thank you very much, secretary yellen. [applause]

thank you very much, secretary yellen.

— beijing about janet yellen's comments. ,, �* , ., comments.t with a response to _ comments. sure. i'll start with a response to god _ comments. sure. i'll start with a response to god it _ comments. sure. i'll start with a response to god it is - comments. sure. i'll start with a response to god it is really i a response to god it is really unusual. we've seen a published letter from the chinese president xi letterfrom the chinese president xijinping. a couple of comments. the first that the chinese finalisation benefits us firms, something of a sales pitch, and he responded directly to some criticism made by treasury secretary yellin who said for example that china should shift away from a state driven approach to economic policy and said this discourages foreign investors particularly those who might be concerned about their intellectual property going missing or worried about preferential treatment from the chinese communist party to domestic competitors. in his letter xijinping said domestic competitors. in his letter xi jinping said that

the speech by us secretary of the treasury janet yellen outlined how america hopes to minimise a drama between the world's two biggest economies after what is after all a presidential election year. she said that when we disagree, when shocks occur, we prevent misunderstandings from leading to escalation and causing harm. her remarks come as the biden administration is continuing its review of the tariffs that former president donald trump imposed on more than $300 billion worth of chinese goods, to decide whether or not any changes should be made. janet yellen did not address the tariffs directly but said the us was not seeking to decouple from china. the treasury secretary said the biden administration would continue to press china for clarity would continue to press china for clarity on economic policy such as how beijing intends to respond to local government debt and real estate troubles. another priority is to get financial regulators to work more closely together so they can co—ordinate the event of an economic shock. janet yellen is slowly emerging as a key player in the biden

give us your thoughts whether on yellen or the broader markets. >> i think secretary yellen has got twong herself with the soft landing, coming out strongly saying this is the most likely scenario. she's in a camp. number two is, neither she nor the biden administration are getting much credit for this soft landing that supposedly is happening. she has a very novel explanation for why she can have a soft landing. the problem for her is that historically soft landings don't happen very often. it's a very rare occurrence. her explanation for this is that in the past, inflation expectations have become very well anchored like in the 1970s. the fed had to keep raising rates to keep bringing down inflation expectations. her argument is this is not happening, that inflation expectations are not becoming well anchored. she's talking about job openings coming down, that's why she's endorsing the soft landing. she may be right on it. she's not going out on a limb on it. the other problem is not getting the credit for it. she mentioned the consumer confidence number is up. that's about the only t

the speech but you are secretary janet yellen highlights how america hopes to minimise a drama between the world's two biggest economies after what is after all a presidential election year. she said that when we disagree, when shocks occur, we prevent misunderstandings from leading to escalation and causing harm. her remarks come as the biden administration is continuing its review of the tariffs that former president donald trump impose on more than $300 billion worth of chinese goods, to decide whether or not any changes should be made. janet yellen did not address the tariffs directly but said the us was not seeking to decouple from china. the treasury secretary said the biden administration would continue to press china for clarity of economic policy such as how beijing interns to respond to local government that and real estate troubles. another priority is to get financial regulators to work more closely together so they can co—ordinate the event of an economic shock. janet yellen is a slowly emerging as a key player in the biden administration's handling of this challenging rel

yellen: i agree it is an unusual thing to have happen.t certainly takes skill on the part of the fed to calibrate monetary policy properly. but, if you just look at the data, it looks as though that's the path we are on. and i will say this, the last several years, what i've been saying when they asked about the economy is that, i believe it's possible to have a soft landing. there's nothing inherent about those sharks that have hit the economy that make it necessary to have a time of high unemployment to get inflation down. many economists were saying, there's no way for inflation to get back to normal without it in tailing a time of high unemployment or recession. one year ago, i think many economists were saying a recession was inevitable. but actually, i have never felt there was a solid intellectual basis for making such a prediction because as long as inflation -- the times in the united states needed a downturn to get inflation down, those were times like after the oil shocks of the 1970's when inflation expectations clearly had mo

no doubt janet yellen is becoming no doubtjanet yellen is becoming a key player in establishing a betterionship between the world's biggest economies. she made that speech at a dinner last night. what did she outline?— did she outline? essentially she sort of laid _ did she outline? essentially she sort of laid out _ did she outline? essentially she sort of laid out how— did she outline? essentially she sort of laid out how america - did she outline? essentially she i sort of laid out how america hopes to minimise the drama between what are essentially the world's two biggest economies during a presidential election year. a lot of this involves sort of liaising more closely together. so she said, for example, we aim to make our communication resilient so that when we disagree, when shocks occur we prevent misunderstanding. and to stop things escalating. she also said that she plans to make a second visit to china. we're just visit to china. we'rejust going to visit to china. we're just going to break away from world business report to take you to norwich and a police press conference fol

the us treasury secretary janet yellen unveils her strategy for relations with china in the new year.asia business report, i am suranjana tewari. us secretary of the treasury janet yellen has revealed her plans for managing relations with beijing next year. they include a second visit to china and efforts to speed up cooperation on climate change and financial markets. from new york, here is michelle fleury. the speech by us secretary of the treasury janet yellen outlined how america hopes to minimise a drama between the world's two biggest economies after what is after all a presidential election year. she said that when we disagree, when shocks occur, we prevent misunderstandings from leading to escalation and causing harm. her remarks come as the biden administration is continuing its review of the tariffs that former president donald trump imposed on more than $300 billion worth of chinese goods, to decide whether or not any changes should be made. janet yellen did not address the tariffs directly but said the us was not seeking to decouple from china. the treasury secretary said

we will be hearing from janet yellen shortly.re seeing futures trading at the moment. quite a bit of upside in the cash sessions already in asia, despite that pullback, the running out of steam for this fed pivot rally we saw overnight. we are still seeing quite a bit of gains in asia. this is the futures picture, s&p futures looking pretty flat. across the rest of asian markets that are about to join the fray, taiwan futures up about .5%. ftse china up .7%. we could see positivity given it more loosening of real estate regulations plus the data dump due later today. watching dollar china given the backdrop of broader dollar weakness. much more to come, including hearing from janet yellen. this is bloomberg. ♪ i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie s

maria: tell secretary janet yellen that, todd. [laughter] maria: she wrote an op-ed for the in journal titled bidenomis working for the middle class, she said the economy defied for 2023, saying wages are up but there are important things you have to look into in the story because bidenomics is not working. it is what sent inflation up. >> yeah. maria: it's what sent prices to 40-year highs. >> it's a matter of having 0% interest rates for 15 years, that's a big issue. it's the fiscal stimulus. all the stimi checks that hit the mailboxes, that obviously caused rampant inflation which it's just absolutely killing the middle class and you know, with all the talks about jobs added the number of people working multiple jobs is at an all a-time high. that is not the american dream. maria: having two or three jobs. >> you want to be successful in your one job. you don't want to have to work three so you can put food on the table for your family. maria: that's not in the op-ed from glaxosmithkline that wasn't -- from janet yellen.>> to j

. >> laura: surely janet yellen pushed back, right? yeah, right. she used the opportunity to attack trump for actually having stood up to china. >> the trump administration failed to make new mexico state at home while also neglecting -- to make investments at home while neglecting our partners and allies, damaging our global standing, and meant significant missed economic opportunities for american firms and workers. the biden administration has course-corrected. >> laura: in a sense she's right. the biden administration has course-corrected away from trump's policies of putting america first and back to the old regime of giving china a blank check and an open border to our country. but if the polls we mentioned are correct, the course is going to be corrected again next year back to serving the american people joining me now charlie herd, opinion editor of "the washington times," and a fox news contributor, and ceo and cofounder of the federalist. charlie, when you watched this gala last night, it made your stomach turn for a lot of reasons. ther

the biden-yellen fed meeting of the last few days.isa: a little awkward because you will hear from fed chair jay powell and we are not there yet. the last mile could prove to be difficult. there is a political sell in the message is not getting through and there is a frustration and you can hear that consistently. people are getting more forceful. janet yellen and president biden saying the prices are coming down in certain areas and inflation is coming lower. it is not breaking through. tom: i have adored her work. where in god's name is her voice in this? jonathan: a nice blog post that is worth the read. not invisible but silent a lot of the time. tom: i enjoyed when she speaks. jonathan: two very sharp individuals in the economy. don't hear from them often enough. from new york, this is bloomberg. ♪ hi, i'm jason. i've lost 228 pounds on golo. so when my doctor told me i needed weight loss surgery, i knew i had to make a change. golo's helped me transition to a healthier, sustainable lifestyle. i'm so surprised just how crazy my m

janet yellen has revealed her plans for managing relations with beijing next year.are secretary janet yellen highlights how america hopes to minimise a drama between the world's two biggest economies after what is after all a presidential election year. she said that when we disagree, when shocks occur, we prevent misunderstandings from leading to escalation and causing harm. her remarks come as the biden administration is continuing its review of the tariffs that former president donald trump impose on more than $300 billion worth of chinese goods, to decide whether or not any changes should be made. janet yellen did not address the tariffs directly but said the us was not seeking to decouple from china. the treasury secretary said the biden administration would continue to press china for clarity of economic policy such as how beijing interns to respond to local government that

thank you very much, secretary yellen. [applause] >> now, retiring republican congressman kevin mccarthy discusses former president drums 2020 four campaign, despite the generally six attack on the u.s. capitol. he touches on his removal as house speaker and his decision to retire from congress. this conversation took place during the wall street journey -- journal ceo council summit. >> just over two months ago you were speaker of the house of representatives. second in succession to the presidency. two heartbeats away from the oval office. two weeks time you're stepping down from congress. how do you feel -- is this a liberation for you or are you grieving a sense of loss? he stuck it out. rep. mccarthy: i won the good fight. >> in the course of the next nine months you did get important things done and i'm sure you want to talk about that. and then, historically, your ousted, the first speaker to be ousted. the house republicans went through another three or four recessions. given all of what we've seen in the last year

treasury secretary janet yellen. u.k.confidence edge higher rising to its highest level of almost two years. the sentiment measure increase by two points to -22 as households look forward to lower inflation in 2024. respondents to personal finance as well as the wider economic situation. here is what we are looking at 42 today. a preliminary december pmi's from across europe this morning. we kick off with friends at 8:15, germany at 8:30, and the u.k. at 9:30. watch for higher volumes and volatility, and that 2:45 p.m. u.k. time we get pmi data from the u.s. atlanta fed president at 5:30 is scheduled to speak on the u.s. of business outlook at harvard business school. still a busy day despite all of the central bank decisions this week, but we will discuss them with the head of european rates strategy at bank of america. the conversation coming up next. this is bloomberg. ♪ >> should we lower our guard? we ask ourselves that question. no, we should absolutely not lower our guard, and i will give you two good reasons for t

-china business council, where we have been hearing from janet yellen. these china assets in light of the data that came out of the top of the hour, retail sales, industrial production, industrial output up .87% on the month, november retail sales down a smidge, .06% on the month, compared to october. there we go, the yuan just a little weaker, the 10 year yield unchanged, the csi and prosody of terrain -- the csi in positive terrain. copper and commodities on their way up. amongst the commodities, gold is doing great guns, a price of 2203 per ounce. general market movers, what are they telling if? yvonne: pivot party on this friday. even though we heard commentary from lagarde and andrew bailey from the ecb and boe, it is still giving impetus maybe in fact this november rally and december rally can continue post fomc. the property stocks in china, that is lifting it, but you are talking about a dollar that is more mixed. commodities are slightly a bit up. gold prices. copper prices and shanghai are up close to 1% right now. still ahead on bloomberg mark

yellen said what exactly, we are listening. i have spoken to members of congress, and my colleagues have also spoken to them. i think the congressmen understand that this is a terrible situation, and that it is we who can be blamed for the defeat. of ukraine, if we cannot provide the ukrainian government with the necessary funding, i mean direct budget support, which is extremely important, and one more piece of information, the night before yesterday, returning to on the plane with us president joe biden on the way to washington from massachusetts, the adviser, the first deputy press secretary of the white house, olivia dalton, said on board the plane that joe biden would never back down from his words that the us would help ukraine so much, how much will it take to win, never in life. well, the government of the united states of america has almost reached the bottom, the barrel of money that goes to help our country. this was stated by the official representative of the us state department, miller, during the briefing. for hi

secretary yellen was very specific. said that would be a disaster for the american and chinese economy and the global economy. i was with her last night we would go spoke at the gala dinner of the u.s.-china business council. she went through this again and said we are not trying to decouple. president biden said at his press conference in california that we are against decoupling so we are not trying to tear this relationship apart. jake sullivan came here in a very important speech and i read the q and a firm brookings last spring and it's really important. he said we are not decoupling but we have to de-risk. what does that mean? the fundamental lesson we drop in the pandemic is that you don't want to have undue reliance on critical material and critical supplies from a country that might practice economic coercion against you in a crisis. you want to bring the supply chain for certain products closer to home. the united states itself or mexico or ireland are trusted sources. jake focused on what secretary raimondo i

janet yellen said they're being spent gradually down. is that, there's the student loan payment resumption's, there is, you know, fewer s.n.a.p. benefits. you can make arguments on both sides, but i guess jobs is key. >> that's exactly right. all those factors play a piece. jobs are the most important. for general consumer spending. >> got it. thank you, brian. brandon hagel, appreciate, it from oppenheimer. up next, betting on a box office boom. the strike may have hit hollywood hard, but now hopes are high for strong holiday season. we're going to break down the stock that could benefit the most when closing bell comes right back. right back. they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock?

but janet yellen is just i'm waitinr thatg that 50 year a gentlemen, good to see you. have a great weekend. e freak all right. >> the freak show comes to the white house. but why should any of usurprise? up next, my angle on the left'ss attempts to mainstreamts' the fringe. . >> yeah, it's happening here thn in different ways. in different ways. >> for me to screaer.♪m foralk. colon cancer, it's time to use my voice. i've got a choic♪knew just e. n or they want to.co i sat down with my dog. we had a talk. and you just want to say i askedno for a color guard and di it'sd e my way. >> the color guard is a one of a kind way to screen for resu colon cancer. effective and noninvasive is for people 45 plus an is for people 45 plus an average risk, not high risk. false positive. the negative results may occur. ask your provider for cologuard. cologuard. just go. i just got a text from my sister. you remember rick, her neighbor ? >> sure. he's the 76-year-old guy he's the 76-year-old guy who still runs marathons right? sadly, not anymore. th soe sudden. >> we're not about to h

secretary yellen was very specific.she said that would be a disaster for the american and chinese economy and the global economy. i was with her last night we would go spoke at the gala dinner of the u.s.-china business council. she went through this again and said we are not trying to decouple. president biden said at his press conference in california that we are against decoupling so we are not trying to tear this relationship apart. jake sullivan came here in a very important speech and i read the q and a firm brookings last spring and it's really important. he said we are not decoupling but we have to de-risk. what does that mean? the fundamental lesson we drop in the pandemic is that you don't want to have undue reliance on critical material and critical supplies from a country that might practice economic coercion against you in a crisis. you want to bring the supply chain for certain products closer to home. the united states itself or mexico or ireland are trusted sources. jake focused on what secretary raimond

charles: yellen says we're in a sweet spot. if i fell off a 20 story building at the 10th floor it will be breezy, nice i'm okay. this ain't too bad! >> very refreshing at that point in time. i think that is exactly the issue. if you look trajectory of inflation, other commentators made that pce will come in below the 2% target before we fully factored in the full impact of all the rate cuts. we acknowledge there is a lag in terms of that component it does feel like we're decelerating too far. do we introduce more stimulus. administration has the inflation reduction act by is ridiculous because it can be used for stimulating. what we've seen the fed is starting to price in cuts but they were already, right? they have raised the dot plot slightly at the front of the year. now we have this real question, how does powell come out? does he guide to the first half of the year, guide to the second half of the year, push back on easing financials conditions, et cetera. charles: financial conditions, they all of sudden made this sharp

the main obstacle here is that for the past year or so, janet yellen the treasury secretary has declared publicly that seizing the $300 billion that russia inexplicably left in the united states, in the europe, dollar denominated accounts in the world, would be illegal, that congress needed to pass a new law that would enable the money which has been frozen since the invasion to be turned over to ukraine. what we're reporting in the "times" today is that in fact the u.s. is now reconsidering that view. and it has become intensive behind the scenes discussions with the g7 countries about what might be done to get some of this money into the hands of ukraine. and of course the reason is obvious. with congress paralyzed, it may or may not turnover money to ukraine over the next year, it seems unlikely that ukraine would get the kind of mean it has gotten in the past two years from the united statess, so the are desperate for another source. >> fascinating reporting. and you've done a lot of work in your career on the threat of disinformation and you've long warned about the potential threat

janet yellen took a victory lap writing in the wall street journal that despite the gloomy forecast, is working for the middle class. so why didn't we have a recession this year that was so widely predicted? >> a lot of economists are still noodling that but 5% rate that the fed took interest rates to our little more was not a killer rate. they got back to something more normal. normal is probably lower than that but wasn't enough to kill the economy. the us economy remains the best place to be in the world. if you are talking about competitive markets, the us remains at the top of the pack. the third thing has to do with productivity. a lot of companies invested in, because of the labor shortage, things to make them more productive and that has paid off in the long run. paul: does this mean bidenomics is working like a charm and as predicted? >> the idea of a lag in economics, this has been quite a lag. taking the essential point, the american economy was strong before the pandemic. it was doing well firing on all cylinders but was shut down. you can't overstate the effect of shutti

janet yellen is -- reiterating the need for the united states to reduce its overreliance on china andey supply chains, saying that dependence makes the country more vulnerable to risks. yellen also touted the recent -- economic data that suggest the fed could be on track to end its tightening cycle. reporting the hong kong south china -- reporter is reporting to be unreachable since traveling to china to cover a defense forum. according to kyoto news, a china national, attended the beijing forum in october and has not returned since. hong kong media operator -- one country, two sisters framework which was set up in 1997. tiktok's ceo and other top executives met recently with 40 influential leaders who are pushing for moderation of antisemitic content and questioning why pro-palestinian videos were so popular on the app. anthony goldberg of a.i. venture showcase dated analysis of tiktok contact and a letter signed by 90 professionals arguing that the app needed to uphold its commitment to prevent hate. a lot more on the way. let's look at major markets in the region. this is bloomberg

secretary yellen delivers remarks in washington, d.c., and expected to highlight the treasuryepartment priorities for the u.s.-cha economic relationship. watch living coverage at 7:45 on c-span and online at c-span. org. >> week nights at 9:00 eastern encore presentation of our 10-part series books that shape america, c-span partnered with the library of congress on pieces of literature. monday night, a 47 page tablet written by thomas payne. watch c-span "books that shaped america" on c-span. or go to c-span/dorgan learn more about each book's features. >> up next, british prime minister fielding questions from members of the house of commons. the prime minister talks about the party's recent tax cuts and home building in the country and asked about the

today, treasury secretary janet yellen speaks at the u.s.-china business council's 50th anniversary dinner in washington, d. where she's expectedo highlight the treasuryepartment's priorities for the u.s.-china economic relationship in the coming year. watch live coverage beginning at 7:45 p.m. eastern on c-span. on the free c-span now app. or online at c-span.org. >> week nights at 9:00 eastern, c-span's encore presentation of our 10-part series "books that shaped america." c-span partnered with the library of congress which explored key piece of literature that had a profound impact on our country. monday night we feature "common sense," a 47-page pamphlet written by thomas paine. watch the encore presentation of "books that shaped america," w.e.c. nights at 9:00 eastern on c-span or go to c-span.org/booksthatshapedameric a to learn more about the series and the books featured. >> this year, book tv marks 25 years of shining a spotlight on leading nonfiction authors and their books, with talks from more than 22,000 officers, nearly 900 cit

en su primera visita mÉxico janet yellen anunciÓ un golpe directo a la pandilla leiva .ructura portuaria para importar los precursores, nos dice el experto en narcotrÁfico ricardo romero. >> los precursores quÍmicos entran por las aduanas, entran por aeropuertos. >> son los chapitos y el cartel leiva a los Únicos involucrados en el trÁfico de fentanilo a estados unidos? >> estÁ tambiÉn el cÁrtel de jalisco nueva generaciÓn. >> son 15 personas y dos empresas relacionadas con el cartel leiva, quienes verÁn interrumpidos sus flujos financieros en estados unidos. >> los carteles tienen su red de operaciÓn en estados unidos. >> sumado a estas sanciones, hoy el departamento de justicia de estados unidos acusÓ a 60 extranjeros, entre ellos 12 mexicanos por trÁfico de drogas, en ocho casos llevados a cabo en illinois, california y el distrito de columbia. las acusaciones se dan mientras las oficinas de aduanas informaba que el decomiso de fentanilo en la frontera sur cayÓ mÁs del 50% gracias a las sanciones impuestas contra 28 miembros del cÁrtel de sinaloa. elian: una mujer de

janet yellen is somebody saying she's not worried about inflation right now.for the fed to manage a soft landing in the prospects of an old landing with the economy does not slow down that is gone down to the prospects have gotten better i think soft landings require lock, they go back a year ago and you look at what the worries were for the year ahead people thought europe might freeze to death and cut cut off energy from russia and how will they manage covid when you have a big commodities boom as china came back online we avoided both of those things, policymakers in the global economy got lucky around a year ago we had a banking crisis this year that really did not turn into something terribly serious and inflation has improved quite rapidly over the last six months. the core cpi is a six month annualized 2.9% the six months before that we were at 5.1, skill is going to be really important to pull off this improbable soft landing. maria: she also said hi long-term rates should put stress on the fiscal outlook, no kidding we already see stress and a number

these are answers that we need from secretary janet yellen. the executive branch largely has tools it needs to sanction state sponsors of terrorism. this administration needs to actually use those tools that are in their toolbox and enforce them. we need to return to maximum pressure posture towards iran, squeezing iran financially dry. i also want to address one more important topic. about this issue here at home. in a literal sense. on college campuses and in cities across the country, including this week and our nation's capitol city and even in the halls of congress, we have seen anti-semitic protests justifying and even glorifying the actions of hamas. this is spreading propaganda and it is absolutely unacceptable. i never thought in the united states of america, in this time, we would struggle to just call evil evil. the actors of hamas should not be applauded, celebrated, or appraised by any american they are not only contrary to the core values of our nation, but to every fiber in our being. remember, the state of israel was created fo

with janet yellen.id you get what you wanted in terms of secure commitment with aid and money to ukraine? >> we are well aware of the work the united states are doing and how invaluable their efforts are. when i had the opportunity to meet with yellen and chairman powell, the message that i am offering and making to the different audience is that to underline the scale of effort that europe is involved in, to fund the ukrainian economy and support their people with the costs of the war, to demonstrate the cable -- the scale of commitment we have their. we are aware of the work president biden's administration has done and their efforts to secure agreement for future funding, which is so important to how we protect democracy across europe and the world. >> in our last-minute, very quickly if you could tell us about that working relationship with the president of the united states when it comes to the steel tariffs that still stand from the trump era. the united states seems to be working closely on that

let's take a look at what -- host: let's take a look at what janet yellen said.he outlined factors that helped lower inflation without weakening the economy. [video clip] >> i think there were significant supply disturbances that were caused by the pandemic. shortages, big shifts in the structure of demand that went to sectors like automobiles that were faced with enormous excess demand, shortages of chips, shipping, huge increase in shipping costs from asia. supply disruptions have gradually come down up i cannot say exactly how much that has contributed to lower inflation, i think that has been a factor. you also had enormous disruption in the labor market with a very significant number of people laid off or losing their jobs who need to find new work. i think that led to disruptions in the labor market. they are also gradually healing. the rate of unemployment is coming down as people settle into new jobs. that is a very disruptive process we saw. not only desperation on the part of firms as the economy picked up and they were desperately trying to add to thei

charles: this week janet yellen has been talking about the economy saying it is in a sweet spot.ons we are, these are weigh stations along the route, we don't know where we end up. according to 1 wall street firm, all but the top 1% of consumers will be worse off than before the pandemic by june 2024. freedom works in your economic contributor steve moore, the excess cash, there is a debate whether it is 500 billion or 400, it is not $2.1 trillion. other signs of the economy sagging here but the narrative from the stock market point of view is no recession. >> the economy is better off today than it was a year ago. this time last year we were talking 9% inflation. we have now this is the thing the white house doesn't seem to get. roughly 20% increase in prices is baked in the cake. that is forever. that is why every poll you look at the last two years 70% of the american people say their finances are worse off. that is not a sweet spot. i've said this on your show. 22 of the last 25 months people's wages have fallen behind inflation. charles: there were times they were a little a

today treasury secretary janet yellen speaks at the u.s.-counsel and highlight the treasury deparent's priorities for the u.s.-china economic relationship in the coming year. watch live coverage at 7:45 on c-span or online at c-span. org. >> friday night, watch c-span's 2024 campaign trail, a weekly roundup of campaign coverage to discover where the candidates are traveling and what they are saying to voters and firsthand accounts updated poll numbers and campaign ads watch c-span 2024 campaign trail on c-span, online at c-span. org or download the podcast on c-span dlip now. your unfiltered view of politics. >> watch the best of c-span's on sunday. "the great pretender about a 1973 experiment led by a psychologist tested psychiatric hospitals and the impact on the profession. sunday night at 8:00 p.m. eastern on c-span. listen to all of our podcasts on c-span now app. >> healthy democracy doesn't just look like this. it looks like this where americans can see democracy at work and our republic thrives. get informed, straight from the sourc

janet yellen taking a victory lap on the economy, she says the situation for the middle class has improved. not exactly true. kelly saberi join ising me now. more importantly, do voters think the economy has improved? >> reporter: david, it's top of mind for voters. you know, we have fox business polling that shows 38% of iowa republicans are most concerned about the economy followed by immigration and then foreign policy. if i spoke to people on chicago's magnificent mile this morning to see if they agree. take a listen. >> in my opinion, money has been a little bit tighter. honestly, it's been quite the hole in the wallet type of situation. >> reporter: writing in the "wall street journal," treasury secretary janet yellen said, quote, because wages have risen more than prices since 2019, a worker earning the median wage can today buy the same basket of services in 2019 with nearly $1,000 left over to save or spend. let's break down what the department of labor is saying. the bureau of labor statistics indicates that the average hourly earnings have gown down -- gone down 2.8 better betwe

yellen: they are both great. i'm a lucky person to have had either of them. i'm very grateful for the opportunity. >> on that note, we are grateful to have had you join us this morning. thank you very much, secretary yellen.rney -- journal ceo council summit. >> just over two months ago you were speaker of the house of representatives. second in succession to the presidency. two heartbeats away from the oval office. two weeks time you're stepping down from congress. how do you feel -- is this a liberation for you or are you grieving a sense of loss? he stuck it out. rep. mccarthy: i won the good fight. >> in the course of the next nine months you did get important things done and i'm sure you want to talk about that. and then, historically, your ousted, the first speaker to be ousted. the house republicans went through another three or four recessions. given all of what we've seen in the last year, given the divisions in the republican party, given the fact a small number of people, that those eight can hold the party hostage, is the republican party ungovern

but yesterday, the treasury secretary janet yellen said she's hopeful. >> consumers are beginning tong down and although wage growth has moderated some, it remains healthy, and inflations come down. and now, real earnings are going up. and so, gradually, overtime, i think people will feel better about the economy. >> reporter: gradually over time, i think people feel better about the economy. joining us now are longtime friend and colleague christine roman. and news senior business correspondent. you and i ruminate on this topic a lot, what's the disconnect between 3. 7% unemployment, inflation 3. 1% is largely where people think inflation can exist. what's going on between what's happening and what people are saying they feel? >> ali, i think those inflation scars are really deep, and it will take a lot of time to heal those wounds. and i think that's what the treasury secretary was sort of suggesting, that overtime, people will realize that the worst of the inflation is behind us and that things are getting better. that inflation situation was pretty scary coming out of the pandemi

>> sarah was speaking with janet yellen and yell and made a strong case with a soft landing. a very compelling argument saying one of the reasons i'm getting into the soft landing camp, she said, is because in the past inflation expectations were not well anchored like in the 1970s. expectations that inflation would be higher for much longer and she made the case saying that's not what is happening here and that's one of the reasons we don't feel the need that will have to be suddenly high unemployment. she made the case with a soft landing on the idea that inflation expectations were higher for longer and that would not be happening. she got a gift from the fed. pce cora 2.4% pickett was 2.6. fed funds 4.6? that's quite a drop. 0.5% from prior expectations that the federal reserve has some expect haitians as well that inflation is not going to be a pertinent point of the landscape. yellen is quite happy with what she sees from them. >> rick, if you were to give a grade to the bed and its statements, what would it be? >> i think so far i would probably give it a b- or a c+ pi

but yesterday, the treasury secretary janet yellen said she's hopeful. >> consumers are beginning togh wage growth has moderated some, it remains healthy, and inflations come down. and now, real earnings are going up. and so, gradually, overtime, i think people will feel better about the economy. >> reporter: gradually over time, i think people feel better about the economy. joining us now are longtime friend and colleague christine roman. and news senior business correspondent. you and i ruminate on this topic a lot, what's the disconnect between 3.7% unemployment, inflation 3.1% is largely where people think inflation can exist. what's going on between what's happening and what people are saying they feel? >> ali, i think those inflation scars are really deep, and it will take a lot of time to heal those wounds. and i think that's what the treasury secretary was sort of suggesting, that overtime, people will realize that the worst of the inflation is behind us and that things are getting better. that inflation situation was pretty scary coming out of the pandemic. i also think that

. >> today treasury secretary janet yellen speaks at the u.s.-china business council 50th anniversary dinner in washington, d.c. where she's expected to highlight the treasury department's priorities for the u.s.-china relationship in the coming year. watch live coverage beginning at 7:45 p.m. eastern on c-span. on theree c-span now app or online at c-span.org.

>> well, i can't top janet yellen's quip. i think it was unintentional, but it was quite brilliant.exactly. tomas, what are the implications here? jim said a minute ago that there isn't really an alternative, and that's what's keeping the dollar afloat, because you you don't have an alternative. but do you worry this is damaging the fundamentals of this economy? >> well, the fundamentals are growth which we do not have a lot of recently. and it's amazing how little growth we have given that, essentially, we have the largest noncrisis deficit recorded. we had larger in the financial crisis and in the covid crisis, but in a noncrisis economy, we have the largest deficit. in addition, we have typically an economy grows a lot quicker after a downturn. so it's like a pendulum. the more it swings, the more it swings back. but that has not happened under both obama and biden. it's been very, very slow return of growth of after those recessions, essentially. and i think it's just due to this excess i focus on finish excessive focus on the government as opposed to the private sector. in fact

us treasury secretary janet yellen has warned that the us would be "responsible for ukraine's defeat"r comments echo ukrainian president volodymyr zelensky�*s chief of staff who earlier said ukraine is in danger of losing its war against russia without more us aid. but approval for that aid has stalled. since the war began, congress has approved more than $110 billion in military and economic aid to ukraine. the biden administration says that money is running out. us senators are now negotiating a spending package that would total $106 billion, including funding to ukraine, israel, taiwan, and us—mexico border security. it's the border funds that have caused the dispute. a classified senate briefing on ukraine tuesday broke down into a shouting match over border security. republican senators want stricter policies to tackle the migrant crisis. but democrats say aid to ukraine cannot wait. speaking to reporters after touching down from boston, president biden called for the aid to pass. the failure to do this is absolutely crazy. it is against us interests and the interests of the worl

there is also the statement of the secretary of the treasury of the united states of america, janet yellenaid that the united states will be responsible for the defeat of ukraine if congress does not approve. the last multi-faceted request of the biden administration for help to ukraine, i spoke with members of congress, my colleagues also talked to them. i think the congressmen understand that this is a terrible situation, and that it is we who can be blamed for the defeat of ukraine, if we cannot provide the necessary funding to the ukrainian government, i mean direct budget support, which is extremely important, well , we see that in washington... such a situation is quite serious, and i understand that the internal situation, to which attention is focused, including the americans, or what is happening in the congress and in the senate, now mr. valery, well it is a common debate there between republicans and democrats that we live this information, because it concerns our lives and our security, or whether this is a problem for american society and for americans, whether they are includ

vamos con las acciones arrancando el partido yellen hürsch. buscaba brown y ward con este milagro.o es brandon hyuk y los niners ya tomaban la ventaja en filadelfia. christian mccaffrey siempre un tren imparable. el rush de los niners y así la ventaja comenzaba a ser mucho más amplia para el equipo de la bahía. el show de blue samuel fue, pues, de película. esta fue la primera corrida de divo que iba a tener 3 touchdown ante los higos. la rapidez y la inteligencia para encontrar los espacios. primer touchdown de los eagles y ven aquí. gwen kurtz pisó de manera deliberada los rivales. queremos pensar que no, pero la gresca, la que se armó. pues sabemos la rivalidad entre niners y eagles. blakespear hardy para el inatrapable imparable diva y esto comenzaba a ser. una falta 4. touchdown y con. y completó. 314 yardas. taraval 3. touchdown y corrió 116 como receptor aquí el touchdown de jennings. y, bueno, les puedo decir que fue una mega paliza. 42 a 19 fiesta de los niners en filadelfia. vamos a escuchar a kelsang. and i just love how excited and ready our team was for this game. >> a

had, or for example, you look at the banking crisis of march 2023 in the united states, which janet yellen, the secretary of the treasury of the united states , said that this crisis, if it continues , may cause the economic collapse of the american economy . why does this crisis occur because that inflation is caused by the pressure of energy costs in the economy america caused america to start a contractionary monetary policy, contractionary monetary policy caused the interest rate to increase in the american economy, the value of assets, mainly bonds for financial intermediaries for the banking system in the united states , to decrease and the balance sheet to decrease. the american banking system has upset some of the most important american banks, including the silicon valley bank, signature bank, and a series of large american banks. specially and the collection of these wasted experiences have influenced americans and europeans not to expand the scope of the war and influence in the field of energy. don't let them see right now, which means in the third quarter of 2023, according to

la secretaria del tesoro de estados unidos, janet yellen, está de visita en méxico . >> the illicit drugienes integrantes y 2 empresas identificadas como parte del cártel mexicano de los beltrán leyva y aprovechando esta información, queremos recordarle que existe ayuda disponible en español las 24 horas del día. >> el número gratuito aparece en su pantalla corte comercial. >> mire para promover el regreso de los salvadoreños a su país, el gobierno está anunciando nuevos incentivos para que más personas consideren vivir e invertir en el salvador. ya le tenemos este reporte, sobre todo , no solamente ser un negocio, 1 también debe de ser como humano. >> a las 18:00 de la tarde lo llevaremos hasta brentwood a conocer un negocio que deleita a sus comensales de una forma muy dulce. >> ya estamos muy cerca de la navidad, ya muchos han puesto sus decoraciones, pero hay que tener cuidado al colocar las luces o los adornos. ya le decimos el motivo y en vísperas de las elecciones presidenciales en méxico, el próximo 2 de junio de 2024, el consulado general de méxico en san josé estará llevando a

us treasury secretary janet yellen has warned that the us would be "responsible for ukraine's defeat"her comments echo ukrainian president volodymyr zelensky�*s chief of staff, who earlier said ukraine is in danger of losing its war against russia without more us aid. but approval for that aid has stalled. since the war began, congress has approved more than $110 billion in military and economic aid to ukraine. the biden administration says that money is running out. us senators are now negotiating a spending package that would total $106 billion, including funding to ukraine, israel, taiwan, and us—mexico border security. it's the border funds that have caused the dispute. a classified senate briefing on ukraine tuesday broke down into a shouting match over border security. republican senators want stricter policies to tackle the migrant crisis. but democrats say aid to ukraine cannot wait. the senate is set to vote on the aid package wednesday. but it's unclear if it will get enough republican support to pass. over in the house, speaker mikejohnson reiterated republican calls for bo