barkin: let's see when we get there.e a speech, you were there in idaho, i said i am supportive of range around 2% and a moderate range around 2%, 2.5%,r that is 1.5% to i'm not focused on the difference between them. that is something close to -- as somebody put it, the word moderate means moderate. michael: that somebody was the chairman who also took pains to say in his news conference that the new guidance is strong and powerful, which does not seem to be the read on wall street. why do you think there is a disconnect? pres. barkin: i do not know if there is a disconnect. michael: the analysis on wall street is you can move interest rates but you will not have much impact on the economy and less demand for credit picks up, unless something is done on capitol hill. pres. barkin: there is a difference between looking backwards and looking forwards. for the last six months, we have gone strong in terms of what we can do to support the economy. now we are looking forward over the next year or two. i think forward guidanc

not thomas barkin. mr. tom barkin holding court in thery different fit, richmond fed.mas barkin with michael mckee. this is extremely well timed. we are looking at all the different speakers out there. tom barkin always organized in consulting the american economy. futures at -34. stay with us. this is bloomberg. ♪ >> my take on what is going to is anythingber 3 can happen. win, can win, biden can there can be confusion and chaos for days, but maybe weeks or longer about who is going to be the next president. when people distrust everything, especially the media, trump's voice is the most recognizable in the world. then people can hear it for themselves. woodward with a generous interview. the newsmaking was he did not want to release the tapes of his conversations with the president and his wife and someone at cnn pushed him to do that. that has changed the range from just another book to an immediacy of direct quotes from the president. we saw that last night in this debate. aboute been talking investment, finance, maybe economics. big fanaile, i am not a of linking

remember, barkin has als. speaks using a computerized artificial voice. here's what you have on your screen. the original video with the now-deleted clip tweeted out by scalise splices different words to make it sound as if barkin is asking the presidential candidate if he agrees if they can, quote, redirect some of the funding for police. in the doctored video, biden says yes. it was a blatant attempt to mislead about biden's stance on police reform, by inserting the words, for police, to barkin's question. facts first, okay. biden has said that he does not support defunding the police. he does not support defunding the police. president trump's social media director posting a video clip editing it to make it look like joe biden is sleeping during an interview. now, labeled, right, it's -- it's label manipulated on social media. this one is just so flagrantly fake. it's really a local news interview from 2011 with the actor harry belafonte, who appears to be unaware that he is on cramera. belafonte is denouncing the video saying please vote these guys ou

we will catch up with president barkin a little bit later this morning on bloomberg.r thoughts on what to ask him. john: i think that asking about that -- he was speaking last week on the issue of inflation. he said he didn't think inflation was going to be a problem. i think that inflation is not a problem to worry about at the moment, but after an 18 month review process on monetary policy, these very fine tweaks that we have made, the fed has ise to this inflation target something that the general public can really understand. something that your mother and my mother what understand -- my mother would understand. there is some interesting work that says if you interview the public and ask them what the fed is doing, 40% of the public in this survey, 26,000 people, said that the fed was targeting a 10% or higher inflation rate. the fed is debating how many angels can dance on a pinhead here, when perhaps the real problem is we are now locked into zero interest rates at and don't we 2024, have to take financial stability considerations down the road? what we are doin

richmond fed president thomas -- thomas barkin spoke to bloomberg. >> naturally you would expect to seerecovery be a little more gradual. where i see the real challenge now is getting the last 5% of americans back into the workforce. that is where i've got my focus. >> is that going to happen? what are ceos and business leaders telling you about their plans to hire and to invest, does been more money? -- to invest, to spend more money? >> there's a lot of uncertainty about the virus, and also what demand is going to look like next year. all of that, richmond fed president thomas barkin speaking of the economy, as we got a new round of layoffs from disney. these are really serious numbers, 28,000. a lot of them were part-time to begin with. then shell pulling forward 9000 job cuts. for disney, when you have the part-time worker that was actually started to recover, you see that tick moving higher, does that rollover? what is it due to fiscal stimulus? does the conversation change because of those layoffs? guy: we will be talking about airlines in a few minutes time. those furloughs could

. >> they had the dog right there, right there behind me barkin'. i'm out there with no shoes on.learly nothing. walking in water and stuff backwards, and he's like i'm going to let this dog on you. you're going to jail for the rest of your life. >> reporter: the officers interviewing walker seem surprised by what he says another waufser asked him next. >> he asked me, were you hit by any bullets. i said no. he said, that's unfortunate. >> yeah, that's not -- >> exact words. >> that's not appropriate then. >> reporter: today former louisville officer brett hankinson pleaded not guilty for firing bullets that ended up in a neighboring apartment during the march raid. taylor's relatives wanted more serious charges and are now intensifying calls for the kentucky's attorney general to release the grand jury transcript. >> we just want to know what exactly did he present to the grand jury. like was you even in breonna's favor at all? >> reporter: attorney general daniel cameron says he won't release those transcripts because of a pending litigation. >> at this point i don't think it's