25 Burst results for "Mr Powell"
Turning an economic corner?
"So let us test at that premise. Shall we my vague sense. That maybe possibly kinda. Somehow we hope fingers crossed. We are on the men economically genus. Malik is it. The new york times during the holman is a bloomberg everybody. I got so Gina we're gonna save the prognostication thing for the end of our segment here. But i do feel like we have to spend some time on reserve jay powell and inflation. Mr powell spent most of his press conference on wednesday. I guess it was trying to deflect or beat back questions about inflation where the federal open market committee thinks. It's going how worried he is about it. He spent a lot of time saying in essence. We're not worried about it and if it happens we got it. The bond market on the other hand in the form of rising yields on the ten year treasury note said. Yeah no. i don't actually think that's right jay. We're a little worried What is going on. So i think that there is a real gap in timing here so i think what we're seeing in the ten year treasury note is that investors are both becoming confident that we're gonna see a little bit more inflation but also becoming confident that we're gonna see more growth. And so that's really what's moving that up but when you look at inflation expectations in the market. They moved up but they've really moved up sharply for term and then they're a little bit less pronounced in the longer term. And i think that's what people like to talking about when they say that we're not so worried about inflation in the longer term. You know there's a big difference from the fed's perspective between a jump up prices this year which they broadly expect and lasting inflation that becomes a problem down the road which they do not expect at this point. George let me ask you this though. Is it possible. And we heard a lot of this. You know back in the beginning of the pandemic and and when the recession was actually at its worst yourself into recession. Consumer expectations are a key thing. Can you talk yourself into consumers expecting inflation. Is that a thing. Do you think possibly what you can't talk yourself into is that consumers will want to spend at a certain time. So that's what a lot of retail chiefs are just hoping that even though what this week with retail sales is that they were down in the month of february a lot of the speculation was that we just have bad weather across the us. That is more of a blip compared to what the reality is going forward is more so thinking that that surge that we january will keep going. That consumers really will spin on that pent-up demand that everyone's kind of talking about in the retail world and then that will help Lift the economy less thing on on a routine yields gina. And then we'll move on the thing about it is that money will get more expensive right and then that could have conceivably a dampening effect win. Everybody's so ready to spend and go and travel and just do you know right and that absolutely something that fed is paying attention to and they've been very clear that if they see rates move up so much that they caused disorderly trading conditions in the treasury market so basically things get messy or be. They actually move up high enough to actually way against the feds goals and keep the economy from recovering than the feds gonna do something about that. But for the near term you know as long as they stay contained and sort of move up but not irrationally. I think what we're gonna see is a steady impatient fed. That just kind of you know watches. It talks about it a little bit but doesn't get to panicked values the new going. Yeah you know what we'll say. Okay anyway. sorry so jordan. Let us get to the retail. Chief you've been doing a bunch of reporting on what retail ceos are thinking once this you know trillion and a half perhaps a little bit more of of money that's on the sidelines gets going. How are they thinking about the after times in terms of how they're gonna handle that so when it comes to the time line the after times they expect happening in the second half of two thousand twenty one. So we're talking about the summertime that vaccinations were really be widespread and a lot of the ceo's. I'm speaking to operate the stores in the mall. So their idea is that the so called revenge spending will take place the fact that the ideas that customers revenge pending prevent spending. Yes something we saw accion. china ones. That government started lifting some restrictions last spring idea that people are tired of just you know shopping online in their want to go back out into the mall in like social gatherings in they're going to spend all the money that they've been saving up and so this kind of ideal yeah the revenge ending you hear it from ceo's of jack's which owns on to j. maxx marshalls on some other retail chiefs of use this phrase but the ideas like we have to wait and see. That's still something that don't know is going to occur but it's something that stores like kohl's forecasted for the second half that sales would definitely be stronger later this year.
"mr powell" Discussed on MYfm 104.3
"Mr Powell, Five star. I'm a hobby like your number and it's not another die. Carry these dodges for you. Did you know I never try? Yeah, Everybody hurts. Sometimes everybody else everything will be alright with Dustin Say used to the way we got the Oh, jeez. Bring back memories of everything we've been waiting today. Those two little ones that we lost on the way because of drinks. Bring back memories and memories. Bring back memories. Bring back Don't do it! I did it out Memories Bring back memories. Bring back Go! Director That was great memories make it right. 1000 bucks Coming your way. Easy Money 10 o'clock this morning $1000. Bigger smile when that from Lisa 10 o'clock. Make her smile more than a boyfriend. Palisades. Eric? Yeah, What a guy 10. O'clock, easy money $1000 breaking back just to know..
"mr powell" Discussed on KCRW
"The sticking points include money for transit system, schools and vaccine distribution. And what did Mr Powell say about the sort of stimulus Only Congress can do. Once again, Powell said. Congress really has the best tools to deal with this crisis, he said. There's a lag time with the feds tools. And he said there are millions of Americans who need aid from Congress, not loans from the Fed. It's the 10 million people who lost their jobs. It's people who may lose their homes. You know, you see the many, many millions of Americans are waiting in food lines in their cars these days all over the country. Okay and Nance ever going to see a vote on pandemic relief? Well, negotiators want to attach it to a spending bill and that has to pass by tomorrow, so the government doesn't run out of money and shut down. Congress could pass a continuing resolution that would keep the government going temporarily while they finish haggling over the co bit relief bill. Thank you. Call it a serendipitous opportunity. Others might see a holiday miracle on the player of Monopoly would see bank error in your favor. Pharmacists are noticing when they open the pack of Fizer beyond Tech covert vaccine That's supposed to be five doses per vial. I can sometimes squeeze out a six there, maybe seventh dose. The FDA looked at this yesterday and is saying Go for it as long as These are full doses. This could mean millions more will get their shots earlier at a time on the first vaccine is in short supply. Markets, The Dow is up 129 points, half a percent similar percentage rises now for the S and P and the NASDAQ The popular online stock trading site, Robin Hood today agreed to pay a $65 million penalty after the SEC accused of misleading customers by not disclosing it makes a lot of money by charging trading firms. Route orders their way and not always getting customers the best price Robert and neither admits nor denies anything. FedEx releases its fall results today. Marketplaces Justin Ho has that Delivery companies have had to expand to handle the boom in e commerce. During the pandemic. FedEx has been upgrading its existing.
Key Week for Coronavirus Stimulus as Negotiations Continue
"There is some optimism. A new stimulus deal may be reached. It would come after months of back and forth between republicans and democrats to solidify new package. Four a look at where things stand and where we may be heading. Let's bring in. Wsj capitol hill reporter chevonne hughes chevron. It's always good to have you here to be here. Social von this notion of additional corona virus stimulus aid has been on again off again for quite a while. Is this more of the same or is this moment different. This particular moment in time certainly feels different to me. When i was on the hill this past week i felt more enthusiasm around coming together onto package than i have for the past nine months and there are a couple of factors at play number one. The united states is in a terrible situation right. now we've had hospitalizations exceeding a hundred thousand people which is a record high. We haven't had that. The number of cases has gone up daily to beyond two hundred thousand. So we're in a real predicament. And entering what the experts say is the worst period of the crisis for us so that puts a lot of pressure on unemployed people people who are unable to pay their rent. The small restaurants who in states like california are being asked to close in order to prevent the spread of the virus so lawmakers are very much aware something different is going on. And what's more a bipartisan. Bicameral group has come together to develop their own solution in effect taking the negotiations away from top leaders and saying enough. We need to come together around common ground and in fact as early as monday. That bipartisan bicameral group is expected to reveal the tax to the details of a nine hundred billion. Roughly four month compromise package that they hope is going to be the magic wand that brings everything together. We'll let's talk about this package further because as we have seen with this type of legislation there are certainly questions about price tag but also allocation how things break down. The devil is in the details and one. The biggest issues has to do with money for state and local aid. This bipartisan bicameral group has proposed about one hundred and sixty billion dollars in direct aid to states and localities but the question is the distribution formula. How is that money going to be distributed. We'll smaller states. Smaller cities received the same amount of money as the larger places will be if not made whole at least cut in on the deal and that is where the negotiations get delicate not only have lawmakers faced pressure from their constituents federal reserve chair. Jerome powell has also made it clear. He feels stimulus. Aid really does matter. Did his words carry any weight. It's complicated for the people who lived through the two thousand and eight financial crisis who remember the significance of government stimulus. Such words would carry weight for a core group of fiscal conservatives. Anything the federal reserve chairman says is not going to make a difference because this group of staunch republicans is convinced that adding to the deficit and to the debt is eventually going to prove the undoing of the economy and so while his words carry weight we'd want to be careful about the degree to which carry weight. And how broadly mr powell's influence can be felt within congress and finally yvonne as far as a timetable. What does the calendar look like. Well initially the goal was to wrap everything up by december eleventh. So the end of this coming week which was when congress had to pass legislation to keep the government funded. It looks like that deadline is going to slip for about another week. So expect to see congress passed some type of interim maybe weeklong short-term spending measure to keep the government funded while they work out a broader deal that includes both ordinary government funding and also this corona virus relief package
America's economy just had its worst quarter on record
"Contracted grotesquely, as measured by the gross domestic product figures out just now. It fell in an annualized rate of nearly 33% in the April to June pandemic quarter, the worst at the worst of the 2008 financial crisis. That drop was 8.4%. Meanwhile, another 1.4 million people signed up for state unemployment benefits in the last week, the second week in a row where that number went up. Democrats and Republicans appear no closer to reaching a deal on a Corona virus relief bill. The extra $600 a week in unemployment supplement officially ends tomorrow. Federal Reserve chair Jerome Powell is among those urging Congress to act. Marketplaces Nancy Marshall Ganz ER was on the Federal Reserve's video conference yesterday. What did Mr Powell say about this? Well, he held a news conference yesterday at the end of the Fed's two day meeting, and they decided to keep interest rates near zero by the way. But even in his opening statement, Powell said the Fed doesn't make grants. It can only loan money. And sometimes loans aren't the answer. He said several times that fiscal support that is what Congress does is needed. Now did Powell specify what type of congressional spending he was talking about? Powell said. It's going to take a while for the hardest hit parts of the economy to recover so businesses that rely on people being together in public spaces, places like restaurants and hotels. They may not be able to hire everyone back. There just won't be enough jobs and palace says That's where Congress comes in. I think those people are going to need support. I can't say what the exact level should be. It's not our role, but they're going to need support if they're to be able to pay their bills to continue spending money to remain in their current Rental house or your apartment or house if they own it, so I think there will be a need. You heard there that pal wouldn't talk specifically about the $600 a week unemployment supplement that's expiring, but it's clear he is worried about how people who've lost their jobs are going to support themselves. Marketplaces. Nancy Marshall, Guns are covering Washington. Thank you very much. You're
"mr powell" Discussed on WNYC 93.9 FM
"Fine I mean I'm going to yes ma'am on the the first five the acontece a motor got a tell tale Mr Powell got skills in the walls hundreds of the truth things always said drinks and that shares your okay landscapes I have pain a motion to Rick have a lack of a Spanish that's ten I was what shall we do ask Marshall thanks to I don't commentate bonuses just like in thank you the end of June the event is bad because the little still I go right to the I don't know I go right for all things sing the song thank policies hello that's the same that I drive fast because at a glance this two eighty six great the video we mama passed careful distortion I'm on that account I'm a man of many after taking a shift a great deal showing about but not all of it news I sat him down the road okay I would love to have to change get a last batch get up off.
Fed's jerome Powell Says Congress Should Do More To Save Economy
"With all possible. Respect to Jay Powell. The Chairman of the Federal Reserve is saving a cratering. American economy is no easy thing right but with all respect the time ten weeks into this thing has come to say all right. Show me what you got and we say that because Miss Pal has in television interviews in congressional testimony made clear that he believes Congress while already having done a lot of risky work should do more but he has also said. Mr Powell has what us the Fed. Oh we're not gonNA run at it and munition in more proper actual fedspeak yesterday. Ms Powell told the Senate Banking Committee. The Fed is quote committed to using our full range of tools to support the economy in this challenging time and quote so those tools what might be. Here's marketplace's Mitchell Hartman. Think of the Fed like a plumber. It's job is to make sure money keeps flowing through the US financial system when the system gets clogged by say a pandemic. The Fed whips out its monetary policy wrenches and drain remorse to unclog the flow of money. Make it cheaper and less risky to borrow and land. That's what the Fed did in mid March when it cut interest rates to zero says Brad McMillan at Commonwealth financial and that was really key to preventing paddock. Because of what? It said that the central bank was not going to let a crisis happen since then. The feds kept money flowing by adjusting banking rules. Buying up Treasury and mortgage bonds and the list goes on says Mark Zandi at Moody's analytics so the Stock Bond Markets Credit markets. Broadly are functioning. Well they still have some more room to maneuver here if they need to. Zandi says the Fed could backstop the mortgage market as more homeowners delay monthly payments and could buy more and riskier corporate bonds to keep credit flowing and the Fed is about to get money out to small and mid sized businesses through its new main street lending facility but one thing the Fed can't do says Andy is pumped money directly into the economy. Good things going again. Now that the people lost lots of jobs people very nervous lot of uncertainty. And that's more difficult for the Fed. The Central Bank could try to help Americans more directly says MIT economist. Deborah Lucas. Let's call helicopter money. They could print money and they could distribute it to households but she says that would be risky and would require the Fed to manipulate the money supply and banking system in ways it never has before I'm Mitchell Hartman for
Does the Fed have a communication problem?
"The the US Federal Reserve has begun to consult the public particularly in poorer parts of the country apartment or trade policy as a result policy. Wonks at the Central Bank of begun to reconsider the impact of their decisions on communities far from the centers of power. It with me to discuss. This is our us. Economics editor Brendan Greeley. But first let's listen to an exchange from one of the recent public meetings organized between local community representatives and fed governors even places to lower than rates are going to be even in lower and we're going to have less power over a business cycle even less ability to support maximum stable prices nonetheless. It starts with the thought that we have to get inflation back up to two percent we wanted to be medically around two percent. Do you think we'll have a hard time explaining that to the general public ideas. He is ahead to do that. I think you're going to need another three hours. said in the long term it will have an impact higher inflation. I think we agree but for many of our communities distance to the long term. We don't we just don't survive that. That's that's part of the problem. The business close is is people. Don't get to make the choice safer higher education Families just can't find the milk today. I think that's the challenge so Brendan we just heard an exchange there between Denise Scott who runs one of the nonprofits involved in the consultation process and Jay Powell is typical of the kind of views. Put the Fed chair during his consultations. It is that conversation really stood out to me. I was in the room when it happened. And it got a big laugh and basically what's going on is that the Federal Reserve has a problem. which is that? It's running out of tools to actually accomplish monetary policy generally. There's what's called the natural rate of interest. It's impossible to measure. We have to sort of estimate what it is. But it's this idea of what interest rates would be without any intervention from the central bank so the Fed and other central banks are watching this very carefully because their whole existence. All of their tools rely on the ability to undercut this rate to drag it down if that rate and inflation are very close to zero. They don't have any tools so they're really worried about the possibility of low inflation. That's something that central bankers talk about all all the time. That's what they're worried about now. Normal people who live and work out in the real economy. Don't think this way at all and so. The Fed is starting to realize in particular through having these public consultations that the thing that it is obsessed with which is a lack of inflation is something that is completely legally alien to every normal person and what people actually out in the real economy are looking at and thinking about and worrying about is the fact that at least in the US the cost of rent. The cost of healthcare. The cost of education are skyrocketing. That's the inflation they think about but the idea that the Federal Reserve would want to create inflation and doesn't make any sense to them at all. So there's this massive disconnected. The Fed has in the thing is trying to communicate. Doesn't make any sense to any normal person but clearly makes sense that they've come to this realization that they need to conduct this outreach effort but what particularly prompted it and I was organized. Well it's almost a bit of an accident accident. That turned out really well. which is that the Fed about a year and a half ago decided that it was going to really look into its tools and and those tools are both how it conducts monetary policy? And then how it communicates. How talks about monetary policy to markets and the public to make sure the monetary policy works and so Jay Powell is an an interesting chair? He's a different kind of communicator. And his press conferences and he's gotten heat from this from people who were involved in financial markets. His press conferences are much more. Colloquial than press conferences references have been in the past from Fed chairs the challenging part of that is if you are colloquial and plainspoken in monetary policy. You leave open the possibility of misinterpretation and by markets. The good part of that is if you are colloquial in effect presser. Normal people might actually be able to understand you a little better so he's already a different kind of fed chair as part of this review. He decided that he wanted to conduct. What the Fed has called Fed listens events where he's going to go out into the community Mary and talk to real people in real places about monetary policy you know? Journalists were all inherently cynical about everything and I was cynical about this when they announced it seems like a one time. Pr Effort. But when I went to these events and sort of watched him and watch the other governors in particular. Jay Powell seemed to be really interested. He was writing notes and paying attention and actively engaging with people and talking to them he actually seemed like he was enjoying it. And that's what caught. My attention to things have happened. One is they've now had wanted wanted. Every of the twelve federal reserve banks around the country is the cities. All over. You know Saint Louis Chicago San Francisco and internally what we can tell from the Fed minutes and had also some hints externally. It seems like they're going to continue to do this. So this thing. That could have been a one time. Feel good public affairs. Event has turned into away. The Fed actually conducts research. And it's changing the way the macro-economists inside the Fed actually conduct their research. What would you say the main lessons that Mr Powell has learned from this excise of listening to local officials listening to local communities especially in poor areas so one thing that he has said that several of the Fed presidents have said that researchers at the Fed have said is that they learned from these conversations that there's more slack in the economy than they had thought and what that means means is as the economy expands it pushes the unemployment rate farther down slack? Is the remaining number of people who could get a job what they've discovered is they thought that the long-term natural rate of unemployment was five percent four percent that's been dropping when they go to these communities one thing that came out of the event they had in Chicago. Somebody said look in our communities were always in recession. There's never economic growth and so they realized that there a lot of workers on the sidelines. Who you aren't employed? Who could be employed? There's a lot more slack in the labor market than they had thought. These are things that aren't captured in aggregate statistics of overall employment in the country. That are caught when you talk anecdotally to people in certain communities I think that's the number one takeaway and the other one is that people don't care about inflation or rather rather people don't care about low inflation low inflation is a good thing and I think that's a real disconnect and I think the Fed still wrestling with that their response thus far has been. Well how do we teach them that. Low inflation is a bad thing and I think there's another step coming. which is that? Maybe the Fed still needs to learn that it may have to live with low inflation because what people are really worried about is the cost of medical care the cost of housing in the cost of education. Let's take a step back here. You're talking about how the Fed is changing but what is essentially the main task of the federal. What has it been up to now? And how is that different from other central banks around the world. Well what's interesting about. The Fed is that they have a dual mandate most central banks in the developed world their mandate is price stability. They just have to make. I'm sure that inflation is contained right. They've generally adopted a target of two percent inflation. The Fed has an interesting mandate it also has a slightly different history than other central banks it also has the mandate of full employment and so the Fed has defined its inflation target as maintaining two percent. It hasn't really defined what full employment is so it actually has this obligation under the law that charters it from Congress to pursue price stability and maximum employment. So it's starting to figure route that maybe it needs to focus just as much maximum employment as it has in the past on price stability. Tell us about that gradual shift in how these jewel goals have been sued in recent years. Well there's a separate thing going on at the Fed which is that. They're realizing that they have been unable to meet two percent inflation. Their target is two
"mr powell" Discussed on 77WABC Radio
"I'm John Batchelor. This is the John Batchelor show. Good evening. Who writes a column at the hill and a column for Fox News often on FOX business is here to comment about the economy? Very well. Thank you very much about the opinion of the chairman of the Federal Reserve is also critical for the for the economy to have self confidence within these last hours, Mr Powell is quoted I'm looking at the Wall Street Journal close with our policy rate in the range of neutral with muted inflation pressures, and with some of the downside risks. We've talked about this is a good time to be patient and watch and wait and see how the situation evolves. Liz, a very good evening to you. That is remarkably easy terminology for chairman of the Federal Reserve. I think I understand it. The word patient looks to be critical here. What does this translate into into rate rises in twenty nine thousand nine because that's what the market wants to know. Good evening to you. Good evening. John. Certainly investors now are not anticipating aid any rate increases. Remember as recently as seven or eight months ago, we're talking about three rate increases this year. And that totally changed partly because of the slowdown in China and Europe all of a sudden, we didn't have a global, synchronized gross story. And it also what transpired about the same time. That chairman towel pushing rates up last year. Really kind of put the brakes on the economy much to the consternation of President Trump, of course. But also to investors who completely hammered the market in in December. So look I think some of the big headwinds to the stock market number one Powell number to try trade dysfunction are beginning to be much calmer. Obviously Powell said exactly what investors wanted to hear today. Which is basically there's nothing going on that would inspire him to raise rates and remember John in the fall, we talked a lot about the fact that in. Relation was nonexistent. Barely was approaching two percent. We had declining oil prices, which now has stabilized, but that was a pretty big weight on inflation and a counter active kind of measure, and and really an awful lot of signals that that Powell was being too aggressive. So I think he kind of step back, and I think all is he's not alone may the fed generally all the governors kind began to look at this and say, well, wait a minute. Why are we doing this? We're supposed to be promoting job growth and maintaining or keeping inflation at sort of a normal level, which we've said is two percent. That's what's happening. So why why should we raise rates anymore, and then the consensus very quickly shifted that they would not do that. Now, the second issue was the balance sheet, and again, people really hadn't focused on that. They were focused on the rate increases Powell with. Pretty aggressive at trying to wind down the four trillion dollar balance sheet, which we've never had before it was a sort of outlier and there too. He has become more tempered in his approach. So I think investors are probably pretty happy that right now, the fed is a neutral topic and Ditto for trade. All right. The Federal Reserve has this formula that when there's high demand for workers and workers demand wages increases in wages. That's going to lead to inflation. Have they from that outlets? Have they got rid of it because we have we have an increasing workforce workforce participation. We have more jobs than we have people. We have indication that wages are going up and yet no inflation. Yeah. Something that has Yellen Illinois said was puzzling. And I think a lot of economists have been looking at this wage data over the last several years and wondering why it has not moved higher as unemployment has gone down. And the answer partly is exactly what you just said. Remember not again, not that long ago. People were talking about fifty million people on the sidelines. Not even bothering to look for work because they were so discouraged. What we've seen over the last several quarters has that you know, over one quarter. Maybe a half a million people will come into the work place looking for work now. Now that jobs are plentiful now that wages have gone up a little bit. Don't don't. I mean. I is it is the case that wages are going up. But they're going up at a pretty orderly fashion. There's no sense of panic employers like the small business group the NF. I be reports on are saying, yes, they are having to compete a little more aggressively for workers. They're definitely willing to pay a little. More. But again, it's not out of control. And so far they actually the other choices just to keep reaching into pools of people that previously maybe they would not have hired companies are spending more on training programs. Now, they're willing to look at disabled people people who have felony records etcetera in a way, that's terrific because you're really getting a much more inclusive workforce and putting people to work who really otherwise might not have had a chance, but at certainly has kept a lid on wage increases. And I think the fed is kind of getting the message now that that's what's happening. Liz, can we back the Ford F one fifty up over Larry Summers is one more time. I enjoy this. All right. This is the moment. This is the moment where we talk about secular stagnation. I heard no mention of anything approaches cyclists diagnostician. From chairman Powell today is this is Larry Summers now no longer invited indoor important circles in Washington. Even banished to crazy land. Well, he hasn't really because every now, and then he pops up with another mystifying editorial in the Washington Post, the New York Times, basically still pushing the idea that we can't grow really above two percent. And clearly that is a way of justifying that sort of underachievement of the Obama recovery because don't forget that was eight years where we didn't grow very fast. But it was also eight years that followed a dramatic recession. And generally you expect to see a pretty big spike in growth following such a downturn. So look Larry Summers. I mean, it's sort of like Jimmy Carter's melas speech. I don't think he'll ever recover from the secular stagnation theory. And at this point, that's all it looks to be somewhat discredited theory. And frankly, it kind of follows on the heels an awful lot of other negatively, did you hear from the left and Democrats somehow they just really don't believe that? The economy can grow. They don't believe that people have opportunity. It's it's strange still keep hearing the term sugar high from the tax cuts and jobs act of twenty two seventeen. We have more we have more jobs than we have people. We have read wages going up. It is a chairman Paul just said that we're going to grow in two thousand nineteen not at the twenty eighteen level. But we're going to grow into the nineteen this sugar high. Where is it? I mean for heaven's sakes. We're that's real meet their reading out there. Well, I and again, we've talked a lot about optimism, and guess what? The optimism number in January surged back, and and broke all the estimates out there because people really are very confident that they kind of measures that have been taken the lower tax rates better. Regulation, etc. Is really going to help our economy. They see it. They feel it. They they've feel it as you say there's a million extra jobs out there. If. If people are in a job, they don't like right now, they can go across the street and get a better job that and we see that in the quits number. People are quitting their jobs in search of something better that drives consumer spending. And really so far we've seen no fault. You know, any no letup in the fact that consumers are leading this Konami and willing to do it this I have my I have my handed Home Depot parking lot metric when the Home Depot parking lot is filled on Sundays. We're doing very well because people are doing do it yourself home repair. And that means they're confident in the immediate future. Let's go to the one shadow that has been with us for months now that is the trade talks with China. President Trump announced that there will be a delay in the tariffs do March first he kicked the Cam. And that there's progress being made are we looking at a deal that is temporary. Are we looking at the market no longer lists worrying about this because they realize is going to be an eight year negotiation through the first and second term of Mr. Trump's administration. No, I don't think that's true. I think people expect this to come to a head. I think President Trump certainly wants a deal announced before the election. And the reason I mean, he did postpone the increase in tariffs. But my sense is that's a very discreet amount of time. I would say six weeks something like that. They after all have now memorandum of understanding that they're working on on about six different topics. Of course, the ones that are hardest are the ones that are slowing up the process of arriving at a final deal. It is remarkable to me to your point about expectations that very few people are giving the administration any credit whatsoever for actually solving this problem is it going to be solved in a sort of resolute finite. Wait, no. Are we going to see progress on intellectual property trans forced transfer technology issues like that which are so difficult? I think very much. Yes. And I I will be shocked, and I will be absolutely willing to issue a mayor culpa if we don't, but we have good people at the table. Discussing this lighthizer, and these guys they know what they're doing. And I think China, yes, they are not gonna turn their economy upside down, my guess is we're not gonna make much progress on things like support for state-owned enterprises. But I think the terms of how you get into the market the fact that they're willing to open their market, maybe to financial services companies. I think we're gonna see progress John. And of course, there's going to be reports that they're not carrying through. They're not falling through their not abiding by their promises. I think we have to expect that. But I think the situation is gonna be much resolved worst-case three months from now. Liz peak writing a column for the hill writing column for Fox News and much on FOX business commenting on the American economy doing very well. Coordinated chairman pal growing in twenty nineteen according to chairman Powell no inflation, no concerns about inflation because of the demand for workers. The demand for worker. Wage increases we're going to turn to the Democratic Party next. Because there's a completely different view of the American economy by the leading candidates for the democratic nomination for president in two twenty. And I'm being diplomatic when I say completely different view another universe. I'm John Batchelor. This is the John Batchelor show..
Fed, President Trump and President discussed on WSJ What's News
"President Trump has said he's not happy with fed chairman, Jerome Powell who he appointed Tarinah rate, what is Mr. Trump's main criticism about the fed and its rate hikes. So he has said that he thinks the fed is raising interest rates too quickly. In other words, he thinks that they just need to wait and see what happens with inflation. Because right now, according to the president, he said, there's, there's not really signs that inflation is picking up, you know, very quickly and that's probably fair. You know the latest inflation data showed that prices had risen. Over the past year around two percent. Any other a couple of different measures that you could look at, but the feds preferred, inflation gauge shows about two percent and that's right around where the fed wants to see it. And so it's it's not just the president who's made that argument. Others have said, why are we raising grades the way there's there Konami has room to run so to speak. So that's not that unusual. I think it's the manner in which the president is doing it is is definitely unusual. Mr. Trump's comments about fed policy are extremely unusual for president to make, aren't they? Yes. So we've heard presidents 'em in the past criticized the fed, so it's not unprecedented. But from about the early nineteen nineties, the White House has taken an approach of just being hands off when it comes to monetary policy, they don't comment on interest rates. They don't comment on what the fed is doing that something that was started during the Clinton administration. It was interesting earlier this week we heard from former fed chair, Janet Yellen, and she was a member of the Clinton administration at the time. And she said that. That this was something they decided to do so that they wouldn't spook. The markets basically President Clinton at the time had just struck this deficit accord. But the Fred was starting to raise rates, and I think it was viewed as not the greatest thing for the White House, but he decided to just stay out of it not say anything and that tack has persisted over the years until this administration. Obviously, this president is very outspoken about it, and his advisors are saying he has his opinions and there's nothing wrong with speaking out about it. He's not telling the fed what to do. He's just saying what he thinks you're Powell has defended the Fed's policy on interest rates, former fed chair. Janet Yellen also weighed in on President. Trump's comments saying that it was really not a good idea to do this. The president was asked in an interview with FOX business network, whether he would consider firing Mr Powell. What exactly did he say in that interview? Well, he did say that he acknowledged I can't reappoint the fed chairman for another f- almost four years. So that kind of suggested that he wasn't. Thinking about taking any immediate or drastic action. And there's definitely questions of whether he could even he could do anything, whether he could even fire the fed chairman, but I don't think that that's something that that he's actively considering as he suggested.
"mr powell" Discussed on Bloomberg Radio New York
"Housing insurance subcommittee thank you Mr Chairman, and thank you Mr Powell I'm up. Here on the back row you probably can't find me. Some of my colleagues on the other side of the aisle, have discussed harmful economic policies some of their. Opening statements specifically so if you look at the harmful economic policies that. Have taken hold over. The last year and. A half so President. Trump has, retard. To streamline and reduce regulation we had. A historic tax cut We've tried. To rebuild our military we've pushed for American energy independence if you take together all of I would quote those, harmful economic policies what has that actually done for the. African American unemployment rate in America As I mentioned I think is going up It's gone down significantly more time. What what what's, happened to, African American unemployment It's it's come down quite a bit it's come down quite a bit how? About the Hispanic unemployment rate is that. Going up under these harmful economic. Policies it has come down quite a bit it's come down, quite a bit so is, it fair to say these policies. Actually are harmful they're actually? Growing the, economy they're putting people back to work is that a fair assessment Mr Powell it's it's fair to say that the unemployment rates. Are very low and then you know a lot of things go into that so? You wouldn't say today that it. Has? Anything? To do with regulation or tax You know I am reluctant to get into the credit. Assignment game it's really not up. To us I can report on, the economy but I, do think but, I know but you report any me and you look at all the different factors that come into play in, the economy and so have these factors had anything to do with the growth that you have seen in? This economy so I'd tribute declining unemployment to positive. Surveys. Businesses really they feel good about the. Business climate why do they feel better about? Their, businesses chairman Because they get. A little more of their money is that? Possible How about if instead of having to navigate government, rules and regulations they actually get a focus on running their business could back attribute. To the positive view they have on the economy, and their businesses I. Think you've seen very positive business confidence. Surveys so I'll take it you're not going to answer my question I understand the position. In which you said I want to. Talk to you about trade I'm a free, trader like you are I think free trade is great far, economy but I also think that if you, don't have fair trade if you have deals with places like China where you have, American companies that invest millions or billions of dollars in their technology and you do business with China and they steal. It from you And or. They subsidize their companies that come and do, business in America where we have for the most part free, trade ourselves where we can't have their barriers, to American produced goods how long does that relationship last where our economy is open, there's is closed does that set us up for a long term Successful economy has released to China Strongly agree with you that trade needs to..
Jerome Powell, Federal Reserve and Congress discussed on Politics and Public Policy Today
"Span radio Tuesday July. Seventeenth I'm Peter, slack more from, the president and reaction from members of congress coming up but in some other headlines US stocks rose following. Federal Reserve chairman Jerome Powell's testimony before the Senate banking committee Mr Powell said strong economic growth and the. Current stable inflation rate should. Keep the central Bank on track, to gradually raise short-term interest rates the Dow was up fifty five points and Republican leaders backed. Away from holding a vote on a democr- Critic Bill. Polishing the federal immigration and, customs enforcement agency known as, ice majority, leader Kevin McCarthy says the house instead will..
Twenty Four Hours, Twenty Five Twenty Four Hours and Forty Eight Hours discussed on Bloomberg Daybreak: Asia
"To uphold the country's law that criminalizes homosexual acts the government is asking that the court not widely argument to deal with gay marriage adoption inheritance the laws of stands now has a ten year prison sentence for same sex relations allegations that a chinese hacking team linked to beijing has penetrated computer systems belonging to cambodia's election commission opposition leaders and media leading up to the election this is the twenty ninth of this month global news twenty four hours a day they're only twenty four hours right i was going to say twenty five twenty four hours a day on aaron tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries in san francisco i'm ed baxter if there were twentyfive we'd be there this is bloomberg juliette sometimes feels like that doesn't ed thanks so much for joining us singapore studio now by brandon michael prize executive director clyde investments taurus wealth advisors mike great to see you thanks for coming in you know we're looking at the trade war and the implications to markets we've certainly seen in china the shanghai composite extend into that bear market territory the saying last week they wouldn't use the one as a trade weapon things have changed in the last forty eight hours what do you think might happen from china in terms of retaliation i think it's going to be complicated but i think if you step back the real question is this it's often said that the only winner in a trade war inflation and we already have the largest stimulus in history outside of wars the last stimulus tax catholic biz was basically of the vietnam war the korean war so i think it's because to the question about chinese currency in financial markets it's very important to understand that i think the fed powell the mr powell at the fed has a real dilemma because he is determined to raise interest rates before potentially we have a slowdown in the economy but now with these trade tensions potentially would very much complicated his his endeavors so that is the question mark is also the question for china the currency could we see more dollar strength because of higher rates and how this potentially lead to capital market is location do you really believe that leaders on both sides who are conducting these trade negotiations are are not cognizant of the stakes and how high they are in disrupting the the global growth story i mean is this still part of the negotiation process do you think or have we crossed beyond that is if we have crossed the rubicon look i think that's the question that has many people's mind but i think mr trump is delivering on his campaign promises and that is to help the american worker and to some extent restructure nachos global trade but the global world order shortterm that would lead to potentially yes i mean higher inflation but also more importantly higher higher wages in the united states which is what he would like to rebalance the the sort of the benefit from companies to individual voters and people who voted for him at the american worker that of course has negative implement longerterm implications for financial assets and they're already at a multiyear an alternate ultimate highs recently but does it also you know what president trump is trying to do in terms of hurting capital intensive in business sentiment in the us i look i think that's to to the question previously that's the really big debate but mr trump might think short term pain for longterm gain because i think he'd made it very clear when he said that look the united states doesn't really have too much of choice because it's already rather bad with regards to house he sees attracts the trade situation so i think there's no easy solution to this unless it costs them in a big way politically because we've got the us off term elections coming up in the us this fall and there are a lot of republican states red states that have been and are being adversely impacted by a lot of the discussions whether they're manufacturers or whether they're in the agricultural industries will continue with rainer michael price here on daybreak asia he's with taurus wealth management update you on markets and global news that's coming up this is bloomberg listen as a hiring manager i've got to.
"mr powell" Discussed on KOMO
"And refinance that loan to a fixed rate loan as soon as you can what is mr powell saying when it comes to concerns about tariffs changing that picture and and affecting the growth it could affect the growth and in fact it could slow the growth and that's another reason that we're seeing the hikes being made now because it's kind of a cushion for when things do slow down because everything is cyclical the economy is not going to be going gangbusters like it is right now for a number of reasons and one of those reasons could be the effect that these tariffs could have on the us economy and remember if you need to stimulate the economy if you need to speed things up you can't cut from zero this gives it gives the fed a l little bit of wiggle room to stimulate the economy it has to do that for whatever reason abc's daria albinger thank you so much for breaking it down i tell you what since we're on a roll with money about your propel insurance money update with bruce vaile stocks were mixed at today's market closed but strengthen the tech sector helped push the nasdaq composite to a record high the dow jones industrial average dropped twenty five points closing at twenty five thousand one seventy five the nasdaq gained sixty five points and the s and p five hundred picked up six points shares of the online craft marketplace oetzi jumped more than twenty six percent to a record close at forty one sixty five the company said it is increasing the fees it charges it's more than two million active sellers while the news sent shares higher and also drew criticism from entrepreneurs who use the platform that's your money now and.
"mr powell" Discussed on KBNP AM 1410
"Performing as well as perhaps the data tells us the economy is not performing as well because i've one of the other points i've maintained him along with my born bullishness is that you cannot cure the economy just with monetary expansion and fiscal spending you need structural changes you need worker education you need changes in the retirement make sure that more people are employed what we find is that the labor force participation rate has remained very low which tells me that you're not making use of all the labor and that's why growth is not picking up what kind of data or single data point will change the fed will cause them to blink the great mystery what everybody wants to know for us three kamar is in the months in the weeks ahead what is it data that mr powell look at to amend three or four rate increases is it wage growth i think domestically it is going to be the wage growth i think is going to be the significant factor that make him change and externally if the italian situation but get the external situation gets a lot worse and then it affects the us equity market then also i see the pol put greenspan would agree with you on that if you do see diminished equity prices that's important but part of that is the ever stronger dollar can you make a dollar call here or is it so ambiguous now you're not sure that strong donna has been a fact that tom in terms of what is happening to the us us markets and why the us markets are under pressure but that would change if the fed would say that they are not going to increase interest rates the dax y index gone over ninety four after being below ninety earlier this year you can see that come down quite sharply he's the fed decides not to increase as grisly as people they've got to a point where they've got to blink and when everybody wants to know whether they agree with three kamar or not pimm is what does this set or thing that will allow them to shift i'm unclear on that and you say just simply wage growth domestically i think it is going to be the wage growth that will do it i don't expect the unemployment rate to increase significantly i think it's going to.
"mr powell" Discussed on Bloomberg Radio New York
"Sylvia's it's may i i'm not may come on coming up maybe this over may fourth hey the rent is jobs day okay so this where we are with a dollar stronger really is that the tone here in i would say pimm one twenty one twenty you might be able to pay it in euros away from the news the mysteries this week about where are we where's fed policy where's the inflation a lot of mystery i thought came up this week well it's still a debate about how many times a federal reserve is going to raise interest rates also more and more commentary that i read is that mr powell is president donald trump's selection as the head of the federal reserve and president trump may not want interest rates to go up love you search the discussion for may may second wilkerson ever special fed coverage next wednesday television radio worldwide this is bloomberg information is vital how do they get the votes to pass this thing get it here this attack was the final straw politics policy power and law he did suggests that his finances would be a red line weekdays at noon.
"mr powell" Discussed on C-SPAN Radio
"That and i think tubing's net fiscal policy can can focus on ways to increase attachment to the labour forcing create incentives for more skills and and aptitudes among our labour force and and uh and in greater investment or dna kind of thing that's a healthy thing thank you very much chairman time the jill it has expired the chair no recognize the jeweler from new york mr meeks the cia mr powell malcolm as you know the treasury department is currently undergoing a review of the cra community reinvestment acts regulations and we'll be recommending changes to the banking agencies including the federal reserve so my question to you mr powell is do you believe that a financial firms demonstrated pattern and practice of racial discriminating discrimination and lending should be considered during a c r a examination thank you mr make some so i i'm familiar with that process and i i take the point of it to be what what i am understanding about it is to to inquire into whether cra policies are in fact providing benefits to their intended beneficiaries and i think we're were part of that were were up providing our own input into that process in terms to the answer to your your your question i think it is currently the practice that those that that the victim such considerations are considered in cra exams it is currently but i am concerned that some want the defangs u c r a and take away as part of the process the history as far as discrimination practices and pattern and so that's why i'm asking you since the fed since the treasury will be looking at a new and i'm a fan i think we need updates era but i believe that in looking at cra you should take into consideration once practice in panning of racial discrimination and i'm asking you sir what is your position on that i haven't taken a position on that i i'm i i wanna see though the overall work that comes out of this and evaluator on that basis that i may well come to the view that that you have but i really haven't haven't thought carefully enough about it i i just want to remind you sir that the cra was congress's response to widespread racial discrimination and in the former redlining new york democrat gregory niks one of the primary reasons of the implementation.
"mr powell" Discussed on Bloomberg Radio New York
"Can help lead to improve productivity which can create a virtuous cycle with wage growth over time yes and in that that is exactly what we hope is happening right now so if you're committing to keep your foot off the break when i was getting ready for this hearing i went back and read something that you said in your very first year on the fomc committee at very first meeting one of the bank presidents mention tighter labour markets and you noted that you haven't seen anything in the way to get the support that struck me is interesting because it got me into thinking about you in you six in my frustration with both and how it's been i think two and a half years since we hit the depth suppose the definition of full employment yet u3 keeps cropping and the definition of full employment keeps chasing it and it made me wonder as it relates to what you said earlier why don't we just why don't we just use wait data to help define what full employment is well we use it as as a factor to look at but i look i i think it's important to to see though that you know for a long time there was slack in the labor market and and that argued for continuing to support lower unemployment we've reached the point where the risks to really twosided now and we need to keep that into account because if we do get behind and the market does up the economy does overeat we don't see that now hasten to add but if that does happen then we'll have to raise rates faster and and that raises the chances of a recession and recessions tend to hit vulnerable populations the most so that's why were raising rates on a gradual path we're trying to balance the risk of of getting inflation up to two percent with the risk of of the economy overheating fair enough mr chair but i would only observe that you tap the brakes ethnic at the expense of the people who have over a long period of time not received a race time an england has expired the true now recognize jill lady from new york miss tindi thank you mr chairman and thank you mr powell i appreciate your long time here and i think on the end of line here for you today so just a couple of.
"mr powell" Discussed on Bloomberg Radio New York
"Footnote so that you know no one gets into any trouble based on what you're seeing now and how you analyse uh let's say global financial markets give us your outlook for the next let's say three years we can wait that long well i i would say that uh over the next day next few quarters we still have the benefits of very strong growth however strong growth also mean that interest rates are going up and as interest rates go up the extreme levels of leverage we've built up in these very accommodative conditions will start showing up in some places now i don't think it's going to show up all over the place but certainly there are places of warning for example if you look at governance late loans they have picked up substantially over the last few years and there are at a much higher level than they were before the global financial crisis so there are pockets of worry which will start showing up as as interest rates speak up i think it's hard to see that at this point whether they'll be a reason for systemic stress but suddenly the they bear watching uh so broadly i think growth for the next few quarters but eventually we have to deal with both the disappearance of of be very accommodative conditions and liquidity as well as rising interest rates let us turn to the new chairman of the federal reserve system arguing that is mr powell help us here with the kind of vicechairman you would perceive as necessary at the fed well i think at this point mr powell have of obviously a fair amount of experience already having served at the fed will gend yellen but he is not an academic economist and i would see somebody is vice chairman who has both an academic background but also iran if fair understanding of policy somebody will straddles both worlds would be ideal and you know what debt that person a male or female has to do is help mr powell as the united states of.
"mr powell" Discussed on Bloomberg Radio New York
"Footnote so that no one gets into any trouble based on what you're seeing now and how you analyse uh let's say global financial markets give us your outlook for the next let's say three years we can wait that long well i i would say that uh over the next the next few quarters we still have the benefits of very strong growth however strong growth also mean that interest rates are going up and as interest rates go up the extreme levels of leverage we've built up in these very accommodative conditions would start showing up in some places now i don't think it's going to show up all over the place but certainly there are places of what he for example if you look at governance late loans they have picked up substantially over the last few years and there are at a much higher level than they were before the global financial crisis so there are pockets of worry which will start showing up as as interest rates speak up i think it's hard to see that at this point whether they'll be a reason for systemic stress but suddenly the they bear watching so broadly i think growth for the next few quarters but eventually we have to deal with both the disappearance of of the very accommodative conditions and liquidity as well as rising interest rates let us turn to the new chairman of the federal reserve system were under mr powell help us here with the kind of vice chairman e you would pursue seve is necessary at the fed well i think at this point mr powell obviously as a fair amount of experience already having served at the fed will gend yellen uh but he is not an academic economist and i would see somebody is vice chairman who has both an academic background but also iran affair understanding of policy somebody will straddles both worlds would be ideal and you know what debt that person a meal of female has to do is help per mr powell as the.
"mr powell" Discussed on Bloomberg Radio New York
"The global economy uh and agree mr powell was gonna come in and then be mr hauck and then rash upi ex uh interest rates you know a really a lot has not change mcneil i think the market perception of inflation got a win what could be this thing though that we are missing potentially law were warned the talkline class know going is throwing last league last year in its youth at the face is that the us the markets are underestimating the fed uh i don't think that again mr collagen me mr hauck but if you look at the fed taught plans versus the fed funds futures the the markets are still underestimating the fed tightening uh and that means you're on your thing inflationary risks uh the markets pay like this year versus three but stayed hasn't dot plots the first think next year and to the you after and that's where the really the difference comes in because the market only painting i think one more after uh this year so this a spate of somewhere between three and four rate hikes between market perception and and defect reception uh eight a lot will depend on where inflation goes ah but i do think that to me the risk is that the market moves towards the fed and not the fed moves towards the market met that could be a little bit more destructive uh obvious for equities um you know depending on the speed of this adjustment but it to me that that's that's the big regret break there anything go uh editor of our markets lie blog you know come on in on what we tend to see in a market environment specially early and on when we've got the fed raising rates i think we've had a couple of stories done on bloomberg over the last few months that you know tip typically early in on a fed rate increasing cycle the market continues to move higher but where are we well carol he you know if you'd asked me to six days ago it would have set the market seems to be thinking we're in the early part of the rate hiking cycle right when when the and you have the kind of think of it in that big circle right when you get down to the bottom and the.
"mr powell" Discussed on X96
"He will never back i i don't think this is the sort of person who would be a recidivist how did he start over after that's what i donor here where do you what's your lifelike after that i mean there are totally worth it my truck was better totally worth it you stand by for years and years years glen kanlaon's sister the guy he mowed down told the she's hurled ward that mr powell's righteous words paled in comparison to the impulse he showed all matt deadly night it's been thirty years since any family member of montainous looked into glands eyes it's been a long time she requested that he never be parole just never be for rolled uh he has apologized for his actions and he said he is a change person so uh let's see now uh spencer cox bill why are lieutenant governor spencer cox yet i he saw the tweet from route radio from hell where you're eating and interviewing the governor and spencer cox as i would have asked for a bite if i'd been there yeah he noted yeah i will always you wouldn't have had to have a bike we'd have given you a hole and i offered governor herbert hand pie and he said he he just by sign off today by the way i offered clifford governor herbert and by then again he may not i mean he politely declined it i don't think it's i think he he was being honesty he oh he has already it already eaten uh let's see what a what else do we have here what are the guts of the that's all foil and it's just a it's a weird picture that was posted it's a palestinian man and he's throwing rocks because of the jerusalem president trump mouthing the embassy here and he's throwing rocks at israeli security forces were and he's dressed as santa claus it's real there's so much done pat i always it's so many layers it's very good uh let's see cardinal bernard law has died said there he was horrible he was eighty six years old uh he was he was a.
"mr powell" Discussed on KNBR The Sports Leader
"And they were going to move this thing through which is exactly what they did this week but what also was super important was we hear testimony about mr powell and mr powell's taking over for dr yellen and he provided an extreme amount i gotta say this is extreme extreme amount of clarity when it comes to interest rates and why that's important is because interest rates could derail this entire thing if it got out of control this is like laser beams on sharks it's just bad clear so he was awesome i thought the guy was very solid mit provided a lot of stability that day to the market he's not going to overdo things he's got a rational basis for for some of the decisions he's making he sees a continual gradual raising he thinks that there needs to be less regulation emma bank stocks did extremely well that day so this is all good news folks this is all extremely good news for the market now thursday was the last day of november and the dow again logged the longest streak of monthly gains had seen and get this twenty years twenty years now i've been doing this over twenty years not much more than a trend but over twenty years and this has been an extremely exciting time this reminds me of the 90s again i was there during 90s working so it was going on this is starting to feel the same but different and all of us explain why we saw the market that viggo up three hundred thirty one points the dow went over twenty four thousand enclosed a twenty four to seven two now you know all this you've heard the news but the fact is that is extremely family great it's a great day the sp five hundred twenty six forty seven that day and the nasdaq 68 73 all big movers big gains this was the best day of the year for the dow and it was all due to another senator moving over to say we're going to get this tax bill done and of course we know what happened yesterday yesterday was another important day friday why well because you heard that mr flynn will testify against the president and that he lied to the fbi now you would think the market moved a dead went down another three hundred fifty points.
"mr powell" Discussed on Bloomberg Radio New York
"And seen the message is in getting through to the financial markets we heard were uh and uh get a little bit like chicken little uh the skies falling the skies following uh and uh people who listen before and they've lost so i think this time people are just waiting for the evidence dow rv that descibed their correct that inflation is gonna be moving higher uh and it's gonna be moving higher a gradual basis uh but i think that i think most traders now we're looking for uh for it actually happened rather than looking for the forecast for to happen something of a of a game of chicken here in terms of of xi when i wouldn't call it that uh you know i think if the evidence shows that there is inflation and a study that's growing uh the market will move on that um but if it's just the last time people have moved on that and then inflations rolled over or something else has happened there's always seen reason why inflation thin develop uh and this has started since the unemployment rate went went below five people talk about inflation's gonna develop shown rate level of five and here we are debating at four near still waiting for inflation uh or near and you're still waiting for information i think this time around people just want to see the evidence rather than um the story behind the scenes what is this again seems to be the hunt to find to rome paul secret rate path as he looks to take over the fed uh figured out which dots on the plot are mr powell's mike espy that they've been they've been uh moving quite closely with janet yellen so if you think you know account yellow thoughts are i'm going to guess that your own pows were pretty close to those uh and you know i also think that uh uh heavily the fact that you know has a pretty consensusdriven organization um and it seems like everyone's but on board with the idea of reducing the balance sheet which in in my opinion textured more important than the rate.
"mr powell" Discussed on KOMO
"The year for his initiative to move forward a year old pierce county man is out of prison after his two thousand fifteen conviction on charges he took sexually explicit pictures of the two young girls who lived next door county prosecutor mark liquid says steven paolo is now free on parole after mr powell was convicted a trial we asked for the maximum sentence the judge in post the maximum sentence and mr powell did all is time powell remain on parole for two years you must register as a level two sexoffender authorities say powell son josh killed himself and his two children by blowing up their home and two thousand twelve josh his wife susan has been missing since two thousand nine is presumed dead right now in the watkin county jail as in the heart of downtown bellingham sticks steps away from law enforced mood could move out to the town of ferndale kohestani metastases those heated debate last night at county council meeting but the decision was made the let the voters design after long debate and discussion county readers voted 43 to put the ordinance on the november ballot and lead voters decide i'm disappointed that our council has decided tip idea motorcycling if it's a cop out and county readers tell me of voter fraud jeff eno then barca this new jail it could be built in about four years komo news time is 12 ten komo sports now an update from the komo sports desk mariner robinson oh highfives american league teammates as they won last night's.