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Apr 26, 2012
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longer run beyond that, as he said, will have to watch the data very carefully, but the federal reserve can't maintain the federal fund rate at zero indefinitely. but i think over the next 12 months it is appropriate to keep the federal fund rate very low. that seems to be what the majority of the committee certainly feels is appropriate, and from our point of view as bond market participants we would put that as an assumption that the federal fund rate stays very close to zero over the next 12 months. >> tom: so expand upon that, because fixed income investors at least in terms of interest rates have gotten punished by this low interest rate approximately over the past three years. where does a bond investor go to look for interest rates? >> well, we've been arguing that the investor should be investing for what i call coupon income, or interest income. and unfortunately too many investors have been far too cautious these last two years, have too much money in cash and cash equivalent that as you said punishes them. yields next to nothing. there are segment of the fixed income markets
longer run beyond that, as he said, will have to watch the data very carefully, but the federal reserve can't maintain the federal fund rate at zero indefinitely. but i think over the next 12 months it is appropriate to keep the federal fund rate very low. that seems to be what the majority of the committee certainly feels is appropriate, and from our point of view as bond market participants we would put that as an assumption that the federal fund rate stays very close to zero over the next 12...
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Apr 3, 2012
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that is changing the tax system, changing the federal reserve policies? changing -- adding back glass stiegel so there is more regulation, separation of powers within the financial industry so that capital credit is different than consumer credit. there's all these things fit in to a way in which you can expand capital ownership as we have done under the laws for employees. why can't we do this universally for every man, woman and child in america? >> thank you, norm. >> i don't know how to answer that question. one of the things that you are suggesting might be desirable to good back to i think at least people talk about going back. they are worried about how you support investment as opposed to consumption. that is a key issue which i was elaborating earlier. there is a push back against the paradigm of efficient markets. and rational expectations is pretty much gone. but that -- there is a lot of regulatory and market thinking in the past decade or so. so i think -- if you were trying to sort out the kind of thing that you're talking about, where we ne
that is changing the tax system, changing the federal reserve policies? changing -- adding back glass stiegel so there is more regulation, separation of powers within the financial industry so that capital credit is different than consumer credit. there's all these things fit in to a way in which you can expand capital ownership as we have done under the laws for employees. why can't we do this universally for every man, woman and child in america? >> thank you, norm. >> i don't...
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Apr 28, 2012
04/12
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because the federal reserve has a dual man date.eeping interest among other reasons he thinks and he's wrong on this. he think its will solve the unemployment problem. it isn't. i don't think he is evil. >> and the fact is, our economy is made up of millions of people making millions of decisions and that formulates the economy. not a couple of guys that sits in the federal reserve. >> every time they try to help they hurt the economy. best thing bernanke could do for the economy other than resigning is get a stable dollar. >> that's the last word. >> maybe steve would be head of the federal reserve. >> i continuing would work. >> he would do away with it. >> it might not be a bad thing. officials say crucify energy companies might be why you are getting killed at the pump. did you see this? tsa agents patting down a little girl with cerebral palsy not once but twice. this is a embarrassment for the agency. what is the solution. forbes gang with a premarket fix next. (spoken in mandarin) i've still got hours of battery life. it's an
because the federal reserve has a dual man date.eeping interest among other reasons he thinks and he's wrong on this. he think its will solve the unemployment problem. it isn't. i don't think he is evil. >> and the fact is, our economy is made up of millions of people making millions of decisions and that formulates the economy. not a couple of guys that sits in the federal reserve. >> every time they try to help they hurt the economy. best thing bernanke could do for the economy...
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the federal reserve system not the banking system but the federal reserve the money creation part of this system people think right now that our money is created by our government they don't realize it's created when banks make loans well first part of our act money will be created by government the second part fractional reserve banking must and. circulation of it is my is that with the way that it's done and in the arab countries with banking by fee rather than banking by n.g.o.s no we don't use any model from the arab countries. we replace that with real money right now we don't have the money to circulate that to strangulate money if it cares oh i see all of them already at the end of the day you know we care about actually but we don't hear this to please the bankers the bankers are supposed to serve the country and what the archbishop of canterbury did in one thousand nine hundred two he gave a speech bombs are falling hundreds of thousands dead in world war two and he put out a speech and he said ultimately he said what should be the servant has become the master and he recomm
the federal reserve system not the banking system but the federal reserve the money creation part of this system people think right now that our money is created by our government they don't realize it's created when banks make loans well first part of our act money will be created by government the second part fractional reserve banking must and. circulation of it is my is that with the way that it's done and in the arab countries with banking by fee rather than banking by n.g.o.s no we don't...
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Apr 8, 2012
04/12
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the federal reserve used to have to report about monetary growth rates. they don't have to report that explicitly anymore so going back to a requirement the federal reserve report a strategy for interest and congress shouldn't dictate what that strategy is. the fed should be able to describe what it is. entitlements and three very important here, think here the simple ideas just to keep, simply keep the growth of entitlements from expanding in the share of gdp. that really shouldn't be so hard for people to understand what that is about. social security programs are expected to expand the beneficiary in real terms. just to keep the growth from expanding in real terms than you deal with that entitlement program. very similar thing with respect to medicare. how to control the growth relative to gdp. there is a plan that i think does that. paul ryan put it forth. he is getting more support for that and he uses the market. he uses the market system as is an individual choice. another idea is ideas actually president obama has put forth, also control is but do
the federal reserve used to have to report about monetary growth rates. they don't have to report that explicitly anymore so going back to a requirement the federal reserve report a strategy for interest and congress shouldn't dictate what that strategy is. the fed should be able to describe what it is. entitlements and three very important here, think here the simple ideas just to keep, simply keep the growth of entitlements from expanding in the share of gdp. that really shouldn't be so hard...
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Apr 8, 2012
04/12
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a very interventionist policy by the federal reserve in this. and of course now we have had an enormous number of interventions the first time the home buyer cash for clunkers temporary extensions of the payroll tax, exactly the things we seem to not work very well in the past. said based on evidence and a little bit of the ideas of how these things have been, by looking at and decisions, it's important to do that, sometimes difficult, but it is important. you can learn a lot about what we should do going forward. so just to wrap up this idea of applying the basic principles, but they just go through very quickly what we do now because the principles are one thing, but when you actually apply them is a completely different thing. so i think in terms of the debt which is exploding and i had some terse and the book illustrates this. this is no joke. obviously we need to get the deficit under control and i outline the plan but all you need to do is very simple and bring spending to the share of gdp back to where it was in 2007. that shouldn't be so
a very interventionist policy by the federal reserve in this. and of course now we have had an enormous number of interventions the first time the home buyer cash for clunkers temporary extensions of the payroll tax, exactly the things we seem to not work very well in the past. said based on evidence and a little bit of the ideas of how these things have been, by looking at and decisions, it's important to do that, sometimes difficult, but it is important. you can learn a lot about what we...
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Apr 25, 2012
04/12
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and we put out a statement that described the overall policy approach of the federal reserve. we've taken a number of steps to improve communication, including these press conferences, of course. but also by expanding our projections, and by continued, you know, work doing -- sorry. doing testimonies and speeches and most recently as you know i did some classes. i taught some classes at a local university. so we're doing our best, both to achieve, really twoshs obje obj. one, lep the fed a little more understandable to the average person because many don't understand all the arcane aspects of the federal reserve and monetary policy and to be good voters and good citizens they need to understand, you know, something about what the fed does, an, also, to communicate with markets so that markets can better appreciate, you know, what our monetary policy plans are in order so that interest rates and other asset prices can appropriately reflect those plans. i think the evidence on the latter point is that there is better understanding of the fed's policies and you know, we've seen,
and we put out a statement that described the overall policy approach of the federal reserve. we've taken a number of steps to improve communication, including these press conferences, of course. but also by expanding our projections, and by continued, you know, work doing -- sorry. doing testimonies and speeches and most recently as you know i did some classes. i taught some classes at a local university. so we're doing our best, both to achieve, really twoshs obje obj. one, lep the fed a...
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Apr 3, 2012
04/12
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WETA
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>> susie: the federal reserve won't be providing help to the economy right away, but it is worried that recent job gains are only temporary. >> we think, down the road, the fed will be easing again. it's just a matter of when. >> tom: uncertainty about job growth isn't holding back auto sales. march sales roar ahead. we talk with ford motor to find out why. it's "nightly business report" for tuesday, april 3. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening. it looks like the federal reserve is feeling less and less like pumping more money into the u.s. economy right now. minutes from the federal reserve's march policy meeting were released today, and susie, they show, while the economy has been getting stronger, the central bank is still worried about the jobless rate. >> susie: still, tom, even with that caution, only a couple of members thought additional bond buying by the fed might be needed if job gains slow. the fed's key worries-- americans aren't receiving meaning
>> susie: the federal reserve won't be providing help to the economy right away, but it is worried that recent job gains are only temporary. >> we think, down the road, the fed will be easing again. it's just a matter of when. >> tom: uncertainty about job growth isn't holding back auto sales. march sales roar ahead. we talk with ford motor to find out why. it's "nightly business report" for tuesday, april 3. this is "nightly business report" with susie...
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the federal reserve after all is a creature of congress so i. you know hugely disapproving of the way things have been going. and many are but in my disapproval i don't mean to rule out a reversion to something like the characteristic american institutions of enterprise it's just possible we might see them later this year that's interesting that's a pretty high hopes for a washington and a sitting here and then i said it's hard to be optimistic about those kind of action actually ever happening i want you to stay right there we're going to go to a quick break but when we come back we'll have much more with you that's james grant founder and editor of grant's interest rate observer and still ahead from the gold standard to the ph d.'s standard is there any going back we'll have more with james brandon first your closing market numbers. well. it's technology innovations all the latest developments from around russia we've. covered. spring over seas my great story birds will come home to roost. when their mouses hungry. empathy gives way to the oce
the federal reserve after all is a creature of congress so i. you know hugely disapproving of the way things have been going. and many are but in my disapproval i don't mean to rule out a reversion to something like the characteristic american institutions of enterprise it's just possible we might see them later this year that's interesting that's a pretty high hopes for a washington and a sitting here and then i said it's hard to be optimistic about those kind of action actually ever happening...
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i really do you know the federal reserve is a little bit sitting on its hands right now what they're hoping for is is some sort of cast a spell if you will to get back in to the rescue with some other big liquidity injections for now they're really standing pat i think the e.c.b. is down about what they can given the political tensions there so i'm not expecting personally any big liquidity injections until something closer to tell you to what we do that well in my book that would be a nice ten twenty percent decline in equities would give the central reserve central banks and the federal reserve the cover they need to go forward in more liquidity in the markets ok interesting you mentioned equities in the drop in equities because that's exactly what i want to talk about we have seen overall this year the stock market rise we've seen some gaps you know that on a day to day basis that are reported but overall it's been rising and gas that i've spoken to like mark fogger believe that this is where central bank liquidity has been ending up and that's what's been propping up the stock ma
i really do you know the federal reserve is a little bit sitting on its hands right now what they're hoping for is is some sort of cast a spell if you will to get back in to the rescue with some other big liquidity injections for now they're really standing pat i think the e.c.b. is down about what they can given the political tensions there so i'm not expecting personally any big liquidity injections until something closer to tell you to what we do that well in my book that would be a nice ten...
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these are your headlines for april twenty fifth two thousand and twelve the federal reserve came out with its u.s. interest rate decision no shocker there the f o m c voted to keep rates at essentially zero and continue to expect them to stay there until late two thousand and fourteen but what is this doing to the economy in the long run. there you see it that says it all will speak to zero heads contributing editor bobby english about it and are we witnessing the death of price discovery when a small group of unelected bureaucrats set interest rates for the entire dollar denominated universe will explain why not allowing the market to vote on prices is a little like rigging democratic elections and last month we asked if we were seeing an emerging market and wall street whistle blowing as regulators encourage insiders to come forward with the incentive of possible payouts while we have to admit we're rethinking that is that as these three blows the cover of one of its sources reportedly does this mean that whistleblowing could be a prime candidate for a wall street short we'll talk
these are your headlines for april twenty fifth two thousand and twelve the federal reserve came out with its u.s. interest rate decision no shocker there the f o m c voted to keep rates at essentially zero and continue to expect them to stay there until late two thousand and fourteen but what is this doing to the economy in the long run. there you see it that says it all will speak to zero heads contributing editor bobby english about it and are we witnessing the death of price discovery when...
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Apr 25, 2012
04/12
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CNBC
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the federal reserve now forecasting the 2012 unemployment rate will be below 8%. i don't remember the last time that happened, but it's been a while. 7.9% is now the forecast. that's down from 8.35%. and you can see all along the spectrum there forecast lower unemployment. they've also forecast somewhat higher inflation. up now 1.95 on the headline pce inflation index for this year. that's up pretty considerably. 35 basis points from the january forecast. and all along the line there until 2014 there's something of a bump up on gdp. a little bit better growth this year, but a little bit worse in the outlying years. if you look at gdp 2012 marked up to 265 down from 2.45. brian, a very clear takeaway here is at least when it comes to the superdoves, they've dialed back a bit. the hawks remain pretty much the same. big question about 2014. that number where now seven are forecasting -- seven members of the fomc forecast a 2% funds rate or higher. i think it's going to get the market's attention, brian. >> absolutely. let's find out what kind of attention the market
the federal reserve now forecasting the 2012 unemployment rate will be below 8%. i don't remember the last time that happened, but it's been a while. 7.9% is now the forecast. that's down from 8.35%. and you can see all along the spectrum there forecast lower unemployment. they've also forecast somewhat higher inflation. up now 1.95 on the headline pce inflation index for this year. that's up pretty considerably. 35 basis points from the january forecast. and all along the line there until 2014...
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morgan the london bullion market if this association the federal reserve has a fee holding for practicing fractional reserve banking and engaging in naked short selling causing artificial price suppression of gold and so forth the finding of their report as they were looking at investing in gold and silver was that it wasn't a good use of taxpayer money it wasn't a good idea because of the market manipulation but is this the wrong conclusion because as you said this is an opportunity and it is the our business is telling us basically by physical gold and silver as opposed to getting into these kind of speculative schemes yeah there's this story was broken by my one of my staff chris trigger cea. it's the first government admission that there is a manipulation of the precious metals going on so this is great to have the government finally coming out and saying that yes this is happening but the really dumb thing was they were saying the price is being suppressed so we're not going to invest in it it's dangerous well that's the price is being suppressed when they lose control which directio
morgan the london bullion market if this association the federal reserve has a fee holding for practicing fractional reserve banking and engaging in naked short selling causing artificial price suppression of gold and so forth the finding of their report as they were looking at investing in gold and silver was that it wasn't a good use of taxpayer money it wasn't a good idea because of the market manipulation but is this the wrong conclusion because as you said this is an opportunity and it is...
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Apr 5, 2012
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he is an author of a wonderful two-volume history of the federal reserve. we'll start right at the beginning. alan i know you're in the in the bernanke as hero category. you've been cite critical in thins you've written for "the wall street journal" and elsewhere. tell us why? >> i do think -- i commend him for responding to the crisis which he helped to create billeting lehman fail. at least he responded to it. he didn't let it destroy the financial system. so i applaud him for that. now he's doing the administration's fiscal policy. that's not a good thing for the central bank to be. the proof of the pudding is going to be whether he's a hero or goat is whether he is able to get rid of the $2 or $3 trillion that he's put on the balance sheet and shrink it back to $1 trillion. my guess is not without difficulty. that difficulty has been compounded because now the european central bank is adding fuel to the inflationary fire. the bank of japan has decided that it wants to inflate, too when you see all the central banks in the world running -- the countries
he is an author of a wonderful two-volume history of the federal reserve. we'll start right at the beginning. alan i know you're in the in the bernanke as hero category. you've been cite critical in thins you've written for "the wall street journal" and elsewhere. tell us why? >> i do think -- i commend him for responding to the crisis which he helped to create billeting lehman fail. at least he responded to it. he didn't let it destroy the financial system. so i applaud him for...
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Apr 24, 2012
04/12
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what do we want to hear from the federal reserve tomorrow? let us bring in david kelly, jpmorgan funds' chief market strategist. all right, david. first, i want you to respond. you probably heard steve liesman's piece. the exclusive survey. most people say, you know what? ben bernanke might be out. steve refused to write in our names. i'm going to tell you something. thank goodness. i wouldn't want that job. do you think behr bernanke is gone by 2014? if so, who and what kind of person would you want to see in there anyway?ther >> first of all, i kind of agree with diane swonk. i'm not sure after the last few years somebody would actually want the job of fed chairman. i think it's going to be -- i think he will be under a certain amount of pressure from both the left and the right just because of what the economy has been through and also because of the extraordinarily unorthodox monetary measures the fed has adopted. you know, personally i'm more interested in what they do than who's at the helm. i think ben bernanke wants to do the right th
what do we want to hear from the federal reserve tomorrow? let us bring in david kelly, jpmorgan funds' chief market strategist. all right, david. first, i want you to respond. you probably heard steve liesman's piece. the exclusive survey. most people say, you know what? ben bernanke might be out. steve refused to write in our names. i'm going to tell you something. thank goodness. i wouldn't want that job. do you think behr bernanke is gone by 2014? if so, who and what kind of person would...
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Apr 2, 2012
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he talked about the federal reserve's role in policies in the current economic situation and says the reserve should start slowly raising interest rates. his comments are about half hour. >> well, this is quite a parade of talent that you've got unfolding in front of you, but i do want to commend this interviewee allen meltzer, one of the most eminent scholars in the world, an authority on monetary policy, and an author of a wonderful two-volume history of the federal reserve. and that's where i want to the start right at the beginning. allen, i know that you're not in the bernanke is a hero category. you've been quite critical in things you've written for "the wall street journal" and elsewhere. tell us why. >> well, i do think, and i commend him for responding to the crisis which he helped to create by letting lehman fail but at least he responded to it and didn't let it go on and destroy the financial system. so i applaud him for that. now he's doing the administration's fiscal policy. and that's not a good thing for a central bank to do. so the proof in the pudding is going to be
he talked about the federal reserve's role in policies in the current economic situation and says the reserve should start slowly raising interest rates. his comments are about half hour. >> well, this is quite a parade of talent that you've got unfolding in front of you, but i do want to commend this interviewee allen meltzer, one of the most eminent scholars in the world, an authority on monetary policy, and an author of a wonderful two-volume history of the federal reserve. and that's...
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Apr 1, 2012
04/12
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WBAL
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then a federal reserve which is still practicing and employing crisis-like policies. this is an economy that's no longer in crisis, but we have a federal reserve that still has a crisis mindset holding rates at zero. i think the fed needs to move itself away from crisis mindset closer reflecting the maturation of this cycle from crisis to a recovery and start moving away from those policies. >> let's make this meaningful to the average investor. in your view, how should they be allocating their assets to grow their money the best way? >> i'd still be overweighted stocks. you might have to live through a 5% to 10% pull-back. i think trying to call that is very risky and you probably won't get it right. i think the long-term for stocks is still good. you should be overweight there. wind the stock market right now, i'd look at being more psych psychicalpsychic cyclically tied to the economy. lighten up on tech stocks, everyone likes them so well. lighten up on consumer cyclical stocks. maybe look at buying industrials or materials which haven't done so well of late. put
then a federal reserve which is still practicing and employing crisis-like policies. this is an economy that's no longer in crisis, but we have a federal reserve that still has a crisis mindset holding rates at zero. i think the fed needs to move itself away from crisis mindset closer reflecting the maturation of this cycle from crisis to a recovery and start moving away from those policies. >> let's make this meaningful to the average investor. in your view, how should they be allocating...
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the federal reserve and why did you decide to come up with a video game. it trying you just came to me isn't i. should exist so you actually are why should i listen this is why it's a ron paul video game going to exist. let's invite you to chris to create i guess is my question. i'm always looking for new ways to introduce you to younger generations and my own generation recently. games that you. mine so it just kind of came to me. really like to educate people just. i guess letting them know they're being educated as much as possible so so that is your goal that so what is that what you're trying to achieve with this video game to kind of spread the ideals of ron paul and what he stands for you that's certainly part of it really i just want to decrease and. those that mean. and so whole so you are a zero zero do you identify with being a libertarian. yeah i mean. she said let me ok. what's interesting about this whole ron paul revolution as it's called is the protagonist who in this video game he's seventy six years old but your audience i'm assuming is y
the federal reserve and why did you decide to come up with a video game. it trying you just came to me isn't i. should exist so you actually are why should i listen this is why it's a ron paul video game going to exist. let's invite you to chris to create i guess is my question. i'm always looking for new ways to introduce you to younger generations and my own generation recently. games that you. mine so it just kind of came to me. really like to educate people just. i guess letting them know...
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taking a hit after commodity prices dropped after that federal reserve decision. of more. hope helping to limit the games they are going to carmakers off to strong u.s. sells a march. over a percentage of space in its best market u.s. thousands two thousand and eight is not as good as the u.s. and see how they finished up yesterday and it's certainly no surprise that we're going to see some of the red colors on the screen right now off of that federal reserve decision that if we look at the russian markets i can tell you it's less than an hour's time now until the bell is a completely different viewpoint we've got some healthy red figures there and that was the day of gains we see that continue through to a four day we look at the current his we see that the ruble colorado one as well to gain against the euro and the u.s. dollar. as far as the euro itself as we can see that it's likely down one thirty one ninety three for this hour let's look at those oil prices that they are declining second of course rising u.s. crude calls we have the federal reserve decision as well wh
taking a hit after commodity prices dropped after that federal reserve decision. of more. hope helping to limit the games they are going to carmakers off to strong u.s. sells a march. over a percentage of space in its best market u.s. thousands two thousand and eight is not as good as the u.s. and see how they finished up yesterday and it's certainly no surprise that we're going to see some of the red colors on the screen right now off of that federal reserve decision that if we look at the...
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morgan chase also received a secret three hundred ninety one billion dollar bailout from the federal reserve they got a rap sheet as long as your arm should be in some ways crunch over the c.s.i. manhattan or something and bring them in that forensically look at the balance sheet and say hey this is a murderer jamie diamond is an economy killer so there you go max christine legarde is in town she's looking for people and we have found her apparently a lot of banks are feel bad about the money they steal and they're willing to give a few pennies to those beggars on the street jamie diamond give her hundred jobs here christine lagarde somebody you know i think christine legarde outside of penn station with a fake louis vuitton bag i see here and there i looked and so money for. slush fund for the guy all right days ever thanks much for being on the guys report thank you don't go away much more coming away stay right there. when you see your story overseas grace rebirths welcome. home to roost. when there are massive cuts from great. empathy to sway to pull the commotions. towards those who liv
morgan chase also received a secret three hundred ninety one billion dollar bailout from the federal reserve they got a rap sheet as long as your arm should be in some ways crunch over the c.s.i. manhattan or something and bring them in that forensically look at the balance sheet and say hey this is a murderer jamie diamond is an economy killer so there you go max christine legarde is in town she's looking for people and we have found her apparently a lot of banks are feel bad about the money...
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Apr 2, 2012
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and we acted with the federal reserve and with congress to pull the u.s. and the world economy back from the edge of the abyss. we successfully stabilized the financial system and restarted economic growth. over the past 2 1/2 years, despite the crisis in europe, despite the rise in oil prices early last year, despite the disaster in japan, despite the huge damage to confidence in the united states caused by the threat of default on the u.s. government's obligations for the first time in history, despite all those challenges, our economy has grown at an average annual rate of about 2.5% over the last 2 1/2 years. the private sector has added nearly 4 million new jobs. private investment and exports are expanding much more rapidly than gdp as a whole, and we're seeing quite broad-based strength across the american economy in agriculture and energy, manufacturing and in high tech. but, of course, looking forward we still have a lot of work to do to repair the damage caused by the crisis. unemployment is still very high as you all know, and the housing market
and we acted with the federal reserve and with congress to pull the u.s. and the world economy back from the edge of the abyss. we successfully stabilized the financial system and restarted economic growth. over the past 2 1/2 years, despite the crisis in europe, despite the rise in oil prices early last year, despite the disaster in japan, despite the huge damage to confidence in the united states caused by the threat of default on the u.s. government's obligations for the first time in...
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Apr 13, 2012
04/12
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CNBC
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what does the federal reserve do?> well, i think the first line of defense has to be regulatory and supervisory. as i said, one of the problems that became apparent was that the financial firms were not able to give a clear and rapid evaluation of their direct and indirect exposures to particular asset classes. what we're trying to do now is to push financial firms to become much better at doing that. and an example is our recent so-called c car, our recent stress test we applied to the same 19 large bank holding companies that were subjected to the stress test in 2009. we want the -- we want financial firms to be able to not only assess the current value of their portfolio, but they also should be able to understand where they would be under extremely severe scenarios. so hypothetically going back to the housing situation, it would have been better obviously if we had known in 2005 -- i say we, speaking of the world in general or regulators in general, that banks and other brokers and other financial institutions had
what does the federal reserve do?> well, i think the first line of defense has to be regulatory and supervisory. as i said, one of the problems that became apparent was that the financial firms were not able to give a clear and rapid evaluation of their direct and indirect exposures to particular asset classes. what we're trying to do now is to push financial firms to become much better at doing that. and an example is our recent so-called c car, our recent stress test we applied to the same...
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Apr 4, 2012
04/12
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. >> the federal reserve meets every six weeks or so. they release their minutes a few weeks after that. well, this time it shows only a minority of u.s. -- the policymakers at the fed want extra credit easing, despite concerns over joblessness and the nation's economic outlook. now that is according to minutes of last month's meeting of the u.s. central bank. the federal reserve on tuesday released the minutes of the march 13th policy meeting. the document says most members agreed that a moderate economic recovery will continue for the time being. but some caution that improvements in employment might diminish as the year progressed. the minutes also say only a couple of members flagged the need for possible additional stimulus. that's if the economy lost momentum or inflation stayed below the 2% target in the medium term. traders were disappointed. u.s. stocks closed lower after the minutes prompted caution among investors. the dow jones industrial average retreated from a closing high of four years, three months to 13,199. that is dow
. >> the federal reserve meets every six weeks or so. they release their minutes a few weeks after that. well, this time it shows only a minority of u.s. -- the policymakers at the fed want extra credit easing, despite concerns over joblessness and the nation's economic outlook. now that is according to minutes of last month's meeting of the u.s. central bank. the federal reserve on tuesday released the minutes of the march 13th policy meeting. the document says most members agreed that a...
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Apr 25, 2012
04/12
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and we get a peak into what federal reserve policymakers are thinking as the federal reserve issues its latest read on the economy. plus, are small investors putting money to work in the market now? we ask the c.e.o. of t.d. ameritrade. >> susie: that's "nightly business report" for tuesday, april 24. i'm susie gharib. good night, everyone. and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org
and we get a peak into what federal reserve policymakers are thinking as the federal reserve issues its latest read on the economy. plus, are small investors putting money to work in the market now? we ask the c.e.o. of t.d. ameritrade. >> susie: that's "nightly business report" for tuesday, april 24. i'm susie gharib. good night, everyone. and good night to you, too, tom. >> tom: good night, susie. i'm tom hudson. good night, everyone. we hope to see all of you again...
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this is precisely what the federal reserve and the treasury are trying to do for sure a blue fail over time but it may work in the same sector stock market goes up for a while to. go up. high inflation. or argentina makes. a call for charity and during the money printing stocks sometimes. run it or a thousand times within one or two years. the whole system cracked the whole system and they will happen and will what do you think it will translate to politically when you say that because i know you said eventually wealthy social unrest politicians will take us to war so. that had to be fighting. i wish to play all of. us the us has been very good at finding enemies anywhere in the world when they wanted to find someone. but i would say my table is like this. if you look at the last two years. money printing had essentially benefited very narrow group of people the so-called one for. one percent a quarter percent of the population and with a large part of the population the fifty percent lower income groups would the middle class or lower middle class and the working class their standards
this is precisely what the federal reserve and the treasury are trying to do for sure a blue fail over time but it may work in the same sector stock market goes up for a while to. go up. high inflation. or argentina makes. a call for charity and during the money printing stocks sometimes. run it or a thousand times within one or two years. the whole system cracked the whole system and they will happen and will what do you think it will translate to politically when you say that because i know...
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Apr 22, 2012
04/12
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CNBC
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the board, the federal reserve board meets this week. what are you specifically going to be watching in terms of the announcement from the fed. there's a news conference after that. >> i don't think they'll make any change in policy that the economy has performed reasonably well, okay, inflation is pretty close to the federal reserve target. i don't see any reason for them to make a change. what i will be watching though is how they characterize the economy and whether their tone with regard to their the economy's outlook, they are also going to release their updated forecast for the economy, whether that has changed in any way from what they gave us months ago. >> you're pretty optimistic but what concerns are there out there for snu. >> there are plenty of things to be nervous about. we talked about gasoline prices and that is one. europe is another. that hasn't been nail down yet. european policy makers will need to do more. and i don't think they are going to do that unless they get pressure from financial markets. that's an issue. o
the board, the federal reserve board meets this week. what are you specifically going to be watching in terms of the announcement from the fed. there's a news conference after that. >> i don't think they'll make any change in policy that the economy has performed reasonably well, okay, inflation is pretty close to the federal reserve target. i don't see any reason for them to make a change. what i will be watching though is how they characterize the economy and whether their tone with...
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Apr 25, 2012
04/12
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and now that really was the way the federal reserve operated under his leadership for almost 20 years. >> narrator: on capitol hill, supporters of bank deregulation made urgent, stark pleas. >> the future of america's dominance as the financial center of the world is at stake. >> narrator: before them was legislation to lift limits on how banks could do business. >> ..if we didn't pass this bill, we could find london or frankfurt or shanghai becoming the financial capital of the world. >> this bill is going to make america more competitive on the world market and that's important... >> narrator: and legislation to prevent oversight of credit derivatives. >> ...on high-paying jobs, not just on wall street in new york city, but it affects every business in america and it benefits every consumer in america. and we do it by repealing glass-steagall. >> narrator: the campaign to roll back glass-steagall, a depression-era set of reforms was led by the country's biggest bank, citicorp. >> they felt it was in their way and persuaded lawmakers, both democratic and publican, that glass-steagall
and now that really was the way the federal reserve operated under his leadership for almost 20 years. >> narrator: on capitol hill, supporters of bank deregulation made urgent, stark pleas. >> the future of america's dominance as the financial center of the world is at stake. >> narrator: before them was legislation to lift limits on how banks could do business. >> ..if we didn't pass this bill, we could find london or frankfurt or shanghai becoming the financial...