, including the transfer. financial power in of the united states from the control of the federal reserve systeme control of the government of the united states until now, for reference, i must say that the federal reserve system controls both the issuance of the dollar and the circulation of the dollar not only in the united states but throughout the world, the government of the united states since then the states have never raised the issue of transferring money that imitates the federal reserve system dollar under the control of the government, so now we have a situation, when the united states government does not control the dollar and attempts to control it led to the murder of two brothers. every man is born with five dry land, and every floor a bird from all sides gives me now more than ever. i don't know who my wife is. you are mine. how much longer will we live michka? i do not care. lord the heart of the pope 24 we are talking about the main topics of this saturday today vladimir putin signed two decrees on not supporting internally displaced persons from the donetsk lugansk people's r

so the master reacted to the us article this press is an unprecedented variety of the federal-reserve systemgh right now a new trend is gaining momentum in the west, after which all these lgbt things of value are gaining momentum. this trend to legalize, firstly, petafillies, and secondly bestiality, will seem like a fairy tale dream, and here it’s scary not even for perverts, but for poor animals that can even do anything say the united states on the eve registered the first death of a patient from monkeypox, while in germany, in the meantime, they plan to allow you to freely choose your gender right from birth, moreover, the concept of a man and the concept of a woman, as well as the concept of a person’s gender, are proposed to be banned at the legislative level, but instead, without permission it will be possible to become a non-binary transgender, for example, intersex and so on. whoever you want. we are becoming now for such a procedure in germany requires, firstly, the consent of the parents. straightaway two certificates from the hospital, including a certificate from a psychiatrist

the decision to further raise the key rate of the federal reserve system, that is, the us central bank, it now reaches 2.5% imagine that this rate reaches 5% hmm, with 30 trillion 600 billion dollars, it will take a long time to give 5% to its maintenance. what kind of foreign policy, after that will remain hmm the united states due to which they will finance it. we must understand that the united states financed its political expansion by increasing debt. all this was in debt at the expense of for a long time, gdp increased due to debt. uh, military bases supported military orders. and if they are trying to save themselves from inflation and at the same time save the dollar, because this task is to save the dollar, therefore, to make the dollar not depreciating, not losing its rapid position as a currency. uh, then money for foreign policy, but there will be not just much less, but there will be. very little, very little will have to save on everything. and this is the perspective, in which, in general, the united states. it is already visible, we are passing the word news. the big ga

we need to de-politicize it by having the federal reserve system fund a parallel organization and makegreements with local jurisdictions to robustly fund them and return some of their authority so the response can be coordinated. we had that overarching type of improvement and we are waiting for the next populist movement which may be two years away or whenever it is in the future. guest: thanks, your points are really important. the cdc is only part of our nation's public health system. we have talented public health professionals at the state, local, territorial and tribal levels. over the course of time, her investment in the public health system has gone down. if we don't have robust public health teams and departments, laboratories epidemiologists, communicators at every level, we are vulnerable. so much of the funding for nations public health at the public level comes from the government. when there is a public health crisis, there is a lot of money thrown at the public health system but it's one time funding. that one time funding is not an effective way to build systems that w

he was president and chief executive officer of the federal reserve bank of kansas city and a member of the federal reserve system'sderal open market committee from 1991 to 2011. that is quite the introduction. tell us your view on the criteria for the federal reserve to raise interest rates further in september, is it what you expected?- further in september, is it what you expected? yes, it is, if ou what you expected? yes, it is, if you read _ what you expected? yes, it is, if you read the _ what you expected? yes, it is, if you read the minutes - what you expected? yes, it is, if you read the minutes the - if you read the minutes the committee are very committed to down inflation, and 8.5% year—on—year inflation is still too high, and i think everyone realises that. i think there was in the minutes of the amount of discussion that things are beginning to slow, we are seeing some of that even though the labour market remains very strong, they are seeing some increases with the initial claims, that kind of talk isn't what i think the market is going to ease up, and they may, the other thing they said, basically,

if in fact the chairman of the board, of the federal reserve system were to operate at the will of the executive i truly believe we would have economic chaos worldwide. not just nationwide. the fact of the matter is, the hoover commission noted in 1949 that all means of insulating regulation from partisan influence and favoritism. there is great concern about that. i will try another tactic. i have to think of an imaginative way to get you to talk about this critical issue, without being overruled by the chairman. let me move on over to another subject. freedom of speech, something near and dear to the chairman tar. i'm only kidding mister chairman. later that big smile. let me ask you, is the first amendment of the constitution states, congress will make no laws bridging the freedom of speech. how do you define speech, judge? >> i define speech as any communicative activity. >> cannot be nonverbal? >> yes. >> can be nonverbal and also non written? >> yes. >> so freedom of speech can encompass physical action? >> yes, sir. >> good. that is a relief. i'm not being smart, i read your cas

what presidents of attempted to do and would do if in fact the chairman of the board the federal reserve system where to operate at the will of the executive i truly believe we would have economic chaos worldwide not nationwide because the fact of the matter, is that the hoover commission noted in 1949 that this was all a means of insulating regulation from partisan influence and favoritism. and there is great concern about that, but i will try another attack. i have to think of an imaginative way to get you to talk about this critical issue without being overruled by the chairman. so let me go move to another subject. freedom of speech something near and dear to the chairman's heart. i am only kid mr. chairman mile family unit. that's right smile. let me ask you. is the first amendment of the constitution states congress shall make no laws of bridging the freedom of speech. how do you define speech judge? oh, i i define speech as as any communicative activity. can it be nonverbal? yes. can it be? can it be nonverbal and also not written? yes. so freedom of speech can encompass. a physical acti

on radio, on television, getting ready for a speech by the chairman of the federal reserve system andlobal slowdown in america going this way or that way. which is it? jonathan: the wrong way right now. flow in beijing, throwing frankfurt, throw in london. that is problematic for this federal reserve. one thing we started with this week is whether chairman powell would attempt to talk about some of the weakness abroad. tom: it has been underplayed, and visiting will be the governor of the bank of england, andrew bailey. what does he want to hear from jerome powell? jonathan: what he wants to hear and what he will hear are two different things. right now the ecb and the bank of england he to weak dollar and a stronger domestic currency but they cannot buy one. look at how rate pricing has change for the ecb and look at what is happened with the currency. we have had the yield move from the front end of the german curve by a lot. it has tripled. the euro is weaker. that is a big problem for the ecb as they looked to hike 50 basis points. tom: we could have a grizzly accord instead of a

estimates, here i already gave an example on uh, the estimates of the federal reserve bank of atlanta model are part of the federal reserve system of the us central bank that uses an informal model to estimate growth economy. they re-read practically there with a weekly parameter on every new figure that comes up. and the recalculation is still being carried out and the numbers are walking, and there from -1.2%, e.g., gdp to 2.5%, and for me this suggests that today there are such multidirectional trends in the economy that are used to model the situation, that they give quite different situations in such a short range, so it’s quite difficult to predict, finally, years, or there for some medium-term perspective , so far, that the us is saving, quite high after the covid demand for labor , with which there are really problems and there are really record low unemployment rates and continued growth there in the construction industry, for example, in the housing construction industry. well , nevertheless, if we look at the conventional industry, then there we are, after some burst of activity of such rapid growth. at the prices tha

we need to completely depolitici ze it by having the federal reserve system fund a parallel organizationwould make agreements with local jurisdictions -- jurisdictions, health jurisdictions to be funded on the return to seating some of their authority. we have the overarching type of improvements and we are just waiting for the next period of populist movement where it might be two years away or whenever it is in the future. guest: thank you, your points are really important. this cdc is only part of our nation's public health system. we have talented public health professionals at the state, local, territorial, and tribal levels. over the course of time the investments in the public health system has gone down. if we do not have robust public health teams and apartments, and laboratories, epidemiologists, communicators and at every level, we are vulnerable. so much for the -- of the funding for the nation's public health system comes from the federal government. what we have seen over time is that when there is a public health crisis there is a lot of money thrown at the public health s

elections are coming up, but uh, a decision has been made to further raise the key rate of the federal reserve systemd of foreign policy, after that will remain hmm the united states due to which they will finance it. we must understand that the united states financed its political expansion by increasing debt. all this was in debt at the expense of a long increase in gdp due to debt. uh, military bases supported military orders. and if e try to save. protect yourself from inflation and at the same time save the dollar, because this task is to save the dollar, therefore, to make the dollar not depreciate, not losing rapidly currency positions, uh, then money for foreign policy, but it will not be easy much less, but there will be.

it reached 2.5% according to the decision of the us federal reserve system, that is, the loan becomes it seems to be strengthening the dollar at the moment, but at some point it turns out that this debt of 33 million 600 billion dollars needs to be paid somehow. uh, the traditional form of interest coverage. for a long time it was that increase debt debt has tripled over the past 14 years. and hmm you can't just go ahead and stop increasing the debt. if you stop increasing debt the american economy will be depressed because it's all government. spending this money is busy spent. it's all government spending. this is all gdp growth or maintaining a high gdp. therefore, at some point, devaluation of the dollar can happen. uh, this will certainly deal a terrible blow to the american middle class. uh, but for washington politicians it is fundamentally important that the responsibility for these problems for the population. it lay better on china than on their own leadership, so that they could blame it all on china, they tried their problems, they didn’t manage to blame the current ones o

federal reserve board. destroying or monitor system to permit and subsidize fiscal destruction the people are doing and theirt and deficit spending. centralization of the means of communication and transport in the hands of the state, centralization of the mines and communications. i wrote a book called, unfreedom of the press, our media is a one day media. bureaucracy in democrat party are one in the same, media and democrat parties are one in the same, and colleges and universities, and democrat parties has become at long last a party that hates america and hates the constitution. others, number 9. combination of agriculture, manufacturing industries gradual abolition between town and country, more equitable distribution, we have talked about this. how they want to change your zoning laws to eliminate the suburbs, there it is. number 10 free education, why? critical race theory? transgenderism? anticapitalism and anti-americanism. a reason that democrat party, refuse to condemning violence the attack on our monuments and our history, there is a reasons, they pretend critical race theory does not exist but

federal reserve properly i think kept the dollar stable. you had episodes of inflation but basically we were under the old brentwood's dollar gold exchange system and federal reserve principally under. but anytime the fed tried, there were no other outlets. it was so tightly controlled by the high taxes and regulations. those are really important issues and ike who has many wonderful qualities generalized economics wasn't one of them. there's a long story there. the top advisor was arthur burns. pushed the ball during the reagan years and burns was the ambassador to reagan and a very good ambassador in the later yearss and we became very friendly. all those years eisenhower, nixon he sold them work during the reagan years. so there were three recessions and this r is what gave kennedya step up. nixon didn't really deal with much on economic policies and domestic policies. i remember nixon's son-in-law by the way is a personal friend of mine, very dear friends of ours. i met nixon in the middle 80s. i was out of office back on wall street. he had his office down at one federal plaza in downtown new york in those days and his son-in-law would bri

although we were in a depression when franklin roosevelt took over roosevelt had a federal reserve, we had a uniform tax system the day after inauguration in march 5th lincoln offers chase the job chases. well, he's going to have to think about it not so fast lincoln sense his name up. he doesn't have a time for that jason begins to give link a little pinpricks the battle of bull run is one of the early battles that goes terribly chase sends letters around his friends saying this was not a military failure was administration failure, you know, it's true sticking the needle to lincoln someone writes a very negative article about to be the way the north is pursuing. the war chase has the thoughtfulness to put it in envelope and mail it to lincoln himself so he can see what he's being thought of he begins to conspires not too strong a word to conspire with generals asking them if they agree with lincoln strategy and so on lincoln tolerates this because he needs chase's acumen. he's terribly bright and very hard worker and extremely dedicated to the cause but chase really puts them through a lot and any time he do

the federal reserve properly i think, properly kept the dollar stable so inflation. under the dollar gold exchange system. the federal reserve principally did a pretty good job on that. anytime the fed try to tighten the economy had no other outlets. again it was so tightly controlled by high taxes and regulations. those are really important issues. i could, who has many wonderful qualities, general eisenhower, president eisenhower economics was not one of them. it just wasn't one of. them. there is a long story there to produce top advisor burns advised nixon. push the ball down the reagan years burns was ambassador to germany under ragged and a very good ambassador in his later years. he and i became very, very friendly part he became something of a mentor off mine. agreed i had up point about lower tax rates. he opposed that throughout all of those years. eisenhower, nixon he saw them work during the reagan years. anyway there are three recessions under ike. this is what gave kennedy a step up in the election for he ran as a growth guy. and it nixon did not really deal with much on economic policy, do

system. >> final question, can the federal reserve avoid recession? do we have to push so hard that that becomes likely? is that what they have to do question mark -- have to do? >> that is why the challenge is so big. the shock to the economy that creates downside risks, whether it is the energy, whether it is the food or any of those things we are talking about, this is the slow down of recession. inflation will not end -- we will not solve the problem. inflation will only add to the challenge. if you flirt with inflation, you end up marrying it. we don't want to get married to the inflation. we need to ensure that the world's ability is maintained. quick thank you so much. always great when you join us at the jackson lake lodge. no one wants to be in that kind of long and unhappy marriage. stay with us. more from our special coverage out of jackson hole. of course, the fed chairman jerome powell positive speech will be coming up in hong kong. thus, all the interviews we have , plenty more ahead. this is bloomberg. ♪ >> you are watching daybreak aus

the federal reserve properly, i think cap the dollar -- kept the dollar stable so inflation, computed episodes of inflation but we were under the old bretton woods dollar gold exchange system and the federal reserve principally under martin did a pretty good job on that. but any time the fed tried to type, the economyri no other outlets because again it was so tightly controlled by high taxes and regulations. those are really importantti issues, and ike who has many wonderful qualities, general eisenhower, president eisenhower, economics was not one of them. there's a long story. there's a . his top advisor was arthur burns . he advised nixon. push the ball down the road during the reagan years. he was ambassador to germany and a very good ambassador. he and i became very friendly and he became something of a mentor of mine. arthur creed -- i had a point about lower tax rates. he opposed it -- eisenhower, nixon -- he saw them work during the reagan years. there were three recessions and this is what gave kennedy a step up in the election. he ran as a growth guy and nixon did not deal with much economic, domestic policy. i remember nixon's son-in-law, a very dear personal f

federal reserve maintaining high interest rates longer than expected. the federal terran system measures are necessary to tackle rising inflation in the us, but the move has already resulted in other global currencies falling in value. new delhi based economists akash kumar. gin dol says india is facing a severe economic challenge which has already resulted in an outflow of capital from the country. what happened is u. s. d here, what the high inflation, the inflation did or 9 point one percent. so what they did was they can get on increasing in busters and be expect them to increase that. now there was a lot of global capital invested in india. so what happened was, once they engage in trusting, it was natural for capital fly back to us. so group like what didn't mean to dollars, i mean, you know, what does that mean? does that mean simply that people become because they will become dollar. busy us plus now go to is higher because of the current situation in the way. so i didn't get one of us. you can turn the industrial, they keep on getting that had some flight up there going

there was so much money sloshing around the system created by the government and federal reserve and in terms of inflation, down from 9.1% down to 7% but it will take a long time to get down to 2% so if you think the fed will magically pivot, think again. >> generally, jeff mills, they did not seem to care that much. a couple stocks pop but not that much. >> if you listen to goldman and don't quote me exactly but they said there's going to be a very small impact on 2023 gdp. for me the most interesting thing is the 3% minimum tax and overall s&p 500 earnings may be a reduction of 2.5%. it doesn't seem like a lot but in a world where earnings expectations need to come down, anything that will create a headwind will be noteworthy. >> good stuff, friday a day that will get passed and signed on saturday. the inflation reduction act will have a negative impact on the macroeconomy. we are joined now, looking at something with texting patients and they said it might cost 30,000 jobs and contract a little bit and a lot of the inflationary or anti inflationary like medicare pricing, don't kic

the blame squarely on the policies passivity and ineptitude of the federal reserve board, the guardian of the nation's monetary system it is a complicated story, but in the judgment of friedman and schwartz, it was the fed that was mainly for converting what they called a garden variety recession into a major catastrophe. since 63, friedman and schwartz's indictment of the fed has won considerable acceptance among economists and reinforcement from the principal historian alan. but as schwartz, meltzer and their monetarist are substantially. what should we now say about herbert. in all of american history, no president has been more conscientious, hardworking than he for three years and more. he strove without stint to induce the american people to shake off their confidence. repeatedly, he pleaded with banks to resume lending with depositors to stop and for moral action that would arrest the credit freeze. could it that his incessant labors not so much right or wrong as your relevant it reminds me of the greek mythological figure sisyphus forever condemned to push a heavy boulder up a hill every time he nearly reache

museum-reserve, they are an object of cultural heritage of federal significance, and we are very proud in the azov museum-reserve that we have the honor to preserve the legacy of peter i the first system. on the layout you can see what azov looked like more than 300 years ago. here is the shaft line. and the alekseevsky gates have survived to this day. the fortresses were the dwellings of the streltsov. the merchants had a monastery, powder magazines, the governor's house and even the palace of peter . and then it was decided to build another small fortress in front of azov, the ships of the azov fleet stood in the moat. this, unfortunately, the fortress has not been preserved, since this coast is constantly flooded; it was called the city of st. peter. so this is the first city of peter built here later. the same system was implemented on the banks of the neva. after victories by dose, russia received access to the sea, and the boyar duma decided that sea vessels should be here . the history of the russian fleet began. don't be anywhere, and in azov, 2 years later, the first navigation school will be opened. the military gallery of the azov museum presents portraits of the tsar’s ass

system? >> yeah, charles, this is the interesting thing, the federal reserve's balance sheet is different thanight. >> so between 2014 and 2019, roughly, the federal reserve did quantitative tightening. they shrunk their balance sheet by about $500 billion. but the banks grew during that period. and so these two things are separated and one, i know this is kind of complicated but think about it, once the federal reserve creates money think create m2, which is all deposits and all banks, it's checking accounts, savings accounts, money market accounts, you and i, and your viewers own those deposits. how do they take them away? they're private property. so my belief is once the federal reserve creates money they can't make it disappear. so they can shrink their balance sheet but that doesn't shrink the money supply. so the rate hikes that we're seeing, look, we know housing has just stopped, like people had, like a coronary with 3% to 6% mortgages. they just stopped looking. that is going to hurt the economy but all this money is still out there and that is going to create inflation and i know pe

system. >> in some ways, i think it ushered in the monarch -- modern era of federal reserve crisis managemente the global financial crisis, was the sense that the smartest people in the universe were goldman sachs market -- morgan stanley. if they were so smart? how did they get into trouble? >> we had a pandemic, a volatility shock, and a war. >> if i were to point to one thing is a culprit for the fed making inflation forecast -- i think it would be institutional groupthink. >> the approach you described, if the fed is no longer independent, that falls on the fiscal authorities to control inflation. francine: voices there on some of the big mistakes we made. money managers in the u.s. have been filing their 13 declarations for the second quarter. joining us now to run the news out as charlie wells from bloomberg. i love having you on, you bring so much energy. to these filings actually give us a direction? >> it's been an incredibly difficult year to make conviction calls. we look at these filings, they speak to the second quarter. there was such a risk off appetite. michael burry, he dumpe

the federal reserve, unfortunately, has a lot of elation to get entrenched into the system.feel it. and what inflation does, it destroys demand. the more prices go up the last people spend, the less people spend, the less companies invest and you risk a recession. so the problem is not the economy, the problem is not the way to the policies, the problems that the federal reserve has allowed inflation to get out of control. to get out of control. so now we have a situation where we are seeing more people getting jobs and wages going up. that will still create the man because people have money to spend. because this could be federal reserve more space now to try and fix the problem that there were a late fixing? to the increase interest rates more and as a potentially dangerous to the economy if they do so? >> yes, that is the problem. how they started early, like some of us who are urging them to do, they would have been able to have the brakes. and allow it is called a soft landing. we do see inflation without harming economic growth unduly. now that they were so late, they

somehow gave an example on the estimates of the model e of the federal reserve bank of atlanta, this is part of the federal federal system the recalculation is being recalculated and the numbers are walking, and there from -1.2%, e gdp to 2.5%, and for me this suggests that today there are such multidirectional trends in the economy that are used to model the situation, that they give in such a short range quite different situations, therefore, to predict, finally, years, or there on some kind of medium-term perspective is quite difficult, so far, what the united states is saving is the continuing rather high demand for labor after the covid , with which there are really problems and there are really record low unemployment rates and ongoing growth there in the construction industry, for example, housing construction. well , nevertheless, if we look at the conventional industry, then there we are, after some burst of activity of such rapid growth. at the prices that are currently available for energy resources. still not we also observe the number of drilling rigs. in the respective places where e is mined in the usa, th

. >>> and the federal reserve issuing more guidance for banks involving cryptos. regulators telling firms they need to make sure there are systemsn place before taking on the digital assets to make sure they don't threaten safety and consumer protection given the volatility the banks should notify the fed before engaging in any crypto-related activity, and any banks that jumped into the crypto space should notify the fed about their involvement. so far, wilf, a lot of banks have been cautious about that. if you try to trade on your bank's platform, they really don't let you do that. >> absolutely. interesting you put in one of the elon musk stories there. i know we're going to cover the other one, which is my favorite one of the morning at 5:30 i look forward to that discussion until then, bertha coombs, thank you so much. >> never enough musk. >> retail providing fresh momentum, suggesting an easing of negative sentiment, but that momentum facing fresh questions out of china and u.s. manufacturing figures as well. let's talk more about all of this with chuck self, chief in vestment strategist. good morning to you. >> good morni

system. >> in some ways, i think a fateful day ushered in the modern era of the federal reserve crisis managementnk it was a problem before the global financial crisis, the smartest people in the universe worked at goldman sachs and morgan stanley and if they were so smart, how could they get into trouble? >> there was not one stock, a series of shocks. a pandemic, a policy shocks, and the war. >> if i were to point to one thing is a culprit for the fed making the inflation forecast mistake, i would think it would be mainly institutional groupthink. >> mmt approach you described, if the fed is no longer independent, it falls on the fiscal authorities to control inflation. dani: some leading voices there on the mistakes the fed has made and not made over the years. that is the subject of today's big take. bloomberg writes that while the fed has made disastrous mistakes in the past, it is able to adapt to changing situations by learning lessons from history. for more, let's bring in michelle. in this piece, we have bloomberg economists raining -- economists rating concern. what is the sum of their

the kinds of things that the federal reserve is doing which is raise interest rates and make it harder to buy credit finance activities. pull money out of the financial system to reduce liquidity and tighten financial conditions. that is pretty much a bad news scenario when the person is no longer buying a house, can't get a new car, there is no demand for your products, that's very attractive period what can congress do? cut spending or raise taxes. neither of which is a lot of fun. the notion that there will be some great thing that they can agree on is overstated from the outset. no one likes the things you have to do to fight inflation. so probably the best thing that congress could do is think about how can we make sure we don't get in this position again. let's not do the things that put us in the position to sort of push inflation. part of that was excessive stimulus in the rescue plan. it was just a big pause here. i don't see a divided congress making that mistake. i think they would check that so that is one thing they will do. addition by subtraction. second thing they can do, they can have some sort of honest conversation about the climate strat

federal reserve properly i think kept the dollar stable. you had episodes of inflation. basically we were under the old dollar gold exchange system. in the federal reservee principally did a pretty good job on that. but anytime the fred fed tried to tighten the economy had no other outlets. again it was so tightly controlled by high taxes and regulation. those are really important issues. i could many wonderful qualities, general eisenhower, president eisenhower, economics was not one of them. it just was not one of them. there's a long story thereto, his top advisor was doctor burns, one of them. burns advised nixon. push the ball down the road during the reagan years, burns was ambassador to germany under reagan and a very good ambassador in his later years. he and i became very, very friendly he became somewhat of a mentor of mine. agreed i had a point about lowep tax rates, he opposed it throughout all of those years eisenhower,ow nixon, but he saw them work during the reagan years. so anyway there were three recessions under ike. this is what gave kennedy a step up in the election. he ran as the growthh guy. nixon did not deal

federal reserve is trying to engineer. it's very hard to do. >> in most recessions, you don't have a soft landing. the fed tightens and jobs are lost, companies reduce hiring plans and shrink. the financial system are more jobs and more people to fill jobs. >> constantly people are hearing about how bad things are. how much attention should they pay to what the federal reserve does, what the gross national product is, when they're making financial decisions? >> it is very important to pay attention to it. what the fed is doing is trying to beat back inflation. by raising rates, it's going to cost you more if you need a mortgage. it's going to cost you more for an auto loan or credit card debt. >> how did we get here? do you think we're in a classic economics 101 moment, or is the current situation with the economy the result of the pandemic, supply chains disrupted because of the pandemic, or are those the same thing? >> 50 years from now when they write about the history of the period, they'll put it in its place and it will fit nicely and neatly in a pattern. where i'm sitting now, it seems quite different. we shut down the economy. people were kept out of their jobs. it was like we shut off

federation has almost no allies and it uses these endless reserves from the time of the soviet union of this old junk including missiles because this war is not only of artillery but also of missile systems the enemy himself very effectively uses missile strikes to damage military or other infrastructure facilities, and we can assume that the enemy is alone in the confrontation with ukraine, which is supported by the democratic world. and you , the democratic world, made a decision after seeing that the ukrainians are capable to defend their land did not behave like the afghans who simply laid down their arms in front of the taliban, who were simply smaller at times, but it so happened that they did not oppose the ukrainians , and the doctrine of resistance is desperately taught every day of this opposition to russian aggression, which allows the west to make a decision to invest not only material means, not only politically, but also practically, but not by supplying us with weapons, and these weapons really now significantly strengthen the capabilities of the ukrainian armed forces, e.e., conducting hostilities against the russian federation in the mykolaiv oblast the m-3 poltava works

system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> this is bloomberg markets. we have three federal reservefficials and the one powerful message. just one priority remains to bringing down inflation and there is still a long way to go. the fed said they would pivot and start finding recession but what did they say exactly and why? it was really a statement of intent. >> in my view, that has not changed. the fed has had one single message. what has happened is people in the markets, investors, traders have decided the economy is slowing down, there will be a recession. in fairness to many of those people, they have not been around long enough to look back to the 1970's and 1980's when they had to crush this. in terms of what they said and why, the president of the cleveland fed saying that there is more to be done, the economy isn't really in a recession. you need to bring down inflation so that is one set. then you have the president of the san francisco fed who is nowhere near being done with the inflation spike. we have made some progress. we have further to go. charlie evans is the presi

federal reserve or the fomc care about equities? mike: it depends. the fed does not really care about the equity markets going up and down. it is only when there is a systemic issue that the fed feels like it has to get involved. unfortunately, that has happened a lot in the last 20 years. the whole idea of the fed put exists. up to today, people were betting on that. i think what we are seeing is a lot of reaction in the markets to what is happening overseas. they have not been a lot of development in the united states. tings are looking bad for europe. -- things are looking bad for europe. we will get some voluntarily -- volatility. don't expect the fed to suggest it cares about the equity markets. but, they will -- powell will have to balance the idea of is there going to be a recession? you're looking at energy -- an energy crisis. how much of an emphasis does he put on inflation with the possibility of recession out there? guy: let me ask this question, mike, it is slightly tongue-in-cheek. does he listen to the equity markets? the equity markets listen to him? should the markets listen to him? the fed keeps getting it wrong. why do i care what this ma

system is working in this moment. >> kim wehle, phil mudd, gabby orr, thank you. >>> new signs that inflation may be cooling but the federal reservehe state of the economy next. they said it couldn't be done. because the big drug companies have billions of dollars and an army of lobbyists. but aarp has never run from a tough fight. they stood with their million members and said, "enough." enough of the highest prescription drug prices in the world. together, we forced the big drug companies to lower prices and save americans money. we won this fight, but big pharma won't stop. so neither will aarp. ♪ does it get better than never getting lost? ♪ does it get better than not parallel parking yourself? ♪ alexa ask smartfeed to feed the dog. does it get better than feeding your dog from 50 miles away? yes... it does. at buick we see a future that's even better. because the life enhancing innovations you've never even dreamed of? buick is dreaming of them every day. subway's drafting 12 new subs, for the all-new subway series menu. let's hear about this #7 pick, from a former #7 pick. juicy rotisserie-style chicken. you should've been

system. yeah, so there have been anti-conservationists. from the beginning of the of these public lands being reserved and retained by the federal government and i think that they're again they sort of pop up during different times. there was a big movement right after world war two there was a hope that a bunch of the land could be returned returned again to the states and most people most the critics of that movements that this isn't about that. it's about not supporting the conservation movement at all, and so was under trying to undermine that with the idea less of an idea of sustainability and more maximization of private profit to make it easier. um and the the polarization that we're all living through if we're adults we've seen this and we see it play on on conservation. issues where wildlife refuges are taking over by protesters or wilderness study areas are have roads carved into them to try to prevent them from becoming wilderness areas. and so it italy i think one's ones set of radicalism leads to another set of radicalism and these things sort of ratchet up and the i think the antidote to that. is hard work? it's sitting down

reserves to china. this administration is nuts. people in this country want to be naturally independent. it's a security issue. "new york times" could explain all they want but this is federalism. this is the system their founders set up to make sure we could push back against these agencies and these branches of government that are trying to seize more and more power and control. we've got to push back. i think that's what is on the line here. you look and see what is happening in washington, laura. the democrats are two votes away from fundamentally changing this country forever, federalizing our elections and adding states to the union, you know, packing the united states supreme court. they're playing for keeps. we have to push back with everything we've got to save this country. >> laura: yeah, republicans play along the edges and democrats go for the jugular. now, reuters is reporting that morning star chief executive caper said in a statement, sustainability introduces new choices for investors. morning star provides the data and the insights to help investors of all types weigh those choices in their decision-making. mr. attorney general, what are the objective metrics? isn't it the case