alan greenspan when he testified to congress he explained is alan greenspan when he testified to congress he explained his success in running the economy as based on what he called greater success in work early writings or nature to the contrary to me as based on what he called creator worker insecurity to. sprint. cup of a typical restraint on compensation increases has been evident for a few years but as i outlined in some detail sation increases has been evident for a few years but as i outlined in some detail in testimony last month i believe that job insecurity has played the gold in testimony last month i believe that job insecurity has played the dominant role workers in security are going to be under control dominant role workers in security are going to be under control. they are not going to ask for say decent wages. they are not going to ask for say decent wages were a decent working conditions or the opportunity to free association were a decent working conditions. or the opportunity to free association. for the masters of mankind that's fine. for the masters of mankind that's

alan greenspan on wall street in general there isn't that much of a reaction we're hoping to get more clarity what that we're getting change i mean so was the press conference was hauled in a bit d.w. financial correspondent yes quarter reporting from the trading floor in new york thank you. and thank you for spending this part of your day with us. i'm not laughing at the gym well i guess sometimes i am but i stand up and when that happens when the german thinks deep into the german culture of looking at stereotypes the question in using the future of the country that i know a lot of time. needed seems to take the most drama day out to me it's all that. i my job join me to meet the gentleman from d.w. . post. such a good. surely news from africa and the world or link to exceptional stories and discussion from the news of easy town i would say to debbie to come smoke free coffee join us on facebook at g.w. for. another grilling full boeing's chief executive from american lawmakers dennis miller but tries to explain the plain make is handling of safety concerns frantic 2 crashes that ki

alan greenspan when he testified to conquers he explained his success in running the when he testified to congress he explained his success in running the economy as based on what he called greater worker insecurity economy as based on what he called creator worker insecurity. to typical resource for spring break dot com come come compensation increases has his base has been evident every critic for a few years but as i outlined in some detail in testimony last month for a few years but as i outlined in some detail in testimony last month i believe that job insecurity has played the dominant role. i believe that job insecurity has played the dominant role workers in security are going to be under control. they're not going to hers in security they're going to be under control. they're not going to ask for say decent wages were a decent working conditions to ask for say decent wages were a decent working conditions or the opportunity to free association meaning unionized. or the opportunity to free association meaning unionized. now for the masters of mankind that's fine they've made to

alan greenspan said that who are we to put judgment up against millions of investors when looking ats of the federal open market committee that will make the decision today. so, yes. i stress this suggests confidence in capitalism, democracy, or even in the u.k. you see -- where even in the u.k. you see the ball rolling. old man river keeps rolling along. there is no confidence in companies continuing to strengthen income and households as well. tom: does old man river -- that was a joke. tony: pushing aside populists who are distracting us, causing us a lot of stress. am: come on, tony, you are fat cat from pimco. the chairman has been very good about mentioning these inequalities. tony: inform, but there is nothing the central bank can do about that. they can produce nothing but money. they create money, they cannot produce productivity, which defines changes in living. if americans want to boost -- want to use their standard of living, they need to focus on investments, not produce more money and more things that change a nation. doing much, and why? because they do not have a lot

alan greenspan decided to stay on hold and watch the data to see how it came out.t again here. stuart: okay. no recession of any kind on the horizonnen at all. we'll leave it at that? we'll leave it -- >> no recession, fed cutting, good for financial market. thanks very much for joining us, jeffrey. good stuff. >> good to see you. stuart: college athletes will get their payday after the ncaa reversed course and ruled that the players, who bring in millions for their schools, should be able to cash in on their name and their image. was that the right call? fox sports' jason whitlock joins us shortly on that. >>> impeachment front and center on the hill, but it's business as usual in the white house. president trump met with a group of congressional leaders on health care and trade. next, we'll speak to one of those lawmakers who who was in t meeting what's the plan here? we'll be back. ♪ ♪ driverless cars, or trips to mars. no commission. delivery drones, or the latest phones. no commission. no matter what you trade, at fidelity you'll pay no commission for online u

approach >> yeah, i'm reminded that i think it's alan blinder said when he first went on the fed, alan greenspanve is a forest. i'm not surprised the public doesn't know as much about the fed as we do in the cnbc audience look, i think the president must have calculated that if we have a recession, he wants to blame it on the fed. he stepped on his own message by starting and continuing a trade war with china and i think that's more predominant in people's mind. they're going to understand that more. >> david, before we get to george, what do you make of the argument that president's have done this forever, maybe just not so publicly? >> well, look, i think it's totally legitimate for the president to complain about the fed, to talk to the fed about the economy. as you know, they did it publicly until the clinton administration it's an exception to the rule. i think where the president is -- it's one thing to say i don't like their interest rates policy but to call the fed chair a bonehead and to review his press conference before he even does it, i think it's disrespectful. it undermines confid

in fact, i would add to this that alan greenspan in 1995 and 1998 was able to pull off what jay powellve a mid-cycle adjustment, come in, give three rate cuts in a row and step back and let the economy continue to expand, let the financial markets continue to rally. i really do think he's hoping for a repeat of that kind of '95-'98nirvana fed intervention that's temporary in nature. stuart: if you get a quarter point cut announced tomorrow, you think that's highly likely -- >> 94% or so, yes. stuart: we are off to the races after that? we're fine? the economy will do just fine? we will pick up the growth rate all over again? >> this is all in theory. there are a lot of things right now working against our economy. we don't necessarily exist in a vacuum. the chances of a recession in canada have increased markedly. the same is the situation in mexico. we are not just talking about china and germany anymore. we are talking about economies slowing at our northern and southern borders that are our largest trading partners as well. and you've got the car industry slowing. i'm hoping this ge