jerome powell is nothing like that. jerome powell is what i sometimes call a bush republican. and conservative, but not a wild eyed conservative, not a laissez-faire conservative, understanding that you have to put some shackles on financial businesses sometimes. otherwise they will do crazy things. romaine: there is some criticism that he has left randy to do what he wanted and a certain cohort in washington did not feel that he was strong enough. you mentioned elizabeth warren as opposition. her dangerous comments from a few months ago. i am curious that if we do get a stronger pfister and we do get the three vacancies -- a stronger vice chair and the three vacancies, we might see the people are more stringent in their approach to financial markets. with that because powell to push back -- would that cause powell to push back? >> he tends to defer quite a bit. that is not to say that there is not an issue that will come up sometimes, where he will disagree vehemently. as you know, he voted against powell in the majority on any number of regulatory issues with ricoh appointme

as jerome powell— isn't it? it is. as jerome powell did _ isn't it? it is. isn't it? it is. as jerome powell did say, this - isn't it? it is. as jerome powell did say, this is i isn't it? it is. as jerome | powell did say, this is an unprecedented event and a lot of data that was around last year suggested it was transitory, it was driven by supply—side issues, bottlenecks, et cetera, that was responsible for a lot of the price rises, changes to the energy markets, oil prices above $80 a barrel, natural gas prices surging, they were saying a lot of this was transitory. what we have seen more recently and over a number of months now is that a lot of the inflationary pressures are not transitory anymore. things like labour market participation is lot lower. a lot of people have not returned to the labour market, creating tighter conditions, so wages are rising much more rapidly than we have seen recently, this is a more permanent inflation consideration anything that is one why the fed is saying a lot of the pressures were initially transitory but the spillove

i think the current chair lead by jerome _ us.nk the current chair lead by jerome powell will. us. i think the current chair - lead by jerome powell will have lead byjerome powell will have a long conversation today and i think they will be focused on not the tapering, which they will be done with by march, and the big question will be do they start raising rates immediately at the next meeting, will they announce that today, that they will be doing that? i don't know the answer to that, but i suspect that they will at least have some discussions along those lines as they try and catch up. they are a little bit behind the curve on getting rates up to take care of the inflation, so i know there will be a lot of pressure on them to do that. just to get your take on how effective increased interest rates will be in this current scenario we are in, because of course inflation is at 7%, that is extremely high, will putting up is extremely high, will putting up the cost of borrowing really have the effect of ringing it down? , ~ , down?

jerome powell kept going back to the _ well. jerome powell kept going back to the statement - well.that - well. jerome powell kept going back to the statement that this i back to the statement that this is not much different economic expansion than the one the us had last time in the last few recoveries. he thinks it is a lot stronger today in the labour market is we have seen in the us in a0 years so he thinks that may take a little more monetary medicine to rein in inflation. i think it is a little tricky right now. we�*re going to come out very strong in the fourth quarter, we think, be over 7% gdp growth and in the first quarter things will slow down a lot. we are in receipt seem a services spending, slowing down, things like restaurant biz visits and travel and tourism coming down so we could slow to 1.5% gdp growth the first quarter but we are confident that the consumer and economic growth will rebound in the second quarter as long as we get past this omicron variant search. thank ou omicron variant search. thank you scott _ omicron variant search. thank you scott for _ omicr

(jerome hudon) it's one of my favourite places to have lunch, yes. (ariel v.dia) almost two years ago. - our anniversary is on the 21st of this month. - the last two years have been rough, but we're getting by. (ariel v. verdia) there are many challenges when you open a private business here. the major problem is the lack of resources. getting the goods and materials we need. permits are easy to get and imports are affordable, but buying the basic staples on a daily basis is a real challenge. we have to be very creative with what little we have. (ariel v. verdia) making a papaya daiquiri or a drink with any other local fruit we have at the time. or making a sandwich with cheese from a small farm rather than industrial cheese. certain ingredients are hard to find. - yes, we can't find many products. - absolutely! we always offer a dish of the day! we'll have the ingredients to make a dish one day, but not the next. - so, let's say we have corn, we'll cook a dish with it. the next day, if we have plantains, we'll make tostones, plantain chips. (ernesto pardo) yo

and i received a facebook message from jerome _ received a facebook message from jerome.you had no idea that you had a brother _ cool! and you had no idea that you had a brother out _ cool! and you had no idea that you had a brother out there? _ cool! and you had no idea that you had a brother out there? well, i cool! and you had no idea that you had a brother out there? well, sol cool! and you had no idea that you i had a brother out there? well, so my mum was like. _ had a brother out there? well, so my mum was like, she _ had a brother out there? well, so my mum was like, she had _ had a brother out there? well, so my mum was like, she had inklings i had a brother out there? well, so my mum was like, she had inklings thatl mum was like, she had inklings that i mum was like, she had inklings that i had _ mum was like, she had inklings that i had other— mum was like, she had inklings that i had other siblings, but she wasn't entirely— i had other siblings, but she wasn't entirely sure. so ijust thought that was— entirely sure. so ijust thought that was like a part of my

now fed chairman jerome powell addressed fears that are rate hike would hurt the job market. i think there's quite a bit of room to raise interest rates without reading the labor market. this is by so many measures historically tight labor market record levels of job openings of quits. wages are moving up at the highest pace they have in decades now against corta. r corresponded in new york joins us now. yeah, and this was a highly anticipated meeting. what is your take away from what we've heard from from power and the federal reserve here? well, chelsea, i would say what was most surprising. it's how often jerome paul, especially during the press conference repeated that we're almost seeing max employment. so almost full employment here in the united states and that inflation is hotter than the federal reserve firm had expected for quite some time. and so that did sound a bit more aggressive than some market participants. some actually expected. tim, if you look at it overall, i mean the united states is expecting growth of about 4 percent this year in general, that is pret

jerome, where are your gloves?lly notre dame. >> reporter: betts left notre dame his junior year for the nfl. 1993 first round draft pick for the los angeles rams, he became a power running icon with the pittsburgh steelers, a six-time pro bowler, walter payton man of the year, super bowl winner. but not a college congratulate graduate why is it so important to get that college degree. >> one, that i complete the task at hand. that is what i wanted to do. also i promised my mother that i would get my degree. but most importantly, i have two children for them to see dad finish a commitment i think it says a lot to them. >> are you a better student at 49 than you were at 18, 1 or 20? >> i am a much better student 49 because i want to learn. i want to know all this information. >> reporter: in his business, trucking, staffing, development and marketing companies. as well as a tv personality during the nfl season. >> this week, this is only thing that counts. >> reporter: 27 years later, bettis's football scholarship i

powell lisa:. -- we heard from jerome powell. lisa: the fact that they have not taken it off the table is interesting. it is not going to happen. jonathan: they have not taken 100 basis points off the table either. it is the media question du jour. it is not like last time around. tom: how did you do during the blizzard? jonathan: how did i do? i've seen the snow before, t.k. i went for an alpine trek along canal street. counting down to payrolls friday, this is bloomberg. ♪ >> u.s. senators are close to agreeing on a russian sanctions bill according to bob menendez. the measure could include penalties even if vladimir putin does not venture into ukraine. north korea has added to the largest missile tests since kim jong-un took power. according to a japanese spokesman, the missile landed outside of japan's security zone. bostick said his prediction that the most likely scenario is three quarter-point increases this year. in china the manufacturing sector is losing steam. a seasonal slowdown, covert outbreaks and a decline in the

we've heard jerome powell talking a lot about the job market, not undermining the job market. but is that really a risk given that unemployment was below 4 percent and december? i mean, the more you increase interest rates, for instance, are the more likely it could be that you might start to recession and that could actually put pressure on the labor market. but overall, if you look at current statistics, we're for an unemployment rate of 3.9 percent. that is a very close to the 3.5 percent that we've sold before the pandemic hit and that so those 3.5 percent, or the lowest unemployment rate in about in 50 years sir. but clearly those statistics do not show you the entire picture. we are still shy about to, to a 1000000 jobs in comparison to a pre pandemic level. the participation rate and the labor market is a pretty low. but i would say at this point, we also have some structural issues. why we're not a 100 percent where we used to be on the labor market before at the pandemic a started. so i would say was a monetary policy. you will only have a limited effect on the labor

but then when jerome paul started to prep press conference, that's when the stock prices started to drop at some points. blue chips were down by about to 300 points. so that's a point swing of more than $600.00 points during the trading and session. i mean, if you look at it historically, when we are in phases of rising interest rate, that has often been a pretty good time for stocks because the reason why the federal reserve is increasing. great. because the amount calling me is a strong and not a weak having that set. and that's going to be one of the big questions that the u . s. economy especially also the stock market has been on the rise so strong in the past couple of months in the past, almost 2 years is mainly because of all the stimulus measures from the us government. and because of the ultra cheap monetary policy of the federal reserve, and if those 2 pillar, so to speak, are taken away, we have to see how markets and how the economists react. that maybe one final word we shouldn't forget. it's not due to the federal reserve to make their stock market happy, and they have to

can jerome powell change a game today? jonathan: this market has done a ton of work year-to-date, since this middle of december. bond yields up 30 basis points, nasdaq down more than 13%, credit spreads are wider, and financial conditions are tightening. it is far too early to tell that story yet. tom: a quick opening on radio and tv to get to bob michele of jp morgan. i want to go to the basic ideas. i say that this will be usually choreographed. do you look for surprises? jonathan: i think we are always looking for surprises. when it comes to these numbers you have to be careful. deutsche bank, these numbers are getting lost in the conversation. we are having a conversation about $1 trillion balance sheet reduction in 2023 and half a trillion in the back half of 2022. we haven't done this at this kind of level from this kind of size on the balance sheet. what is it mean for this? does the fed know? i don't think anybody knows. tom: what matters to me is he said earlier the great slowdown of the american economy. to me th

could help slow down inflation, which is running at its fastest rate in for decades. fed chairman jerome powell addressed fears that a rate hike would heard the job market. i think there's quite a bit of room to raise interest rates without reading the labor market. this is by so many measures historically tight labor market record levels of job openings of quits wages are moving up at the highest pace they have in decades. so how did those go down with the financial markets are corresponding against quantum half the details are well, it was actually pretty strong reaction initially before the meeting ended to blue chips were up by a good to 300 points, then we got the end of the fed meeting, nothing major happens, but then when jerome paul started to prep press conference, that's when stock prices started to drop at some points. blue chips were down by about to 300 points. so that's a point swing of more than $600.00 points during the trading and session. i mean, if you look at it historically, when we are in phases of rising interest rate, that has often been a pretty good time for sto

this is how jerome powell has explained that he is thinking about the labor market.athan: carl riccadonna of bloomberg intelligence. i don't think abramowitz bulls does not work as well as abramowitz bears. it doesn't work for me. lisa: they do exist. they're looking around the corner for what they could be missing. bullish in which capacity? i don't think we are headed into a recession this year. you just have to look around the corner. jonathan: let's get serious about the inflation story and pick up on the words from carl. even if you are the most dovish policymaker at the federal reserve, one thing you are worried about is higher inflation expectations becoming more embedded. you speak to anyone in any long-term negotiation, they will be looking for where core inflation is and headline inflation is. that is the issue that even the most dovish policymaker on the fed has right now. that is the concern they have. even if you believe everything we have seen and belief everything about supply-side constraints, that will be a number one issue. the number one worry is t

. >>> on another note, jerome bettis, a pretty good football player in his own right, an nfl hall ofee with the rams, he ended his career with a super bowl ring, but the bus has another achievement that he is working toward now, his bachelor's degree. bettis left the university of notre dame before his senior year to enter the nfl draft. 25 years later, he's ready to finish what he started. >> first day of school. just getting on campus. it is cold as ever. but i'm excited. and here we go. here goes nothing. >> so joining us now is hall of fame running back and i guess we can call you college senior, jerome bettis. >> yes, that's accurate. college senior. >> so tell us about why you made this decision. i think it is wonderful. >> well, it was -- it was a long time coming. it was something i had promised my mother a long time ago that i would do it, and now having children, i've got a daughter, jade is 16, son jerome jr. is 14, they're watching me and my wife and i discussed it and said, you know what, it would be a great thing to get done, not only for myself, but for my family as we

. >>> fed chair jerome powell is making his case for a second term. he is stepping down. details on the controversy that is swirling around him. (phone) ♪ ♪ ♪ ♪ ♪ ♪ ♪ (music quieter) ♪ (phone clicks) ♪ ♪ nicorette knows, quitting smoking is freaking hard. you get advice like: try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette some of my best memories growing up, were cooking with mom. she always said, “food is love.” so when she moved in with us, a new kitchen became part of our financial plan. ♪ i want to make the most of every meal we have together. ♪ at northwestern mutual, our version of financial planning helps you live your dreams today. find a northwestern mutual advisor at nm.com narrator: on a faraway beach, the generation called "our greatest" saved the world from tyranny. in an office we know as "oval," a new-generation president faced down an imminent threat of nuclear war. on a bridge in selma, alabama, the preacher of his time marched u

row the market climbing off the canvas this time from a subtle nudge from federal reserve chairman jeromeowell. but under the hood where we've seen unmitigated damage. can the market heal itself as the fed removes the punch bowl? i'm personally licking my chops. investors are getting the short end of the stick today. i will ask my market pros for great opportunities. remember president nixon tried price controls to cush inflation. well, it didn't work. biden and company are talking about producing more goods. does that mean they will go out to make cars themselves? poor policies, rampant crime, loss of the nuclear family. why great american cities and households are in trouble. i with ask don peebles and carol roth what it means for the future of our nation. all that and more on "making money". charles: got played? it has been a rough year, right since 2022, even with today being up. really let's face it, the carnage has been building for months while it has wall street debating investing styles, value versus growth, there is a whole lot of individual investors wondering if it is even wor

jerome powell is scheduled to speak in about 30 minutes. joining me is senior business correspondent and msnbc anchor stephanie ruehl. so steph, raising rates in march signaling very clearly, so they don't shake the markets, what's it going to mean? >> well, listen, we're going to get a rate hike most likely in march, and we've been expecting this. all sorts of analysts have been saying it should have happened already, and why. we know we are clearly in an economic recovery. when rates are at zero, that's when the economy needs help. that's when businesses need rates low so they can have a better, easier time borrowing. they've got to do something because inflation is so high, and so while they say the biggest risks are covid variants emerging in the coming months, one of the biggest problems right now is inflation. they'll raise rates come march and hopeful loy over time that will slow down the fast pace of prices going up. no one is happy and a politically difficult situation for biden. >> what else is the fed or did they announce or migh

also markets today very focused on that hearing, jerome powell speaking later. hello. across the uk behind this cold front here, which is only slowly pushing southwards. so we've still got quite a lot of cloud around. the cloud and drizzle will slowly clear southwards through the day, so a reappearance of sunshine from the north, but some of us will hold onto the cloudy drizzly conditions all day in the far south. so we start off with quite a contrast in temperature, mild towards the south, but temperatures a few degrees either side of freezing first thing for scotland, northern ireland and the far north of england as well. this is how tuesday is looking then — you can see the clearer skies for much of the uk as this band of cloud and drizzly patchy rain sink south. a bit of mist and murk particularly around coasts and hills for southern england and south wales too, lasting all day. but mild here, 10—11 celsius, in the clearer, sunny skies, between about 6—9 celsius, a few showers just rattling in across the north and west of scotland. through tuesday evening and overn

let's get the read as we sort of get a better sense what jerome powell's intentions with the economy. he says he will not let the inflation grass grow under him so he telegraphed a lot of big moves here. hasn't really been more specific than that. again, jamie dimon and others are estimating at least four rate hikes this year. jamie dimon for his part would like even more than that. go to edward lawrence at the white house with more. reporter: what might have brought the markets back a little bit, the fed says they believe the supply chain issues you will work themselves out this year. this is the renomination hearing. renominated fed chair jay powell for a second term. he is expected to sail through the hearing but what he also did signal they will be more aggressive with the tightening and multiple rate hikes. listen. >> over the course of this year return to normal supply conditions. that is going to affect our policy. i will say though, if you know, if we see inflation persisting at high levels longer than expected then we will you know, then we'll if we have a raise interest rate

jerome adams i want to brag on you a little bit.hing with the pro-football hall of fame and you want to expand access to mental healthcare not only for current and former players but their families and general public. there you can see the phone number and the website where you can get information right there on your screen on getting mental health help that's right for you or someone you know in need. your last quick thought. >> my quick thought is it's okay not to be okay. we need to understand mental health is just as important as physical health particularly in the pandemic. if you need help ask for it. we're working with the hall of fame and former nfl athletes to make the resources available. top notch care for people who want to get substance abuse treatment and want to deal with their mental health, anxiety and depression. >> harris: some need help with the head injuries and some of them do. i know it gets chippy at times since we look at race and ethnicity. worth getting into it. >> it was. >> harris: i talked to a lot of b

i would not want to be jerome right now. >> i wouldn't want to be jerome powell or any central bankerree decades. this is the trickiest environment i've ever seen. there are so many factors in play. usually when you think about a rate hike, there are one or two factors. now we have everything. wage increases, supply chain issues and we have potentially a slowing global economy. it will be a very tricky year. buckle in. >> all right. thanks so much. >> thank you. >>> after weeks of horrific gun violence, new york city's new mayor is bringing back a controversial police unit which is making some people nervous. that's next. designed to last. so you can go from saving... to living. age-related macular degeneration may lead to severe vision loss. and if you're taking a multivitamin alone, you may be missing a critical piece. preservision. preservision areds 2 contains the only clinically proven nutrient formula recommended by the national eye institute to help reduce the risk of moderate to advanced amd progression. "preservision is backed by 20 years of clinical studies" "and its from th

federal reserve chair jerome powell blames a lack of supply. people want to buy cars.can't making more cars because they know semiconductors to fight inflation. powell says the fed plans to end asset purchases by march and raise interest rates throughout the year. >> but republicans say that may not be enough. >> i'm concerned that the fed missed the boat on addressing inflation sooner. a lot of us are. powell admits the feds predictions about inflation or cooling off. >> the economy. what they really mean is making it harder for people to find jobs and stopping paychecks from growing. and we know how this goes. the cooling off never seems to extend to corporate profits. are executives pay instead, brown wants to see fixing supply problems remain. the government's primary focus in washington. alexandra limon. coming up, the next red cross or the red cross has declared a crisis summit nationwide. blood shortage. >> we have information from a local nonprofit and the call to donate blood. >> and president biden in a key battleground state today. how his administration is

the administration, president biden passed buck to jerome powell. raise rates now, we don't care what happens to the stock market but as you can see it starts to worry investors. >> yeah, inflation playing a long-term hit, short-term hit. every investor trying to figure out what that means to the p-e ratios in terms of what every tech stock is going, how they are going to perform. there are ate is tech stocks that will do better than others. we see that in enterprise cloud plays. these are areas that will survive this. right now it is readjustment, we're in correction territory. everybody is worried what that might mean. will it be a 10% correction, 20% correction, or where we are sitting at near 52-week lows? that is the calculus and refactoring everyone is dealing with now. jackie: michelle, you see the big swings, 1000 point intraday moves. we haven't seen that in a long time. that starts to spook the markets. the fear kind of builds, grows builds on top of each other. you think about the fed, the options it has, we'll pulltrigger, raise rates de

as jerome powell pointed out yesterday in his comments.e the second half of this year. everyone i've spoken to say, nope. and guess what? the prices are sky high to actually get these containers to the u.s. let me show you the container freight rates. this is the latest i've got from the baltic index. globally, those rates are up 140% year-over-year. asia to the u.s., west coast, 250% gain, and asia to the u.s. east coast here up 184%. with those kinds of prices, don't expect any inflationary relief anytime soon. ultimately, the companies who are having these goods shipped have to pass on those extra costs to the consumer, and that's the reality. liz: exactly. yeah, exactly. labor costs, a huge part of the inflation that we're seeing. ashley, thank you very much. ashley webster live at the port of savannah. >>> we've got some major shareholders at kohl's expecting great things as they consider a buyout offer of $9 billion. charlie gasparino says those activist investors are getting guidance from one of the most famous names of all time on

host: we are going to show you a little bit from jerome powell. he basically gave an assessment on the economy. while you are doing that, we will play you what jerome powell said about the economy and get a perspective on it. >> economic activity is on track to expand at a robust pace. aggregate demand remains very strong. the rise in covid cases in recent weeks along with the emergence of the omicron variant pose risks to the outlook. notwithstanding the effects of the virus and supply constraints, fomc continues to see rapid growth. the median projection for real gdp growth stands at 4% next year. admit improving labor market conditions, the economy has been making rapid progress towards maximum employment. job gains have been solid. the unemployment rate has declined substantially since our last meeting and reaching 4.2% in november. a recent improvement in labor market conditions have narrowed employment across groups especially for workers at the lower edge of the wage distribution. labor force participation showed a welcome rise in november

jerome. good reason, frankly, i don't really understand what it is all about here, because the president, putin living among angela, especially in the latest years, has been given a priority to strangler in russia. sovereignty give her a sweet, see the russian sovereignty and that of many arthur beliefs are usually breads. have their own independent bulus see under attack of good from the west. do grows a hybrid attack as their appeal to day or volume, those out return where you and all your bronze or direct military deterrence. we have spoken about fresh anita relations and loan. now, it's about information with taxes 1000 in the used shelves, just the bookmarks of unscrupulous and useless look was away when mercury, few machinations, studied snow views are soft power. angie, owes directly financed by this date and many author message. while you'll know a little more of the concept, i guess such concepts. so both it's good war, agony, your hood and mix them. nord lot of see it with some coun

federal reserve chair jerome pol has based congress where he thought drilling on factors from inflation to the supply chain straight ahead will bring you all the developments from the hearing flaws. vic coins bear market rages on is some forecast, is, are flipping on their $1.00 to $100000.00 projection. we take a comprehensive look at what it means for the developing sector. and the world's largest trade agreement is coming together as some of the biggest players in the asia pacific region are participating. we'll dig into those details, gotta packs out today. so let's dive right in and we lead the program with the state of the world's number one. economy is federal reserve chair jerome powell, testified tuesday in front of the senate banking committee. now during the confirmation hearings for power, 2nd term as bad share, he was pressed by centers over plans for tightening of monetary policy. after a year of downplaying ramp inflation as a transitory effect, paula addressed the impact of rising prices. we know that high inflation exact toll, particularly for those less able to meet th

number one, economy is federal serve chair jerome pow, testified tuesday in front. the senate banking committee during the confirmation hearings for power 2nd term as bad share. he was pressed by centers over plans for tightening of monetary policy. after a year of downplaying, rapid inflation as a transitory effect, paul addressed the impact of rising prices. we know that high inflation exacts a toll, particularly for those less able to meet the higher costs of essential is like food, housing, and transportation. we are strongly committed to achieving our statutory goals of maximum employment and price stability. we will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched. consumer prices have been rising over the last year, surging 6.8 percent in november. the highest rate since 1980 to the labor department will release december's numbers this week with expectations of inflation rising by 7 percent from the year prior. now while the central bank has started to pull back its quantitative easing, th

jerome adams will join us on that.d of at the budget at this point. >> used to pay, you know, $100, $150, now you are getting out of the store for 200, 225. >> sandra: sky high prices hitting consumers where it hurts. and we'll speak to the c.e.o. of a grocery store chain, how he is handling all of this with a smile. >> vo: my car is my after-work decompression zone. ♪ music ♪ >> vo: so when my windshield broke... i found the experts at safelite autoglass. they have exclusive technology and service i can trust. >> singers: ♪ safelite repair, safelite replace. ♪ i brought in ensure max protein, with thirty grams of protein. those who tried me felt more energy in just two weeks! (sighs wearily) here i'll take that! (excited yell) woo-hoo! ensure max protein. with thirty grams of protein, one gram of sugar, and nutrients to support immune health. dry eye symptoms driving you crazy? inflammation might be to blame. time for ache and burn! over the counter eye drops typically work by lubricating your eyes and may provide tem

chair jerome powell's confirmation hearing. wednesday, chinese and ups cpi figures.e also get the fed's base book released. -- beige book released. we are hearing from president biden's vice chair. friday, it is all about the banks. wells fargo, citi, jp morgan release earnings. the cash market might be closed for bonds, but we have to look at this future. we are looking at futures down again this morning as we consider what it means for liquidity to disappear from these markets. manus: absolutely. we are getting ready for the highest reading on cpi since 1982. and that could be the next leg in at the unseating of the bond market. that is, if you believe that inflation has not yet popped out. -- topped out. dani: bloomberg markets europe is next. this is bloomberg. ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get fo

one that was shot at 40 times as he crossed at the border village of pan moved jerome. and neither that came across, this is in 2070 another. they came across in 2017, made it all the way to a south brain guard post and turned himself in knocking on the door of a so the green guard post. okay, thanks for that. i update on the incredible story. frank smith reported from sol, sketchup speed now some of the other stores making use around the world. a major fire has broken out in the south african parliament building in cape town. fire fighters were struggling to control the fire and the roof of the building. witnesses also reported cracks, appearing in its walls. there still no indication of what may have started the place. the european union wants to label some gas and nuclear projects as green investments. nuclear power plants investments could count as environmentally friendly if there are detail plans for disposing of radioactive waste. safety france has taken over the 6 month presidency of the european union and a difficult time for the government in paris. total coro

but then when jerome paul started to prep press conference, that's when the stock prices started to drop at some points. blue chips were down by about 300 points. so that's a point swing of more than 600 points during the training session. i mean, if you look at it historically, when we are in faces of rising interest rate, that has often been a pretty good time for stocks because the reason why the federal reserve is increasing. great. that's because the amount call me is a strong and not a weak having that set. and that's going to be one of the big question that the u. s. economy especially also the stock market have been on the rise so strong in the past couple of months in the past, almost 2 years is mainly because of all the similar measures from the u. s. government. and because of the ultra cheap monetary policy of the federal reserve, and if those 2 pillars so to speak are taken away, we have to see how markets and how the economy reacts. maybe one final word we shouldn't forget. it's not due to the federal reserve to make their stock market happy, and they have to look for price

rather i'll marty were killed in the worst unrest for 30 years because it sounds president, cussing jerome i took i if appealed to russia for help and moscow, that alliance is sending in peacekeeping troops. soaring fuel parses sparked the protest now in their 5th dyed european union, and the usaa calling for restraint. kazakhstan is facing its biggest political crisis since it split from the soviet union. what began is protests over the price of fuel has grown into a nation wide uprising against inequality and corruption. reports say dozens of protesters and police have been killed in violent clashes. the president is called for help from the collective security treaty organisation of 6 former soviet nations. moscow says the troops have been deployed on a peacekeeping mission to help the authorities regain control once seen as central asia most stable nation unrest in kazakhstan poses a challenge for their northern neighbors. or for res ashmore, what happened in afghanistan with the somewhat irresponsible behavior of nato forces, and the sudden decision by the us to withdraw its forces fr

once again, the feds jerome howell said it's prepared to accelerate interest rate hikes this year. the idea being that higher borrowing cost would lead to less spending and help lower inflation. a result, many american households are anxious to see. he ends quarter or correspondent joins us now new york. and these are some giant increases why have markets appear to have taken them in their stride. and clearly is a historic figure. i mean, just imagine that the biggest price increase since $982.00 that's been olivia newton. john was on top of the u. s. charts with the song, a physic health. so clearly a lot of things have changed since then. but for once, i mean the 7 percent a year over year, a price increase was precisely what wall street expected. and we already in the did see quite an impact on that in the past week. and then there was a little bit of the fence, at least on the wall street that we might be either at or close to peak. so prices will say elevated, especially when you compare it to a good 2 years ago. but slowly, they might be easing a little bit. so that's at leas

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that's according to testimony from federal reserve chair jerome powell, on tuesday in front of the u. s. senate. the fed will consider additional interest rate increases this year on top of the 3. it already has planned and 2022. if consumer clients prices continue to climb. we know that high inflation exactly toll, particularly for those less able to meet the higher costs of a central's like food, housing, and transportation. we are strongly committed to achieving our statutory goals of maximum employment and price stability. we will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched. now yes quarter our correspondent in new york joins us for more years. pow husband insisting for a while not that the fed was going to move very cautiously and moving and pulling back the stimulus. why a few changing his to now? yeah, well i mean, you don't always get what you want. the problem is that those inflationary tendencies seems to be lasting much longer and are more elevated than the federal reserve side coming in the past co

the measurement jerome powell will have to make. i said in the last hour we may see a record number of statements from the chairman where he literally reads in the press conference off of the script. jonathan: we spent the last month trying to out-hawk each other. lisa: the bond market lead this. we saw the bond move before the hawkish and re-hawkish assertion. how much is the stock market waking up to what was experienced in the bond market and how much can the fed do to push the bond market further or talk down some of the hawkish-n ess we have been hearing? jonathan: three weeks and a little bit into the year and we are down 13% on the nasdaq. is that the objective? tom: i am not going to take part in that. the market matters to the fed but i don't think that they are working at the crazy three months. the day volatility we've seen. jonathan: this wednesday morning, good morning, up 64 on the s&p, one point 5% on the nasdaq 100, yields higher by basis point of 178 point 51. the dollar stronger, euro-dollar down to 11277. lisa: th

may look different according to fed chair jerome powell. we break down the comments with our guest, next. ts with our guest, next. >> i think they should go faster than the market. obviously it depends on how the economy evolves. my best guess is they needed to do at least four or five rate hikes this year. it would not surprise me if we get into and every meeting kind of cycle at some point. manus: william dudley there sing the federal reserve needs to be more hawkish, stem inflation. jerome powell said yesterday the central bank will prevent higher inflation from becoming entrenched. but bill dudley says they are not hawkish enough. what is pricing in the bond markets? that is the question. we turn to our guest. rates is your game, credit is your interest. we are teetering on the edge and this is what he has to say, you're on the edge and he goes on to quote winston churchill, teetering on the edge, this is not the end, it is not even the beginning of the end, but perhaps the end of the beginning. how would you describe seven days of trad

rates in march and wind down asset purchases. european markets also open with losses. fed chairman jerome powell said, rising prices and strong job growth make tightening necessary. higher interest rates make borrowing more expensive for both companies and individuals. now exactly when the u. s. might see relief from rising prices is still a big question. here's powell for. so there are multiple forces which should be working over the course of the year for inflation to come down. we do realize that the timing and pace of that or are highly uncertain and that inflation has persisted longer than we and than we thought. and of course, we're prepared to use our tools to assure that higher inflation does not become entrenched. our business work has under st. joins be in studio for moral this cassandra very parent that inflation is a big part of this decision. exactly. so rates were low to encourage people to spend during the depths of the pandemic. this was a way to keep people employed, especially in a consumer reliant economy like the united economy. go keep it going, keep people working, k

so that's a full called press 2 to fuse this crisis and anything that jerome you would decide what certainly not be the natural, but rather in consultation to sort of transfer that to context reveal looks with the european council on foreign relations, raphael, we appreciate your time and your insights tonight. thank you. art, let's take a look now. some of the other stories that are making headlines around the world. the european parliament has chosen a new president for better met. sola is a conservative wall maker for malta. she succeeds david cecily, who died last week. 43 year old is the youngest person ever to claim to the job. she's only the 3rd woman to hold the position in the parliament's history. british prime minister boys johnson have denied suggestions that he lied to parliament about a lockdown breaking party at his office. he says, no one warned him that it might violate strict coven 19 ruins. he's under growing pressure to resign over several gatherings that were organized by his staff findings from a government inquiry or do out as early as this week. several major airlines