0
0.0
tv
eye 0
favorite 0
quote 0
north dakota senator and senate banking committee kevin cramer, it's great to see you.or joining us. what are you expecting from powell today, what do you want to ask him. >> i'm expecting what i heard yesterday and when you go second, the banking committee can do it one day after the host committee, you kind of have to get a little bit creative, one of the interesting discussions yesterday and the house committee was the workforce and immigration policy and when you look at the barriers to the growth of the economy going forward and seems like workforce is a big one and it seems like rado human being shortage cannibalizing between industries and within industries. i might dig into that and were all curious about basel iii and regulation to and the impact of regulation has and frankly i thought your previous interview with anton covered banking and financial services going on. maria: thank you i think regulation is top of mind for certainly the banking sector with expectations of a tighter regulatory framework. even while we continue to see stress in the banking sector
north dakota senator and senate banking committee kevin cramer, it's great to see you.or joining us. what are you expecting from powell today, what do you want to ask him. >> i'm expecting what i heard yesterday and when you go second, the banking committee can do it one day after the host committee, you kind of have to get a little bit creative, one of the interesting discussions yesterday and the house committee was the workforce and immigration policy and when you look at the barriers...
0
0.0
tv
eye 0
favorite 0
quote 0
tomorrow and then the senate bank committee on wednesday.an of the fed tomorrow. >> well, maria, it's very clear to me they're a lot more hawkish, they want to be cautious, and they don't want to cut too early because that could create reverberations of the other kind. but for sure inflation's coming down, this economy seems to be going in a different direction, so we have mixed data, and i cannot wait to see what he says to congress and what he talks about with the capitalization requirements for banks. maria: and, cheryl, good numbers from target today. >> yeah. target was actually -- what a story this morning, right? that was fascinating to watch. again, we've got the jobs numbers coming out, to her point, on friday. can't wait for the revisions, maria. [laughter] a month ago i told you, i said forget if january, let's just talk about the february number because this is ridiculous are, how they're calculating -- maria: look at this stock. target is up 9.33% right now on this better than expected report. the stock has been gaining momentum
tomorrow and then the senate bank committee on wednesday.an of the fed tomorrow. >> well, maria, it's very clear to me they're a lot more hawkish, they want to be cautious, and they don't want to cut too early because that could create reverberations of the other kind. but for sure inflation's coming down, this economy seems to be going in a different direction, so we have mixed data, and i cannot wait to see what he says to congress and what he talks about with the capitalization...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
he will have more to say in front of the senate banking committee on thursday. in other news making headlines, a former google software enginer has been indicted in california on charges of stealing trade secrets related to the compay�*s artificial intelligence technology. our asia business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. he was arrested at home in california charged counts of stealing on behalf of two chinese companies stealing ai. we understand he worked as a software engineer from 2019. in 2022, he started being courted by a chinese start—up to be their chief technology officer. from then until may 2023, he uploaded or stole about 500 different confidential documents, particularly pertaining to systems and chips that are needed by google to build their data centres to meet advanced aim machine learning. google uses to gain a competitive advantage over its competitors, like amazon and microsoft in order to reduce its reliance on nvidia's chips. we understand that he then decided
he will have more to say in front of the senate banking committee on thursday. in other news making headlines, a former google software enginer has been indicted in california on charges of stealing trade secrets related to the compay�*s artificial intelligence technology. our asia business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. he was arrested at home in california charged counts of stealing on behalf of two chinese...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
he'll have more to say in front of the senate banking committee on thursday.ineer has been charged in the us with stealing trade secrets about artificial intelligence while secretly working for two chinese companies. joao da silva in singapore has the details. it's a story that reads very much like a spy novel in the age of intensifying competition for al supremacy. according to the indictment, he was hired by google as a software engineer in 2019. a few years later, he allegedly began uploading information stored in google's network to a personal google account. meanwhile, he was also spending time in china, where a startup tech firm offered him the job of chief technology officer and a salary of nearly $15,000 a month. he also started his own tech firm there with a focus on al. the prosecutors say all of this was happening without him telling google about his work for those other companies. just before the end of 2023, he returned to the us, booked a one way ticket from san francisco to beijing and resigned. that's when google really took action, search his
he'll have more to say in front of the senate banking committee on thursday.ineer has been charged in the us with stealing trade secrets about artificial intelligence while secretly working for two chinese companies. joao da silva in singapore has the details. it's a story that reads very much like a spy novel in the age of intensifying competition for al supremacy. according to the indictment, he was hired by google as a software engineer in 2019. a few years later, he allegedly began...
0
0.0
Mar 7, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
this time in front of the senate banking committee. powell telling house lawmakers yesterday he expects interest rates to come down this year, but is not ready to say when. the fed chair added the fed is looking for more consist moves. >> because of the progress we made, we can approach that step thoughtfully and confidence. when we reach that con ifidence means can dial back the policy. >> june is the first rate cut. traders are pricing in a 55% chance of a .25% move. let's talk with jeremy schwartz at wisdom tree and sophie lund-yates. jeremy, we saw the markets finish higher after the jay powell testimony. what does that indicate to you about traders' confidence in the cuts? >> we were saying the market was getting excited and started pricing in six-to-seven wcuts. if the fed doesn't price in the cuts, we will have a tough time of getting gains in the market. we said it wasn't about the cuts, but willingness to cut if there is weakness. we were worried to say inflation is the top concern. we cannot say. he showed the flexibility. we
this time in front of the senate banking committee. powell telling house lawmakers yesterday he expects interest rates to come down this year, but is not ready to say when. the fed chair added the fed is looking for more consist moves. >> because of the progress we made, we can approach that step thoughtfully and confidence. when we reach that con ifidence means can dial back the policy. >> june is the first rate cut. traders are pricing in a 55% chance of a .25% move. let's talk...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
he will have more to say in front of the senate banking committee on thursday.le of a series of six concerts here in singapore and this morning we are looking at the pop icon's ripple effect on the economy, especially on smaller businesses. beyond travel and tourism, there's the beads, the buses and the beverages which are getting a swift lift. # look what you made me do, look what you made me do, look what you just made me do... these are some of our favourite songs or song lyrics that mean a lot to us. in one of her songs, i she has a line that says make your friendship bracelet, alluding to our teen or younger days. i our teenage fan days! i thought it's a small business, it's good. initially when i started a couple of week backs, it wasn't as fast moving but recently it is a lot more popular, a lot of supply shops as well, the run off of alphabet beads and things like that. people start to panic and pick up a lot more. stuff like this is in every once in awhile sort of situation so i wouldn't mind spending a bit more to be quite honest. unless they are top i
he will have more to say in front of the senate banking committee on thursday.le of a series of six concerts here in singapore and this morning we are looking at the pop icon's ripple effect on the economy, especially on smaller businesses. beyond travel and tourism, there's the beads, the buses and the beverages which are getting a swift lift. # look what you made me do, look what you made me do, look what you just made me do... these are some of our favourite songs or song lyrics that mean a...
0
0.0
tv
eye 0
favorite 0
quote 0
today and tomorrow in front of the senate banking committee.want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one, that's going to get a lot of questions, is he going to lower rates. the job against inflation, the biden infl inpl inflation is no. the second point is the biden regulatory policy, trying to push the fed to increase regulatory costs on banks at the moment when they're trying to struggle with those high interest rates that were necessary to fight biden's inflation and nonperforming assets increasing in the commercial real estate sector and other sectors. so i think jay powell will get a lot of questions about what i
today and tomorrow in front of the senate banking committee.want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than...
0
0.0
tv
eye 0
favorite 0
quote 0
jay powell will testify before the senate banking committee.l services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly product i've the. what i heard yesterday was largely a very sober interpretation of where things are. it was more holistic than chairman powell has been in the past. they agreed they were very slow in dealing with inflation, two years ago they were calling it transitory. now the most rapid increase of interest rates ever. that's where it is. powell said some very important things. bbasel three is going to have broad and material change as he stated. he also stated that spending was minimizing the level of inflationary growth and a they're going to be staying there with the interest rates until some re
jay powell will testify before the senate banking committee.l services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly product i've the. what i heard yesterday...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
he will have more to say in front of the senate banking committee on thursday. in other news making headlines, a former google software enginer has been indicted in california on charges of stealing trade secrets related to the compay�*s artificial intelligence technology. our asia business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. arrested at home in california charged with his former counts of stealing on behalf of two chinese companies stealing ai. what we understand he still was data related to google's large model of learning is, what they're doing in order to train up they're doing in order to train up their big data centres. it is alleged that he started the company in 2019 as a software engineer, did hisjob legally for three years and then in 2022, started being courted to be the chief technology officer of a small start—up in china. it was then alleged that from that point until about may 2023, he uploaded 500 confidential documents. he then later went on to create his own company,
he will have more to say in front of the senate banking committee on thursday. in other news making headlines, a former google software enginer has been indicted in california on charges of stealing trade secrets related to the compay�*s artificial intelligence technology. our asia business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. arrested at home in california charged with his former counts of stealing on behalf of two...
0
0.0
tv
eye 0
favorite 0
quote 0
and in the senate banking committee we have the preview.kening adp numbers this morning in the january jolts numbers later today along with the february jobs report from the labor department on friday, bitcoin reaching all-time highs yesterday $69200 before pulling back with the 10% decline on the session yesterday rechecking a bitcoin along with gold hitting a new record high and midst all of this uncertainty were watching it all morning long. european market take a look at the eurozone gains across-the-board in europe the fractional move across-the-board. in asia overnight markets are lower take a look at the asian embassies we see the shanghai composite down in the cost be in the nikkei lower but the hang seng index in hong kong higher overnight gop political strategist bullseye american ingenuity for an adam johnson is here and former assistant secretary of the treasury monica crowley is here "mornings with maria" is live right now. ♪. >> they call a super tuesday for a reason and they tell me the pundits and otherwise this is never bee
and in the senate banking committee we have the preview.kening adp numbers this morning in the january jolts numbers later today along with the february jobs report from the labor department on friday, bitcoin reaching all-time highs yesterday $69200 before pulling back with the 10% decline on the session yesterday rechecking a bitcoin along with gold hitting a new record high and midst all of this uncertainty were watching it all morning long. european market take a look at the eurozone gains...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
have more to say in front of the senate banking committee on thursday.le of a series of six concerts here in singapore, and this morning we are looking at the pop icon�*s ripple effect on the pop icon�*s ripple effect on the economy, especially on small businesses. beyond travel and tourism those the beads, buttons the beverages, which are getting a swift left. cities are like some of our favourite songs or favourite song lyrics that mean a lot to us. she has this line make the friendship bracelet, so she is leading to our teen or younger days. leading to our teen or younger da s. . ., ._ , leading to our teen or younger das. . ., | days. teenage fan days. i thought _ days. teenage fan days. i thought as _ days. teenage fan days. i thought as a _ days. teenage fan days. i thought as a small- days. teenage fan days. i i thought as a small business days. teenage fan days. i - thought as a small business is good to start off. initially when i started a couple of weeks back it was not as fast moving but recently it has a lot more popular. a lot of supply sho
have more to say in front of the senate banking committee on thursday.le of a series of six concerts here in singapore, and this morning we are looking at the pop icon�*s ripple effect on the pop icon�*s ripple effect on the economy, especially on small businesses. beyond travel and tourism those the beads, buttons the beverages, which are getting a swift left. cities are like some of our favourite songs or favourite song lyrics that mean a lot to us. she has this line make the friendship...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
in a few hours' time, jerome powell testifying for the senate banking committee. erin delmore, our north america business correspondent. what are we expecting him to say to the senators? the what are we expecting him to say to the senators?— the senators? the federal reserve chairman is — the senators? the federal reserve chairman is a _ the senators? the federal reserve chairman is a veteran _ the senators? the federal reserve chairman is a veteran of— the senators? the federal reserve chairman is a veteran of scenes - the senators? the federal reserve| chairman is a veteran of scenes like this, testifying on capitol hill, and had a run at it yesterday in front of the house. he stuck to the script, saying while we can expect interest rates are at their peak, if things continue as they have been, we in to sedate rate cuts ahead but did not give clues on time. he was cautious, walking a tightrope, saying the federal have to see inflation going down sustainably to its 2% target before cutting interest rates. he warned more evidence is necessary and they are having a
in a few hours' time, jerome powell testifying for the senate banking committee. erin delmore, our north america business correspondent. what are we expecting him to say to the senators? the what are we expecting him to say to the senators?— the senators? the federal reserve chairman is — the senators? the federal reserve chairman is a _ the senators? the federal reserve chairman is a veteran _ the senators? the federal reserve chairman is a veteran of— the senators? the federal reserve...
0
0.0
Mar 4, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
banking committee. also on thursday, watching president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on the c-span networks or on c-span now, our free mole video app. also head over to c-span.org for scheduling information or to watch live or on-demand any c-span is your unfiltered view of government. we are funded by these television companies and more, including>> do you think this a community center? it is way more than that. comcast is ping committee centers to create wi-fi enabled buildings so uden anything. >> comcast supports c-span as a public service along with these otr television providers, seat to democracy. on mondays, when congresslike e some time to look at the week aheadn an normal because there is a holland goingjoining us to taket is eric foley, congressional reporter with the hill newspaper. let's talk budget firsy9■. congrr short-term funding deal at the end of last week to buy themselves more timer
banking committee. also on thursday, watching president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on the c-span networks or on c-span now, our free mole video app. also head over to c-span.org for scheduling information or to watch live or on-demand any c-span is your unfiltered view of government. we are funded by these television companies and more, including>> do you think this a community center?...
0
0.0
Mar 4, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
, then on thursday before the senate banking committee.so on thursday, watching c-span's live coverage as president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on theree moso head scheduling information or to watch live or on-demand any time.>> c-span is your unfiltered view of government. we are funded by these television companies and more, including
, then on thursday before the senate banking committee.so on thursday, watching c-span's live coverage as president biden gives the annual state of the union addre before a joint session of congress to outline his priorities for the country. live on theree moso head scheduling information or to watch live or on-demand any time.>> c-span is your unfiltered view of government. we are funded by these television companies and more, including
0
0.0
tv
eye 0
favorite 0
quote 0
system yesterday in his testimony to the senate banking committee, the u.s.king system can handle this issues in commercial real estate while he signaled more banks may fall in the regulations are coming. we will preview the regulations while awaiting key job stated this morning. it is jobs friday the fibroid jobs report out at 8:30 a.m. eastern, all hands on deck. european markets are mixed, take a look at the eurozone, the s&p 100 and bonded as lower by 33, the cat crown in paris is higher by 17 and dax index in germany lower by ten. in asia overnight green across the board, take a look at asia you will see the best performer overnight, the korean index, cosby index one and a quarter percent, the others will be higher fractionally. joining the conversation gop strategist joe pinion, cheryl casone and lonski group founder john mann ski. "mornings with maria" is live right now. ♪ ♪ ♪. maria: time for the hot topic of the hour president biden delivering the third state of the union address touching on taxes, crime, inflation in ukraine, white house corresponde
system yesterday in his testimony to the senate banking committee, the u.s.king system can handle this issues in commercial real estate while he signaled more banks may fall in the regulations are coming. we will preview the regulations while awaiting key job stated this morning. it is jobs friday the fibroid jobs report out at 8:30 a.m. eastern, all hands on deck. european markets are mixed, take a look at the eurozone, the s&p 100 and bonded as lower by 33, the cat crown in paris is...
0
0.0
Mar 7, 2024
03/24
by
MSNBCW
tv
eye 0
favorite 0
quote 0
. >> joining us now is democratic senator sherrod brown of ohio, chair of the senate banking committeehe united states senate. senator brown, what i did not hear their wasn't support for what people in ohio have voted for. how they have expressed themselves already on this issue.>> yeah. there is a certain arrogance to this. they didn't even acknowledge what happened last november in a state that people say is fairly conservative. people in ohio voted to protect constitutional rights of women, protect the constitutional right to abortion. they still, these rich guys running against each other, all think they know better. they have called for a national abortion ban. the kind of dance around it, but fundamentally they are for a national abortion ban. and direct opposition to what the voters of ohio said. we are going to make that clearly, we make that contrast on that issue. we make a contrast on many of the -- many issues about the dignity of work. i have watched all three of these debates. every talk about workers, never talk about how, keeping prescription drug prices down, so worker
. >> joining us now is democratic senator sherrod brown of ohio, chair of the senate banking committeehe united states senate. senator brown, what i did not hear their wasn't support for what people in ohio have voted for. how they have expressed themselves already on this issue.>> yeah. there is a certain arrogance to this. they didn't even acknowledge what happened last november in a state that people say is fairly conservative. people in ohio voted to protect constitutional...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jonathan: thank you, chairman powell in front of the committee yesterday, the senate banking committeet of that might be it might be senator warren coming up. lisa: why are you taking away our gateway to protection against largest banks? you should be increasing the capital holding. i'm curious about whether he walks back some of his proclamations from yesterday given some of this is that maybe he was front running his compatriot michael barr from the vice chair of supervision. jonathan: we are not going to talk about how happy brian might be. i want to talk about monetary policy with you. that news conference is going to start in just a moment. can you frame what they are looking at in europe and what you are looking at in the united states? >> i would just say as a policymaker is a lot easier to justify action if growth is slowing down meaningfully. if inflation is coming down and growth is weakening, it is obvious. it is about timing, not necessarily direction. in the u.s., the direction of travel has been toward firmer growth and then questioning how quickly does inflation come dow
jonathan: thank you, chairman powell in front of the committee yesterday, the senate banking committeet of that might be it might be senator warren coming up. lisa: why are you taking away our gateway to protection against largest banks? you should be increasing the capital holding. i'm curious about whether he walks back some of his proclamations from yesterday given some of this is that maybe he was front running his compatriot michael barr from the vice chair of supervision. jonathan: we are...
0
0.0
Mar 20, 2024
03/24
by
FBC
tv
eye 0
favorite 0
quote 0
mike braun member senate banking committees, thoughts on the biden budget. >> more of the same 258 billion number one. it would be adding to the sugar high economy we've had ever since he took over. maria, you never hear about the fact most of the good number jobs government jobs, that they brag about in terms of job creation, laboring participation rates are low. he and his crew have grown the federal government to about 25% of our gdp. it is has never been more than 20 outside of wartime take a crisis go to town with it, rob emmanuel done that doubled down, inflation high interest rates, that is the issue behind housing. we do not need more federal government where we borrow every penny that is desperation in my mind. maria: overall budget 7.3 trillion dollar budget 5 1/2 trillion dollars tax increases talking about a 3.2% boost in defense spending when you look at that compared to inflation, stocks decline this is priorities declining defense higher taxes? >> their political enterprises going to say raise taxes, but that is not going to happen, because even when it comes down to the nit
mike braun member senate banking committees, thoughts on the biden budget. >> more of the same 258 billion number one. it would be adding to the sugar high economy we've had ever since he took over. maria, you never hear about the fact most of the good number jobs government jobs, that they brag about in terms of job creation, laboring participation rates are low. he and his crew have grown the federal government to about 25% of our gdp. it is has never been more than 20 outside of...
0
0.0
tv
eye 0
favorite 0
quote 0
wednesday the senate banking committee thursday this is the annual humphrey-hawkins testimony lawmakersl ask him about, the central bank handling of inflation whether or not cutting interest rates, plans to raise bank capital requirement a big subject as well we had a big week with of jobs data february adp january jolts number on wednesday, followed by important labor department report friday ceo of crossmark chief investment officer bob doll welcome back thank you. good morning. >> what are you expecting from the fed, first talk about jay powell, what do you think he is going to be messaging to congress wednesday and thursday? >> look maria going to walk that fine line too soon to think about cutting rates inflation we've got a couple bad newborns cpi, ppi a couple weeks ago, so he is going to walk that fine line to say we done a lot of work inflation has come down not red to cut because we need more signs heading toward 2% number we target i don't think we get to 2% that is a whole 'nother story. >> sounds present given where we are right bob? look, you've got an economy that is slow
wednesday the senate banking committee thursday this is the annual humphrey-hawkins testimony lawmakersl ask him about, the central bank handling of inflation whether or not cutting interest rates, plans to raise bank capital requirement a big subject as well we had a big week with of jobs data february adp january jolts number on wednesday, followed by important labor department report friday ceo of crossmark chief investment officer bob doll welcome back thank you. good morning. >> what...
0
0.0
Mar 7, 2024
03/24
by
BBCNEWS
tv
eye 0
favorite 0
quote 0
we will have more to say in front of the senate banking committee on thursday.k sales here in the uk, and the boost is much needed, with fewer than half of uk kids saying they enjoy reading, in a recent survey. they are pointing the finger at parents who fail to set an example, telling kids to read while scrolling their phones. guilty as charged! cassie chadderton is chief executive of world book day. good morning to you. firstly, do you have children?- do you have children? well, i have a 21-year-old _ do you have children? well, i have a 21-year-old child, - do you have children? well, i have a 21-year-old child, sol do you have children? well, i. have a 21-year-old child, so an have a 21—year—old child, so an aduu have a 21—year—old child, so an adult child. have a 21-year-old child, so an adult child.— have a 21-year-old child, so an adult child. was world book day around when — adult child. was world book day around when she _ adult child. was world book day around when she was _ adult child. was world book day around when she was little? - adult child. was
we will have more to say in front of the senate banking committee on thursday.k sales here in the uk, and the boost is much needed, with fewer than half of uk kids saying they enjoy reading, in a recent survey. they are pointing the finger at parents who fail to set an example, telling kids to read while scrolling their phones. guilty as charged! cassie chadderton is chief executive of world book day. good morning to you. firstly, do you have children?- do you have children? well, i have a...
0
0.0
tv
eye 0
favorite 0
quote 0
banking committee today piper sandler, jake, did you hear anything new from fed what do you expect.rprise powell continue to over steer on inflation given logarithm missed by upside,tremendous last six months pce, strip out shelter, so we are clearly there in terms of target, but they fear a surprise to upside fear labor market too tight january print i think freaked them out they changed messaging on that that is going to unwind through the months a door wide-open if they want more cuts i think what is interesting with you look at market m terms of how pricing fed out right? on average the market looking 3 to 4, by -- of next year, but very bimodal the undergo risk preconditions in economy distribution of potential outcomes for growth, have a negative skew to them, right about 80 administrators chance right now fed does nothing this year, but 20% chance they do a lot, right so that is how we're kind of managing that process right now. maria: a i want to ask you about what that means for macrostory in your latest note you write the consumers spent all koifrd stimulus money you say s
banking committee today piper sandler, jake, did you hear anything new from fed what do you expect.rprise powell continue to over steer on inflation given logarithm missed by upside,tremendous last six months pce, strip out shelter, so we are clearly there in terms of target, but they fear a surprise to upside fear labor market too tight january print i think freaked them out they changed messaging on that that is going to unwind through the months a door wide-open if they want more cuts i...
0
0.0
tv
eye 0
favorite 0
quote 0
and hen the senate banking committee wednesday and thursday., will focus on the central bank's handling of inflation and its plans to raise bank capital requirements and cut interest rates. so i want to get your take on what the fed may say this week. of course, we've got the big week of jobs data on deck, the february adp number out on wednesday, the jolts report on wednesday, the jobs report on friday. so what do you think we'll hear from jay powell on this week, wednesday and thursday? >> well, certainly the fed speak really in the last several weeks has been around the concept of continuing caution while they they see a lot of progress has been made, they don't want to act prematurely and i think looking at the rising inflation we've had really since mid-2022, again, they're really wanting to make sure they can counter act that by ensuring that the data is coming in sufficiently supportive of their case to really be able to begin to move to a pivot and so we expect chair powell to continue that messaging here as he testifies before both the
and hen the senate banking committee wednesday and thursday., will focus on the central bank's handling of inflation and its plans to raise bank capital requirements and cut interest rates. so i want to get your take on what the fed may say this week. of course, we've got the big week of jobs data on deck, the february adp number out on wednesday, the jolts report on wednesday, the jobs report on friday. so what do you think we'll hear from jay powell on this week, wednesday and thursday?...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
senate banking committee that policymakers are getting closer to the confidence they need to start easing>> we are in the right place. we are waiting to become more confident inflation is moving sustainably at 2%. when we get that confidence, and we aren't far from it, it will be appropriate to dial back the level of restriction so we don't drive the economy into recession rather than normalizing policy as the economy gets back to normal. paul: bloomberg's global economic correspondent enda curran joins us now. we heard from jay powell and loretta mester of the cleveland fed's and she also wants to see a couple more data points, more evidence of inflation cooling further. the question is timing. when will we see the fed move? into --enda: we had a signal from chair powell today saying you need to be very confident inflation is heading back towards target. then is he thinks that is not far away now. what constitutes not far off course will be the great game over the next few weeks but it suggests something like 20 months. it is worth noting at the hearing today, mr. powell was really getti
senate banking committee that policymakers are getting closer to the confidence they need to start easing>> we are in the right place. we are waiting to become more confident inflation is moving sustainably at 2%. when we get that confidence, and we aren't far from it, it will be appropriate to dial back the level of restriction so we don't drive the economy into recession rather than normalizing policy as the economy gets back to normal. paul: bloomberg's global economic correspondent...
0
0.0
tv
eye 0
favorite 0
quote 0
well, the senate banking committee did. very strong bipartisan majority in support of it.g that, yes, for this handful of banks that need to be focused like a laser on their commercial real estate exposure, i do think that would provide some additional incentives. but i repeat, the vast majority of regional banks, i think, are fine. liz: okay. >> we're going to have more failures, no doubt about that, and that shouldn't be a concern to people, at least households, main street if they're under the insured deposit levels. liz: i'm getting a wrap, but with i have to ask you, march 11th, monday, the fed's bank term lending program which was open for regionals to insure and stabilize the depositors one year ago during the sill is con valley -- silicon valley, signature bank with, crept suisse as well -- credit suisse as a well, that's scheduled to close on monday. is that going to be a mistake by the fed? >> well, you know, look, i applaud that they -- you don't want to let these special programs last are forever. i think they may be a pretty -- little premature on that. i woul
well, the senate banking committee did. very strong bipartisan majority in support of it.g that, yes, for this handful of banks that need to be focused like a laser on their commercial real estate exposure, i do think that would provide some additional incentives. but i repeat, the vast majority of regional banks, i think, are fine. liz: okay. >> we're going to have more failures, no doubt about that, and that shouldn't be a concern to people, at least households, main street if they're...
0
0.0
Mar 20, 2024
03/24
by
MSNBCW
tv
eye 0
favorite 0
quote 0
he is the chair of the senate banking committee and is running for re-election to the united states senate. senator, 100% of the vote sounds pretty good to me in the democratic senate primary. >> there were not a lot of people running, but i think my career in terms of fighting for workers in taking on special interest is why nobody challenged me in the primary but i did not really expect to talk about 100% of the vote, but thank you very much, lawrence. >> you have a son of ohio, martin sheen, who does not easily step forward in these situations. tell us about how that ad came together with martin sheen? >> martin and i and janet and connie and my wife have known each other now for more than a decade. i love to tell the story. martin has been campaigning a half-dozen times for me and i love to tell the story. martin sheen's first job was as a caddie at the dayton country club and he was fired for trying to organize a union so that is who martin sheen is. the dignity of work absolutely fits him and he has fought the same special interest we do. he's always devoted his life to justice and o
he is the chair of the senate banking committee and is running for re-election to the united states senate. senator, 100% of the vote sounds pretty good to me in the democratic senate primary. >> there were not a lot of people running, but i think my career in terms of fighting for workers in taking on special interest is why nobody challenged me in the primary but i did not really expect to talk about 100% of the vote, but thank you very much, lawrence. >> you have a son of ohio,...
133
133
tv
eye 133
favorite 0
quote 1
on wednesday and senate banking committee on thursday.andling of inflation and plans to raise capital requirement as well as plans to cut interest rates, mark. what do you think is going to be said at this humphrey hawk o hus testimony. >> inflationary data has not been fantastic. if you look at the year over year numbers, yeah, they seem to be trending lower but i mean, 0.4% month over month, that's a high number. and that equates to 4.8% over the course of a year on a run rate basis which is over twice the fed's target so it looks like it would be very, very difficult for the fed to cut rates. do i think it will be a market mover? interestingly enough, maria, we came into this year expecting, what, six and-a-half to seven rate cuts this. year.maria: that was fantasy. >> we're down to three and-a-half and the market is up 7 and-a-half percent. the market has done a good job of shrugging that stuff off and instead focusing on a.i. and the glp-1 drugs like ozempic. that's what's keeping the market going. when you look at the market's perfo
on wednesday and senate banking committee on thursday.andling of inflation and plans to raise capital requirement as well as plans to cut interest rates, mark. what do you think is going to be said at this humphrey hawk o hus testimony. >> inflationary data has not been fantastic. if you look at the year over year numbers, yeah, they seem to be trending lower but i mean, 0.4% month over month, that's a high number. and that equates to 4.8% over the course of a year on a run rate basis...
0
0.0
tv
eye 0
favorite 0
quote 0
sarge, we gotta nag if our viewers -- flag our viewers that jay powell in front of the senate banking committee today, this morning, said inflation had cooled enough and that we're not far from the confidence needed to cut interest rates. what does the market's reaction right now to these headlines about consumer credit mean for maybe pushing up, making it sooner or rather than later for a rate cut? >> well, i think there's a few things going into the market right now. one is, yes, the probability for a rate cut this year, i don't think we're as a close as powell sounded today. i think it's more like how he sounded yesterday when he said we had to be patient and it might be a little while. so, yeah, we're probably pricing in maybe 50 basis points of cuts this year, maybe not. i wouldn't get overly excited about that. we might be pricing in the presidential election. i'm not saying that president trump or president biden would be better for the economy right now, but i think most people feel that maybe going forward president trump might be. so i think that maybe they're pricing in a s
sarge, we gotta nag if our viewers -- flag our viewers that jay powell in front of the senate banking committee today, this morning, said inflation had cooled enough and that we're not far from the confidence needed to cut interest rates. what does the market's reaction right now to these headlines about consumer credit mean for maybe pushing up, making it sooner or rather than later for a rate cut? >> well, i think there's a few things going into the market right now. one is, yes, the...
0
0.0
Mar 7, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
we will go to capitol hill where the fed chair is testifying to the senate banking committee. >> why shouldn't the fed act now for workers to lose their jobs rather than reacting after the fact? chair powell: we are well aware and very conscious of avoiding it. what we expect and what we are seeing is continued strong growth and labor market and continuing progress and bringing inflation down. if that happens and the economy evolves over that path and we do think that the process of carefully removing the restrictive stance and policy will and can begin over the course of this year. sen. brown: i know we have had this conversation publicly or privately, and also that you know that working people are hit the hardest with inflation and when companies try to cut costs with layoffs. this town seems to too often forget that maximum employment is part of the fed's dual mandate. let me ask you about bank supervision. senator scott mentions that. the bank failures illustrate the need for strong oversight. svb grew too big and too fast and supervision did not react. the fed and response under
we will go to capitol hill where the fed chair is testifying to the senate banking committee. >> why shouldn't the fed act now for workers to lose their jobs rather than reacting after the fact? chair powell: we are well aware and very conscious of avoiding it. what we expect and what we are seeing is continued strong growth and labor market and continuing progress and bringing inflation down. if that happens and the economy evolves over that path and we do think that the process of...
0
0.0
Mar 5, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
in front of the humphry hawkins as we used to call it, house financial services committee tomorrow, senatettee the following day, the markets are giving him a weak i equity market and frothy treasury market. 10:00 eastern, what was going on, 2, 10 and 30s minus 6.2% on the updated durable goods, biggest month over month drop in nearly four years. transportation, down .4 biggest monthly drop in nine months. then ism services, your employment index. by the way we have two employment numbers this week drops back below 50. all of this, of course, you can see on the charts at 10:00 eastern, any maturity they all move lower. but here is something fascinating. last year the first leg of humphry hawkins, house financial services side was on march 8th. but let's go back three or four weeks and look at the chart. this is a two-year. you see that huge drop. that was 3/8, the day of humphry hawkins last year. it had a huge effect on 2 year note yields. let's keep that same date and go down the yield curve. here is a 10-year, much smaller move. 10-year yields at that point in time were basically tradin
in front of the humphry hawkins as we used to call it, house financial services committee tomorrow, senatettee the following day, the markets are giving him a weak i equity market and frothy treasury market. 10:00 eastern, what was going on, 2, 10 and 30s minus 6.2% on the updated durable goods, biggest month over month drop in nearly four years. transportation, down .4 biggest monthly drop in nine months. then ism services, your employment index. by the way we have two employment numbers this...
0
0.0
Mar 14, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
banking committee hearing outlining how the scale of payment fraud is sizabnd increasing, including that consumers hav reported 100 million in unauthorized transactions on cash out, and 57 million on venmo and 2022 alone. how with the cfpb proposed rule help to alleviate the method of payment fraud in the market? >> so with respect to fraud specifically, when the cfpb has supervision over a firm conducts regular examinations to ensure compliance with of course change it guidelines, in this case related to electronic funds transfer act obligations or account fraud. usually the aim is to make sure the company is a fortifying itself with consumer protection measures as well is trying to thwart consumer fraud before it occurs.or compliance with these apps to ensure payment companies have, for instance, robust dispute resolution mechanisms as well as disclosures. and, of course, the bureau can also assess a companies risk assessment strategies and the bureau can in that way delve into sort of the intricacies of the payment companies operations and pin point vulnerabilities and fraud hots
banking committee hearing outlining how the scale of payment fraud is sizabnd increasing, including that consumers hav reported 100 million in unauthorized transactions on cash out, and 57 million on venmo and 2022 alone. how with the cfpb proposed rule help to alleviate the method of payment fraud in the market? >> so with respect to fraud specifically, when the cfpb has supervision over a firm conducts regular examinations to ensure compliance with of course change it guidelines, in...
0
0.0
Mar 2, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
on thursday before the senate banking committee.address before a joint session of congress to outline his priorities for the country. watch next week on the c-span network or on c-span now, the free mobile video app. head over to c-span network for scheduling or to watch on any time. c-span, your unfiltered view of government. >> two years ago democracy faced the greatest threat with the civil war and the bruise to our democracy remains unbroken. >> thursday president biden delivers the annual state of the union address during a joint session of congress to outline his priories watch coverage beginning at eight :00 p.m. eastern with the preview program followed by president biden's speech. then an alabama senator will give the republican response and we will get your reaction by taking your phone calls and social media comments. watch the state of the union address on thursday at 8:00 p.m. eastern on c-span, the free mobile video app or online at c-span.org. lovers c-span has the podcast for you. this into authors and influential ie
on thursday before the senate banking committee.address before a joint session of congress to outline his priorities for the country. watch next week on the c-span network or on c-span now, the free mobile video app. head over to c-span network for scheduling or to watch on any time. c-span, your unfiltered view of government. >> two years ago democracy faced the greatest threat with the civil war and the bruise to our democracy remains unbroken. >> thursday president biden delivers...
0
0.0
Mar 7, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
he will testify ahead of the senate banking committee. we have priya with us. will it be any different from yesterday and what did we hear yesterday in your view? >> i don't think it will be that different. i think what we heard yesterday was more interesting what powell did not say. he did not talk about acceleration or inflation being too high. what he talked about is rate cuts are on the table this year. later this year. i think he is trying to retain options. whether they cut in may or june or july, it does ein't mat. the soft landing is predicated on the fed cutting rates. i think jay powell said we will cut, but we need more data. he didn't say we need better data, but the same data. it will not be a straight line down. every market cheered and that makes sense. >> the soft landing is predicated on cuts. why? things seem to be going well. >> monetary policy works with a lag. the overall consumer is okay. you look at lower-end consumers and that credit card debt is growing. that credit card debt is high with interest rates where they are and there is a lot
he will testify ahead of the senate banking committee. we have priya with us. will it be any different from yesterday and what did we hear yesterday in your view? >> i don't think it will be that different. i think what we heard yesterday was more interesting what powell did not say. he did not talk about acceleration or inflation being too high. what he talked about is rate cuts are on the table this year. later this year. i think he is trying to retain options. whether they cut in may...
0
0.0
Mar 2, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
on thursday before the senate banking committee.sday watch live coverage as president biden gives the annual state of the union address before aof congress to outline his priorities for the country. watch next week on the c-span now, over to c-span network for scheduling information or to watch on any time. government. >> two years ago democracy faced the greatest threat with the civil war and the bruise to our democracy remains unbroken. >> union address during a joint session of congress to outline his priorities for the country. watch coverage beginning at eight :00 p.m. eastern with the preview program followed by president biden's speech. then an alabama senator will give the republican response and we will get your reaction by taking your phone calls and social media comments. watch the state of the union address on thursday at 8:00 p.m. eastern on c-span, the free mobile video app or online at c-span.org. >> nonfiction book lovers c-span has the podcast for you.this into authors and influential interviewers on the podcast. on
on thursday before the senate banking committee.sday watch live coverage as president biden gives the annual state of the union address before aof congress to outline his priorities for the country. watch next week on the c-span now, over to c-span network for scheduling information or to watch on any time. government. >> two years ago democracy faced the greatest threat with the civil war and the bruise to our democracy remains unbroken. >> union address during a joint session of...
0
0.0
Mar 3, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
thursday before the senate banking committee.atch c-span's live coverage as per the divide and gives the end will state of the union address before a joint session of congress to outline his priorities for the country. watch live. go to c-span.org for scheduling information or to watch live and on-demand anytime. c-span, your unfiltered view of government. >> if you ever miss any of c-span's coverage, you can find it anytime online at c-span.org. video of key hearings, debates, and other events feature points of interest markers that appear on the right hand side of your screen when you hit "play" unselect videos. this makes it easy to get a quick idea of what was debated. scroll through and spend some time on c-span's points of interest. >> weekends bring you book tv featuring leading authors discussing their latest nonfiction books. the journalist looks at research done by government agencies and the scientific community into the potential for alien life in his book. then, she shares a tech love story loong at her career coveri
thursday before the senate banking committee.atch c-span's live coverage as per the divide and gives the end will state of the union address before a joint session of congress to outline his priorities for the country. watch live. go to c-span.org for scheduling information or to watch live and on-demand anytime. c-span, your unfiltered view of government. >> if you ever miss any of c-span's coverage, you can find it anytime online at c-span.org. video of key hearings, debates, and other...
0
0.0
Mar 3, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
thursday before the senate banking committee.atch c-span's live coverage as per the divide and gives the end will state of the union address before a joint session of congress to outline his priorities for the country. watch live. go to c-span.org for scheduling information or to watch live and on-demand anytime. c-span, your unfiltered view of government. >> if you ever miss any of c-span's coverage, you can find it anytime online at c-span.org. video of key hearings, debates, and other events feature points of interest markers that appear on the right hand side of your screen when you hit "play" unselect videos. this makes it easy to get a quick idea of what was debated. scroll through and spend some time on c-span's points of interest. >> weekends bring you book tv featuring leading authors discussing their latest nonfiction books. the journalist looks at research done by government agencies and the scientific community io the potential for alien life in his book. then, she shares a tech love story lookingt her career covering
thursday before the senate banking committee.atch c-span's live coverage as per the divide and gives the end will state of the union address before a joint session of congress to outline his priorities for the country. watch live. go to c-span.org for scheduling information or to watch live and on-demand anytime. c-span, your unfiltered view of government. >> if you ever miss any of c-span's coverage, you can find it anytime online at c-span.org. video of key hearings, debates, and other...
0
0.0
Mar 13, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
professor, the consumer federation of america weaselly submitted a payments fraud for senate banking committee hearing outlining how the scale of payment fraud is sizable and increasing including payment apps. the statement indicated that consumers have reported 100 million in unauthorized transactions on cash out and 57 million on venmo and 2022 alone. how with the cfpb proposed rule help to alleviate the metd of ly when the cfpb has supervision over a firm conducts regular examinations to ensure compliance with of course change it guidelines, in this related to electronic funds transfer act obligations or account fraud. usually the aim is to make sure the company is a fortifying itself with consumer protection measures as well is trying to thwart consumer fraud before it occurs. the bureau can closely monitor compliance with these apps to ensure payment companies have, for instance, robust dispute resolution mechanisms as well as disclosures. and, of course, the bureau can also assess a companies risk assessment strategies and bureau can in that way delve into sort of the intricaci
professor, the consumer federation of america weaselly submitted a payments fraud for senate banking committee hearing outlining how the scale of payment fraud is sizable and increasing including payment apps. the statement indicated that consumers have reported 100 million in unauthorized transactions on cash out and 57 million on venmo and 2022 alone. how with the cfpb proposed rule help to alleviate the metd of ly when the cfpb has supervision over a firm conducts regular examinations to...
13
13
Mar 13, 2024
03/24
by
CSPAN3
tv
eye 13
favorite 0
quote 0
banking committee of, this is about two hours and 15 minutes. >>> the committee on banking, housing will come to order. secretary yellen , who has been flexible on the schedule and we had to change the time from yesterday to today, she has to leave at 11:30 and we will respect that. i will enforce the five minute rule on myself and everybody else. . for a long time it has been clear what gets rewarded on wall street, bigger risks mean profit and that means more stock options which means fatter bonuses and then we end up with a wall street culture that glorifies a it leads to an economy of excess and a shrinking middle class. that is how we got east palestine. and the ceo of stellantis making three times what the average worker makes. we saw that plan play out with poorly-run banks putting profits above risk management. and small businesses all over the country worry about how they can make their payroll. regulators had to step in, they always do, to protect the economy as the executives walked away pretty happy. 2008 was the same story but on a bigger scale. wall street took big ris
banking committee of, this is about two hours and 15 minutes. >>> the committee on banking, housing will come to order. secretary yellen , who has been flexible on the schedule and we had to change the time from yesterday to today, she has to leave at 11:30 and we will respect that. i will enforce the five minute rule on myself and everybody else. . for a long time it has been clear what gets rewarded on wall street, bigger risks mean profit and that means more stock options which...
0
0.0
Mar 20, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
he repeated it before the senate banking committee earlier this month talking about interest rates beinguite influenced by it. the rally makes it more difficult to look at inflation at the time. it's better to be more cautious on the forecast in terms of expectations so that you don't have to look at the worst and that's the risk, i think, the fed is running. they give rise to expectations of rate cuts eventually to have to say the cost to rally to ease financial conditions, now we may have to tighten again. >> it seems insane -- it seems crazy if you've had 18 straight records and the averages, the stockmarket averages that you're thinking about cutting, but we do have an election coming. i know they're not political, but they can't help but feel the political winds a little bit. >> well, they are political. i have always maintained they're a political empty. they're a political smoke screen. in reality they've been known for political changes. even if you go back in history to 1971, arthur burns, he rights into the minutes there have to be increasing rates in 1971 because we will not b
he repeated it before the senate banking committee earlier this month talking about interest rates beinguite influenced by it. the rally makes it more difficult to look at inflation at the time. it's better to be more cautious on the forecast in terms of expectations so that you don't have to look at the worst and that's the risk, i think, the fed is running. they give rise to expectations of rate cuts eventually to have to say the cost to rally to ease financial conditions, now we may have to...
0
0.0
Mar 8, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
jonathan: jay powell offering insight into the fed is thinking, telling the senate banking committee,ar from having the confidence that inflation is moving sustainably toward 2%. the ecb keeping rates on hold, suggesting a june cut could be on the cards. the bank of france governor flirting with april. if these forecasts at the ecb belong to the federal reserve, we would be having a different conversation about policy that we are about ecb policy. lisa: the biggest mystery is while you are seeing the reaction in the euro-dollar. you are seeing an ecb with every reason and willingness to cut more aggressively than the federal reserve, a sense that there is greater weakness in the economy than in the united states. at this point, why wouldn't you be talking about a significantly stronger dollar? jonathan: the euro, a bit stronger off of the back of strong data. have not seen any blowout data on the adp, ism. due out in one hour from now, payrolls expected to rise by 200,000. barclays at the high end calling for 225. citi at the low end calling for 145. ellen zentner at morgan stanley wr
jonathan: jay powell offering insight into the fed is thinking, telling the senate banking committee,ar from having the confidence that inflation is moving sustainably toward 2%. the ecb keeping rates on hold, suggesting a june cut could be on the cards. the bank of france governor flirting with april. if these forecasts at the ecb belong to the federal reserve, we would be having a different conversation about policy that we are about ecb policy. lisa: the biggest mystery is while you are...
0
0.0
Mar 4, 2024
03/24
by
BLOOMBERG
tv
eye 0
favorite 0
quote 0
on thursday we get another testifying from jay powell in front of the senate banking committee. again nonfarm payrolls to me arguably the most important after that state of the union because it will come down to whether people feel there is some sort of energy behind this market. jonathan: the estimate creeping higher over last week. something like 200 k. here's the next hour or so on the program. boosting s&p 500 targets, terry haines of pangaea policy and by the state of the union address later this week. boeing looks to buy its most important parts provider. we begin with our top story prayed all-time highs driving some big revisions on wall street. the latest raising the target to 5400 from 5000 prayed lori saying there's more room to run. saying we are still constructive on the stock market with a price target of 5150. our most constructive model has been pointing to 54 and 5500 prayed good morning to you. let's get straight into the reasons to be bullish right now. >> the big one from our valuation model which is saying if inflation continues to moderate with interest rate
on thursday we get another testifying from jay powell in front of the senate banking committee. again nonfarm payrolls to me arguably the most important after that state of the union because it will come down to whether people feel there is some sort of energy behind this market. jonathan: the estimate creeping higher over last week. something like 200 k. here's the next hour or so on the program. boosting s&p 500 targets, terry haines of pangaea policy and by the state of the union address...
0
0.0
Mar 26, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
serving member of that committee and senator kyrsten sinema, a former member of the banking committee and a ladeals. we do not know what the fall election will bring. but the departures from congress and ongoing partisan divide make it even harder to assess the outlook for banking legislation moving forward. we remain hopeful, of course. and, we will continue to do our part to support members of congress and candidates in both parties to understand the critical role banking plays in our economy. now, with congress divided, the focus of the attention has shifted to the regulatory agencies. folks, the banking agencies have been busy. ight say too busy. i refer to this as a regulatory tsunami, a tidal wave of regulation that has crashed wn on the banking industry in recent months. we have seen a proposal to dramatically increase capital requirements that will limit already well-capitalized bank's ability to support the economy. proposal to slash the caps on debit card interchange limiting the revenue bands of all sizes used to pay for new products and promote financial inclusion, a misgu
serving member of that committee and senator kyrsten sinema, a former member of the banking committee and a ladeals. we do not know what the fall election will bring. but the departures from congress and ongoing partisan divide make it even harder to assess the outlook for banking legislation moving forward. we remain hopeful, of course. and, we will continue to do our part to support members of congress and candidates in both parties to understand the critical role banking plays in our...
0
0.0
Mar 6, 2024
03/24
by
MSNBCW
tv
eye 0
favorite 0
quote 0
powell will address the senate banking committee tomorrow.ony will be key to a lot of folks, willie, on main street, wall street and of course k street. >> thank you. cnbc's dom chu, greatly appreciate it as always. >>> a couple things. first of all, tiktok being banned, the chances of that are, hold on, let me get my calculator out, okay, zero. that will never happen. on the credit card issue, though, it really is -- john avalon, i always love guys that are running, women that are running for congress that are knocking on doors. he kept talking about affordability. affordability, economy's going great in so many areas, three areas right now that americans are concerned about, and john was talking about part of this, credit card rates, groceries, and gas, and that's where it hits them the hardest. >> and the biden administration has been good on this kind of stuff, the airline fees. remember that? it might seem sort of granular, but it's the stuff that annoys the hell out of people and costs them a lot of money, especially given the amount of
powell will address the senate banking committee tomorrow.ony will be key to a lot of folks, willie, on main street, wall street and of course k street. >> thank you. cnbc's dom chu, greatly appreciate it as always. >>> a couple things. first of all, tiktok being banned, the chances of that are, hold on, let me get my calculator out, okay, zero. that will never happen. on the credit card issue, though, it really is -- john avalon, i always love guys that are running, women that...
0
0.0
Mar 15, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
that is been the testimony of witnesses in both the senate foreign relations committee and the bankingousing committee. it is also been well-documented in numerous news sources. mr. president like to enter into the a seat at an article entitled quote qatar sent millions to gaza for eight years -- with israel's backing unquote. i ask unanimous consent that be un at into the record projects without objection. >> and mr. president like to the record eight "new york times" article from december of last year entitled and i quote inside the israeli plan that propped up hamas. the sub headline quote prime minister gambled a strong hamas but not too strong we keep the peace and reduce pressure for the palestinian state progress without objection. >> mr. president prime minister ctnetanyahu role in keeping hamas in control and gaza did n there. mr. president president-elect enters the record israel found the money machine years ago nobody turned it off unquote. >> without objection. >> i want to te for mr. levy who is quoted in that article he was in charge of ec policy. who says and i quote i
that is been the testimony of witnesses in both the senate foreign relations committee and the bankingousing committee. it is also been well-documented in numerous news sources. mr. president like to enter into the a seat at an article entitled quote qatar sent millions to gaza for eight years -- with israel's backing unquote. i ask unanimous consent that be un at into the record projects without objection. >> and mr. president like to the record eight "new york times" article...
0
0.0
Mar 14, 2024
03/24
by
CSPAN
tv
eye 0
favorite 0
quote 0
that has b senate foreign relations committee and the banking, housing, and urban affairs committee.s . mr. president, i'd like to enter into the record a cnn article entitled, quote, qatar sends millions to gaza for years -- i ask unanimous consent that be entered into the record. the presiding officer: without objection. mr. van hollen: and, mr. president, i'd also like to enter into the record a "new york times" article from december of last year entitled, and i quote, buying quiet: inside the that prop up hamas. netanyahu gambled on a strong hamas, in parenthesis, but not too strong, would increase the pressure for a palestinian state. the presiding officer: without objection. mr. van hollen: prime minister netanyahu's role in keeping hamas in gaza did not end there enter into the record a "new york times" piece from december of last found the hamas money machine years ago. nobody turned it off. end quote. the presiding officer: without objection. mr. van hollen: and i want to■> quot flevy, who is quoted in that article, the massad chief of economic policy who sa, ani quot i can
that has b senate foreign relations committee and the banking, housing, and urban affairs committee.s . mr. president, i'd like to enter into the record a cnn article entitled, quote, qatar sends millions to gaza for years -- i ask unanimous consent that be entered into the record. the presiding officer: without objection. mr. van hollen: and, mr. president, i'd also like to enter into the record a "new york times" article from december of last year entitled, and i quote, buying...
0
0.0
tv
eye 0
favorite 0
quote 0
and the senate banking on thursday in his annual testimony, the yield is now on the ten year at 4.18%own to nap basis points, the lawmakers question will likely focus on the central bank handling of inflation on whether or not they will cut interest rates and on the bank requirements what are you expecting? >> i'm not expecting too much that's expected from the fed we have to remember that economy was strong for number of years and they kept rates near 0, why do we think and they economy begins to slow they will ease immediately there is no correlation so i think investors got ahead of themselves in 202030 expecting a massive rhonda rate cuts and it's not happening now. yesterday we heard it might not happen in one or two cuts this year end why would they be aggressive we have sub 4% unemployment and wage growth over 4% the fed has never cut and the environment and initiated a rate cut cycle. think investors need to pay back expectations and maybe level for longer and it can still be reasonable for stock and bond investors. maria: a great point, jumping we have the atlanta fed preside
and the senate banking on thursday in his annual testimony, the yield is now on the ten year at 4.18%own to nap basis points, the lawmakers question will likely focus on the central bank handling of inflation on whether or not they will cut interest rates and on the bank requirements what are you expecting? >> i'm not expecting too much that's expected from the fed we have to remember that economy was strong for number of years and they kept rates near 0, why do we think and they economy...
0
0.0
Mar 8, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
outlined at the central bank's monetary policy before the senate banking housing and urban affairs committeehe also talks about the state of the eco inflation, interest rates and bank capital requirements. this is two hours and 15 minutes. if you would like to give it again you could certainly dor that. the fed has power in shaping our economy. your job is to promote stable and maximum employment. today the cost of living is still too expensive for most americans. the fed has one tool available. that tool does nothing to address the cause for wide costs remain too high. corporations price gouging to boost profits and make the shareholdersrs richer. higher rates of doomed force, higher interest rateson't ons to lower but high interest rates are rising housing costs hindering wage growth stifling small business that. now is the time for the fed to decide whether it's going to make good on its commitments into families by lowering interest rates and the financial system from wall street executives who used their wealth and power to influence economic policy and avoidlity for the ry bets. keepin
outlined at the central bank's monetary policy before the senate banking housing and urban affairs committeehe also talks about the state of the eco inflation, interest rates and bank capital requirements. this is two hours and 15 minutes. if you would like to give it again you could certainly dor that. the fed has power in shaping our economy. your job is to promote stable and maximum employment. today the cost of living is still too expensive for most americans. the fed has one tool...
0
0.0
Mar 19, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
sherrod brown, the head of the banking committee, pushed for restrictions on crypto.hat has put him in the crosshairs of three crypto-backed pacs, which have raised 85 million. now, from coinbase, ipple, gemini, anderson horowitz and they're planning to play a big role in the 2024 election. they have yet to spend money in ohio, but a coin-based backed advocacy group called stand for crypto gave sherrod brown an f-rating. meanwhile, bernie has an a-rating. and if he wins today, he tells me that crypto will be on the ballot in the ohio senate race. >> this will be an issue. you mark my words. talk about 1.2 million people who own crypto in ohio, sherrod brown, career politician think hes knows best, this will be an issue we'll use against him in this campaign. >> reporter: ohio's race will help determine whether republicans control the senate next year. and brown is not the only democrat in a key state who would be targeted by these crypto groups. staying with crypto, also given an f-rating to john tesser. two other states that are going to be very critical in terms the
sherrod brown, the head of the banking committee, pushed for restrictions on crypto.hat has put him in the crosshairs of three crypto-backed pacs, which have raised 85 million. now, from coinbase, ipple, gemini, anderson horowitz and they're planning to play a big role in the 2024 election. they have yet to spend money in ohio, but a coin-based backed advocacy group called stand for crypto gave sherrod brown an f-rating. meanwhile, bernie has an a-rating. and if he wins today, he tells me that...
0
0.0
Mar 14, 2024
03/24
by
CSPAN2
tv
eye 0
favorite 0
quote 0
that has been the testimony of witnesses in both the senate foreign relations committee and the banking documented in numerous news sources. mr. president, i'd like to enter into the record a cnn article entitled, quote, qatar sends millions to gaza for years --is. i ask unanimous consent that be entered into the record. the presiding officer: without objection. mr. van hollen: an enter into the record a "new york times" article from december of last year entitled, and i quote, buying iet: inside the israeli plan that prop up hamas. subheadline -- prime minister netanyahu gambled on a strong hamas, in too strong, would increase the pressure for a palestinian state. the presiding officer: without objection. mr. van hollen: prime minister netanyahu's roleaza did not end. mr. president, i would like to enter into the record a "new york times" piece from december found the hamas money machine years ago. nobody turned it off. endut objection. mr. van hollen: and i want to quote from mr. levy, who is quoted in that article, the massad chief of economic policy who says, and i quote, i can tell
that has been the testimony of witnesses in both the senate foreign relations committee and the banking documented in numerous news sources. mr. president, i'd like to enter into the record a cnn article entitled, quote, qatar sends millions to gaza for years --is. i ask unanimous consent that be entered into the record. the presiding officer: without objection. mr. van hollen: an enter into the record a "new york times" article from december of last year entitled, and i quote, buying...