you mentioned | jerome powell. in the last 24 jerome powell.es off the back of some of the comments we heard on wednesday about potentially scaling back the pace of interest rate rises. but there are others that are pretty worried about what might be a looming recession in the us. where are you with that? do you think we will see a recession in the states next year?- will see a recession in the states next year? well, i think there is a _ states next year? well, i think there is a possibility _ states next year? well, i think there is a possibility of - states next year? well, i think there is a possibility of a - there is a possibility of a mild recession in the first half of the year, but there is also the probability we will get a soft landing and not get a recession at all. i think that bonds and equities are too optimistic about what chairman powell said. he implied he was going to lowerfederal powell said. he implied he was going to lower federal fund increases, interest rate increases, interest rate increases, but in order to get inflati

even if a jerome paul did not want to talk about the recession at this point in markets around the world have been anticipating this. fed rates rise all week, but has it gone down where you are the new york stock exchange? yeah, it has been a pretty wide ride here in the afternoon, especially since jerome thought paul thought it all started talking and we hit the market down by more than $300.00 points in that dollar. johnson leverage and we thought that uptick that went down again. so at the end of the day, blue chips ended the day around $150.00 points lower. not quite them half a percentage point, but i've seen that so often with those days of the federal reserve, a meeting, a traders often need a night and investors to sleep over of what they're heard. so the real reaction to that meeting, we will see that on thursday, yes, i still need to settle in the next quarter in new york for us. thank you very much . but it stay on the fed rates decision and talk about his wide implications, particularly belong beyond the united states. joined by jo cohen, chief economist, the keenan institute

and i think the signal jerome powell is trying to send it is i am dead serious.o matter what elizabeth warren complains about i will do this. paul: look at the inflation on average people and the average weekly earnings falling 3 percent at one.9 percent does that mean the average american has a decline in his or her standard of living? and that shows that inflation hits the middle class. >> it does very hard and that is precisely jerome powell's point they have to get the inflation rate down below the growth in real wages or people will always be behind and that is simply toxic all through history to see those examples as it is eroding and let's be honest with what's going on. all of these dislocations caused by the pandemic and all the economic closures forcing unemployment layoffs and supply chains were disrupted and then the massive amount to compensate for all of that. the economy fundamentally strong but it will take a long time to work through those dislocations. >> look at the 401(k) and looking at equity prices those equity bonds have taken a hit but the

it was when jerome powell started talking after that, we have been careening.elp matters that four major countries including european central bank of norway and switzerland followed up point hikes and they are all on the notion that central banks the world over are pushing the global economy into recession and they are overdoing it. they created their own frankenstein. people are scared. more after this. ♪ young lady who was, you know, mid 30s, couple of kids, recently went through a divorce. she had a lot of questions when she came in. i watched my mother go through being a single mom. at the end of the day, my mom raised three children, including myself. and so once the client knew that she was heard. we were able to help her move forward. your client won't care how much you know until they know how much you care. trelegy for copd. ♪birds flyin' high, you know how i feel.♪ ♪breeze driftin' on by...♪ ♪...you know how i feel.♪ you don't have to take... [coughing] ...copd sitting down. ♪it's a new dawn,...♪ ♪...it's a new day,♪ it's time to make a stand. ♪and i'

jerome powell could not be more emphatic about it. vice chair has said virtually the same thing. maybe in tougher terms. the market tends to want to believe they are going to loosen coming next year. look, the fed can recognize inflation is killing the middle class. outstripping wage against the middle class is falling bac backward. investors of course want those interest rates back toward zero. they loved it. they are pushing hard for it. i think the fed understands responsibilities to the broader economy. most people who are living on middle-class wages they do intend to get this inflation down and to keep interest rates at least types to achieve that goal for as long as it takes. >> kim, on this point i guess the question in their is a recession and along with that will, rising unemployment. the political pressure from the biden administration from democrats on cap and held as dan suggests wall street will say it look you need to stop. i guess that is the question. how much do you see the political pressure rising on the fed? >> it

jerome powell has warned people he is prepared to see pain in the u.s. economy.es not look as though he is deviating from that course. it could be a wake-up call tonight when people see what jerome powell has to say. dani: we have been fighting all this year to have the corollary for what this market is. is it 1970's inflation? what is it? how are you thinking about that story into 2023? do we have historical context we can apply in the year ahead? mark: interestingly it could be one for the internet bubble burst. if you look back to 2000, the nest egg burst in the first quarter of the year, stocks started sliding. and yet the fed at that time was still fairly focused on inflation. they raised interest rates two months after the nasdaq started to fall. they took the rates up to 6.5% handheld the rates right through the year and only cut interest rates at the beginning of 2001. by then equities were much lower and the economy was starting to slow. we were fully into the internet burst. that could be a template for what we expect next year. even though the fed sees

then jerome pul started talking. he hinteds will more to come.a dime for every chart i've seen like this, i'd have a lot of dimes. every time we see a rate hike and stocks run up, he starts yapping and investors start selling. that's exactly what occurred. jackie deangelis on that, what she makes of it. jackie what happened? >> that chart is expressive. you and i had spoken on the business channel just before the decision came out. we saw the market up 200 points. and jerome powell starts speaking and we go into the red there closing 142 points lower. this is what investors heard and this is what came out of the statement and what we heard from jerome powell. they heard modest growth next year. more hikes will be needed. they heard unemployment has to get to 4.6%. so people will lose their jobs. they heard inflation is declining at a slower rate than projected. it's at 7.1% right now. a lot of people not celebrating that. they also heard that the russian war on ukraine is adding pressure to inflation and we're not sure how long that will last. so

david: --haslinda: that was jerome pyle -- jerome powell on moderating interest hikes.hree and christy tan -- let's bring in christy tan. good to have you with us. powell, providing in market right now. are investors misinterpreting him? he could be tapering rate rises but the pivot is not here yet. >> i think you are right. because based on what he has said and market's reaction that we saw overnight, it said the markets were leaning towards a hawkish powell speech, that was proven wrong or inaccurate. i think that what powell has mentioned is essentially a balance of the -- heading inflation down. it takes time for the rate hikes to actually factor in and also work its way into lower inflation. we're seeing, he has mentioned rates are probably going to stay as long and highest possible and the peak is higher than what was previously. i think markets may be expecting a pivot. haslinda: the rally we are seeing is not sustainable going forward? >> it will have to be. the markets are second casing the fed while the fed is looking at data. we need to be approaching a level

jerome powell plasma christmas gift to america, a small increase to interest rates. anytime soon. the inflation _ overall anytime soon. the inflation data _ overall anytime soon. the inflation data received - overall anytime soon. iie: inflation data received so far for october and november show a welcome reduction in the monthly pace of price increases, but it will take substantially more evidence to give confidence that inflation is on a sustained, downward path. is on a sustained, downward ath. . ., ., �*, path. inflation in the world's laru est path. inflation in the world's largest economy _ path. inflation in the world's largest economy is - path. inflation in the world's largest economy is still - path. inflation in the world's largest economy is still at i largest economy is still at levels that, until this year, had not been seen since the 19805. had not been seen since the 1980s. yes, the last few reports show the rate of inflation is coming down, but the pocketbooks of americans are taking a hit, paying more for basics, like food, transportation and housin

we know it had a lot to do with jerome powell, what he said afterwards there.what every major central bank around the world has done after that, raising rates also half a percent but luke lloyd, you have got to help me with this, is this overdone? how would you describe it? >> i will try. yeah, so i don't think it is overdone at all. i think we have a lot more to go sadly. the economic data this morning might be one of the most important signals what is to come when we look back in six months. what the stock market has wrong, it is not all about the federal reserve. retail sales falling 0.6% shows consumers are struggling. less spending means less revenue which means less profit. less profit means more layoffs. in the end, less spending ends up impacting the job market which hasn't dropped yet. in our job was to position client's portfolio what the federal reserve would do next that would make our lives a lot easier. the fact of the matter is, it is about valuations and earnings, less spending means less earnings. less jobs means less product. and less producti

why don't we start with jerome? >> okay. >> you can speak from here if you would like. >> sure. that's better. well, good morning. >> good morning. >> my book is, in fact, when the more conference of books i've written.s it's titled "the truth about energy, global warming, and climatear change." i put there the truth for upper very particular reasons the subtitle is exposing climate lies in the age of disinformation. .. the history of how this movement developed beginning world war two, and there were various like harrison brown, who was very eminent scientist, who was writing in the fifties about scarcity, running out of things. and he was basically concerned were too many people. he's one of the first to advocate birth control, >> first control to reduce people, government in position of limits in children, dramatically wanted to reduce the world's population and that was followed by people like paul erlich who wrote "the population bomb", and best selling bookment too many people were going to run out of the world's resources. this idea got could he as, a sc. they decided if

jerome, you. you,. [applause] we also are honored to have with us climate wpublisher mark morano, the author of the 2021 green frog. why the green new deal is even worse than you think and the author of the best-selling 2018 book the politically incorrect guide to climate change. he's also writer of climate hustle, released in hundreds of us theaters. his newest book the great reset: global elites at the permanent lockdown was published in august 2022. if you could, please. >> if you could go take your seats that would be terrific. as an economist the politics of climate change are fascinating to me because as an economist, i know that many of the solutions just don't add up. and for example, the idea that we could have all battery powered electric vehicles by 2035 and there's auto companies are committing themselves not to produce the internal combustion engine at a time when only five percent of americans are hibuying these vehicles. it's very surprising to me as an economist. also, the idea that cert

you will remember that jerome powell said inflation was transitory.rady trimble has reaction from residents at a illinois grocery store. grady, to you. reporter: jackie, some states call them inflation relief checks. they are supposed to help people afford everyday necessities like groceries here at happy foods but some economists argue they are making inflation worse. by our count about 21 states, red and blue alike, have sent out some form of these quote, unquote, inflation relief checks, depending on your income and family size. in illinois, for example, some families received up to $400. in other states like colorado, residents got a lot more as much as $1500 for some families. the shoppers we talked to here say with prices as high as they are, these checks, whether from the states or the federal government don't go far anyway. moody's found this october we spent $433 more than we did a year ago because of inflation. that is down slightly from september but as you can see even with inflation coming down it is still hitting americans pocketbooks ev

michelle: look, i think jerome powell was pretty clear when he spoke earlier this week.id that they intended to slow down the pace, and i do not think this report necessarily changes that, and here is why. the rise in interest rates has a laggingffect. in other words, it takes time to show through. wi the federal reserve wants to do is twait and see what impact its policy changes are having on the broader economy. so what it has done last month, the month before, would not necessarily be reflected in the jobs data that we are looking at today, hence they want to slow the pace. at the same time, he did not say that we were slowing down or reach the rate of interest rate increases. that is important to remember, if anything, he said, look, rate rises are sti on the cards, just now on a slower pace. we still do not knowhat the end stage is. he one people against focusing on the increase. i think that is why e markets fell back. any hopes they had that this rising interest rate environment might be coming to an end soon, well, that was dashed by this report. laura: michelle,

we will see what jerome powell says but as of now, back to you.we have confirmation from goldman sachs, looking at cutting its bonus pool by at least 40%, the 3,000 member unit would include the 400 partners seeing their pay cut in half, there bonus pay, those bonuses often dwarf whatever they make. if you are cutting up to half, maybe more, could be a sign of things to come. stay with us. ♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us. they're looking for you. who? who's looking? there is no time. they will kill you....but my daughter. mama. neil: we talked about those who try to pay for bad experiences and opportunities. gary sinise will be my special guest tomorrow. is the embodiment of that. not only a famous and award-winning actor but so loved the military and those who lost members come military families who lo

it all comes out of the consumer, jerome martinez, one of the best, does the work, will share with usholiday weekend next. ♪ ♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us. nevada gold exploration is at record levels, and getchell gold has just released its first resource estimate. with major discoveries in nevada and results still coming in, they're set for unprecedented growth. getchell gold. waiting. sometimes it's just inevitable. but if you're over 50 or live with a chronic condition, waiting could be deadly. because conditions like heart disease or diabetes raise your risk of serious illness or death from untreated covid. and if you don't get treatment within days, you may not be able to get treatment. so, got covid symptoms? get tested and get treated right away. it can't wait. it's official, america. xfinity mobile is the fastest mobile service. a

. >> reporter: stocks closed higher wednesday seeing broad gains after federal reserve chair jerome powellve rate hikes next month. the dow was up 737. nasdaq gained 484. s&p 500 added 122 points. >>> federal reserve chair jerome powell said the central bank could slow interest rate increases at its meeting next month indicating inflation has shown signs of slowing but warned against reading too much into one month of data. while interest rate hikes may be slowing, powell emphasized they are not stopping. >>> despite interest rates and inflation the u.s. economy grew the a healthy clip with a rise in gdp last quarter at 2.9%. this follows two quarters of contraction. since then, signs have pointed to a resilient economy with household spending holding strong. the key driver of the economy. a recession, however, if likely a mild one, is still widely expected in 2023. >>> the founder of the now-collapsed cryptocurrency exchange ftx made his first public appearance since its collapse. 30-year-old sam bankman-fried insisting he did not try to commit fraud and said he didn't know the extent of

at last jerome little can share his concerns with the doctor. for a long time now he has been suffering from abdominal pain. now the long awaited consultation is finally happening. like many poor nigerians, he can't really afford to see a doctor. he's never had health insurance because it was too expensive for him. he then had of a way that he could still get insurance without paying anything. thanks to a status called social care. i did not come with a cobo but it, it's the old motor battery and the plastic waste that i donated to them today. and they gave me the form to come here and do the checkup and you can see they gave me the drugs union, so i am very happy for them. my social care has been around since the end of 2019. it was founded by non so upper room that he was troubled by the white spread plastic pollution in nigeria and was also looking for a way of giving people access to medical care. just 3 percent of nigerians have health insurance. so we did a how can we use one problem which is plastic the food environment to solve the probl

at last, jerome woodall can share his concerns with the doctor. for a long time now he has been suffering from abdominal pain. now the long awaited consultation is finally happening. like many poor nigerians, he can't really afford to see a doctor. he's never had health insurance because it was too expensive for him. he then had of a way that he could still get insurance without paying anything. thanks to a status called social care. i did not come with a cobo but it, it's the old motor battery and the plastic waste that i donated to them today. and they gave me the form to come here and do the checkup and you can see they gave me the drugs union so i am very happy for them. so so care has been around since the end of 2019. it was founded by non so upper room, mitchell. he was troubled by the white spread plastic pollution in nigeria and was also looking for a way of giving people access to medical care. just 3 percent of nigerians have health insurance. so how can we use one problem which is plastic the food environment to solve the problem which

have an estimate of how many people will as they say age out of the workforce but the fed chairman, jerome powell and others say far more people are calling it quits for good then we would normally expect. we saw an increase of 600,000 people taking on multiple jobs, men and women, so just one person doing more than one job. the labor secretary throwing another factor into the mix. >> the biggest threat to our economy as we don't have a strong immigration policy. some are focused on the southern border and that's not the issue. the issue is how to make sure companies and businesses have the opportunity to employ people. we are seeing lack of immigration and it is something we have to address. connell: there is a decline, chairman powell and others have pointed this out, the chairman talk about decrease in immigration and surge in deaths during the pandemic as a way the workforce has changed and that might be the story. there's no quick fix for this, might be that things have changed, companies have tried everything we saw today. the headline was wages going up as much as they did. even tho

in any case, jerome goodwill is happy that he now has a health insurance examination revealed that he has gus treaties. now, he can even afford the medication. what a terrific program it can be said often enough without recycle or reuse in what we already have and learning how to use our limited resources more efficiently, will make our problems worse. so shall crease. just consider water which is essential or life, but of course africa the rains have become unpredictable. they may come as heavy dung paws to lead on not at all. up to 90 percent of households in southern london are affected by drought. pushing the government to take action. it's been a long time since that is a white glove. commer had enough water. this community just over a 100 kilometers south of land, a capital kigali is desperate for rain. it's a major punishment for people he talks has enough what up for themselves and their lifestyle. and the precious little that's available is not clinical. yeah, marcia hunger term and it's difficult to find water in this area. dummy underneath this water from the marsh is like

fed chairman jerome powell charged the markets with positive major indexes.ed up technological nasdaq. the broad market index s&p 500 gained more than 4% and the dow jones gained more than 2%. speech by the head of the regulator. it was a key event for traders and investors. their expectations came true jerome paul made it clear that the pace of rate hikes will slow down. this just what the bidders wanted to hear, judging by his words already at the december meeting. the step of tightening the policy will be a more modest reminder. the last three meetings of the fed raised rates by 75 hundredths of a percent. these are the most aggressive actions in half a century, however, the reaction of the market. rather, emotional and subject to technical factors. after all, the head of the fed. also signaled that monetary policy will remain restrictive for some time until there are real signs of progress in regarding inflation. to begin with, we need to raise interest rates to a level that is sufficiently restrictive to bring inflation back to two percent. there is cons

jerome and the whole team here, bye for now. ah ah. ah ah. tens of thousands of children were born in to all lived under the ice till regime in iraq and syria. now many are encamped either old funds or with their widowed mothers, rejected by their own communities checking the law. you think people are going to welcome them after that? of course, not an any award winning documentary. his that chilling and traumatic story home from the children throw stones at me. iraq's last generation on al jazeera, after the introduction of a controversial, electro canadians, a set to vote in an election that many fear may signal the end of the market. like the head for this north african nation to noisiest parliamentary election, went out. ah, this is al jazeera ah hello there, i'm miss darcy. hey, this is the news. our live from our headquarters here in durham coming up in the next 60 minutes. political chaos in peru, a state of emergency is in full effect, but that's not stopping protestors from venting their anger. rallying for the mirror, the stu

he can shoot 73 pointers he had 29 points jazz up by nine but then tied jerome the steel and the threeup by three midway through the fourth. jerome 17 points and 30 minutes off the bench, jordan's pools loving it and then he's taking it to the rack warriors up three with a buck 27 to go, and from there, they hit their free throws to win it. 1 12 1! oh, seven, they improved to an nba best. 15 and two at home. derek carr's career with the raiders appears to be over after he was benched for the rest of the season, meaning it will be brock party vs jarrett stidham when the niners meet the raiders on new year's eve in las vegas cars last four starts have been among the worst of his career, culminating with the three interception game against the steelers on christmas eve. the last interception, most likely his final passes. a raider reportedly left the team right now, and it's sealed another loss for the six and nine raiders nine seasons as a radar car has only missed four games, all due to injury. he's never been benched. and while he holds nearly every raiders passing record is just 63 79

their expectations were met by jerome powell.y made it clear that the rate of increase rates will go down. this is exactly what the bidders wanted to hear, judging by his words already at the december meeting. step already the value of the policy will be modestly remind. the last three meetings of the fed raised rates by 75% - this is the most aggressive action in half a century, however, the reaction of the market. rather, emotional and subject to technical factors. after all, the head of the fed. also signaled that monetary policy would remain restrictive for some time until real signs of progress on inflation. to begin with, we need to raise interest rates to levels that are restrictive enough to bring inflation back to two percent. there is considerable uncertainty as to what rate will be sufficient. and while there is no doubt that we have made significant progress by raising our target range for the fed funds rate by 375 basis points in march. at the same time, if we evaluate the macroeconomic situation, there are reasons f

that followed a speech by fed chair jerome powell.us the sense as to why the market somewhat schizophrenic response. >> yes. well the mood today is somewhat lackluster compared to the really strong price action we had yesterday by the close the s&p 500 was up 3.1%. the nasdaq up more than 4.4%. to your point, stock market investors were reacting very strongly to words out of the fed chair jerome powell where he signaled that perhaps going forward the fed are ready to start hiking in smaller increments. they're marking in a 50 basis point hike at the next meeting. the take way in general is they're getting closer to the end of this hiking cycle. a very positive signal to markets. today, looking ahead, investors are watching out for personal spending numbers and personal consumption numbers as well. >> so one place that is doing well amazon. it says it rang up record breaking sales over the thanksgiving holiday shopping weekend. give us the details. >> that's right. they didn't disclose the figure of the actual sales. the best solers we

six hours from now we'll be seeing the federal reserve the gentleman is recognized for one minute jerome powell. he'll make a statement to the public about the state of the u.s. economy and talk about the latest inflation numbers and the fed's efforts to fight inflation. that happening at 2:30 p.m. eastern time today. you can watch that on the web at c-span.org. of course, on the free c-span now video app. so that's about in 7 1/2 hours from now. happening later this afternoon here in washington. getting your thoughts, though, on how you describe this state of the u.s. economy, want to know if you think it's getting better or things are getting worse, what's your view from where you are in america. glen from corpus christi, texas, is up first. good morning. caller: good morning, c-span. i have a lot of information for you. i've been around ever since eisenhower was president, and i've never seen anything like this in our country before. we have a damn stupid lgbtq president that doesn't have any business being president because he has nothing -- he does nothing about the economy. he is t

jerome and the whole team here, bye for now. ah. i think go post of the mexico benchmark julian, dawn judor, i can see no, now what people are coming, you have met people that cause a boy will be here, spatial, close to the moral can remember. like, what do you guys think of the rebels? have been a lot of the stories that we gover, heidi complex. so it's very important that we make them as understandable as we can do as many people as possible know about how much they know about a given crisis or issue with the smell of death is overpowering as al jazeera correspondence. that's what we strive to do. what happens when the news media fail to do their job? it's one of the biggest reasons why iraq is not yet a democracy. there's no accountability. the listening post exposes the powers, controlling the narrative russian media. does the lot of fabre rapidly, his method has to be back by the whole propaganda. but apple and the tools they used to do it, how do you read through all of them? information found you determine what is this and fo

jerome if you could come up, it would be great. we are also honored to have with climate depot publisher marc morano the author of the 2021 book green why the green new deal is even worse than you think and the author of the bestselling 2018 book the politically incorrect guide to climate change. he's also the award winning producer, writer and host climate hustle, a firm in 2016 and hundreds of us theaters. his newest book, the great reset global elites and the permanent lockdown, was published in august 2022. mark, if you come up, please, and sit back. yeah, if you could both take your seats, that would be really. well, an economist the politics of climate change are fascinating to me because as an economist, i know that many the solutions just don't add up. and for example, the idea that we have all battery powered electric vehicles by 2035 and that auto are committing themselves not to produce the internal combustion engine at a time when only 5% of americans are these vehicles is very surprising to me as an economist. also the

ty jerome, the 2 way player. what a story.s been over the last couple of games he pulls up from beyond the arc put the warriors up 3 and then how about next sequence? dante di vinci and do it. you want to call me crazy of? i said tied year old dante de vincenzo back-to-back three-point plays will put the warriors up by 6 of i told you that before the season. but that how it played out. dante ty jerome, they played heroics tonight. the warriors they go on to win one 12 to 107, day are now 15 in 2 at home. now to the nfl. we have most likely seen an end to an era with in the raiders franchise. the raiders have decided to bench. derek carr for the remaining 2 games of the season and he will in turn step away from the team to avoid distractions. that latter decision was approved by the team. now car signed a 3 year extension worth 121.5 million dollars just in the offseason. and he has an injury clause that matters because if he were to get hurt and one of the final 2 games, then his 30 plus million dollars salary next year and 7

quite literally as we are speaking right now, jerome powell is announcing another rate hike. once the words come out of his mouth, we will relay them to you. it will be the seventh this year. the good news is that the hike is expected to be smaller. a half point increase instead of three quarters of a point. and so it would be another indication that inflation is starting to ease and that the fed can start easing back as well. emphasis on start, as we are still a long way off from jerome powell's stated goal of 2% inflation. so joining me now is nbc's tom costello, and the host of "full disclosure" robin farasad, he would have been here before. tom i can see you're looking to see what the rate hike is. >> we have it. breaking news. the fed is hiking rates by another half point, 50 basis points, as they say on wall street, half a point, that is the seventh rate hike so far this year. we've already had four three-quarter rate hikes, four, that's a lot and a quick acceleration on the interest rate picture in this country as the fed tries to get the 40-year high inflation under c

jerome powell told a conference at the brookings institution in washington that the fed was "slowingfter four steep rate hikes in a row. michelle fleury has more. after four hefty rate hikes — each three quarters of a percentage point — us federal reserve chairjerome powell indicated on wednesday that america's central bank was ready to slow the rate of increases. the full effects of our rapid tightening so far are yet to be felt. thus, it makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. the time for moderating the pace of rate increases may come as soon as the december meeting. while us financial markets cheered the prospect of smaller rate hikes, chair powell emphasised that what matters most is the destination — in other words, how much further rates have to climb, and how long they will stay high, ratherthan the pace of change. it is likely that restoring price stability will require holding policy at a restrictive level for some time. history cautions strongly against prematurely looseni

and we will break down everything with former fed president will -- william dudley and how hawkish jeromel has to sound. . this is bloomberg ♪ >> the secret to grow. i think that we and the industry more broadly can communicate the heart of a clients growth. how do they reach new areas and innovate, break new grounds? alix: we are over an hour into the u.s. trading session. stocks trading higher and the jump function moves are the rule and not the exception when it comes to equities. kriti gupta is tracking that for us. kriti: take a look at but the stock market is doing, third day of gains, up half of 1%. i wouldn't call it a massive move. 2% gains in the session highs yesterday after the cpi report. muted volatility might be a good thing going into the federal reserve but remember it's different from past meetings because traditionally you see more of a risk off move ahead of the fed decision. more optimism on light volume, it is december after all. two year yield bonds catching a bit on the basis points for the 10 year yield that isn't doing a ton. i think the question here is what it

ashley: fed chair jerome powell signaling slower rate hikes could increase beginning this month but i always look at where they are headed, the terminal rates somewhere around 5 and one quarter of one%. and one 12:45%. how we get there i always think is less important than that's the rate they are going to shoot for and what we have to live with. >> right, a really great point and the rally we saw yesterday was remarkable. fed chair powell didn't necessarily say anything different than we already knew. the expectation was already that they were going to slow the pace of rate hikes this month, 50 after four straight 75 basis point rate hikes and after that it is still in question and as you said if you look at the terminal rate, if you look at the pricing in the markets, the terminal rate in may of next year didn't budge so the expectation of where the federal reserve is going to end up did not change much, summer reading into the message fed chair powell didn't push back against the market rally we've seen this quarter so far, that he was a little more dovish than expected but let's b

instead they have been pulling sand out of the sea, bucketful after bucketful. among them this jerome channel, he can dive up to depths of 12 meters. when he started 20 years ago, he was just the person who hold the buckets on board. but then he started diving. the spending of the firewall was in the water doing dive after dawn with no protective equipment and no oxygen tank. it's dangerous work. only then on the day i go into the water with the pipe in one hand and the bucket in the other. we hold the pipe with our legs and used a bucket to dig out. sam, i thought nobody, i say it, this goes the region of the decades long tradition, not pulling sand out of the sea for use and construction. the problem now is the scale. several 1000 people earn a living by mining the sea for san. meanwhile, the demand for sand is growing as a raw material for the construction industry. since 1990 mom wise population has more than doubled to almost 21000000 people in 10 years. that number is expected to grow by another 5 me and in my growth need send in the waters all around mumbo you send, mining is p

once again in the united states, rates are going up by half a percentage point with the fed chairman jerome powell, indicating that further hikes are on the cards. here in europe, the c b's president christine le guard has also a nice to hike by half a percentage point. the policy moves are being closely watched by countries like india, whose emerging economies are heavily influenced by the strength of foreign currency . for more in this, let's talk to tara carter k from d. w is asia department. sorry. good to see. maybe you can explain to me why our interest rates heights in the u. s. or even in europe, a source of concern for emerging economies like india. right, good. so here's what happens is when the u. s. fed heights if the interest rate, the difference between the interest rates in india and the interest rates in the us, it shrinks. now if this matters a lot for foreign investors, because usually emerging markets give better returns than developed markets, but when a developed market like the us or where they, the rates are, i'd there. and what happens in a developing market like ind

i'm calling it the jerome gyration. it's kind of a christmas tree of colors here, red, green, red, green on the intradays. and at the moment you see with the dow just trying very hard to go into the positive territory there, not gonna make it at the moment, down 41 points. and it's pretty much followed by the s&p. these are mirroring everything that you see. now, so much of this to do with what t jay powell said specifically. he gave a tiny little bit of inch when it came to inflation starting to moderate, but he was extraordinarily crystal clear that he still feels, along with the committee, that inflation's gotta come down a lot more, and that means the brake path is going to continue to the north. inverted yield curve, let's look at the bond market. it deepened following the fed's rate hike as the 2-year treasury, which is very policy sensitive, turned higher cutting earlier close -- losses. that's pretty extraordinary here. we have it at 3.49%. i have my old school sheet of what i do before, during and after the new