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Jan 28, 2024
01/24
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the federal reserve system stood idly by. when it had the power and the duty and the responsibility to provide the cash that would have enabled the banks to meet the insistent demands of their depositors without closing their doors. the way runs on banks can spread and can be stopped as a consequence. of the way our banking system works, he said he'll think that when you take some cash to a bank and deposit it, the bank takes that money and sticks in a vault somewhere to wait until. you need it again to turn it back over you. okay. how would you like this? but turns 45 and five. okay the bank does no such thing at takes. a large part of what you put in and lends it out to somebody else. how do you suppose it earns interest to pay its to pay you something for the use your money? the result is that if all depositors, all the bank's tried all at once to convert their deposits cash, there wouldn't be anything like enough in the banks of the country to meet their demands. in order to prevent such an outcome, in order to cut short
the federal reserve system stood idly by. when it had the power and the duty and the responsibility to provide the cash that would have enabled the banks to meet the insistent demands of their depositors without closing their doors. the way runs on banks can spread and can be stopped as a consequence. of the way our banking system works, he said he'll think that when you take some cash to a bank and deposit it, the bank takes that money and sticks in a vault somewhere to wait until. you need it...
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Jan 28, 2024
01/24
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the federal reserve system stood idly by.en it had the power and the duty and the responsibility to provide the cash that would have enabled the banks to meet the insistent demands of their depositors without closing their doors. the way runs on banks can spread and can be stopped as a consequence. of the way our banking system works, he said he'll think that when you take some cash to a bank and deposit it, the bank takes that money and sticks in a vault somewhere to wait until. you need it again to turn it back over you. okay. how would you like this? but turns 45 and five. okay the bank does no such thing at takes. a large part of what you put in and lends it out to somebody else. how do you suppose it earns interest to pay its expenses or to pay you something for the use your money? the result is that if all depositors, all the bank's tried all at once to convert their deposits cash, there wouldn't be anything like enough in the banks of the country to meet their demands. in order to prevent such an outcome, in order to c
the federal reserve system stood idly by.en it had the power and the duty and the responsibility to provide the cash that would have enabled the banks to meet the insistent demands of their depositors without closing their doors. the way runs on banks can spread and can be stopped as a consequence. of the way our banking system works, he said he'll think that when you take some cash to a bank and deposit it, the bank takes that money and sticks in a vault somewhere to wait until. you need it...
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Jan 4, 2024
01/24
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guest: the federal reserve is part of the federal government ends was created by the federal reserve act in 1913 and passed by congress and signed by the present and revised several times since then. chairman jay powell was appointed by president trump and then president biden and confirmed by the senate. board members are appointed. they have this independence, a structure in a 14 year term where they have some kind of protection from political influence. you don't want them setting interest rate policy to help people win the next election. you want them to do what's best for the economy in the medium-term. the reserve banks around the country, there is 12 of them. those are kind of unusual public/private structures of they have a board of directors and are involved in local businesses and community leaders and they are not appointed by the president of they are little less democratic. they are overseen by the board of governors in washington even though it has layers of independence, is a federal agency. there is deftly some truth that central banks and the federal reserve are unus
guest: the federal reserve is part of the federal government ends was created by the federal reserve act in 1913 and passed by congress and signed by the present and revised several times since then. chairman jay powell was appointed by president trump and then president biden and confirmed by the senate. board members are appointed. they have this independence, a structure in a 14 year term where they have some kind of protection from political influence. you don't want them setting interest...
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Jan 11, 2024
01/24
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FBC
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the federal reserve, wait, federal reserve beholdenned to woke dei ? i'm read you are some of the dii drills they had at the federal reserve. you will not believe it, i don't believe it, i used to work for the fed, oh, my gosh, we have judy shelton and steve forbes, they will weigh in, you can catch kudlow, monday, friday, 4 p.m. on fox business. if you can't get us at 4, text your favorite 9-year-old, she will show you how to dcv the show -- dvr the show and you will never miss a single dei for the federal reserve. how about that. i am (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so
the federal reserve, wait, federal reserve beholdenned to woke dei ? i'm read you are some of the dii drills they had at the federal reserve. you will not believe it, i don't believe it, i used to work for the fed, oh, my gosh, we have judy shelton and steve forbes, they will weigh in, you can catch kudlow, monday, friday, 4 p.m. on fox business. if you can't get us at 4, text your favorite 9-year-old, she will show you how to dcv the show -- dvr the show and you will never miss a single dei...
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Jan 2, 2024
01/24
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CSPAN3
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so if we have a federal reserve. they should be more accountable to congress and they be more accountable to everybody by this is what we're going to do. and he wanted them to grow the supply of money at a fixed rate eventually he said something about 4% would be good and it needs to grow because you need to have economic growth, demographic change, expansion. you can't have a flat money supply, but if it's growing at a steady rate, everybody can make their and their predictions around that steady rate and then what should happen? we should forget about monetary policy if. we do it right. we should completely forget about it. and it sort of shouldn't matter because it's background noise. and then the other factors, such as innovation, productivity growth, you know, change over time. these should be what drives, economic growth? so so again, while we don't talk a monetary growth rule per say, the sort of modified creations that were made to that idea by bankers and by monetary economists, basically came out to where w
so if we have a federal reserve. they should be more accountable to congress and they be more accountable to everybody by this is what we're going to do. and he wanted them to grow the supply of money at a fixed rate eventually he said something about 4% would be good and it needs to grow because you need to have economic growth, demographic change, expansion. you can't have a flat money supply, but if it's growing at a steady rate, everybody can make their and their predictions around that...
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Jan 4, 2024
01/24
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when will the federal reserve cut interest rates? minutes from the last meeting hint they may have to remain high for some time. welcome to world business report. i'm lukwesa burak. we start here in the uk where it's been calculated that in just over an hour's time. the bosses of britain's biggest companies will have made more money in 2024 than the typical worker will all year. that's according to the think—tank, the high pay centre — who have calculated that the average pay of top bosses will overtake the average full time workers annual pay by 1300 gmt today. joining me now is susannah streeter. happy new year. anybody looking at those and struggling on an annual salary of 34,963, the average, will be aghast. take a through the figures. be aghast. take a through the fiaures. . , be aghast. take a through the fiaures. ., , ., , be aghast. take a through the fiaures. . , ., ,, figures. it really does stick in the craw, figures. it really does stick in the craw. doesn't _ figures. it really does stick in the craw, doesn't it? _ figur
when will the federal reserve cut interest rates? minutes from the last meeting hint they may have to remain high for some time. welcome to world business report. i'm lukwesa burak. we start here in the uk where it's been calculated that in just over an hour's time. the bosses of britain's biggest companies will have made more money in 2024 than the typical worker will all year. that's according to the think—tank, the high pay centre — who have calculated that the average pay of top bosses...
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Jan 10, 2024
01/24
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CSPAN
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reserve is literally a mink that's the goal of the federal reserve to make us earn the same amount ofmoney because that is how they judge their inflation rates it. so vivek would change the whole purpose of the federal reserve he would get a chairman who would agree with him that the goal of the federal reserve should be stability of the united states dollar as a unit of measurement. this change happened decades ago back in the 70s where instead of being tied to goals we became a fiat currency basic of the chairman of the federal reserve can decide at whim how much of dollars worth. and when they decided that is when suddenly we went from three or 4% gdp growth in this country to now we are barely one or 2%. suddenly we have not had real wage growth in this country for a majority of americans in decades. it's basically plateaued while prices have continued to go up. so what vivek would say as it should be tied to commodities to gold coming to silver to agricultural commodities is how we should realize how much our dollar is worth on a real things produced in the united states. and tha
reserve is literally a mink that's the goal of the federal reserve to make us earn the same amount ofmoney because that is how they judge their inflation rates it. so vivek would change the whole purpose of the federal reserve he would get a chairman who would agree with him that the goal of the federal reserve should be stability of the united states dollar as a unit of measurement. this change happened decades ago back in the 70s where instead of being tied to goals we became a fiat currency...
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Jan 13, 2024
01/24
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IRINN
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committee meeting, which showed that the federal reserve is in no rush to cut interest rates. kitco's latest weekly gold survey shows that exactly half of gold investors expect the price to rise this week . in trading on tuesday, january 19, gold was in the range of $2030 and fluctuated in the same range . while last week there was a 90 % chance of the federal reserve lowering the interest rate in may march, the forecasts announce that these reports will decrease to 60% this week. traders are waiting for the key information on the us inflation this week so that they can get clues about the future policies of the federal reserve and predict the increase and decrease in the price of gold. get the end of the news of khodnaghadar capital market. millions of free people on the way to the victory of the people's presence in the historical milestone of the squares of saada province were filled with a flood of people who responded to the call of resistance. it was a response to america's crime in the sea and an emphasis on the continuation of dealing with oppression, which spread from
committee meeting, which showed that the federal reserve is in no rush to cut interest rates. kitco's latest weekly gold survey shows that exactly half of gold investors expect the price to rise this week . in trading on tuesday, january 19, gold was in the range of $2030 and fluctuated in the same range . while last week there was a 90 % chance of the federal reserve lowering the interest rate in may march, the forecasts announce that these reports will decrease to 60% this week. traders are...
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Jan 11, 2024
01/24
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FBC
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the federal reserve, wait, federal reserve beholdenned to woke dei ? i'm read you are some of the dii drills they had at the federal reserve. you will not believe it, i don't believe it, i used to work for the fed, oh, my gosh, we have judy shelton and steve forbes, they will weigh in, you can catch kudlow, monday, friday, 4 p.m. on fox business. if you can't get us at 4, text your favorite 9-year-old, she will show you how to dcv the show -- dvr the show and you will never miss a single dei for the federal reserve. how about that. i am kudlow. we'll be back. we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard. now i see who all that hard work was for... it was always for you. seeing you carry on our legacy— i'm so proud. at vanguard, you're more than just an investor, you're an owner. setting up the future for the ones you love. that's the value of ownership. with a majority of my patience with sensitivity, i see irritated gums and weak enamel. sensodyne sensitivity gum & ename
the federal reserve, wait, federal reserve beholdenned to woke dei ? i'm read you are some of the dii drills they had at the federal reserve. you will not believe it, i don't believe it, i used to work for the fed, oh, my gosh, we have judy shelton and steve forbes, they will weigh in, you can catch kudlow, monday, friday, 4 p.m. on fox business. if you can't get us at 4, text your favorite 9-year-old, she will show you how to dcv the show -- dvr the show and you will never miss a single dei...
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Jan 5, 2024
01/24
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CSPAN
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a lot of people had high recession odds for 2023 in the federal reserve had raised interest rates in 2022 and the recession didn't happen. we have stronger growth than most forecasters expected. inflation came down faster than many were expecting. we are in the 4% range. that's not what most people were expecting. we were 9% back in the spring. the question for 24 is can it continue and can we sustain the steady growth and lower employment? host: are there still recession fears and who fears it? guest: there is always the risk that interest rate increases that the fed overdid it and they will not back away quickly enough and there is a real risk now that we have these 5%+ interest rates that that still has effects that will come over the course of 2024 and slow activity because a downturn in hiring and recession later in the year. it's not the consensus forecast but the convinced -- but the consensus view. host: did the federal reserve land the elusive soft landing? guest: it's not over until it's over. you canada clear victory because you are tempting fate but so far so good. it's f
a lot of people had high recession odds for 2023 in the federal reserve had raised interest rates in 2022 and the recession didn't happen. we have stronger growth than most forecasters expected. inflation came down faster than many were expecting. we are in the 4% range. that's not what most people were expecting. we were 9% back in the spring. the question for 24 is can it continue and can we sustain the steady growth and lower employment? host: are there still recession fears and who fears...
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Jan 18, 2024
01/24
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FBC
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wasn't printing it, the federal reserve wasn't printing it. let's take that out of the equation. where do you think the stock market would be without that money? we still would be below the 1929 high. that's, that's how influential it is, right? i mean it is absolutely crazy. i just want you to think about that. yeah, they're putting all this money out there but ultimately it's really not to benefit you or i per se unless we're participating in the market. that is the number one way the fix is in, the stock market to always go up over time, always, always. what else has helped generate sort of artificial gains if you will? i'm letting the cat out out of e bag here for your stocks. there will be 8,000 publicly-traded companies. now there is a little less than 5000. so you have got all this money going into the stock market, and fewer stocks to buy. isn't that economics 101. supply and demand. so you got all this artificial money being printed all the time, being printed, federal government, fiscal governments cascading you have to put it into t
wasn't printing it, the federal reserve wasn't printing it. let's take that out of the equation. where do you think the stock market would be without that money? we still would be below the 1929 high. that's, that's how influential it is, right? i mean it is absolutely crazy. i just want you to think about that. yeah, they're putting all this money out there but ultimately it's really not to benefit you or i per se unless we're participating in the market. that is the number one way the fix is...
0
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Jan 12, 2024
01/24
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CSPAN2
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instead, our federal monetary policy right now means the head of the federal reserve can change it onay-to-day basis. every few -- make every few weeks they announce the interest rate so they can change how much our money is worth. and they do that in their attempt to battle inflation. and they do it based on how much we are earning. so when we feel like we are noty but everything is costing more and more it's because the federal reserve is literally federal reserve to make us earn the same amount of money because that is how they judge their inflation rates it. so vivek would change the whole purpose of the federal reserve he would get a chairman who would agree with him that the goal of the federal reserve should be stability of the united states dollar as a unit of measurement. this change happened decades ago back in the 70s where instead of being tied to goals currencye chairman of the federal reserve can decide at whim how much of dollars worth. and when they decided that is when suddenly we went from threy to now we are barely one or 2%. suddenly we have not had real wage growt
instead, our federal monetary policy right now means the head of the federal reserve can change it onay-to-day basis. every few -- make every few weeks they announce the interest rate so they can change how much our money is worth. and they do that in their attempt to battle inflation. and they do it based on how much we are earning. so when we feel like we are noty but everything is costing more and more it's because the federal reserve is literally federal reserve to make us earn the same...
0
0.0
Jan 10, 2024
01/24
by
CSPAN2
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reserve is literally a mink that's the goal of the federal reserve to make us earn the same amount ofmoney because that is how they judge their inflation rates it. so vivek would change the whole purpose of the federal reserve he would get a chairman who would agree with him that the goal of the federal reserve should be stability of the united states dollar as a unit of measurement. this change happened decades ago back in the 70s where instead of being tied to goals we became a fiat currency basic of the chairman of the federal reserve can decide at whim how much of dollars worth. and when they decided that is when suddenly we went from three or 4% gdp growth in this country to now we are barely one or 2%. suddenly we have not had real wage growth in this country for a majority of americans in decades. it's basically plateaued while prices have continued to go up. so what vivek would say as it should be tied to commodities to gold coming to silver to agricultural commodities is how we should realize how much our dollar is worth on a real things produced in the united states. and tha
reserve is literally a mink that's the goal of the federal reserve to make us earn the same amount ofmoney because that is how they judge their inflation rates it. so vivek would change the whole purpose of the federal reserve he would get a chairman who would agree with him that the goal of the federal reserve should be stability of the united states dollar as a unit of measurement. this change happened decades ago back in the 70s where instead of being tied to goals we became a fiat currency...
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Jan 18, 2024
01/24
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FBC
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and talk about federal reserve monetary policy. stay away. hang in there here is high point, unless j. powell's federal reserve wants to completely politicize monetary policy, and slash interests, to juice the economy, and reelect joe biden, unless they want to do, that there is no reason right now for the fed to take the foot out of brake and slam down the accelerator, no reasons at all. fed governor crister wallace said yesterday that fed should not rush into rate cuts, he is right, why just. , prices still rising, and inflicting damage to middle and lower income affordability. over the past 3 years, typical family wages are about 4% below the increase of inflation, the inflation rate itself still above the fed's 2% target. unemployment rate still less than 4%. and retail sales came out today, at least through christmas holiday season holding up nicely. biden administration still running a huge roughly 2 trillion dollar budget deficit. driven by spending the gdp rate that over 24% compared to 50 year average of 20%. as they pour 5 trillion
and talk about federal reserve monetary policy. stay away. hang in there here is high point, unless j. powell's federal reserve wants to completely politicize monetary policy, and slash interests, to juice the economy, and reelect joe biden, unless they want to do, that there is no reason right now for the fed to take the foot out of brake and slam down the accelerator, no reasons at all. fed governor crister wallace said yesterday that fed should not rush into rate cuts, he is right, why just....
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Jan 4, 2024
01/24
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BBCNEWS
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we begin the programme at this hour with news about the us federal reserve.ecause investors hoping for a quick interest rate cut from america's central bank may be disappointed. discussions about a timetable following rates were absent from minutes in their last meeting but it did show that officials believing further hikes are off the table as inflation calls. from europe, our north america business correspondence sent this report. the december note on the us central banks asked meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak of the cycle. they also agree it will come down this year. they offered no clues as to how or when that will happen. to remind viewers come at the federal reserve started raising rates in march 2022 to tame inflation. it is so 11 times, taking the benchmark rate to 5.5%. inflation by the time of the last meeting had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number of job openings in the united states fell to
we begin the programme at this hour with news about the us federal reserve.ecause investors hoping for a quick interest rate cut from america's central bank may be disappointed. discussions about a timetable following rates were absent from minutes in their last meeting but it did show that officials believing further hikes are off the table as inflation calls. from europe, our north america business correspondence sent this report. the december note on the us central banks asked meeting showed...
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Jan 4, 2024
01/24
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CSPAN
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host: did the federal reserve land the elusive soft landing? guest: it's not over until it's over. you canada clear victory because you are tempting fate but so far so good. it's fair to say that if you told anybody at the fed or in the biden administration where things would stand at the end of 2023, they would not agree with this forecast. host: what prevented a recession from not occurring? what was the policy or policies? guest: a lot of this inflation we experienced in 21 and 22 was driven by factors that involve the pandemic reopening. supply chain disruptions we heard about from trade networks and all things were real and those things unwound a little last year. it became less severe. christmas of 2021, there were many things missing but christmas 2023, you can get most everything you wanted. we saw an increase in labor supply over the last year. people who stopped working said they would get back in the job market. the supply side of the economy got more capacity and more demand which was not the case. we have to solve this inflation problem on the demand side by crushing d
host: did the federal reserve land the elusive soft landing? guest: it's not over until it's over. you canada clear victory because you are tempting fate but so far so good. it's fair to say that if you told anybody at the fed or in the biden administration where things would stand at the end of 2023, they would not agree with this forecast. host: what prevented a recession from not occurring? what was the policy or policies? guest: a lot of this inflation we experienced in 21 and 22 was driven...
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Jan 5, 2024
01/24
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BLOOMBERG
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the federal reserve can start to cut interest rates. sonali: there are so many expectations for interest rate cuts. more and more investors tell as they are preparing for a possibility in the other direction, almost just in case. how much risk is there rates actually go higher from here? tiffany: i think the outcomes here, just some of the range of possible outcomes, continues to be wide. the pandemic, the government support. it is a very difficult to pinpoint with any accuracy more recently economic trends. you have to be open to a wide range of outcomes. i think this continues to include the potential inflation could reaccelerate. when we look at market pricing in the rates market, we look at what the fed funds market, for example, is pricing in in terms of fed cuts, and we compare that to equities and other risky assets, it looks to us like the market is very heavily pricing in a soft landing outcome. that is not a done deal yet. certainly, the probability has increased. but as you say, there are other outcomes. inflation re-accelera
the federal reserve can start to cut interest rates. sonali: there are so many expectations for interest rate cuts. more and more investors tell as they are preparing for a possibility in the other direction, almost just in case. how much risk is there rates actually go higher from here? tiffany: i think the outcomes here, just some of the range of possible outcomes, continues to be wide. the pandemic, the government support. it is a very difficult to pinpoint with any accuracy more recently...
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Jan 26, 2024
01/24
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BLOOMBERG
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i think the federal reserve is going to be very beholden to inflation data. and if inflation data holds where it is, and in your pre-roll you mentioned -- someone mentioned the idea that real fed funds rate is getting very high now, and that's true. that is the way the fed looks at it, so that is one reason why even if we don't go into a recession and inflation remains low, the fed will cut incrementally just to get that real fed funds rate. the fed funds rate minus the pce deflator, move that lower instead of having that continue to be 250 basis. maybe they only wanted 200 basis points. they can move it down and calibrate it is the operative word that you want to listen for jay powell next week to say, which is echoing what waller said last weekend, and is a little bit different than what powell said at the december meeting. sonali: i want to bring in a point you were making, peter, this idea that asset prices are not quite responding to any of the potential issues ahead. guggenheim was weighing in on the impact of that policy, writing that investors "should
i think the federal reserve is going to be very beholden to inflation data. and if inflation data holds where it is, and in your pre-roll you mentioned -- someone mentioned the idea that real fed funds rate is getting very high now, and that's true. that is the way the fed looks at it, so that is one reason why even if we don't go into a recession and inflation remains low, the fed will cut incrementally just to get that real fed funds rate. the fed funds rate minus the pce deflator, move that...
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Jan 28, 2024
01/24
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CSPAN
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treasury department are greater than in the federal reserve.hat as fed chair, you can focus on the economy, not a small thing by any stretch of the imagination. [laughter] but the economy, bent supervision, and the payment system. in the treasury, we have 1000 people who are working on money laundering, addressing illicit financial flows that support terrorism and sanctions against malign actors around the globe. we have responsibilities for our international economic relationships with countries all over the world. we were given responsibilities to actually conduct over $1 trillion of programs as part of the american rescue plan from a billion dollar program of support for state and local governments, to a program that has been allocating funding all over the country for access to the internet. so we have been running those programs. we have been entrusted to write all the tax rules pertaining to the vast array of clean energy credit in the inflation reduction act. then we have a little extra time -- [laughter] -- we are working on trying to m
treasury department are greater than in the federal reserve.hat as fed chair, you can focus on the economy, not a small thing by any stretch of the imagination. [laughter] but the economy, bent supervision, and the payment system. in the treasury, we have 1000 people who are working on money laundering, addressing illicit financial flows that support terrorism and sanctions against malign actors around the globe. we have responsibilities for our international economic relationships with...
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0.0
Jan 5, 2024
01/24
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BLOOMBERG
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people pairing their bets on when the federal reserve might move., consensus for these figures is that we will see lower headline jobs numbers, we will see slower increase in average hourly earnings, slight pickup as well in the unemployment rate. get all three of those and maybe the market will be happy and that will give bond space to rally. if we see stronger numbers than that, particularly stronger wages, or we see a big headline number, beat on that side, the market will continue that sort of allergic reaction we have had at the start of the year. higher yields which whips back, seen as a negative for the equities market, too. lizzy: run us through the first week of trading. what stood out for you this week? paul: the first week of trading can always be a mystery. we had blackrock yesterday talking about how this is a healthy correction and you should not forget the context of that really big rally in stocks and bonds into the back end of last year, into the final because well. coming back, the market has relented. we have had pressure from all
people pairing their bets on when the federal reserve might move., consensus for these figures is that we will see lower headline jobs numbers, we will see slower increase in average hourly earnings, slight pickup as well in the unemployment rate. get all three of those and maybe the market will be happy and that will give bond space to rally. if we see stronger numbers than that, particularly stronger wages, or we see a big headline number, beat on that side, the market will continue that sort...
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0.0
Jan 25, 2024
01/24
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CSPAN2
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treasury department are greater than the federal reserve.hair you can focus on the economy and it's not small by any stretch of the imagination but[l the economy supervision in the payment system and the treasury, we have a thousand people who are working on money laundering, addressing the illicit financial through terrorism and sanctions against maligned actors around the globe. we have responsibilities for international economic relationships with countries all over the world. we were given responsibilities to actually conduct over at trillionollars in programs that were part of the american rescue plan with over state and local governments to a program that's been allocating funding all over the country for access to the internet and they've been running those programs and we have been entrusted to ride -- wright all that tax rules with a vast array of clean energy credits and the inflation reduction act and then when we have a little extra time we are working on trying to make sure the internal revenue service is restored to the level o
treasury department are greater than the federal reserve.hair you can focus on the economy and it's not small by any stretch of the imagination but[l the economy supervision in the payment system and the treasury, we have a thousand people who are working on money laundering, addressing the illicit financial through terrorism and sanctions against maligned actors around the globe. we have responsibilities for international economic relationships with countries all over the world. we were given...
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0.0
Jan 19, 2024
01/24
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FBC
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reserve -- >> the federal reserve.ry transaction. so there's zero privacy, zero anonymity, and more importantly, it's programmable. so they can decide when your money works or doesn't work. it eliminates the freedom of being able to vote with your dollar. the currency would be programmable, so certain transactions would be allowed and not be allowed. and this isn't a conspiracy theory, charles. we have over 130 countries actively developing a cbdc, 64 countries in advanced stages. president biden had executive order 16047 in march to of 2022 green lighting the u.s. to explore a central bank digital currency. now, proponents saying, look, it'll be good for, you know, deterring criminal activities, tax evasion, money laundering. char charles right, right. >> but the risk is that the government can then freeze your money at any point and take you off the system. and we did see tremendous government overreach during covid. we just have to look north to our neighbors up in canada, and we saw how the trudeau administration k
reserve -- >> the federal reserve.ry transaction. so there's zero privacy, zero anonymity, and more importantly, it's programmable. so they can decide when your money works or doesn't work. it eliminates the freedom of being able to vote with your dollar. the currency would be programmable, so certain transactions would be allowed and not be allowed. and this isn't a conspiracy theory, charles. we have over 130 countries actively developing a cbdc, 64 countries in advanced stages....
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Jan 4, 2024
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at the same time, you are also digesting minutes coming out of the federal reserve yesterday. what they discussed at the december meeting, sam unsteady from the markets today team joins me this morning. what did we learn from these fomc minutes? >> i don't think it changes the picture a huge amount. everyone was expecting this dovish pivot that we saw in december, it broadly does. the first couple of days of the year we have had this unwinding of pretty heavy bets that went on particularly in december in terms of wine rate cuts will come. there is nothing in there that specifically points to march being when cuts will come, but bear in mind, that is 10 weeks away and there is plenty of data to come before that. it backs up both the dovish pivot you saw in december, and backs up the slight pullback you have seen at the beginning of this year. kriti: that jobs data will be another crucial component friday. something that was notable, our chief u.s. economist made the point clearly that if you look at these fomc minutes, labor is coming back into the conversation in a way that it
at the same time, you are also digesting minutes coming out of the federal reserve yesterday. what they discussed at the december meeting, sam unsteady from the markets today team joins me this morning. what did we learn from these fomc minutes? >> i don't think it changes the picture a huge amount. everyone was expecting this dovish pivot that we saw in december, it broadly does. the first couple of days of the year we have had this unwinding of pretty heavy bets that went on...
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we got the federal reserve minutes.idn't exactly confirm what traders hoped that we will have six rate cuts this year. not so much. markets showing bit of disappointment. tomorrow evercore head of research mark mahaney. you don't want to miss that. larry: hello, folks, welcome to "kudlow," i'm larr
we got the federal reserve minutes.idn't exactly confirm what traders hoped that we will have six rate cuts this year. not so much. markets showing bit of disappointment. tomorrow evercore head of research mark mahaney. you don't want to miss that. larry: hello, folks, welcome to "kudlow," i'm larr
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Jan 23, 2024
01/24
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experts believe that the withdrawal of the federal reserve on the reduction of interest rates was the main reason for the decline in the price of this metal in the past weeks. the price of gold has increased slightly in recent days. although the price in the past weeks. this metal experienced a declining trend. experts believe that gold posted its biggest weekly decline in six weeks after the federal reserve pulled back against expectations for an interest rate cut. in fact, during the last decision made by the federal reserve, he said that i want it i will keep the interest rate constant in the next 6 months and i do not decide to reduce the interest rate, this is the reason why the growth of gold will not be so high. pre-analysts. they predict that if the interest rate of the federal reserve decreases, the price of gold will increase in the coming months. if you compare the economic growth of 2024 with 2023, you will see that this growth is negative. this negative growth causes the money that goes to the stock market to be less , and if the government lowers the interest rate, the s
experts believe that the withdrawal of the federal reserve on the reduction of interest rates was the main reason for the decline in the price of this metal in the past weeks. the price of gold has increased slightly in recent days. although the price in the past weeks. this metal experienced a declining trend. experts believe that gold posted its biggest weekly decline in six weeks after the federal reserve pulled back against expectations for an interest rate cut. in fact, during the last...
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Jan 17, 2024
01/24
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history doesn't serve as an accurate roadmap for how federal reserve should move forward. perhaps that mentality needs to be taken with more caution. the bond market puts the 10 year yield at 406. higher above that key 4% level. five to seven basis point move in that tenor which we haven't seen in a couple weeks now. dollar strength is the story, in line with the bond market move you saw overnight. euro-dollar weaker. cable at 126. even brent crude down 6/10 of 1%. for now, quick check on how asian markets are faring. walk us through it. avril: asia stocks are feeling that pushback. perhaps more importantly for assets in this part of the world, how the data from the region's largest economy along with stimulus plans have really disappointed. it's about a lack of confidence in the chinese economy. the hung saying losses accelerating past 3% in the afternoon session. markets are capitulating. all the stocks on the index are down. it's hovering at the lowest level since november 2022. there is that dollar story. you want weakness amid all this. perhaps worth highlighting how
history doesn't serve as an accurate roadmap for how federal reserve should move forward. perhaps that mentality needs to be taken with more caution. the bond market puts the 10 year yield at 406. higher above that key 4% level. five to seven basis point move in that tenor which we haven't seen in a couple weeks now. dollar strength is the story, in line with the bond market move you saw overnight. euro-dollar weaker. cable at 126. even brent crude down 6/10 of 1%. for now, quick check on how...
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Jan 4, 2024
01/24
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let's start off with the federal reserve and the minutes. ., , ., minutes. a lot of chatter about this. , ~ ., ., this. yes, i think investors for a lona this. yes, i think investors for a long time _ this. yes, i think investors for a long time basically _ this. yes, i think investors for a long time basically have - this. yes, i think investors for a long time basically have been i long time basically have been waiting for the fed to come out and say they've thought rates had reached their peak for this interest rate cycle. and when they heard that in december, they got very excited and the idea of rate cuts are something they have been kind of focused on and many on wall street, if you could talk to economists and investors, they have been eyeing up march as a potential date when you could potentially see a first rate cut. what these december note show is yes, the us central bank, they are feeling better about inflation. they agree that interest rates are at or near their peak for the cycle. they also agree they will come down. but, and h
let's start off with the federal reserve and the minutes. ., , ., minutes. a lot of chatter about this. , ~ ., ., this. yes, i think investors for a lona this. yes, i think investors for a long time _ this. yes, i think investors for a long time basically _ this. yes, i think investors for a long time basically have - this. yes, i think investors for a long time basically have been i long time basically have been waiting for the fed to come out and say they've thought rates had reached their...
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Jan 17, 2024
01/24
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this comes as the federal reserve that americans own 1.78 trillion record in credit card debt.pending at a good level. come down during the course of the year, mid 23 on they're in good shape. >> reporter: so these retail sales numbers will give the federal reserve argument to continue the rate pause. if consumers continue to spend, the jobs numbers continue to be strong, if inflation rises or moves sideways, that could fit the fed's message of higher for longer no rate cut in march. considering of buying things i smoothie. last friday the president was at a coffee shop in pennsylvania, and he seemed to be the surprised that the smoothie was six dollars, how expensive it was. i'm curious, so is the president now realizing the cost that americans are bearing. >> look, when he went over to you all to, to the, to the press corps he was having a good time, right? you all saw that. >> reporter: was he surprised the cost was so expensive. >> he was joking around. he was joking around to the press corps. he offered to buy coffee, that's what he did and pastries. i think that the most
this comes as the federal reserve that americans own 1.78 trillion record in credit card debt.pending at a good level. come down during the course of the year, mid 23 on they're in good shape. >> reporter: so these retail sales numbers will give the federal reserve argument to continue the rate pause. if consumers continue to spend, the jobs numbers continue to be strong, if inflation rises or moves sideways, that could fit the fed's message of higher for longer no rate cut in march....
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Jan 31, 2024
01/24
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the federal reserve has taken that off the table. average americans looking at their mortgage rates and credit card rates, any relief on those borrowing costs coming down could come later this year. based off the federal reserve's commentary they're worried that inflation, they want to see proof of more evidence of that. >> i mean the economy generally has been looking good, consumer confidence high, inflation seemingly on the decline, is there a world where interest rates remain too high for too long? >> yeah, certainly. if that happens you risk people losing their jobs enmasse. in aggregate employment still looks all right. it's still below 4%. if the federal reserve keeps interest rates high for too long, dampening and slowing economic activity, spur people to lay people off. >> all right, we'll see you friday if not before. thank you so much. >>> time for today's money minute. leadership shake-up at one of the world's largest fashion retailer and popular songs are being pulled from the popular app tiktok. steve joins us now. >>>
the federal reserve has taken that off the table. average americans looking at their mortgage rates and credit card rates, any relief on those borrowing costs coming down could come later this year. based off the federal reserve's commentary they're worried that inflation, they want to see proof of more evidence of that. >> i mean the economy generally has been looking good, consumer confidence high, inflation seemingly on the decline, is there a world where interest rates remain too high...
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Jan 5, 2024
01/24
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the market coming toward the federal reserve. off of the back of recent data, just interfered of better-than-expected data in the last couple days. lisa: yesterday -- said it is a little optimistic today to think it is going to happen so soon, talking about rate cuts, as soon as march. people have been able to bully fed into doing their bidding. they have not been able to this time around. where do people realize their hopes do not create reality? jonathan: jobless claims at 202,000 yesterday. payrolls are two hours 27 minutes away. equity futures coming down. the dollar stronger, euro thing 1.09. yields up by four basis points. lisa: the last time they closed above 4% was december 13 on a fed meeting day. i am watching the payrolls report, the fact that expectation is 185,000. i watching hourly average earnings. the expectation is for do come in at 3.9%, but still too high for the federal reserve. that might indicate stickiness. it has been an expansionary territory for every month except for one going back to the emergence from
the market coming toward the federal reserve. off of the back of recent data, just interfered of better-than-expected data in the last couple days. lisa: yesterday -- said it is a little optimistic today to think it is going to happen so soon, talking about rate cuts, as soon as march. people have been able to bully fed into doing their bidding. they have not been able to this time around. where do people realize their hopes do not create reality? jonathan: jobless claims at 202,000 yesterday....
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Jan 4, 2024
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last month, the federal reserve voted to keep interest rates steady. they said there could be cuts in the coming year. however, economists who reviewed some of the minutes of the federal reserve discussions say that cuts seem unlikely. that is because the federal reserve is pleased with the direction of inflation and worries that lowering interest rates may trigger a negative influence on the economy. congress also says the uncertainty of the interest rate is creating a shaky stock markets. the nasdaq is building on its worst performance in three months. the s&p also fell by 8%. investors seem to be selling last year's tech winners, and video, tesla, and meta, all flipped. >>> you didn't choose cat allergies. you didn't choose your hairline. hot flashes, the flu, or that thing when your knee just gives out for no reason. you didn't choose your bad back or this. or... that. you didn't choose depression, melanoma, or lactose intolerance. but with kaiser permanente you can choose your doctor who works with other best-in-class specialists to care for all t
last month, the federal reserve voted to keep interest rates steady. they said there could be cuts in the coming year. however, economists who reviewed some of the minutes of the federal reserve discussions say that cuts seem unlikely. that is because the federal reserve is pleased with the direction of inflation and worries that lowering interest rates may trigger a negative influence on the economy. congress also says the uncertainty of the interest rate is creating a shaky stock markets. the...
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Jan 19, 2024
01/24
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times federal reserve and economist reporter gina smiley. watch booktv every sunday on c-span2 and find a full schedule on your program guide or watch online on booktv.org. >> a healthy democracy doesn't just look like this. it looks like this. where americans can see democracy at work, where citizens are truly informed, our republic thrives. get informed straight from the source on c-span. unfiltered, unbiased, word for word, from the nation's capital to wherever you are. the opinion that matters most is your own. this is what democracy looks like. c-span powered by cable. .. the vice president spoke about reverend kings legacy while arguing the fight for justice is not over. recent decision by the court inn state legislatures on voting rights, education and lgbtqia rights. this is 15 minutes. [cheers and applause] >> hello, everybody. good afternoon. good afternoon, south carolina. good afternoon. please have a seat. it is so good to be back. it is so good to be back. i want to thank grace fellowshio choir for lifting our hearts with your
times federal reserve and economist reporter gina smiley. watch booktv every sunday on c-span2 and find a full schedule on your program guide or watch online on booktv.org. >> a healthy democracy doesn't just look like this. it looks like this. where americans can see democracy at work, where citizens are truly informed, our republic thrives. get informed straight from the source on c-span. unfiltered, unbiased, word for word, from the nation's capital to wherever you are. the opinion...
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Jan 24, 2024
01/24
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hassan khani, their monetary policy is the monetary policy of the federal reserve , that is, the uae that you gave as an example, the uae, when the interest rate of the federal reserve comes to its meeting, the interest rate goes up by 5 percentage points, as they say , it goes up to five hundredths of a percent on the same day. the same hour the central bank of the emirates applies the same policy regarding its own interest rate, on the other hand, the rate. the growth of liquidity means that they say that the rate of inflation has nothing to do with the stabilization of the exchange rate. i came between them. my point is, is it possible for inflation to have nothing to do with the exchange rate ? they don't have an independent monetary policy. their policy is to give money to the united states. they make money and you can't do this. first of all, they are the enemy of america . you see, those who say these things , by the way, want to completely dollarize iran's economy. this means the dollarization of the economy, that is, politics your money is in the hands of the federal reserve
hassan khani, their monetary policy is the monetary policy of the federal reserve , that is, the uae that you gave as an example, the uae, when the interest rate of the federal reserve comes to its meeting, the interest rate goes up by 5 percentage points, as they say , it goes up to five hundredths of a percent on the same day. the same hour the central bank of the emirates applies the same policy regarding its own interest rate, on the other hand, the rate. the growth of liquidity means that...
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Jan 31, 2024
01/24
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i think right now the dissent is possibly on the federal reserve board.harles: so now, jay powell, the markets made a pretty nice rebound. we'll go back to him in a second, folks, real quick before we do, he talked with the unanimity question about three rate cuts. opined on a soft landing. trying to push back on a soft landing. you have bond yields go down, stock market went up. danielle, explain that for me. why did that happen? now that he is pushing back on a soft landing we're starting to see the market go down again? >> exactly. right now the reason you're seeing the 10-year yield come back down to the lows of the day he is really pushing back against any kind of anything beyond the three cuts. if that is the case, even though he says that is not the case they could be waiting too long. charles: stock market exploded at one point they thought there would be seven rate cuts this year. >> that's right. charles: if it is only three does that the market disrupt and we lose all this momentum? >> if you believe december took the air out of the balloon for
i think right now the dissent is possibly on the federal reserve board.harles: so now, jay powell, the markets made a pretty nice rebound. we'll go back to him in a second, folks, real quick before we do, he talked with the unanimity question about three rate cuts. opined on a soft landing. trying to push back on a soft landing. you have bond yields go down, stock market went up. danielle, explain that for me. why did that happen? now that he is pushing back on a soft landing we're starting to...
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Jan 10, 2024
01/24
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they have sessions in the federal reserve. the fed is the central bank but they are not immune to any of this stuff. i'm in the wrong generation. i mean i'm in the wrong period. i wouldn't understand any of this stuff anyway. steve forbes, what does this mean, what does this mean? >> what it means is they're going to cover both bases. back in 2021 when they started this stuff, this is when this stuff started they were worried about a democratic administration. larry: yep. >> going whole bonkers on modern socialism. now with the election coming up they will do both. they will cover their base on the environment and thinks like that and nudging banks, don't make loans to bad companies like oil and on the other hand they will be ready to swerve. now jerome powell is great. he should be an actor. two years ago he said the new paul volcker. he will crush the economy and conquer inflation. now he morphing into arthur burns under nixon. larry: soaks social justice, all the rest, how will they do their job. we got to get out of here.
they have sessions in the federal reserve. the fed is the central bank but they are not immune to any of this stuff. i'm in the wrong generation. i mean i'm in the wrong period. i wouldn't understand any of this stuff anyway. steve forbes, what does this mean, what does this mean? >> what it means is they're going to cover both bases. back in 2021 when they started this stuff, this is when this stuff started they were worried about a democratic administration. larry: yep. >> going...
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Jan 26, 2024
01/24
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the core pce indicator that we will see is a federal reserve measure of inflation.mportant. i point out that inflation at this point has been a little sticky as we saw with the retail inflation consumer price index in december, that number went up from 3.1% in november to 3.4% december. while the expectation is the core pce is going to continue to come down you have to prepare yourself to the potential that maybe it doesn't come down quite as much or maybe a little bit of a reversal. one key issue to remember in the federal reserve sep the summary of economic projection which they published before christmas they said frankly working to get to her to present longer-term target but were to get there by the end of calendar 26, that is three years from now, the federal reserve is saying it's going to take a while the last mile to go from 3% to 2% core pce inflation is going to be like hand-to-hand combat it's good to be a little bit more difficult. cheryl: sorry to interrupt you but the combat is between the market and the fed where are weakening the calls for six rate
the core pce indicator that we will see is a federal reserve measure of inflation.mportant. i point out that inflation at this point has been a little sticky as we saw with the retail inflation consumer price index in december, that number went up from 3.1% in november to 3.4% december. while the expectation is the core pce is going to continue to come down you have to prepare yourself to the potential that maybe it doesn't come down quite as much or maybe a little bit of a reversal. one key...
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Jan 31, 2024
01/24
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it is the decision around the federal reserve that will be consequential.an futures gained under 2/10 of a percent, notching up a record higher. softness coming through, futures lower by a 10th of 1%. ftse futures unchanged. worth looking at the miners given that iron or has softened in terms of pricing on the concern of real estate in china and increased output from brazil. s&p holding the 4009 hundred line, but pulled lower. pain coming through, a bit of profit-taking after expectations around ai were not met for some investors. lower by 8/10 of a percent. let's start with the u.s. benchmark 10 year yield as we count down to the federal reserve decision and scrutiny of what jay powell will have to say around market pricing. 4.01, euro-dollar softer by 2/10 of a percent. brent at 82, set for 7% gains this month, the best month since september. arnaud futures are down 1%. the spanish prime minister has weeks to win over lawmakers to avoid government crisis following defeat in parliament. pedro sanchez must either convince deputies to support his amnesty law
it is the decision around the federal reserve that will be consequential.an futures gained under 2/10 of a percent, notching up a record higher. softness coming through, futures lower by a 10th of 1%. ftse futures unchanged. worth looking at the miners given that iron or has softened in terms of pricing on the concern of real estate in china and increased output from brazil. s&p holding the 4009 hundred line, but pulled lower. pain coming through, a bit of profit-taking after expectations...
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Jan 3, 2024
01/24
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that is a significant disparity, markets expecting sex rate cuts, the federal reserve outlining threeme down to thejobstart or inflation numbers to shift expectations, and so the friday jobs numbers will be important from that perspective, i do not think we will see much movement on that front, we will not see massive strength or weakness come into play. at the moment we are likely to see a little bit of marketjitters as markets really do way up the fact that we have had such a strong bullish. for equities, and at the moment there is this misalignment between market expectations and the federal reserve outlook that does point towards potential volatility and the months ahead. joshua, aood to and the months ahead. joshua, good to get _ and the months ahead. joshua, good to get your _ and the months ahead. joshua, good to get your take _ and the months ahead. joshua, good to get your take on - and the months ahead. joshua, good to get your take on what i good to get your take on what is ahead. we will see you again soon. now let�*s talk about microdosing. it�*s when you take a tiny amou
that is a significant disparity, markets expecting sex rate cuts, the federal reserve outlining threeme down to thejobstart or inflation numbers to shift expectations, and so the friday jobs numbers will be important from that perspective, i do not think we will see much movement on that front, we will not see massive strength or weakness come into play. at the moment we are likely to see a little bit of marketjitters as markets really do way up the fact that we have had such a strong bullish....
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Jan 17, 2024
01/24
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i know president biden has nothing to do with the federal reserve, but the federal reserve should alsoit big business. host: go ahead. caller: i think -- excuse me. because the federal reserve chairman is republican, this is another attack on biden onyx, and it is keeping the people absent atnt biden. host: you did mention the said s the fed is within striking distance. christopheÅ waller said he was becoming more confident that we are within striking distance of the annual inflation goal of 2%. he said that the fed is on track to cut interest res later this year, as long as inflation does not pick up steam. it has fallen steadily sense and clocked in at an annual rate, according to the latest labor department data. çtom in michigan. good morning. thank you for taking my call. the american dream defiance opportunity. an opportunihave to get a good . it takes work and sacrifice to do that. employers with open arms are looking for people who not only work hard but get customers. people struggling to save, i apologize. i travel a lot and the starbucks in the airport are packed with 30-yea
i know president biden has nothing to do with the federal reserve, but the federal reserve should alsoit big business. host: go ahead. caller: i think -- excuse me. because the federal reserve chairman is republican, this is another attack on biden onyx, and it is keeping the people absent atnt biden. host: you did mention the said s the fed is within striking distance. christopheÅ waller said he was becoming more confident that we are within striking distance of the annual inflation goal of...