitcoin from Boomer Show. Maybe there's more Boomer fax in their own, you American hot. Oh, I appreciate you joining me. Everyone. Sit back. Get your coat. Whatever you're gonna do you come back in a minute and join me in American..

Bitcoins Fed Jerome Pal Gary Big Quinn chairman
"jerome pal" Discussed on Biz Talk Radio

Biz Talk Radio

03:21 min | 2 years ago

"jerome pal" Discussed on Biz Talk Radio

"Your bills online? That's just like using Bitcoin. It's the same process for the most part for people who don't understand how you could pay for Bitcoin, and it's not a real with a real thing. How you can use Bitcoin, and it's not a real thing. It is real as the digits. When you send an e transfer. It's just Israel for anybody who watched, you know. Jerome Pal fed chairman on 60 minutes. They asked him how he was printing all this money, how he was, you know. Helicoptering all this money into the economy, and he just said we just do it on a computer. Yeah, but the difference is the differences in Bitcoin. I can't go and just print myself a billion Bitcoins right? Because there are consensus rules. So I run myself my big points off where you run your Bitcoin software. Gary and our software is, you know, checking each other to make sure that we're not cheating the system. Whereas nobody audits the Fed, right? Not ever. I don't think ever been honest it, you know, it's never been onto them. Yeah, And the thing is, you said the feds never been audited. They make as much money issue as they want. Bitcoin will never be increased and something you said earlier which we didn't go over which a lot of people Tell me this When I tell him about Bitcoin is they hear about it being hacked all the time? As you said earlier, Bitcoins never been hacked. You know, it's Bitcoin Exchanges or Bitcoin wallet. It's just poor management of Bitcoins that people have acquired that have gotten hacked, not big coin. But coins never been hacked, and I think people have a hard time understanding that too. What here. You know, Big Quinn has given us So much, but it's also given us new problems. And one of these new problems is private Key management, right Because think about Bitcoin is sort of like a locker in the sky, right and that locker holds within it A big one. You don't have the locker and the Bitcoin. You just have the key that unlocks it and the ability to transfer it to others. That's sort of how Bitcoin works. Right. And so that key is very valuable. That essentially is the Bitcoin. And securing them in the early days was seen as sort of trivial and people just leave them on their computers. And you know computers at malware and they get hacked and all sorts of things happened, right. But very mature industry has grown up around private key management these days, and you know it's very easy to hold multi millions of dollars in Bitcoin with absolute confidence that you're not going to be hacked. On dat the primary way that you don't get hacked is you just You keep your Bitcoins off line in what's called a cold storage that gets a little technical and everything, but I think people need to know it has gotten a lot safer. And the stories that you heard in the news a few years ago. Those air pretty much not a concern. You know, I don't hear about people who are Practicing best practices with private key management. I don't hear about them getting hacked anymore. Well and like I said, that's a problem. A lot of people have when especially boomers when you try to tell about this, so we're going to come back and talk about some more on Bitcoin. Of course, it's the Bitcoin from Boomer Show. Maybe there's more Boomer fax in their own, you American Hado. I appreciate you joining me. Everyone. Sit back. Get your coat. Whatever you're gonna do you come back in a minute and join me in.

Fed Jerome Pal Bitcoins Gary Big Quinn Israel chairman
"jerome pal" Discussed on Biz Talk Radio

Biz Talk Radio

03:22 min | 2 years ago

"jerome pal" Discussed on Biz Talk Radio

"Your bills online? That's just like using Bitcoin. It's the same process for the most part for people who don't understand how you could pay for Bitcoin, and it's not a real with a real thing. How you can use Bitcoin, and it's not a real thing. It is real as the digits. When you send an e transfer. It's just this real for anybody who watched, you know. Jerome Pal fed chairman on 60 minutes. They asked him how he was printing all this money, how he was, you know. Helicoptering all this money into the economy, and he just said we just do it on a computer. Yeah, but the difference is the differences in Bitcoin. I can't go and just print myself a billion Bitcoins right? Because there are consensus rules. So I run myself my big points off where you run your Bitcoin software. Gary and our software is, you know, checking each other to make sure that we're not cheating the system. Whereas nobody audits the Fed, right? Not ever. I don't think ever been honest it, you know, it's never been on it. Yeah, And the thing is, you said the feds never been audited. They make as much money issue as they want. Bitcoin will never be increased and something you said earlier which we didn't go over which a lot of people Tell me this When I tell him about Bitcoin is they hear about it being hacked all the time? As you said earlier, Bitcoins never been hacked. You know, it's Bitcoin Exchanges or Bitcoin wallet. It's just poor management of Bitcoins that people have acquired that have gotten hacked, not Bitcoin. But coins never been hacked. I think people have a hard time understanding that too. What here. You know, Big Quinn has given us So much, but it's also given us new problems. And one of these new problems is private Key management, right Because think about Bitcoin is sort of like a locker in the sky, right and that locker holds within it A big one. You don't have the locker and the Bitcoin. You just have the key that unlocks it and the ability to transfer it to others. That's sort of how Bitcoin works. Right. And so that key is very valuable. That essentially is the Bitcoin. And securing them in the early days was seen as sort of trivial and people just leave them on their computers. And you know computers at now where and they get hacked and all sorts of things happened, right. But a very mature industry has grown up around private key management these days, and you know it's very easy to hold multi millions of dollars in Bitcoin with absolute confidence that you're not going to be hacked. On dat the primary way that you don't get hacked is you just You keep your Bitcoins off line in what's called a cold storage that gets a little technical and everything, but I think people need to know it has gotten a lot safer. And the stories that you heard in the news a few years ago. Those air pretty much not a concern. You know, I don't hear about people who are Practicing best practices with private key management. I don't hear about them getting hacked anymore. Well and like I said, that's a problem. A lot of people have when especially boomers when you try to tell about this, so we're going to come back and talk about some more on Bitcoin. Of course, it's the Bitcoin from Boomer Show. Maybe there's more Boomer fax in their own, you American Hado. I appreciate you joining me. Everyone. Sit back. Get your coat. Whatever you're gonna do you come back in a minute and join me in American. Hodel is.

Fed Jerome Pal Bitcoins Gary Big Quinn chairman
Spike In Coronavirus Cases Slows Job Growth

All Things Considered

00:51 sec | 2 years ago

Spike In Coronavirus Cases Slows Job Growth

"Did see some job growth last month, but overall jazz has job openings were down in most industries and in most parts of the country. So what does this mean for Congress? Is this gonna light a fire under lawmakers to actually try to get another coronavirus relief package across the finish line. The warning signs are certainly flashing. If anyone on Capitol Hill is paying attention. One of the sticking points in the negotiation so far has been whether to provide aid to state and local governments. Those governments have cut 1.3 million jobs over the last year. Better. Reserve Chairman Jerome Pal reminded lawmakers this week that layoffs by state and local governments really prolonged the last recession. And he said, that's something Congress ought to consider. Stable. Governments are one of the very largest employers in the country, and they provide those critical services. I think that's a worthy place for you to look in terms of support might be appropriate. In

Reserve Chairman Jerome Pal Congress Capitol Hill
US trade deficit rises 5.9% to $67.1 billion in August, highest since August 2006

Morning Edition

00:47 sec | 2 years ago

US trade deficit rises 5.9% to $67.1 billion in August, highest since August 2006

"Open mics this morning amid news that the U. S trade deficit widened in August, NPR Scott horsefly reports. The Dow Jones industrials jumped by about 60 points in early trading. American exports and imports both grew in August, but imports grew faster and the trade deficit wide into more than $67 billion. A trade deficit with China narrowed, however, as exports to that country increased during the month. While imports shrank. U. S exports to China are still well short of the pace called for in the Phase one trade deal signed earlier this year. Federal Reserve chairman Jerome Pal speaks this morning to a gathering of business economists. A survey of the group found a government failure to provide Mork Corona virus relief is one of the biggest risks facing the economy, second only to a fresh wave of Corona virus infections.

China Scott Horsefly Jerome Pal Federal Reserve Chairman U. S
U.S. producer prices tepid; jobless claims at more than two-year high

The Frankie Boyer Show

00:36 sec | 3 years ago

U.S. producer prices tepid; jobless claims at more than two-year high

"A just released economic report from the labor department claims inflation at the producer level did not change much in November food and gas prices were up but the producer price index indicates they were offset by a decrease in the costs for services meanwhile the federal reserve policy makers held their final meeting of the year yesterday and decided to leave interest rates unchanged here's the fed chairman Jerome pal we believe that the current stance of monetary policy will support sustained growth a strong labor market and inflation here are symmetric two percent

Labor Department Jerome Pal Producer FED Chairman Two Percent
Fed Chair Powell Says a Solid Labor Market Could Get Even Stronger

Rush Limbaugh

00:31 sec | 3 years ago

Fed Chair Powell Says a Solid Labor Market Could Get Even Stronger

"Now fed chairman Jerome pal says monetary policy is well positioned to support the strong labor market which is just now starting to benefit workers on the margins in remarks delivered to the greater Providence chamber of commerce Powell says he has heard stories of employers and schools collaborating to train and hire people with various levels of education and workers with disabilities Powell also says adjustments to employment data suggested the labor market may not have been a strong last year as previously thought a shift that supported the case for lower

Jerome Pal Powell Chairman
Fed, Vice Chairman And Richard Clara discussed on Bloomberg Daybreak

Bloomberg Daybreak

01:21 min | 3 years ago

Fed, Vice Chairman And Richard Clara discussed on Bloomberg Daybreak

"Karen global stocks are getting a boost from the fed following remarks from vice chairman Richard Clara and New York president John Williams both stressed the need to act quickly if the US economy looks likely to stumble remarks from William specifically boosted bets for a fifty point basis rate cut this month prompting a spokesman for the New York fed to take the unusual step of clarifying his comments saying they were part of an academic speech not about potential policy we get more from Bloomberg macro strategist mark Cranfield the S. and P. five hundred futures briefly reverse to once we had the clarification from the New York for that just went all the way back to where it had been late in New York trading so for now at least equities really are in no mood to see anything other than the very best that can be offered from the fed still remarks from Claritin Williams line up with last week's testimony from chairman Jerome pal Jeffrey Klein top is chief global investment strategist at Charles Schwab yeah the movie theaters are full of films about super heroes right now I think the market sees the fed is not guardians of the galaxy the guardians of the economy and able to use their super powers to trying to birth is global economic slowdown but I don't think if you rate cuts is going to make the difference whether it's twenty five or fifty basis points at the end of this month this is probably a mild economic downturn that's global in scope yesterday's comments for the last before the fed enters a blackout period before its policy

FED Vice Chairman Richard Clara New York John Williams William Charles Schwab President Trump United States Bloomberg Mark Cranfield Claritin Williams Jerome Pal Jeffrey Klein
Larry Kudlow, Powell And Chairman discussed on The Joe Piscopo Morning

The Joe Piscopo Morning

00:29 sec | 3 years ago

Larry Kudlow, Powell And Chairman discussed on The Joe Piscopo Morning

"Wall Street will be watching closely when the federal reserve chief Jerome pal pays visit to Capitol Hill later this morning a day after White House economic adviser Larry Kudlow said the Powell's job is safe for now the fed chairman is expected to tread lightly during his semi annual testimony before the house financial services committee many experts expect bound to leave open the possibility of future rate cuts despite a jobs report last week that seem to lessen the urgency of doing that responded Wally

Larry Kudlow Powell Chairman Jerome Pal White House Economic Adviser FED Wally
Did the Fed just cave to Trump by leaving interest rates alone?

Bucket Strategy Investing

00:29 sec | 4 years ago

Did the Fed just cave to Trump by leaving interest rates alone?

"The Federal Reserve leaving interest rates unchanged in Alex -pected to raise rates only. Once this year fed chief Jerome pal we are now facing a somewhat contradictory picture of generally strong, US macroeconomic performance alongside growing evidence of cross-currents commonsense risk management suggests patiently awaiting greater clarity after a two day policy meeting pal play down economic impacts from the government shutdown as long as furloughed workers get their back pay.

Jerome Pal Federal Reserve Alex -Pected United States Two Day