federal reserve bank and that isn't this headline also from the m.b.e. are looking at how the role of zero percent interest rates has actually reduced competition reduced productivity in the economy and it's the same issue with the share buybacks there. looking to there pointing to a number of the minimum wage of course is going to reduce perhaps wages of people make it twenty five dollars now this company is going to say well we could do share buybacks and reduce their salaries to fifteen and we still meet chuck schumer and bernie sanders like parameters for when we can do this so here's a headline from wall street hoops low interest rates factor and slowdown of economic and productivity growth m b e r this is something we've seen since the financial crisis all around us the concentration and consolidation of corporate market power in entire industries largely by a mergers and acquisitions made possible by abundantly available funding at ultra low interest rates for the largest companies and the concurrent slow growth economy dogged by per peck suddenly

they don't want anybody else to have you know see in a green new deal they want to compete in federal reserve bank they want to green federal reserve bank and the foreigners families like the mafia in the u.s. they want the current central bank because they like that they get all that free dosh you know it's an interesting play none of them works and ultimately the market will seize upon hard money this is why russia china are buying so much gold because they realize that the dollar is on his last legs and about to implode so i want to look at a few headlines they didn't to this sort of system whereby free money could be printed exclusively just for four hundred families and that's why they get richer and we get poorer but here's one headline from adam to say that divergence and growth between service and goods producing sector employment in the u.s. since the crisis is truly striking and mind the scales so this is from deutsche bank the blue line is wealth creating jobs so you're in the manufacturing sector turning some raw goods into added value products. this is from by the way two thousand the

federal board directors, 70% -- 76% come from the banking or business sector 74% are white. and 62% are male additionally, the report found that an overwhelming number of federal reserve bank presidents are overwhelmingly white at 83%. the most troubling aspect of the report was what happened just last year. in 2018, the incoming board of directors were 50% people of color, 43% women, but in 2019, we back sway it with incoming directors from 82% banking or business sectors, 75% white and 61% male youth have consistently committed to this committee that you are committed to diversity, which i am very appreciatative and let me remind you of a quote that you gave. we make better decisions when we have diverse voices around the tables, and that's something we're very committed to at the federal reserve, jerome powell you probably remember saying that so do you have any thoughts on this report because i'm concerned that we're losing momentum on this issue that was started by janet yellen, your predecessor. and i'm thinking that i may need to expand my legislation to include the beatty rule with the federal reserve. it's patterned after the rooney rule which i'm sure you're also familiar w

are under the auspices of the us federal reserve bank essentially so here again safety points out these nonstop wars we have been at war non stop since two thousand and one nonstop everywhere also you know making this action on the venezuela and other chapter is an ongoing it's another chapter on this and it safety you know mooses who i'm reading under hard money governments fought till they ran out of their own money under easy money governments can fight until they completely consume the value of all the money held by their people this is why the century of central banking was the century of total war yeah ok that's exactly right and every single country in the world every social plank of the world is pursuing this money printing and warning as you get for you know refund a few except fully one notable exception russia paid down all their debt they've been buying gold and china is doing the same same thing but you know. russia serious so it's ok for the u.k. to play silly games and silly prizes and it's interesting that they america would wash their sovereignty down the toilet but the

federal reserve bank of new york which has some warning flashers turned on the fed says that those seven million total or at least three months delinquent on the loans and that's at really high what do you make of it and does it concern you. it concerns me enormously as it does the federal reserve and as it does to everyone not snowed under by these arguments about the so-called recovery have we recovered from two thousand and eight yes but it's been one of the most unbalanced recoveries from a crisis of capitalism we've ever seen the folks at the top have been doing very very well but the mass of people even if they get a job finally get a job with lower income less security fewer benefits and you're seeing the results if it were just the of unpaid of car loans it would be one thing but we're seeing it everywhere credit card debt is high students are unable to pay back the debts they've had to accumulate to pay for college the headlines keep telling us that the mass of people are in very serious economic trouble and the slightest downturn is going to take us over the edge a little bit l

however, the analysis done by the report suggests the federal reserve banks around the country are not representative of the public at all. 2019,port found, "in among the 100 federal board directors, 76% come from the banking or business sector, 74% are white, and 62% are male." the report found an overwhelming number of presidents are overwhelmingly white at 83%. the for troubling aspect was what happened at last year. in 2018, then coming board of directors was 50% people of weor, 33% women, but in 2019 backslid with incoming directors who were from 82% banking or business sectors, 75% white and 61% male. you have committed to this committee that you are committed to diversity. and let me remind you of that you gave, "we make better decisions when we have diverse voices around the table and that is something we are committed to at the federal reserve." you probably remember saying that. do you have any thoughts on this report, because i am concerned that we are losing momentum on this issue, that was started by janet yellen, your predecessor. i'm thinking i may need to expand my legi

department sa our nation's federal debt level surpassed $22 trillion for t the firste and then the federal reserve bank of new york reported that more than 7n mill americans are behind on their car payments by at least 90 days. finally, a new s vey from bank rate.com found that roughly a third of americans have o in savings. joining us now to talk about the implications of all of this for the economy, joe bruce willis is back with us. he's chief economist from rsm. welcome back. >> thank you. >> do any of the numbers make your palms wesweat? >> , the fact that we have got people falling more than 90 days behind on their loans for auto loa does cause some concern. i'm not too worried about the natial debt. ght now that's not a problem. nor should it be our concn. >> but longer term is it going to be an issue for the u.s. espe tally given interest rate environment that we find ourselves in? >> all right, so if we continue in this low interest rate environment it's not going to be concern. we have learned a lot about debt and deficit dynamics over the past 30 years primarily to watching japan. we don't wa

a new report from the federal reserve bank of new york showed that more than seven million americansre at least three months behind on their car payments. but is this reason to panic? bloomberg opinion columnist brian joins us now. could this blow up and become the next subprime mortgage crisis? >> i don't think so. it doesn't seem like it is going to be this sort of flash point for any sort of big explosion in the markets. there are some risks in the market, as there are with smi sort of subprime borrowers. when it comes down to it, it is a small market. it got a little bit frothy a few years ago, and some of that is coming home to roost now. but seven million people are behind, which is not great, but also the amount of cars that have been bought has increased and the share has gotten larger. so i kopitar think it is that big of a deal. >> one of the reasons you note in your analysis that i thought was interesting was they packaged and spread along? do we know why that isn't happening? securitized, en but many remain on the books of banks or finance companies. some are actually tie

coming up next weekend on the program, federal reserve bank of dallas president and ceo robert kaplan one to tell me there was a slowdown coming. this weekend join me on fox news on "sunday morning futures," i have an exclusive interview with congressman kim jordan and the author of the book "a.i. superpowers." that's 10 a.m. live on sunday morning over on fox news channel. i hope you have a great rest of the weekend, everybody. that'll do it for us. thanks so much for watching, i'll see you again next time. ♪ ♪ ♪ ♪ >> hello, and welcome to the "wall street journal" at large. this week the trump administration moved to ratchet up the pressure on venezuela's regime. on monday steven mnuchin, the treasury secretary, and john bolton, president trump's national security adviser, announced new sanctions against nicolas maduro and what's left of his government. the administration, along with many latin american government, the e.u. and canada, has already withdrawn its official recognition of ma mad

[applause] maria: and joining me right now is federal reserve bank of dallas president and ceo robertsir, thanks so much for joining us this weekend. >> good to talk to you, maria. maria: so we heard the president, just getting started, a boom not seen before, and yet with we know now that the federal reserve is on pause watching for data to dictate next move because of a slowdown that we're seeing in europe and china. so what happened? >> well, 2018 was a year of strong growth in the united states. part of it was aided by sizable fiscal stimulus and also global growth was very strong. and that helped the united states. as we head into '19, fiscal stimulus is waning, and global growth is decelerating, and we've also seen some tightening in financial conditions since october, although it's moderated somewhat in january. so those were all factors that are having an effect on the prospects for '19 and 2020. maria: and i guess the situation in europe is sort of an unknown. we don't know what's happening with brexit, we don't know what's happening in terms of france protests, we don't know

. >>> elsewhere, the president of the federal reserve bank of cleveland said today that the fed may have to raise interest rates later this year. lorett s mastersd it would only happen if the economy continues to grow, but she did addhat the pace of growth could slow. she also became the latestnt l banker to support ending a further reduction of the fed's balance sheet for thisyear. that balance sheet, as you know, has greatly expanded during the financial crisis as the fed bought up toxic financial assets from troubled financial .sstitutions. >>> well, the trade talks with china resumed in washington today after two days of talks in beijing last week. president trump says that the negotiations are going wd he once again signalled flexibility on that march 1st deadline to achieve deal. >> i can't tell you exactlyou timing, but the date is not a magical date. a lot of things c happen. the real question will be will we raise the tariffs, because they automatically kick into 25% on $200 billi worth of goods that they send. so i know that china would like not for that thappen, so i think the

should we expect to see further industry consolidation if deregulating big banks is a top priority for the federal reserve . it was discussed in the senate banking committee yesterday how the fed has accelerated its merger reviews and appears to be rubberstamping them. bb&t claimed their proposed merger will be approved by september. can you us -- can you assure us that the fed will not rush the process, consult with all affected parties, whole field hearings and focus on the public's interest even if it means rejecting the applications ? the occ released advance notice of proposed rulemaking to modernize the community reinvestment act or cra. the fed and the fdic did not join that release. the contraled to see lori's and said if he could not reach agreement with your agencies the occ would go on its own with cra reform. with that be a good outcome? told different regimes lead .ash a minute on diversity i believe diversity in the federal reserve's leadership including at the reserve banks is crucial because it is hard to stay committed when the leadership lacks an understanding of these communities it com

repatriation to move a total of six hundred seventy four tons of gold from france and from a federal reserve bank of new york city now number three is italy with sixty seven point nine percent they note that the metal is really a form of reserve for safety and that it gives them protection against fluctuations against the dollar number four as france which has sold a little of its gold over the past several years and by far right national front party leader has led the push to either retrieve the entire amount of gold from foreign nations or not sell any at all the number five is russia at seventeen point six percent now they've been the largest buyer of gold over the past six years and they'd be china in twenty teen but it looks like gold is really important for a lot of these countries to diversify against the u.s. dollars. absolutely troubling circumstance gold to get money should be able. get it seems to me r.t. correspondent sara bond to thank you so much for a look at end of the sarah preceded by. so if block chain is the best thing since sliced bread where will it be adopted fulsomely firs

attempted appointee as venezuelan president control of state currency reserves held in the federal reserve bank of new york among the many p.d. vs say creditors who may be hit by the sanctions on p.b.s. a is rawson after the russian state owned oil company rosneft has lent p.b.'s a more than seven billion dollars in recent years largely under an oil for credit program experts estimate that venezuelan state still owes. rosneft an estimated two point five billion dollars or equivalent no oil its equivalent oil and rosneft holds a major stake in at least seven oil and gas projects in the country in venezuela the new sanctions could make repayment more difficult for p.v. say which is already behind on oil deliveries and rosneft stock has been trading down for the last month and continued down today on the news. and turning to united states a ten billion dollar investment by electronics firm foxconn was it was supposed to create as many as thirteen thousand jobs at a plant in mount pleasant wisconsin seems to have frozen up after a month of lowering expectations foxconn has now announced that plants