mission because you wouldn't make it out alive so that is also what we're seeing from the federal open market committee from the e.c.b. it from the bank of japan bank of japan by the way is leading the way on this whole sort of kamikaze technique their way ahead of everybody on quantitative easing and expanding their balance sheet and here's a for example a test of one of these special atomic demolition munitions called n s w 54 from the wikipedia you can see that's what it looks like when to build up that's our financial system as me. add into that rest of this year i totally agree you know guys like steve the new change a poet kuroda over in the bank of japan european central bank they've strapped on the suicide quantitative easing best and they've pulled the report and lit the fuse and told us make them do it to all time highs in every currency including the u.s. dollar so that's the fallout from the suicide mission called central banking it's here it's is the 21st century of course after a nuclear fallout you have nuclear winter so this is what you can expect basically spend going on really since t

mission because you wouldn't make it out alive so that is also what we're seeing from the federal open market committee from the e.c.b. from the bank of japan bank of japan by the way is leading the way on this whole sort of kamikaze technique they're way ahead of everybody on quantitative easing and expanding their balance sheet and here's a for example a test of one of these special atomic demolition munitions called n s w 54 from the wikipedia you can see that's what it looks like when it up that's our financial system as we head into that rest of this year i totally agree you know guys like steve change a poet kuroda over in bank of japan european central bank they've strapped down the suicide quantitative easing best and they've. pull the ripcord and let the fuse and told us make them do it to all time highs in every currency including the u.s. dollar so that's the fallout from the suicide mission called central banking it's here it's spent it's the 21st century of course after a nuclear fallout you have nuclear winter so this is what you can expect basically spend going on really since the activi

release of minutes from the federal reserve's july meetings now you will remember the federal open market committee declined to and now its any new policy steps at the end of those meetings though in the minutes released where the officials at the meeting agreed that the ongoing public health crisis would weigh heavily on economic activity employment and inflation in the near term and was posing considerable risk to the economic outlook over the medium term now adding that they will hold interest rates at a range of 0 to 0.25 percent until they are confident that the economy had weathered recent events and was on track to achieve the committee's maximum employment and price stability goals onlookers had hoped for a look into a crystal ball of sorts which might point to the. policy stance ahead of september's meeting so let's begin with former fed insider to you as well as belgians. thanks for joining us again. great to be here now what are your key takeaways from the. minutes released wednesday. might my key takeaways come down to 3 words at some point there was verbiage that said that policymakers

by the way, folks, tomorrow in a "countdown" exclusive, we have one of the federal open market committee members who voted for this major policy change. philly fed president patrick harker sits down with edward lawrence, 3:00 p.m. eastern. please do not miss that. >>> now we have to talk about the lurk. aft after the category 4 hurricane smacked into texas and louisiana, with more than nine feet of storm surge, laura has been downgraded to a tropical storm but is still wreaking havoc as more than 700,000 people are still without power. u.s. energy firms now able to get on the ground and assess the damage to more than 300 offshore platforms and drilling rigs in the gulf of mexico, on the water, so to speak. national weather service officials say the remnants of laura could cause tornadoes and flash flooding in parts of arkansas and tennessee. to jeff flock, who is in the area, lake charles, louisiana, where the eye of the storm rolled right over. jeff, what can you show our viewers and tell us about last night? reporter: we took a dead-on hit in lake charles. you talked about the power do

five witnesses appearing and time.iate their rosengren is here and s a participant in the federal open market committee, the monetary making arm of the united states. leads the boston fed's work which includes economic research supervision and community economic development wide range of a payments, technologies and initiatives. ms. lauren anderson serves as senior vice president and eneral counsel of the bank policy institute. in this role she oversees the range of cross a domestic issues. of brings over a decade experience in regulation versite serving as senior advisor at the bank of england joined the bank of england served at our fdic. bohn serves 90,000 investors, executives, lenders growing ors to the middle markets of companies. prior to joining a.c.g. in bohn served 9, mr. as c.e.o. of the north american he rinary community where saw unprecedented growth. mr. vince foster serves as of the main irman street capital corporation, a osition he's held since november of 2018. mr. foster previously served as c.e.o. from 2007 until november of 2018 and erved as main street's president from 2012 to 201

president rosengren is here and is a participant in the federal open market committee, the monetary making arm of the united states. as ceo, he leads the boston fed's work, which includes economic research and analysis, supervision and community economic development activities and a wide range of payments, technology, and finance initiatives. ms. lauren anderson serves as a senior vice president and associate of general counsel of the bank policy institute. in this role, she oversees the advocacy across a range of domestic issues. she brings with her over a decade of experience in financial regulation and resolution oversight. most recently serving as a senior advisor at the bank of england, and before, joined the bank of england served as special advisor to the deputy advisor at our fdic. mr. tom bohn serves 90,000 investors, executives, lenders , and advisors to the growing middle markets of companies. prior to joining a.c.g. in december, 2019, mr. bohn served as c.e.o. of the north american veterinary community, where he saw unprecedented growth. mr. vince foster serves as executive cha

>> reporter: fundamental shifts, the federal open market committee voted unanimously to change the long-rubls for the -- long-run goals for the federal reserve, also the monetary policy strategy. seeking to achieve inflation that averages 2%. that means they'll let the economy run hot for a period of time to have the long-run goal back to 2% so households and investors can be secure that it will be that 2% target. also maximum employment. the fed will make decisions based on the assessment of shortfalls of employment from its maximum level. what that means, the change for shortfalls clarifies that the employment can run bo the realtime estimates of its maximum without causing concern for investors or people. also they're updating the strategy which includes acknowledgment that that are challenges to monetary policy if inflation runs below on a large or long-term basis this. in the speech powell's basically saying there's no longer a need to raise interest rates if inflation is below the 2% target and the job market is improving. the framework will be reviewed every five years. now, in the s

caller: franklin roosevelt's achieved so much such as social security, the sec come federal reserve open market committeebor standards act, fdic, fha, unemployment insurance, g.i. bill, temporary relief jobs to get people through the great depression but i've always believed his best work with his extraordinary leadership during world war ii. my question is how i why was think the roosevelt so effective during world war ii and the country was so unified especially when you compare that to the quagmire in vietnam or the current mess in iraq was it seems because a valid? >> what was the understood in world war ii was if are going to be a long war which he suspected it was a check to involve as many people on the homefront as possible so they would feel connected to that war. in that regard what he did yet 12 or 13 million people working in the factories during the war, another 14 million were drafted in the army but he had auxiliary fire and police, blood drives, yet people buying bonds even if the wasn't the most efficient way to raise money for the war because one of them to feel part of the tractor cata

. >> franklin roosevelt achieved so much such as social security, ec federal reserve open market committeenemployment insurance, g.i. bill, temporary relief jobs to the great depression but i've always believed his best work with his extraordinary leadership during world war ii. how was franklin roosevelt so effective when the country was so unified when you compare it to vietnam for the current mess in iraq. >> inc. roosevelt understood in world war ii, if it were going to be long, you have to involve as many people on the home front as possible so they would feel connected to the floor. in that regard, he had 12 or 13 million people working in the factories during the war they were drafted in the army during the war he also had strong people buy bonds even if it wasn't the most efficient way to raise money for the work because he wanted them to be part of the drive all of which was to say fight a war abroad, everybody at home should feel connected to it. i often thought after september 11, president bush had an opportunity to kick onto the country and roosevelt said the work happened, ha

. >> franklin roosevelt achieved so much such as social security, the sec, the federal reserve open market committee and employment insurance, the g.i. bill, temporary relief jobs to get people to the great depression, i have always believed his best work was his extraordinary leadership during world war ii and my question is how or why was franklin roosevelt so effective during world war ii and the country was so unified especially when you compare that to vietnam or the current mess in iraq where was going so badly. >> i think what roosevelt understood in world war ii, if it were going to be a long word which he suspected it was then you had to involve as many people on the homefront as possible so they would feel connected to the work, in that regard, he had 12 or 13 million people working in the factories during the war and another 14 million were drafted in the army during the war and he also had an exhilarating fire and police and a blood drive and people buying bonds even if it wasn't the most efficient way to raise money for the war because he wanted them to feel part of the drive, he had an