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Feb 5, 2024
02/24
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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 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 t
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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Feb 5, 2024
02/24
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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 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 t
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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Feb 12, 2024
02/24
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since 2003, all iraqi oil revenues have been paid into an account with the us federal reserve. it is more than $100 billion dollars in reserves held in the us and relies heavily on washington's good well to ensure its access to oil revenues and finances are not blocked. although the iraqies formed sovereign government after the us invasion and occupation of their state, iraq is still restricted from opening accounts for its oil earnings. the iraki central bank requests its own dollars from the us federal reserve and sells them to commercial banks who in turn sell to businesses in the import dependent economy. around 2009. million dollars is auctioned daily. us has already imposed sanctions a third of the iraqi private banks from conducting dollar transactions. the move will have negative consequences not only on the value of the iraqi dinar, but it will have very big impact on foreign investments, especially when it comes to his relations with iran. in line with us sanctions on iran, washington has tried to curve iranian access to us dollars in iraq, imposing enhanced scrutiny
since 2003, all iraqi oil revenues have been paid into an account with the us federal reserve. it is more than $100 billion dollars in reserves held in the us and relies heavily on washington's good well to ensure its access to oil revenues and finances are not blocked. although the iraqies formed sovereign government after the us invasion and occupation of their state, iraq is still restricted from opening accounts for its oil earnings. the iraki central bank requests its own dollars from the...
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Feb 3, 2024
02/24
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my federal reserve colleague governor lisa cook. i would say there is no greater testament to spelman's historic legacy than the achievements of outstanding women like governor cook. one part of that is spelman's tradition of promoting education in stem. governor cook's research highlights the role of that education in preparing individuals to be innovators and inventors to generate ideas to add to our body of knowledge, increase productivity, and generate higher living standards over time. her work is one example of how spelman women continue to make historic contributions in science, the arts, technology, medicine, and other fields. i look forward to our conversation. i thought i might frame it first by talking about the federal reserve's ongoing actions to promote a healthy economy and how those actions relate to questions that the students in this audience might be asking about the future. for example, i imagine students are wondering what kind of job market and what kind of economy you will be entering when you complete your ed
my federal reserve colleague governor lisa cook. i would say there is no greater testament to spelman's historic legacy than the achievements of outstanding women like governor cook. one part of that is spelman's tradition of promoting education in stem. governor cook's research highlights the role of that education in preparing individuals to be innovators and inventors to generate ideas to add to our body of knowledge, increase productivity, and generate higher living standards over time. her...
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Feb 9, 2024
02/24
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PRESSTV
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all iraqi oil revenues have been paid into an account with the us federal reserve. it is more than $100 billion dollars in reserves held in the us and relies heavily on washington's a good well to ensure its access to oil revenues and finances are not blocked. all the irakis formed the sovereign government after the us invasion and occupation of their state. iraq is still restricted from opening accounts for its oil earnings. the iraki central bank requests its own dollars from the us federal reserve and sells them to commercial banks who in turn sell to businesses in the import dependent economy. around $200 million is auctioned daily. the us has already imposed sanctions a third of the iraki private banks from conducting dollar transactions. the move will have negative consequences not only on the value of the iraki dinar, but it will have very big impact on foreign investments, especially when it comes to his relations with. iran in line with us sanctions on iran, washington has tried to curb iranian access to us dollars in iraq, imposing enhanced scrutiny in 202
all iraqi oil revenues have been paid into an account with the us federal reserve. it is more than $100 billion dollars in reserves held in the us and relies heavily on washington's a good well to ensure its access to oil revenues and finances are not blocked. all the irakis formed the sovereign government after the us invasion and occupation of their state. iraq is still restricted from opening accounts for its oil earnings. the iraki central bank requests its own dollars from the us federal...
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reserve, the federal reserve to create smart. there's no limit on his ability to create environment. today is just a digital thing, right? touch if your keys on a keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank and us, but most of them of political people who are good at politics and not knowing what to do the, the 19. so the teen congress forced america into debt slavery to the federal reserve. now, the fed has the right to print dollars and has complete control over the economic system of the united states. the look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except we're so shorter is that conflict with the 1st law should we live in justification. we should be very careful about our personal intelligence. the point obviously is to place a truck rather than to the area. i mean
reserve, the federal reserve to create smart. there's no limit on his ability to create environment. today is just a digital thing, right? touch if your keys on a keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank and us, but most of them of political people who are good at politics and not knowing what to do the, the 19....
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it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create learning. today is just a digital thing, right? touch if your keys on a keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that are headed, the central bank and us, but most of them, of political people who are good at politics and not knowing what to do the, the 19. so the 18 congress forced america into dent slavery to the federal reserve of now the fed has the right to print dollars and has complete control of the economic system of the united states. the, [000:00:00;00] the, by the middle of the 19th century, practically the whole of india had been under the rule of the british and by the colonial authorities and impose that heavy death, bringing the people into poverty exporting natural resources. and moreover, these authorities absolutely had no consideration for the variations of the local populatio
it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create learning. today is just a digital thing, right? touch if your keys on a keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that are headed, the central bank and us, but most of them, of political people who are good at politics and not knowing what to do...
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it's the federal reserve, the federal reserves create, so there's no limit on his ability to create marvin today is just a digital saying, right touch if your keys on the keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of smart guys that are headed, the central bank in the us. but most of them, of political people who are good at politics and not knowing what to do the technology. and so the teen congress forced america into debt slavery to the federal reserve. now, the fed has the right to print dollars. it has complete control over the economic system of the united states, the west of the or the after the knobs, easy power in italy, states foreign policy became extremely aggressive. benito mussolini needed glorious victories decided to achieve his ambitions in africa. despite the fact that formally libya had become an italian colony back in 1912. the vast territories of this country were not actually controlled by rome. the nazis decided to put an end to this.
it's the federal reserve, the federal reserves create, so there's no limit on his ability to create marvin today is just a digital saying, right touch if your keys on the keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of smart guys that are headed, the central bank in the us. but most of them, of political people who are good at politics and not knowing what to do...
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it's the federal reserve, the federal reserves to create smart. there's no limit on his ability to create money. today is just a digital thing, right? touch if your keys on the keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank and us, but most of them of political people who are good at politics and not knowing what to do the, the 19. so the teen congress forced america into debt slavery to the federal reserve. now the fed has the right to print dollars and has complete control over the economic system of the united states. the results of lines can be cited by lawrence. please can be scattered by true importance and we can never be of a station. so that transparency is extraordinary. john mystic patrice then just succeeded in finding documents that existed in making them available to the world public. i mean, what could be more than that by publishing information and sharing
it's the federal reserve, the federal reserves to create smart. there's no limit on his ability to create money. today is just a digital thing, right? touch if your keys on the keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank and us, but most of them of political people who are good at politics and not knowing what to do...
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Feb 10, 2024
02/24
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iraqi oil sales are deposited into one us account at the new york federal reserve, one us account, all that money. which uh the us disperses it monthly basis, another restriction by the us, it restricts iraq from opening accounts for oil sales outside of the us. another restriction, total us control is what's evident here, and because of that, this is the conclusion that can be reached that the us is holding iraq hostage to the dollar, not a good sign of economy that is uh oil-based. let's bring back our guests to find out what they think uh about all of this said joins us right now, he's is the former political advisor to the iraqi government, welcome back, when you take a look at how washington makes this announcement that is partnering to protect iraq's financial. sector, that's what it has said, from abuse by the islamic republic or other maline actors in the way that describes it, but at the same time back in 2003, what it has done is to restrict iraq, as we just mentioned, all of its oil sales to go in the dollar, that's denominated in the dollar to go into one account of the us
iraqi oil sales are deposited into one us account at the new york federal reserve, one us account, all that money. which uh the us disperses it monthly basis, another restriction by the us, it restricts iraq from opening accounts for oil sales outside of the us. another restriction, total us control is what's evident here, and because of that, this is the conclusion that can be reached that the us is holding iraq hostage to the dollar, not a good sign of economy that is uh oil-based. let's...
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reserve, the federal reserve to create smart. there's no limit on his ability to create and learning. today is just a digital thing, right? touch if your keys on the keyboard, so the federal reserve to create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of smart guys that have headed the central bank and us, but most of them are political people who are good at politics and not knowing what to do the, the 19, so a teen congress forced america into debt slavery to the federal reserve, now the fed has the right to print dollars and has complete control over the economic system of the united states. the, i guess i was electrical spouse of people is the best way to look at, even if it was a mutual report. and then you said something, i mean if i give them the starting resolution, but i want to bring up what you needed if it was all set up initially. and i wish we knew for most of us. so most of the most money with a need talk to somebody else. i
reserve, the federal reserve to create smart. there's no limit on his ability to create and learning. today is just a digital thing, right? touch if your keys on the keyboard, so the federal reserve to create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of smart guys that have headed the central bank and us, but most of them are political people who are good at politics and not knowing what to do the, the...
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it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create mining. today is just a digital thing, right? touch if your keys on the keyboard. so the federal reserved create endless amounts of money i would say that most of them in american history have not knowing what they were doing. we have had a couple of smart guys that are headed, the central bank in the us. but most of them, of political people who are good at politics and not knowing what to do the, the 19, so the teen congress forced america and to death slavery to the federal reserve of now the fed has the right to print dollars and has complete control of the economic system of the united states, the federalist not putting it the most dangerous place to do it. so to not them go to federal reserve. ok, does that point? i figured i'd say to 0 and this is to me. and then i sort of think of bunker and you probably dropped those lashania epic assessment fee. they just conflicts. i would space to combine prescott during your labs. explain you how
it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create mining. today is just a digital thing, right? touch if your keys on the keyboard. so the federal reserved create endless amounts of money i would say that most of them in american history have not knowing what they were doing. we have had a couple of smart guys that are headed, the central bank in the us. but most of them, of political people who are good at politics and not knowing what to...
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Feb 20, 2024
02/24
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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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it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create marvin today is just a digital thing, right? touch if your key. so the keyboard. so the federal reserve create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them are political people who are good at politics and not knowing what to do the, the 19. so the teen congress forced america into debt slavery to the federal reserve. now the fed has the right to print dollars and has complete control over the economic system of the united states, the the just enough to keep the lights on and this seems to be the new approach adopted by the you and possibly even the united states. one thing is clear, ukraine is losing and will never win. the only emission left is to deny russia victory. so the last not putting it the most, don't just these to do it. so to not them go to federal reserve. is that poin
it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create marvin today is just a digital thing, right? touch if your key. so the keyboard. so the federal reserve create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them are political people who are good at politics and not knowing what to do...
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it's the federal reserve, the federal reserve to create spot. there's no limit on his ability to create money . today is just the dentist don't saying right, touch if your keys on the keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that are headed, the central bank and us, but most of them, of political people who are good at politics and not knowing what the 19 to achieve. congress forced america into debt slavery to the federal reserve of now the fed has the right to print dollars and has complete control over the economic system of the united states. the federalist. i'm putting it the most dangerous place to do it, so to not have them go to federal reserve box, because that's when i figured it out to me to send a message to me. and then i still think of bunker and you probably dropped those lashania epic aside fizzy just conflicts. i would space to combine prescott dora your let's assign you how to me
it's the federal reserve, the federal reserve to create spot. there's no limit on his ability to create money . today is just the dentist don't saying right, touch if your keys on the keyboard. so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that are headed, the central bank and us, but most of them, of political people who are good at politics and not knowing...
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it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create marvin today is just a digital thing, right? touch if your key so the keyboard so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them, of political people who were good at politics and not knowing what to do the technology. and so the teen congress forced america and to death slavery to the federal reserve. now the fed has the right to print dollars. it has complete control of the economic system of the united states, the by the early 1950. can you became one of the centers of resistance to colonialism in africa? the british invaders infringed on the most basic rights of the local population. great britain and pursued the policy of squeezing out the local population from their indigenous lands. the best airable areas were given to white farmers dooming canyon
it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create marvin today is just a digital thing, right? touch if your key so the keyboard so the federal reserve can create endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them, of political people who were good at politics and not knowing what to...
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Feb 19, 2024
02/24
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jeremy rudd, federal reserve board governorrer, it begins with this line.ween academic research between what economists use to mad the economy. they approach important real world questions and explains why existing academic work, theoretical or empirical has little to offer. i mean i've only got a minute to go, maybe it is sort of a deep question because i ask often i feel like economists no matter what level seem to be disconnected from the real world? >> yeah. i total. oneone of the first things that comes to mind is called the phillips curve. that's the way academics approach inflation. if unemployment is high then inflation is low. if unemployment is low, then inflation is high. but that's exactly the opposite of what we've actually seen in the covid era. unemployment was up but inflation took off. now unemployment is falling and inflation is coming down too. at the same time, one of the problems that rudd and other policymakers have is that they have picked off more than they can chew. the federal reserve should not be focused on income inequality or c
jeremy rudd, federal reserve board governorrer, it begins with this line.ween academic research between what economists use to mad the economy. they approach important real world questions and explains why existing academic work, theoretical or empirical has little to offer. i mean i've only got a minute to go, maybe it is sort of a deep question because i ask often i feel like economists no matter what level seem to be disconnected from the real world? >> yeah. i total. oneone of the...
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it's the federal reserve, the federal reserve to create spot. there's no limit on his ability to create marvin today is just the dentist don't saying right. touch a few keys on the keyboard. so the federal reserve creat endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them are political people who are good at politics and not knowing what to do the, the 19. so the teen congress forced america and to death slavery to the federal reserve. now the fed has the right to print dollars and has complete control over the economic system of the united states. the russian states never as one of the most sense community best i'll send send up the in the system to progress be the one else calls question about this, even though we will then in the european union, the kremlin mission, the state on russia cruising and split the ortiz full neck, keeping our video agency, roughly all the band on youtube tv serv
it's the federal reserve, the federal reserve to create spot. there's no limit on his ability to create marvin today is just the dentist don't saying right. touch a few keys on the keyboard. so the federal reserve creat endless amounts of money. i would say that most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them are political people who are good at politics and not knowing what to...
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Feb 15, 2024
02/24
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ned was at the federal reserve on the federal reserve board when i was at the us treasury department in the 1990s and he was obviously much more prominent and well-established. i will call myself then a young person. it is true that i was a young person. >> up and coming aide to robert rubin. >> i was an aide to bob rubin and i was his special assistant and i got to know ned through that work, we worked together on predatory lending, abusive lending, we were worried about the subprime mortgage crisis and doing work on community reinvestment act together and he really became a mentor to me and when i was thinking of going on the teaching market, it would be pretty cool to be able to do the kind of work he did. where can i find a university to teach him that will let me engage in this kind of interdisciplinary work and ned had been at the university of michigan and spoke with such love and admiration for it that, if i get a teaching job there that would be great. i went to to the munition see university of michigan in 2001, out there for 22 years. always thought wouldn't it be amazing
ned was at the federal reserve on the federal reserve board when i was at the us treasury department in the 1990s and he was obviously much more prominent and well-established. i will call myself then a young person. it is true that i was a young person. >> up and coming aide to robert rubin. >> i was an aide to bob rubin and i was his special assistant and i got to know ned through that work, we worked together on predatory lending, abusive lending, we were worried about the...
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it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create. today is just a digital thing, right? touch if your key. so the keyboard. so the federal reserve can create endless amounts of money. i would sizes, most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them are political people who are good at politics and not knowing what to do the technology. and so the teen congress forced america and to death slavery to the federal reserve of now the fed has the right to print dollars and has complete control over the economic system of the united states. the take a fresh look around his life. kaleidoscopic isn't just a shifted reality distortion, by how us to do vision with no real opinions. fixtures designed to simplify will confuse really one say better wills, and is it just as a chosen few. fractured images presented as 1st? can you see through their illusion going underground can the, the 1st 3
it's the federal reserve, the federal reserve to create smart. there's no limit on his ability to create. today is just a digital thing, right? touch if your key. so the keyboard. so the federal reserve can create endless amounts of money. i would sizes, most of them in american history of not knowing what they were doing. we have had a couple of spar guys that have headed the central bank in the us. but most of them are political people who are good at politics and not knowing what to do the...
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Feb 13, 2024
02/24
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could you address the importance of the independence of the federal reserve from political influence? guest: since i do not work for the federal reserve, i have a similar role in the sense that i am independent of the irs. our agency is an independent organization housed within the irs. i would not exactly say we are on par with the federal reserve, but we have the same interest in the sense that we look at administration of the laws. we do not opine on policy. we leave that to congress. what we do is we try to take the laws as written and work with congress and the irs to make recommendations as to how to administer it more easily and protect taxpayer rights. good or bad, i do not control interest rate. the importance of the independence of various organizations is critical. host: the caller said tax cuts and what it means for revenues. that aside, what about funding path cuts to the irs and what it does for revenues -- an ongoing effort to figure out how much money the irs should have worked whether it should be clawed back. any thoughts on that? guest: when you think about what the
could you address the importance of the independence of the federal reserve from political influence? guest: since i do not work for the federal reserve, i have a similar role in the sense that i am independent of the irs. our agency is an independent organization housed within the irs. i would not exactly say we are on par with the federal reserve, but we have the same interest in the sense that we look at administration of the laws. we do not opine on policy. we leave that to congress. what...
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Feb 20, 2024
02/24
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the way because it is a financial protection agency, essentially it is funded so the federal reserve generates earnings and losses like it has been but essentially they are kind of printing money that congress would otherwise not have to spend so it's a direct budgetary impact but more importantly there's not and offset attention. i ran an agency funded by assessments and the importance of this is granted i'm a little unusual and one of the people watching and thinks of the job as putting one outside of the job because there are so many problems that like to fix one and go to another so there's usual tension if somebody decided they were going to completely shut it down half of the agency's budget would go away but the give and pull would go against that. the cfpb can put anybody and everybody out of business and not suffer any negative consequences to its budget so i think that is a real tension there. you have some that say we are an agency of that funded by assessments my guess is overtime that is ultimately what most independent agencies would end up. on the removal you've seen t
the way because it is a financial protection agency, essentially it is funded so the federal reserve generates earnings and losses like it has been but essentially they are kind of printing money that congress would otherwise not have to spend so it's a direct budgetary impact but more importantly there's not and offset attention. i ran an agency funded by assessments and the importance of this is granted i'm a little unusual and one of the people watching and thinks of the job as putting one...
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Feb 3, 2024
02/24
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KRON
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federal reserve chairman jerome powell hinted lower interest rates could be in the future. >> but we will need to see continuing evidence to build confidence that inflation is moving down sustainably toward our goal. >> in washington, raquel martin. >> still ahead on kron, 4 news at 6, a new study out of stanford shows women are at higher risk for autoimmune disease than men. why people's genetic makeup such a big factor? plus, the naacp speaking out after a hayward school board member makes a racist statement during a board meeting war on what he said and how the organization is responding. and we've seen examples of how artificial intelligence has been used to copy modifier, transform images of celebrities. 12 today, several members of the entertainment our top story thi half hour, a new controversial bill going through the legislature could put the brakes on speeders, literally. our capitol correspondent eytan wallace. >> explains what the proposal is seeking to do and why everyone is not on board. >> it's a problem on california roadways. speeding. >> and now san francisco senato
federal reserve chairman jerome powell hinted lower interest rates could be in the future. >> but we will need to see continuing evidence to build confidence that inflation is moving down sustainably toward our goal. >> in washington, raquel martin. >> still ahead on kron, 4 news at 6, a new study out of stanford shows women are at higher risk for autoimmune disease than men. why people's genetic makeup such a big factor? plus, the naacp speaking out after a hayward school...
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it was what federal reserve chair j. afterward that sparked sell-off, saying that fed is not ready to reduce rates until there was freightser confidence that anonymous -- greater confidence that inflation was moving toward central back 2% targets. the markets have priced in as many as 7 rate cuts for the year. hurting nazdaq and s&p 500 disappointing tech earnings. google and microsoft plunging on mounting costs for artificial intelligence. >> terrific. thank you, gerri willis. >> we have kevin hassett. and distinguished fellow and author of the drift. and art laffer, presidential medal of freedom recipient, and author of taxes have consequences. i begin with friend kevin hassett. we have kibbitz about this,y will put the fed thing aside. no reason for fed to cut now, more interestingly or importantly, from top to bottom, federal reserve, economists, cbo, "wall street journal," survey, philadelphia fed survey. nobody got 2023 right. nobody expected a 3% plus growth rate in the second half of 2023. this is after 550 bases
it was what federal reserve chair j. afterward that sparked sell-off, saying that fed is not ready to reduce rates until there was freightser confidence that anonymous -- greater confidence that inflation was moving toward central back 2% targets. the markets have priced in as many as 7 rate cuts for the year. hurting nazdaq and s&p 500 disappointing tech earnings. google and microsoft plunging on mounting costs for artificial intelligence. >> terrific. thank you, gerri willis....
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Feb 21, 2024
02/24
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how confused is the federal reserve? maybe it is just wall street that needs to figure it all out because face it, hope is not a strategy. how to find stocks that are super-duper quality. of course don't for get greed inflation is out there big time, i'm pissed about air inflation. i will tell you about that in "my take" later in the show. all that and more on "making money." ♪. charles: so on november 22nd, 198620-year-old mike tyson beat trevor per big by tko for his first professional championship. i bring this up. tiles son was destined for greatness there was a time to wait to go for the belt. think about it, if he went for it in the 18th fight, maybe he would have lost. this is all, we're bringing it up because the greatest stocks can see their share prices get far too ahead of development, the fundamentals we call it and sets them up for failure to be on the other end of a tko. for instance we know cybersecurity has a bright future. we know one of the key players will be palo alto networks. that company posted its
how confused is the federal reserve? maybe it is just wall street that needs to figure it all out because face it, hope is not a strategy. how to find stocks that are super-duper quality. of course don't for get greed inflation is out there big time, i'm pissed about air inflation. i will tell you about that in "my take" later in the show. all that and more on "making money." ♪. charles: so on november 22nd, 198620-year-old mike tyson beat trevor per big by tko for his...
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the more that i was out, this is how i don't totland delves into the creation of the federal reserve system honest. and to in control of in special minus you both on a run a load on next i will leave on the top of the out the the independent journalist mike jones says he constantly monitors the news west and media presents about the russian troops, special military operation in dumb bus, he often travels to the front line and meets people in the liberated territories. so the best moves now, what happened? so the 2 moved from marketing to gun box, and it was bone of the, the blocking of russian media. so in gaming, when i did see 2 videos, i'd often cover updates of the games and i, i live in use anyway. but i found with my friends privately messaging me and asking me how things are in russia and, and the difference is i decided that i would actually make a sort of records one day. they're saying one thing the next day they're saying another. so i wanted to create a catalog of the stories and events as it was going on for my own, my own interest. and so that i could refer back and sha
the more that i was out, this is how i don't totland delves into the creation of the federal reserve system honest. and to in control of in special minus you both on a run a load on next i will leave on the top of the out the the independent journalist mike jones says he constantly monitors the news west and media presents about the russian troops, special military operation in dumb bus, he often travels to the front line and meets people in the liberated territories. so the best moves now,...
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Feb 13, 2024
02/24
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they base federal reserve policies on this. they do other things based on this.oing so great, we can afford to spend a trillion here and a billion, a hundred billion there, it's just not happening. americans have told those powers, those in power that they're hurting, that this spike in inflation, 40-year-high inflation because the rate of inflation if lessened, they are not dumb. they understand it doesn't mean that the price goes down. the prices are not going down, and as we saw today and taylor made the point, the majority of those 19 components of the cpi actually reignited higher. so this is something to keep in mind. don't try to pull the wool over our eyes because, quite frankly are, it's expensive these days. liz claman,s over to you. hawaii a laugh. charles: charles, i wonder if you could just stay in the chair, and we'd love to add your voice to what's going on if, if you could, because you're looking at a specific names in tech hitting certain levels, so that would be great. we've got
they base federal reserve policies on this. they do other things based on this.oing so great, we can afford to spend a trillion here and a billion, a hundred billion there, it's just not happening. americans have told those powers, those in power that they're hurting, that this spike in inflation, 40-year-high inflation because the rate of inflation if lessened, they are not dumb. they understand it doesn't mean that the price goes down. the prices are not going down, and as we saw today and...
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reserve will cut interest rates by march, we know that is not happening after the federal reserve toldhe dow industrials would enter to 74 points the nasdaq down 15 and s&p 500 on 15th and the nasdaq lower by 31. mix performances continue this wording, oil prices are on the rise take a look after the u.s. retaliatory strikes in the middle east. crude oil 72.90 up a fraction and brent at $17.16 a barrel. european markets are mixed were waiting on a slew of earnings the s&p 100 is up 40 points, the cat crowned up 18 and the dax index in germany is lower by 12. a mixed story in asia, more selloffs in chinese stocks tell you about overnight shanghai composite bounced with a gain of three and a quarter percent, the hang seng up 4% as the government leadership the chinese communist party claims it will come out with stimulus for the markets. big news for china and hong kong the house ready to vote on department of homeland security alejandro mayorkas with the white house trying to slam it as unconstitutional. we'll talk about that, due to the conversation cyber intech expert krysia lenzo and
reserve will cut interest rates by march, we know that is not happening after the federal reserve toldhe dow industrials would enter to 74 points the nasdaq down 15 and s&p 500 on 15th and the nasdaq lower by 31. mix performances continue this wording, oil prices are on the rise take a look after the u.s. retaliatory strikes in the middle east. crude oil 72.90 up a fraction and brent at $17.16 a barrel. european markets are mixed were waiting on a slew of earnings the s&p 100 is up 40...
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he said he is concerned about the federal reserve and what it is about to do.s. >> i think he's going to do something to probably help the democrats. i think if he lowers interest rates. but you have the potential of having massive inflation again because the middle east could drive up the price of energy, energy has so much to do with it. the middle east, the bombs are dropping out of the place and the ships are starting to get hit and hit hard. if that happened job tremendous spikes in the price of oil and if you do that you have big inflation in all will be able to do anything but it looks like is trying to lower interest rates for the sake of getting people elected. maria: what about that, jay powell this week took the prospect of a rate cut and march off the table, maybe it is june but there were getting close to the election in november. president trump thinks he's going to cut rates to help joe biden. >> if he cuts rates, that the best explanation. i hope you won't and i think jay powell is a man of honor used to have lunch with him every month in the wh
he said he is concerned about the federal reserve and what it is about to do.s. >> i think he's going to do something to probably help the democrats. i think if he lowers interest rates. but you have the potential of having massive inflation again because the middle east could drive up the price of energy, energy has so much to do with it. the middle east, the bombs are dropping out of the place and the ships are starting to get hit and hit hard. if that happened job tremendous spikes in...
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Feb 13, 2024
02/24
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you put less emphasis on the federal reserve.rough this process of self healing and readjusting, do we talk about the federal reserve too much in regards to inflation? >> yes, i think the fed has a big impact on financial markets but a very small impact on the economy. they said they managed to bring inflation down but did they? the only mechanism they could have done that is reduce aggregate demand but we so gdp growth to 4.9% in the third quarter. there is not the slightest evidence the fed has succeeded in slowing down the economy. it can't take credit for lower inflation if they didn't slow the economy. jonathan: you expect us to get back to 2% with that process continuing? >> we still got auto insurance up 20.6% year-over-year. we know that new car prices stopped rising and auto repair costs arising more slowly. this thing has to crack. it's taking its time but it has to crack and shelter inflation, rents are being negotiated at the point of rental are not going up that fast so that will crack. if you look at auto insurance
you put less emphasis on the federal reserve.rough this process of self healing and readjusting, do we talk about the federal reserve too much in regards to inflation? >> yes, i think the fed has a big impact on financial markets but a very small impact on the economy. they said they managed to bring inflation down but did they? the only mechanism they could have done that is reduce aggregate demand but we so gdp growth to 4.9% in the third quarter. there is not the slightest evidence the...
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Feb 13, 2024
02/24
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reserve or wait longer to lower interest rates, we are at a tipping point where the federal reserve think it needs to increase rates any more. it has been on an aggressive campaign to rein in inflation. thinks most of the work is done. so the question is when they cut interest rates and everyone was expected that this year, the optimists were hoping it would come possibly as soon as may. i think what this report does is raise questions about that timeline, that perhaps the federal reserve was right when they they wanted to be cautious, but the flip side is if they wait too long, and they keep what we call policy tight for too long, that could trigger recession, and one of the things people were hoping for is that the fed had managed to achieve a delicate balance where it was able to control inflation without causing too much pain in the broader economy. i think now people are starting to question if we are quite out of the woods yet. it if we are quite out of the woods et. , ., , if we are quite out of the woods et. , . , , . if we are quite out of the woods et. , . , ' . . ~' yet.
reserve or wait longer to lower interest rates, we are at a tipping point where the federal reserve think it needs to increase rates any more. it has been on an aggressive campaign to rein in inflation. thinks most of the work is done. so the question is when they cut interest rates and everyone was expected that this year, the optimists were hoping it would come possibly as soon as may. i think what this report does is raise questions about that timeline, that perhaps the federal reserve was...
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Feb 26, 2024
02/24
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i understand the separation between the federal government and the federal reserve.hey are trying to work in an orchestrated way to accommodate a soft landing. but at the end of the day, the idea of having 475 basis points in 12 months is like pouring gasoline on a fire. i don't think they understood the unintended consequences of that action, coupled with the fact they have people working from home. as a result of their actions, we need the federal government to work with us to try to figure out a very soft landing for the industry as a whole. i have some ideas i can share with you. it is a very important conversation to be having because i know the federal reserve is contemplating what they do at the march meeting. i think they are looking at the data coming in. my concern with the data is a lot of it is old data. it is three or four months old. one could argue shelter has come down appreciably the last three or four months. some of the data they use may be obsolete. katie: that is a good point. monetary policy works with a lag. the policymakers are operating on a
i understand the separation between the federal government and the federal reserve.hey are trying to work in an orchestrated way to accommodate a soft landing. but at the end of the day, the idea of having 475 basis points in 12 months is like pouring gasoline on a fire. i don't think they understood the unintended consequences of that action, coupled with the fact they have people working from home. as a result of their actions, we need the federal government to work with us to try to figure...
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the situation has come about in part because the federal reserve raised interest rates to 40-year highs over the past year and a half causing dislocations in the commercial real estate loan market. "the wall street journal"'s top federal reserve reporter nick timiraos has jumped in the chair in washington d.c. i don't know, nick, we think this is important. the market is rushing to all-time highs at the moment. look at the dow, up 202. that said, could the shivers running through the regional bank market push up the rate cut timeline? >> based on what we've seen so far, liz, i don't think so. i don't think it would have any if set innuance on the setting of interest rates here. obviously, you'd want to watch something like this carefully to see if it's spreading. i think this gets to, you know, the concerns we've been hearing about, frankly, for a long time around office commercial real estate. i don't think it's a surprise to anybody. there's going to be pain out there. i think the question here is how does this all get resolved. is this extend and pretend, you know, over 5 or 10 years
the situation has come about in part because the federal reserve raised interest rates to 40-year highs over the past year and a half causing dislocations in the commercial real estate loan market. "the wall street journal"'s top federal reserve reporter nick timiraos has jumped in the chair in washington d.c. i don't know, nick, we think this is important. the market is rushing to all-time highs at the moment. look at the dow, up 202. that said, could the shivers running through the...
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Feb 20, 2024
02/24
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right now the federal reserve says the neutral rate is 2 1/2%. in september 2018, they raw ised it.andle more and we'll raise the neutral rate and cut less. if they do the same thing now, the markets says three cuts for dot plot this year, maybe you have two or three in store but you will deliver them if you think the economy is stronger, economy can handle interest rates at four, 4 1/2% for a longer time. the bond market goes higher yields especially for the long end of the curve, when that happens a long period of time, we seen in october, november, what happens. the stock market can't take it. you have realistic issues and there are commercial real estate problem now even brewing in europe. german banks are cracking under the exposure of to u.s. commercial real estate. 1/3 of financing comes that year in that sector this combination might ultimately lead the cycle to come in and unwind pretty fast. charles: wow, that is one hell of a script you put there. you put a lot of work into this. it is brilliant stuff. i'm kind of hoping you're wrong on this one. thanks a lot, my friend.
right now the federal reserve says the neutral rate is 2 1/2%. in september 2018, they raw ised it.andle more and we'll raise the neutral rate and cut less. if they do the same thing now, the markets says three cuts for dot plot this year, maybe you have two or three in store but you will deliver them if you think the economy is stronger, economy can handle interest rates at four, 4 1/2% for a longer time. the bond market goes higher yields especially for the long end of the curve, when that...
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it seems to an end to end the suffering as long as the federal reserves printing presses are running full tilt the us russia stand off, we'll continue. america will continue implementing its geopolitical goals at the expense of cod paper dollars. so us national debt, which today exceeds $32.00 trillion dollars, will continue to grow the sandwich. the show us, what can i may just see sasha, but could it be on the ceiling for him? they were just and i'm always glad to show it and fucked up a couple of 6 decimal. i didn't get a 0, so can also come up or else of interest that and you know, nice mediately. so just so i am the literally scaling, but the total wish of voice induced eclipse. the chef book point that was presented to disclose the winter if you'd like. for a group extinguishing, you're still able to dora, similar, wanting it if that that it got just social stuckey, voiding. that's got to thinking about community when energy official, everything that the little committees list for you. i will, concise student, approve religion at the state of virginia which of summer, but as i
it seems to an end to end the suffering as long as the federal reserves printing presses are running full tilt the us russia stand off, we'll continue. america will continue implementing its geopolitical goals at the expense of cod paper dollars. so us national debt, which today exceeds $32.00 trillion dollars, will continue to grow the sandwich. the show us, what can i may just see sasha, but could it be on the ceiling for him? they were just and i'm always glad to show it and fucked up a...
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it seems to an end to end the suffering as long as the federal reserves printing presses are running full tilt the us rushes stand off, we'll continue. america will continue implementing its geopolitical goals at the expense of cod paper dollars. so us national debt, which today exceeds $32.00 trillion dollars, will continue to grow the demos dolan. i'm going to show us what can i make just christy, sasha, what could it be on the ceiling for him? they were just and i'm always glad you showed and fucked on a couple of students as blue. i didn't get into that stuff enough. so what's, what process in processing you know? nice mediately. so just so i am the literally stanley, but the total shall voice induce eclipse. the chef book point i will be delighted to restore winter if you'd like for the group which seems near. so you would have dora. it's a similar one. it, it, that, that it got just social stuckey, voiding that's got to think about community on energy efficiency and everything that the little mediate. a associate will consist seeing approval each and then at the state of virgin
it seems to an end to end the suffering as long as the federal reserves printing presses are running full tilt the us rushes stand off, we'll continue. america will continue implementing its geopolitical goals at the expense of cod paper dollars. so us national debt, which today exceeds $32.00 trillion dollars, will continue to grow the demos dolan. i'm going to show us what can i make just christy, sasha, what could it be on the ceiling for him? they were just and i'm always glad you showed...
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Feb 6, 2024
02/24
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RUSSIA24
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investors were wary of statements by the heads of the federal reserve and the federal reserve bank ofrome pavel said in a television interview yesterday that macrostatistics do not yet indicate stable decline. up to 2%. accordingly, the regulator should not rush to ease monetary policy. colleague paula at the regional office of the federal reserve in minneapolis has the same opinion, which means that in the foreseeable future the cost of borrowing will remain high and the american market will have fewer reasons for growth. completion of exchange rates, the dollar today is 91 rubles 24 kopecks. euro 98 rub. 22 kopecks novel. maria, thank you, we’ll take a break now, after the advertisement there are instructions in the program. we'll tell you what changed during payment of child benefits and how to receive them. what is the most important thing in business? this is love. sber presents an award for entrepreneurs who are in love with their business. the winners will receive a whole year of acquiring without commission and free account opening and maintenance for 5 years. and all particip
investors were wary of statements by the heads of the federal reserve and the federal reserve bank ofrome pavel said in a television interview yesterday that macrostatistics do not yet indicate stable decline. up to 2%. accordingly, the regulator should not rush to ease monetary policy. colleague paula at the regional office of the federal reserve in minneapolis has the same opinion, which means that in the foreseeable future the cost of borrowing will remain high and the american market will...
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Feb 1, 2024
02/24
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the fourth meeting in a row, the federal reserve did not raise interest rates.s is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don't think it's likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell's words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this poin
the fourth meeting in a row, the federal reserve did not raise interest rates.s is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don't think it's likely that the committee will reach a level of confidence by the time of the march...
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Feb 16, 2024
02/24
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CNBC
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economy and the federal reserve that steps back. not without volatility, you just have to be aware of that. >> okay. financials now, just turned positive on the session. just about flat but hitting a 52-week high. when you're looking at financials, shannon, as we're debating interest rates obviously so sensitive to this area, is this a place you want to play? if you had cash, would you put it in financials? >> i think it's interesting. you think about all of the, quote, unquote, value money that sits out there waiting for a home. financials, leadership, how many years have we been waiting for financials to be leaders? i feel we've talked about that for a long time. if you look at the outlook from the big banks, the second half of the year was really where they expected to see some lift and you have seen the regional banking soft nness so it's interesting to see financials performing well given the fact that coming out of earnings season and out of what's happened over the course of the last several weeks that there should be maybe s
economy and the federal reserve that steps back. not without volatility, you just have to be aware of that. >> okay. financials now, just turned positive on the session. just about flat but hitting a 52-week high. when you're looking at financials, shannon, as we're debating interest rates obviously so sensitive to this area, is this a place you want to play? if you had cash, would you put it in financials? >> i think it's interesting. you think about all of the, quote, unquote,...