i really do enjoy the work. >> thank you, chairman powell. >> thanks john, fred, peter. -- greg, peter>> i really liked the last question. and thanks peter and greg. i love the fact that we get questions from the students. i know you have invited your students to watch this event. i think this has been a great classroompowell, you view the ey economy, the fed, other important topics, so thanks to you for participating. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2021] >> c-span is live for the election testimony of benjamin haviland -- benjamin hovland. the hearing is being held as the eac recently approved guidelines for overhauling voter equipment standards in addition to the auditing of election results. the hearing expected to begin shortly. [no audio] just waiting for the house appropriations subcommittee to being there hearing with u.s. election assistance commission chair benjamin hovland as the eac approved guidelines to overall voting

greg peters, mike collins.n you surround the table you talk about the economy and the bond market. what is the outcome? what is the central view? nathan: our debate is focused on this inflation issue. we are relatively comfortable that inflation will probably move up a bit and will come back down. the 10-year treasury yield is likely to follow a similar path. where i think the big debate is, we are comfortable that is where we will end up. as we are along that path i think many of the markets may worry this is going to be permanent. the federal reserve, i think they will look through it. it is about the inflation outlook, the fed response, and what that means for treasury yields and credit. jonathan: fascinating. he just have to picture it. let's say the vaccine progress we have made holds. imagine this. inflation north of 2%, may be accelerating because of people re-engaging with the economy. gdp on course to have a six handle for the year end, and the fed saying we will sit it out, we will not do anything. to

jonathan: let's send greg peters an ib and see if his empire here -- see if he has a buyer here? he logged on. coming up, david malpass, world bank president. this is bloomberg. ♪ ritika: -- karina: the white house is targeting key states in regards to president biden's $1.9 trillion stimulus plan. the administration is focusing on 13 states, including ohio, pennsylvania, west virginia, arizona, and georgia. the effort is a dry run for an even tougher sales job on the next day millis package. china -- next stimulus package. china is shifting supply chains -- china says we plan to shift supply chains to other sources is unrealistic. mr. biden directed his staff to address shortfalls in semiconductor production. the shortage has idled production at some auto plants. meanwhile, questions are being raised about the infra structure americans rely on to process payments. for about four hours yesterday, federal reserve systems that execute millions of financial transactions a day were disrupted. it appears to have been some sort of internal pledge. the system processes everything from p

and thanks, peter, and greg. i love the fact that we get questions from the students. and i know greg, you have invited your students to watch this event. i think it's been a great classroom, to see how, chair powell, you view the economy, thing about policy, independence, -- think about policy, independence, really important topics. announcer: coming up on washington journal, john bailey

and thanks, peter, and greg. i love the fact that we get questions from the students. and i know greg, you have invited your students to watch this event. i think it's been a great classroom, to see how, chair powell, you view the economy, thing about policy, independence, -- think about policy, independence, really important topics. thanks to everyone of you for participating in today's event. announcer: with the biden ministration now leading the federal response to the coronavirus pandemic, follow the latest at c-span.org/coronavirus. search c-span's coverage of news conferences, as well as remarks from members of congress, use the interactive gallery of maps to follow the cases in the u.s. and worldwide. go to c-span.org/coronavirus. announcer: next, the house ways and means committee works on the 2021 budget resolution. members considered legislative proposals aimed at providing a comic relief to those impacted by the covid-19 pandemic. -- economic relief to those impacted by the covid-19 pandemic, like providing additional direct checks to implement, expanding an

peter we made sure to limit putting kids in cages. >> what is president biden doing for my small business? >> you nominate a woman to be the head of the small business administration. greg: i wonder if there goes over well in her free time? the c hello have you've been in contact with anyone suspected to have coronavirus in the past 14 days? >> as you know joe biden appointed me and i am a woman so he does appoint women. >> it's a yes or no question. >> question. >> a dozen eyes have to be a yes or no answer, john. just because i am a woman i don't need you to mansplain to me. i appreciate your work but the white house is going in a different direction. >> why? >> it's absolutely crucial to president biden that effort first in this kitchen is a woman. he wants all of his sandwiches to be made by women. >> what about your wife? >> she is a lawyer. >> if she's she is a woman she belongs in the kitchen. have you've been reading the story about the woman who killed her husband? to me what is crazy is its 2021 but you don't seem to understand that a woman can do anything a man can do. you know what else was shattered, the glass ceiling. it's not just for men anymore and that

greg peters joins us now. i think i'm cooler than tom brady, but your office banks this morning are something else and for radio listeners, this is so cool, it's great to catch up with you, sir. what does an investor do when apple borrows money below the rate of inflation? >> just go along for the ride. it was astounding, really. they were getting ready to pay off short-term debt and they used it to buy back shares, even though they are close to the all-time high. it really just speaks to the broader environment when interest rates are so low. the hurtle rate for these companies to issue is literally on the floor. there have been all of these forecasts for less supply in the corporate community for the last two years. i really don't see it subsiding and earnest anytime soon. i think the rates are too attractive for corporations to pass up. tom: on an institutional basis, how do you respond when a company states they are going to use the debt issuance for share buyback? how does it change the thinking of pruden