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Feb 17, 2016
02/16
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and then the house financi financial services and the other time gives a report, required by humphrey hawkins, that has us different from the european banks that is important and a federal reserve has a dual obligation. one is to combat inflation and the other is to fight unemployment. in europe it is only to try to restrain inflation and not restore unemployment. you seem to take the employment side of the dual mandate as serious as you took the inflation something other past chairs have not done. i would credit the co-chair taking it as serious, too. let me talk about the first time you and i and the cast of ten others had a sobering conversation. september 19th, 2008 you refer to the calls you need today make that day i guess to people like me. i got a call. i was in zanesville, ohio and got a call from the majority leader saying we need you on the phone at 2:00 with chairman ben bernanke and secretary pulson. this was before the 2008 election. bear sterns had been saved and lee man and fannie and freddie and things were about the hap n happen. i remember howsoever -- how sobering the call
and then the house financi financial services and the other time gives a report, required by humphrey hawkins, that has us different from the european banks that is important and a federal reserve has a dual obligation. one is to combat inflation and the other is to fight unemployment. in europe it is only to try to restrain inflation and not restore unemployment. you seem to take the employment side of the dual mandate as serious as you took the inflation something other past chairs have not...
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Feb 3, 2016
02/16
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CNBC
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yellen takes to the hill february 10th for the humphrey hawkins testimony and that's going to be verymportant because comments from dudley, comments from fisher are one thing. comments from the chair will seriously redirect the market and i think it's time to start talking about whether or not yellen doesn't quite pull the plug on rate hikes this year which is where the market is off the lows. shares down quite a bit after saying it's going to cut 15% of it's work force and explore strategic alternatives. david you talked to a number of turnaround ceos. me meg whitman comes to mind. she's the gold standard. how does marissa do? >> that's a difficult question of course and one that i think a lot of people judging from the stock price and at least evidence that i have received having spoken to a hand full of people in the brief time we have been off air it's not great but it may not be the interview itself. it may simply be the fact that so many people are still trying to understand exactly what is the path here at yahoo! because they're going down the path of restructuring the company
yellen takes to the hill february 10th for the humphrey hawkins testimony and that's going to be verymportant because comments from dudley, comments from fisher are one thing. comments from the chair will seriously redirect the market and i think it's time to start talking about whether or not yellen doesn't quite pull the plug on rate hikes this year which is where the market is off the lows. shares down quite a bit after saying it's going to cut 15% of it's work force and explore strategic...
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Feb 10, 2016
02/16
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CNBC
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part one of her semiannual testimony on the economy and monetary policy, otherwise known as the humphrey hawkins speech, before the house financial services committee. it starts at 10:00 a.m. eastern time. also on the agenda, the monthly federal budget statement from the treasury department is out at 2:00 p.m. and we're still in earnings mode. time warner reporting earnings before the opening bell. after the close, we'll hear from cisco systems, tesla, and twitter. janet yellen also goes before the hill tomorrow. often, the house is a lot more fun because the questions are way more politically charged. >> it is another example of how much she has to get in front of the media. >> steve liesman said it's been 55 days since she's last spoken. she's been quiet for a long time when the world has fallen apart. >> fair point. i stand corrected, mr. liesman. shares of disney tumbling after the media giant failed to ease cord cutting concerns. "star wars" helping the firm post earnings and revenue that topped estimates. but investors couldn't overlook a drop in profits. julia boorstin sat down with the c
part one of her semiannual testimony on the economy and monetary policy, otherwise known as the humphrey hawkins speech, before the house financial services committee. it starts at 10:00 a.m. eastern time. also on the agenda, the monthly federal budget statement from the treasury department is out at 2:00 p.m. and we're still in earnings mode. time warner reporting earnings before the opening bell. after the close, we'll hear from cisco systems, tesla, and twitter. janet yellen also goes before...
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Feb 10, 2016
02/16
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FOXNEWSW
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we're talking about negative interest rates and the humphrey hawkins testimony by janet yellen today. >>> more on that on the business network. >>> bernie sanders is already trying to chip away at hillary clinton's so-called firewall after his big, big victory in new hampshire last night. yesterday the thinking was if she can make it less than 10 points, maybe they can spin it into, how about 22 point? things you can't spin. sanders beat the former secretary of state by that whopping number. of course most polls had picked the vermont senator as the winner heading into yesterday's primary. but survey shows sanders could now face a very tough fight as the campaign shifts to the rest of the country. most political analysts have said that they expect secretary clinton to score well among minority voters in the next two contests, in nevada and south carolina. let's continue team fox coverage. ed hen try's in manchester still this afternoon. we just got some big news from the sanders camp about the fund-raising frenzy, $2.6 million. wow. >> $5.2 million they raised overnight. they you know
we're talking about negative interest rates and the humphrey hawkins testimony by janet yellen today. >>> more on that on the business network. >>> bernie sanders is already trying to chip away at hillary clinton's so-called firewall after his big, big victory in new hampshire last night. yesterday the thinking was if she can make it less than 10 points, maybe they can spin it into, how about 22 point? things you can't spin. sanders beat the former secretary of state by that...
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Feb 12, 2016
02/16
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CNBC
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the rate environment is decreasing for banks, and now there's a discussion on humphrey hawkins aboutegative rates. >> honestly, it doesn't matter very much. the banks now greting 50 basis points on their reserves at the fed until december 15th they were getting 25 basis points. if it goes to negative 25, that's not a very big impact on the bank's income statements. unfortunately i think the real damage that negative interest rates have on the sector is that it -- and on the economy is that it's a negative signal. if central banks are going to negative banks, that's a negative signal about their economies. i don't think it works for the u.s. for those reasons. >> the market is not giving it good judgment hart. david hilder, thank you. >>> coming up a closer look at one of the sectors that is up this year. don't go anywhere. ♪ >>> investors in utilities have had reasons to smile in 2016. they're positive so far this year. morgan has a closer look at that sector. >> for a second, i felt like i was at a wedding with that music. you could say the sector is powered up. the dow jones utilit
the rate environment is decreasing for banks, and now there's a discussion on humphrey hawkins aboutegative rates. >> honestly, it doesn't matter very much. the banks now greting 50 basis points on their reserves at the fed until december 15th they were getting 25 basis points. if it goes to negative 25, that's not a very big impact on the bank's income statements. unfortunately i think the real damage that negative interest rates have on the sector is that it -- and on the economy is...
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Feb 17, 2016
02/16
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CSPAN2
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and, chair yellen, i appreciated your comments at our last humphrey-hawkins and when we discussed the $50 billion trigger been used to determine when a bank is systemically important and openness to increasing the threshold and focusing on the flexibility that we need there. while congress continues to make progress on this effort and hopefully we will make some progress soon, you have previously noted that the federal reserve has of the authority and discretion on its own to tailor the application of these rules as they apply to systemically important designated banks. those covered by section one cv-5 of dodd-frank. my question is can you give some specific examples of the kind of tailoring that might be in the works as the federal reserve works on this and will that be relief fund testing and resolution planning? >> so we are, for example, actively engaged in reviewing our stress test in capital planning framework for the bank holding companies above $50 billion. and we are considering ways in which we can make that less burdensome for the bank holding companies that are close to t
and, chair yellen, i appreciated your comments at our last humphrey-hawkins and when we discussed the $50 billion trigger been used to determine when a bank is systemically important and openness to increasing the threshold and focusing on the flexibility that we need there. while congress continues to make progress on this effort and hopefully we will make some progress soon, you have previously noted that the federal reserve has of the authority and discretion on its own to tailor the...
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60
Feb 11, 2016
02/16
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CSPAN
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under the humphrey-hawkins act, it required the federal reserve chairman to appear before congress to give a statement on monetary policy. i don't think it's too much to meeting a year for the secretary of treasury to come to congress and state his or her opinion and view about the national debt and the administration's plan on how it plans to reduce the debt. a fact, this bill would be simple first step to addressing that problem. i urge the house to pass this bill and yield back the remainder of my time. the chair: the gentleman from texas yields back. all time for general debate has expired. pursuant to the rule, the bill shall be considered for amendment under the five-minute rule. the bill shall be considered as read. no amendment to the bill shall be in order except those printed in part a of house report 114-420. each such amendment may be offered only in the order printed in the report by a member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall
under the humphrey-hawkins act, it required the federal reserve chairman to appear before congress to give a statement on monetary policy. i don't think it's too much to meeting a year for the secretary of treasury to come to congress and state his or her opinion and view about the national debt and the administration's plan on how it plans to reduce the debt. a fact, this bill would be simple first step to addressing that problem. i urge the house to pass this bill and yield back the remainder...