the chair of the fed jerome _ interest rates. the chair of the fed jerome powell - interest rates.ates. the chair of - the fed jerome powell said they the fed jerome powell said they are no longer forecasting a recession, but when he was asked about the economic trajectory, he said "i wouldn�*t use the term optimism about this yet". does the white house feel optimistic about the economy?— feel optimistic about the econom ? , ., . economy? yes, we do. frankly, we think the _ economy? yes, we do. frankly, we think the president's - we think the president�*s economic plan has been working very well. as i noted before, we have had extremely strong economic growth since the pandemic has begun. we have had currently the lowest inflation out of any of the world�*s leading economies so we have seen at the same time rapid job growth and declining inflation, which is a good combination and if you look under the hood at some of the other data about consumer spending, household balance sheets, business investment those data tell a good story as well. so we think, sitting here where we are now,

jerome powell said today — interest rates. jerome powell said today they _ interest rates. said,, i wouldn't use the term optimism yet. does the white house feel optimistic about the economy? house feel optimistic about the econom ? , ., house feel optimistic about the economy?— house feel optimistic about the econom ? , .. . ~' , economy? yes, we do. frankly we think the president's _ economy? yes, we do. frankly we think the president's economic - think the president's economic plan has been working very well. as i noted before, we had extraordinarily strong economic growth since the pandemic has begun. without currently the lowest inflation out of any of the world's leading economies so at the same time, we are seeing rapid job growth and declining inflation which is a good combination and if you look under the hood some of the other data about consumer spending, about household balance sheets, business investment, those data delivered stories well. we think sitting here where we are now, the american economy is in very strong shape and will be well to whether any sort o

host: you have been on before and you say jerome powell looks at a lot of data to determine these hikes. i figure he weighs them into what the fed alternately does. guest: one of the things we saw yesterday is that consumer spending rose, one of the things that helps keep prices rising. if prices go up and people pay them, maybe it encourages businesses to raise them further. host: consumer spending was one, also exports. can you give anything to that? guest: exports jumped a lot after they had gone down in a previous quarter, in the last quarter of 2022. that is an interesting sign about global growth, that has to do with the ability for spending abroad. it suggests there are still -- there is still demand abroad which bolsters prices. guest: our price about matters of the economy in light of these new figures if you want to ask her questions about the current state of it. (202) 748-8001 for republicans. (202) 748-8000 for democrats. (202) 748-8002 for independents. you can also text us at (202) 748-8003. jerome powell was in portugal yesterday, talked about the feds's 2% target and ga

jerome powell: we will be comfortable cutting rates when we are comfortable cutting rates. i don't think that is the issue. >> met us sales and forecast beat samsung -- meta sales and forecast beat. ♪ >> it is just the beginning of where we are and we are very excited for the potential. >> we have breaking news when it comes to the hong kong monetary authority raising its base rate to 5.75% following the federal reserve resuming rate hikes hikes by 25 basis points to take that fed rate to a 22-year high and leaving the door open to a future pause or rate hikes depending on inflation data coming through in the next couple of months. the base rate moves in line every time with the fed benchmark to protect the local dollar's peg to the greenback. with every day or morning after the fed, we are looking to hsbc, standard chartered because they tend to announce with changes to their base lending rates as well. shery: we are seeing the implications with u.s. futures looking like this early in the asian session after we saw a mixed picture in the regular session with the dow index

it was interesting watching the market reaction to jerome powell because it was very minimal. we got a bigger reaction from the bank of japan news it felt like. george: they raised rates and provided hawkish commentary. they left open their optionality and created a broad range of things they could do. they are very in tune to the risks guarding inflation and they certainly want to maintain the confidence of the market. they threaded the needle. the bank of japan surprised, pulled up the last anchor that has been holding down markets and volatility. you saw a cop in global yields but the baton is being passed from the fed to the rest of the world and japan has been the last to grab that baton and run with it. katie: do you think the baton is being passed? gargi: it is great to be with you both. outside of the central banks which were exciting, at least in japan, i think it was inflation data. i don't think there were hawkish or dovish. they were extremely pragmatic. they said data dependent. we are going to keep watching the data and go on a meeting by eating basis. i think fr

that fed speakers next week will reinforce the same message that jerome powell has been going on aboutinflation still needs to be beaten, and there is more work to do. that's why you are seeing treasury yields pretty high. 4%, 10-year will happen pretty soon. lizzy: we have logan later as well. we have seen the equity selloff worsening across asia. chinese stocks posting their worst day since january, what is behind that mark? mark: there seems to be a few bulls in the air here. the banking sector, particularly towards lending for chinese regions, the property sector once again is under a cloud. these are old things that are coming back again. just a general frustration that traders have been feeling about stimulus not coming through from china. there has been to some time that the chinese leaders are on the verge of giving more stimulus to the chinese economy. the data has been persistently weak. all those things coming together, and yet there is no sign that the chinese leadership is in any hurry to do anything about it. just people getting fed up with not seeing progress on that fro

jerome: i think what you're observing is the debate within the fed.st fed meeting that we had a consensus vote. there was no outliers in that regard. we might have the same thing in july even if we get a rate increase. i think you are having a healthy discussion of the destination. perhaps you are getting closer to the end of that rate hiking cycle. recognizing that the real question is not how much to tighten, but at what extent do the lags take place with tightening that has already occurred? that is the focal point of debate at this point, we might see disruptions that may elicit as the fed gets more involved -- more tightening process -- or perhaps less of a likelihood of cuts in 2024 and 2025 as the markets suspect. that is the culprit at hand. the thing to be reconciled between market expectations and ultimately, the fed's expectations of where they want and where they think inflationary expectations will reside. this cpi number tomorrow -- today in the u.s. -- is going to be important. and focused on that core number that is moving from 5.3 to

economy, jerome powell did caution there still making -- there still may be a long road ahead. the united states labor market remains strong and the consumer confidence index is at the highest it has been in two years. quick still ahead on al jazeera, the truth is out there. the u.s. congress is starting -- acknowledge her starting revelations about ufos. >> weather is largely set fair across much of australia. a lot of pleasant winter sunshine. high pressure in charge down toward the southeastern corner. the traveling man will make their way across new zealand. the high will topple a little further east. we have got some rain clipping the far south. rolling across the south, pushing toward adelaide and using across much -- easing across much of victoria. pushing toward new zealand. all of this as you make your way through the weekend. this is across a good part of japan, hot sunshine as well. conditions remain in place here. 36 celsius in tokyo. let's posted the southeast. this is where we have the making their way here, making landfall on friday. weakening as it does so in te

so it was jerome radney and james rado.ght, but and and those are the guys that then came along and hair. no, i don't want to talk too much about hair because i know that a certain group of you have hair as a presentation coming up and i'm going to, i don't want to steal anybody's fire but what is kind of. unique about the connection between off off and broadway is that suddenly suddenly broadway starts looking like the dinosaur or suddenly broadway is that is the silly like here's hello dolly right and off of broadway is the place where people are going for their real cutting edge innovation. now, this doesn't mean that broadway did not engage with vietnam. there were plenty of plays that were being written about vietnam. there were plays that started off or off of that moved to broadway, right? the idea that we see this still happening all the time and this really starting at that time, it was not really typical to move something from one place and put it in a more commercial area. but at this point, this starts to become

fed chair jerome powell would not be drawn. i jerome powell would not be drawn. ., , drawn. would say it is certainly _ drawn. i would say it is certainly possible - drawn. i would say it is certainly possible we i drawn. i would say it is - certainly possible we would raise — certainly possible we would raise funds again at the september meeting of the data warranted, and i would also say it is possible that we would choose _ it is possible that we would choose to hold steady at that meeting. mr choose to hold steady at that meetinu. ~ ., ., , choose to hold steady at that meetinu. ~ ., .,, . ., meeting. mr powell was clear however that _ meeting. mr powell was clear however that the _ meeting. mr powell was clear however that the fight - meeting. mr powell was clear| however that the fight against inflation is not over. policymakers inside america's central bank remain concerned that the world's biggest economy, well, that it is still growing too fast for inflation to fall back to its 2% target. everything from travel bookings to the sale of concert tickets, and even the s

>> is pretty amazing jerome powell might be orchestrating this soft landing and today's number was afic number four investors and you can't ignore especially if you're a long-term investor not concerned about fluctuations cycle as an investing opportunity for people who can absorb stock so you have to buy into this on some level. maybe not all today but you better take that 5% cash you thought was terrific and reallocated to your risk bucket. stuart: why should anybody by apple or nvidia or meta or te tesla? why should they by now after a terrific run up? why buy them as opposed to buying smaller cap stocks? >> that's a great question because america's great companies, apple, every young person, almost every young person is getting apple phones and involved in the system and microsoft is a great company you've talked about before so there's a real argument in these america's best companies but maybe not right now. i want to be a pagers and but the time was two to three years ago when tom brady was on the team. you don't chase yesterday's news or stock price opportunity when small cap

so fed chief jerome powell during a press conference.ly announced that russia's withdrawal from the black sea initiative could affect less wealthy countries. the fed raised the key rate by 25 basis points as expected and the target range is now from five and a quarter to five and a half percent. this is a maximum for 22 in 22 years. this is important jerome pyle believes that the agency is on the right track in terms of combating inflation or bingbai. i continue to argue that we will be able to meet our 2% inflation target. at the same time, without losing a huge number of jobs and without critically slowing down the economy. i said, i say this before and now, but one hundred percent guarantee. no, we have a long way to go. he also noted that his colleagues no longer predict a recession in the united states at the end of the current year, in other words, the worst has allegedly been avoided, and now pavel does not exclude another rate increase in september. since the us economy does not go into minus. this means that it will be able to w

aston willie , from where he was fired last fall, the new club jerome took seventh place in the last arabian championship? well, the croatian midfielder of inter, marcelo brozovic, will now be a teammate of cristiano ronaldo in according to unofficial data, inter milan for the transfer of the football player walser will receive 18 million euros. brozovic's contract with al nasr is calculated up to 26 years for inter milan , two-time world cup winner martin brovic. played in 2016. already this week, next thursday, the 13th edition of the silk way rally marathon will start in kazan on the millennium square. after that, the participants will drive along a unique route with a total length of over 5,000 km. they will pass through the territory of 13 regions of russia and finish the relay marathon on july 15, the silk road found your way near the moscow kremlin. e, they said with 98 crews and the most massive category. these are suvs. there are 25 crews. in total , representatives of 23 countries will start the silk way marathon rally this year, including russia switzerland france cyprus a

any one of which could again make jerome powell and his colleagues go back on the tightening. they do keep tightening, yes, inflation will come down. the real question is are they going to continue to do that? last week in europe jerome powell said one reason for the pause was because he was concerned about the banks failing in the month of march. now the banks can fail again, let's wait and see what happens in the second quarter earnings numbers. we will want to see how many of them are continuing to lose deposits into if they show that they lost a lot of deposits, stocks will come under pressure and that is where you have to see whether the fed has been -- staying power in raising rates. haidi: complacency is reigning you could say when it comes to expectations over renewed banking stress after the stress test came off without a hitch. what makes you think that it is a likely scenario that we will get a revival of the banking crisis? is it more likely that we will get to 5% unemployment because it feels like those are the two scenarios that might get the fed to make that dec

you have the federal reserve, run by jerome powell raising interest rates. for those who got credit cards, those who got a loan, these credit companies and banks, they are the ones who make money off of the working poor. the rich folk get money to spend when they raise interest rates. it is not the president. every time jerome powell raised interest rates, he is raising it on the people paying the taxes. not these big companies. i was listening to your guest, i guess some people do not care. it is not the president, people. host: we appreciate your call this morning. speaking of president biden, i want to show some video. this is the president in philadelphia last week, where he gave a defense economic agenda, they started to use the term bidenomics. he is talking about that and its impact on the economy, including inflation. here is a portion from last thursday. [video clip] >> inflation has slowed every single month for the last 12 months. the lowest point of inflation, the lowest point in over two years. the u.s. has the lowest inflation rate of any major

, however, these views collide with what jerome powell recently said what he was saying that we're notd with fed rate mix, until the labor market cools by enough so that we have a material increase in unemployment, that prevents waints from rieg faster yet wages will grow more slowly. almost as to have living in two different universes, if jerome powell was kreng you have not having 13% earnings growth next year perhaps a reality that equity market is yet to face. >> yeah. are estimates too high in terms of earnings. >> absolutely i couldn't agree with john more as you mentioned when you said 12 to 13% next year you wonder from that is coming from oil going back up, and, at a time consumer appears to be, really, um, starting to reach eof xhaustion rear running up toward the end of student loan suspension ends, end of august we will see what impact that has i suspect an impact of some, magnitude, that will not be good, you know, in general, i agree one hundred percent, that the market is dismissing what is reality on the ground, when you look at the economic data there are so many indic

later, the federal reserve chair, jerome powell hold a news conference following the federal open market committee. watch next week, live on the c-span network or on c-span now, also head over to c-span.org for scheduling information or to stream video live or on-demand anytime. c-span, your unfiltered view of government. >> c-span is your unfiltered view of government. we're funded by these television companies and more, including charter communication. >> charter is proud to be recognized as one of the best internet providers. we are just getting started, building 100,000 miles of new infrastructure to reach of those who need it most. >> chaerommunication supports c-span as a public service, along with these other television providers, giving you a front row seat to democracy. >> coming up next, homeland security sec. alejandra mayorkas outlined the current homeland security challenges including immigration, domestic terrorism, and cybersecurity. he talked about his personal experience as an immigrant having grown up in a family of refugees from cuba. he's interviewed by c

chance there'll be a 25% basis point, a 25 basis point hike in interest rates today by fed chair jerome whether they feel they've done enough when it comes to that fight against inflation. will they continue to look towards more hikes, or are they getting a sense they really are perhaps done? the commentary we're hearing is perhaps one and done which means one more hike and done. but actually if one takes a look at the fed's cme fed watch tool, which is a tool used to predict what might happen when it comes to interest rates, there seems to be a 33% chance the fed could hike interest rates again in november. that's up 26% from last week. so it does mean there are fears there could be second round effects when it comes to inflation, and they may look to hike again even in september and who knows maybe even in november. >> yeah, we'll all be hanging on jerome powell's words later today. wall street will also be following corporate earnings. yesterday after the bell microsoft, snap, and alphabet, which of course is the parent company of google all reported results. what have we learned? >>

. - jerome in the house! - clear! - "black-ish", "insecure". - hey! - so many shows that are on now that are killing it in ratings. - we're living in a golden age of black television, especially when it comes to sitcoms. - we're finally starting to see ourselves represented in the world. (car whooshes past) (water sprays) - hell no! (upbeat music) (upbeat music) - as times change, we're beginning to see this evolution of black television. - this is rochester van jones. he's my butler. - we finally get to see a realistic depiction of ourselves. - issa, what's on fleek? - and the only way that that could be done was by changing the people who were telling the stories. - i don't know what that means. i know what that shit means. - by putting more seats at the table for black storytellers, writers, creators directors. - and that's a big difference in what we saw before. - [announcer] "the adventures of ozzie and harriet," starring the entire nelson family. - [announcer] "father knows best." (soaring instrumental music) - the tv landscape in the 1950s was

. - jerome in the house! - clear! - "black-ish", "insecure". - hey! - so many shows that are on now that are killing it in ratings. - we're living in a golden age of black television, especially when it comes to sitcoms. - we're finally starting to see ourselves represented in the world. (car whooshes past) (water sprays) - hell no! (upbeat music) (upbeat music) - as times change, we're beginning to see this evolution of black television. - this is rochester van jones. he's my butler. - we finally get to see a realistic depiction of ourselves. - issa, what's on fleek? - and the only way that that could be done was by changing the people who were telling the stories. - i don't know what that means. i know what that shit means. - by putting more seats at the table for black storytellers, writers, creators directors. - and that's a big difference in what we saw before. - [announcer] "the adventures of ozzie and harriet," starring the entire nelson family. - [announcer] "father knows best." (soaring instrumental music) - the tv landscape in the 1950s was

. - jerome in the house! - clear! - "black-ish", "insecure". - hey! - so many shows that are on now that are killing it in ratings. - we're living in a golden age of black television, especially when it comes to sitcoms. - we're finally starting to see ourselves represented in the world. (car whooshes past) (water sprays) - hell no! (upbeat music) (upbeat music) - as times change, we're beginning to see this evolution of black television. - this is rochester van jones. he's my butler. - we finally get to see a realistic depiction of ourselves. - issa, what's on fleek? - and the only way that that could be done was by changing the people who were telling the stories. - i don't know what that means. i know what that shit means. - by putting more seats at the table for black storytellers, writers, creators directors. - and that's a big difference in what we saw before. - [announcer] "the adventures of ozzie and harriet," starring the entire nelson family. - [announcer] "father knows best." (soaring instrumental music) - the tv landscape in the 1950s was

we're going to hear more about that possibility when fed chair jerome powell holds a press conference here in the next little less than four minutes, and that's really what the markets are going to be focusing in on. this was the 11th interest rate increase since the fed began hiking rates back in march of 2022, but in terms of shifting from wall street to main street, what it means for your pocketbook, it means that debt has gotten a little more expensive here as the fed looks to continue its fight against inflation, which is coming down, but still higher than we would like to see. things like credit cards, mortgage rates, auto loans, those just got a little bit more expensive again today. the flip side of that, yasmin, if you're a saver, this is good news for you. it means you're in a position to make a little bit more money on your money whether it's being held in a savings account with a bank, whether it's in a certificate of deposit or in the bond part, say, of a retirement portfolio. >> right, i mean, it's astounding to think about where we are with interest rates right now. 22

. >> a great question simple answer jerome powell, right?e end of the day, if you look what is happening within the market, and july 25th going to have another fed meeting, and a lot going to arrive planting seed for what jerome powell is looking at he looks at same indicators we look at jobs numbers inflation pce, so, if we continuously raise, we are going to drive off a cliff or driving a car with no brakes to me worried about all that i think with last meeting with pause, i thought smart, but if he continuously raises -- look with what happened last week bank of england tomorrow australia if rest of world in rising interest rate environment we have strong jobs numbers this week in pc, up 3.8% pce core pc, 4 1/2% not pom-poms jumping up and down we have stubborn inflation i think plausible to say our capacity mile could be approaching another thing, wall street is a momentum game it is all algorithm, a.i., trading, high frequency, and if you look what is leading the market there has been a bifurcation a paradigm shift i manage for institut

jerome and engineers who use 3 d modeling to create a bridge that can withstand all types of extreme by the is here's a reminder of our top story at this hour process president amount of lack process more police. it'd be deployed to confirm the address that has spread across the country. nearly 900 people were arrested overnight and was pricing since the police shooting of a teenager audio this week. you're watching do the new with somebody in patient e as in the order of but not for everyone. preschool, but has the details on the top your business after the break. remember the last one year was on our website. i'm on social media to handle. that is actually the union member such as thoughts. thank you for watching the these places in your 1st step into a little bit venture pizza, the treasure map for modern globetrotters, discover some of us record breaking site on google, max youtube. and now also in book form sometimes a seed is all you need to allow big ideas to grow.

for example, jerome should come ro, i mean being supported by western kind of for something solid and rush. so is frontier that to western goods are going to russians fighters x, we drive to the capital tbilisi we have arranged to meet and the ministry of finance with otarre recalled c. for the beginning of this options, we are doing our best to control all the goods and the, all the company is all over the parcels world in this actually is 5. these do 7 countries in the other countries who tiny polls all the so assumptions. but statistics indicate a different picture. well, german companies have been reducing their deliveries to russia. they've been increasing their exports to rushes neighbors to georgia by 48 percent. and the 1st quarter of 2023 compared with the previous year to armenia by 132 percent. and to cube this, done by 773 percent, georgia and russia's other neighboring countries having suddenly become rich enough to afford the increased imports. the only plausible reason for the rise. some of the goods are making their way into russia. most georgians, such as these protes

in jerome powell's press conference it suggests now is the time to set up your dollars or to start buyingome long-term bonds. those are the big trades which could run for a long time, once the momentum starts going people expect that the dollar will have a long downtrend in the yields will come down over the next 18 months. but they will be looking for the right opportunity to get in and possibly this week certainly the meeting will open the door to those. >> i am just imagining a scenario, perhaps jerome powell gives us a view into his crystal ball down the line. what do you think are the chances that we could get an ecb cut before the fed? >> there is definitely some data, that's a possibility. the european situation is deteriorating much faster than in the u.s.. you look at some of the data that you are talking about yesterday that's coming out, the german data today, the pmi numbers as well. it is painting an ugly picture in europe and it seems to be slowing down far too quickly. the european central bank, they might want to talk about hiking but they might have to reverse more quickl

(vo) request a cash offer at opendoor dot com paul: fed chair jerome paul powell so no decisions aboutand he said there's a long way to go in the fight against inflation. >> the worst outcome for everyone would be not to deal with inflation now. not get it done. whatever the short term social cause of inflation and the locker term social cost is greater so we intend again to keep policy restrictive that we're confident it's coming down sustain blizzard warnings to 2% target and prepared to further tighten if appropriate and the process still probably has a long way to go. paul: bring in wall street journal columnist mary and alicia. mary, inflation, cpi, consumer price index down to 3 in june and fed's favorite measure is 4.1 and are we approaching victory? >> i think if you listen to jay powell and the fed, they will tell you that we still have a way to go as the chairman just said and we saw a bit of insight into why they're thinking that way as the speech chris waller on the board of governors gave at the university this month and he said that basically this is the theory that long

not many people living jerome rod was ready to become thailand's next prime minister. the harvard educated businessman was the people's choice in an election that so a record turned out. but the country's parliament failed to follow suit for good type in. i mean the diamond has changed and will never be the same since may 14 that have reference to people of one half way. i'd like to ask old members to take care of the people from now on april and so i'm actually courting the at the conic democracy monument. peters supporters lashed out at the conservative establishment for refusing to loosen its grip on power. politics is day as the 1st day of our new round of fights and our last round that will make the dinosaurs go extinct to become head of government and elected nominees still has to win the joint vote by the house and senate. but last week, peter's endorsement was blocked by conservative senators, who are not elected, but appointed by the military. parliament debated whether they should hold a 2nd vote for the endorsement. but the military back senators are not in

the court says peter lim, jerome wrapped, violates intellectual rules that would have bought him from running in a general election in may. thailand's parliament to set to meet for a 2nd time to vote on a new prime minister so far has broken out. so the military base in russian ethics crime yet they use other to explosions damage the coach bridge, linking the peninsula to russia. piece of north side with may have started the plays at the base and the cut off ski district training and officials say the black sea port of a desk that has come under russian attack that's for the 2nd night in a row. the regional governor says that at defense systems were engaged to repel the strikes. the most important re, fax, sports of ukrainian grain. heat waves in the northern hemisphere have again highlighted the eyes and need to combat climate change top officials from the wells . 2 biggest places of discussing the issue of the chinese capital club and voice mail i can stay strong carries on the 4th and final day if it's a visit to badging a us soldier is in custody in north career after a legally cr

fed chair, jerome powell, would not be drawn. i would say it is certainly possible we would raise funds again at the september meeting, if the data warranted it, and i would also say it is possible that we would choose to hold steady at that meeting. mr powell was clear however that the fight against inflation is not over. policymakers inside america's central bank remain concerned that the world's biggest economy, well, that it is still growing too fast for inflation to fall back to its 2% target. everything from travel bookings to the sale of concert tickets, and even the success of the barbie movie's opening weekend at the box office, were all signs that americans are still spending. the latest us growth figures, due out on thursday, are likely to confirm a moderate expansion. so, for now, the fed is still hoping it can get inflation under control without triggering a recession. earlier, i spoke to frederic neumann from hsbc, who gave us his assessment on whether the fed's language was clear on the next step. well, not 100% cl

turn, it has to turn earnest way see some sort of shift in american willingness ability to work, jeromed lose jobs in in country, is this the first sign i am looking at 209,000 thinking is this revised next month is this first sign labor market is cracking? >> we've had so many good months in a row hard to keep up the pace that we've had. and you do -- look. if you look at overall numbers you got, rourl 10 million job options still, 5 million unemployed people i want to restate this point that this is a good jobs market my advice to people sitting on sidelines, get a job now, while the picture is rosy, two things i want to mention that i found interesting as i looked lu some specifics of this report one a big jump a big jump in black unemployment rate from 5.6 to 6% i'm not sure what is going on that is, by the way, the hispanic unemployment rate rose as well. >> we have 60,000 government jobs created he aren't real jobs we don't want government jobs increasing we want government jobs decreasing, 40,000 health-care industry, so add two together 40,000 healthcare, 60,000 government, that

he were recording songs of jerome kern and we were performing with my trio kenny and peter washingtonn the same room so it's realtime and real recording. and we were doing the song, they didn't believe me, a popular iconic song by jerome kern lyrics by her bert reynolds. this is the ultimate in romance and american popular song and the way it says, and when i tell them and i'm certainly going to tell me that's really american. but what was happening was that we were in the studio, he was standing in the middle of the room. the studio was right in front of us, the recording booth. his son day was sitting at the recording console and susan bennett was standing right there behind the glass about ten feet away. we started the take. he looked directly at her and he sang the whole song right susan. that's the take. it was direct. waits story and he was singing right to her and it was a reliefy beautiful moment. >> that is beautiful and thanks for sharing your memories tonight. >> i'm so glad to be with you. the world misses tony bennetts. >> to be nervous means you care. i love that. we'll

that has to be jerome "mr. magoo" powell.e was born with the right wing billionaires and wants to crash the economy so they can get more tax cuts. host: all right. let's take a look at social media. annie on twitter says, yes, what exactly should the economy look like after we shut down almost two years? there are greedy companies out there but for the most part there has been steady growth in jobs and wages, which will increase other prices. but that is how the economy works. and fm says, i'm cautiously optimistic. but the fed needs to recognize how important wage gains are for workers. middle down who have been left behind in's 1980 -- since 1980. aubrey on facebook says i'm optimistic, beginning with the biden american rescue plan, ending the trump coronavirus epidemic and recession. bidenomics working in conjunction with the federal reserve has gotten trumpflation under control without a recession and loss of jobs. a text from kent, i am a healthy skeptic. the economic indicators seem to point toward improvement but how l

what do you want to hear from jerome powell or changes in language to the statement?> changes in language to the statement, even when they change one word, and this is something described in his book, they can spend hours arguing over one word. and i think what is important is that we heard from waller, we heard from mary daly that recent rates on inflation have softened. to me, it has been said, but once you memorialize it in the statement, it has more oomph, if ou will. even though they do still say inflation remains elevated, matt tells me that the doves still have some fight on the fed because they were arguing in the boardroom that they want that inserted in the statement. it helps me understand that there is still a divided committee. that doesn't mean there is consensus, but there is still a divided committee. >> so it comes back to how difficult the chairman's job is going to be when he is at that podium. we talked about how he can't say that this is it, this is the end of the hiking cycle but last go around he didn't want to use the word skimp. can use skip?

we were recording songs of jerome curn.ones, everybody in the same room, so, it's realtime and real recording. and, we were doing the song, "they didn't believe me". an iconic popular song by jerome k.ern, lyrics by herbert reynolds, this song is the ultimate in romance and an important song in the way that it says "and when i tell them, and i'm certainly going to tell them" that's really american. but, what was happening is that we were in the studio, he was standing in the middle of the room, the, studio was right in front of us. the recording booth, that is, his son was sitting at the recording console, and susan bennett was standing right there behind the glass about 10 feet away. we started the take. he looked directly at her and he sang the whole song right to susan. and that's the take that's on the album. so, it was direct. it was a story. and he was singing right to you. and in that case, he was singing right to her and it was a really beautiful moment. >> that is beautiful. and thank you for sharing those beautifu

and so it's, i think it's right, that's jerome powell is trying to freight the balance sheet and clean up our our clamp things on the monetary side. and of course, congress needs to do their job and the fiscal side. and in many ways that's what that's 90 percent of what the n g complaint about where you start from militarism. so it's like once you back off, once you back off the monetary, right, all angle on this, then all of a sudden the military angle becomes a lot less threatening to everybody. and we can negotiate the terms of the divorce without a world war. well, tom, you bring up some great points, hold on, because i want to follow those up after the break. also after the break, we're going to continue this conversation and look at the effect this is having on the relationship between china in the united states. the what they really and not of course ago we used and i made a gift salem, but as a new child support knowledge and was focusing more on the green. so keep a key or do more of a quote, as of course, the thing the, the information now to me is i have too many, can i take

and so it's, i think it's right that jerome powell is trying to shrink the balance sheet and clean up our our clamp things on the monetary side. and of course, congress is to do their job and that this will side and in many ways that's, that's 90 percent of what put in n g complaint about to where you from militarism. so it's like once you back off, once you back off of the monetary, right, all angle on this, then all of a sudden the military angle becomes a lot less threatening to everybody. and we can negotiate the terms of the divorce without a world war. well, tom, you bring up some great points, hold on, because i want to follow those up after the break. also after the break, we're going to continue this conversation and look at the effect this is having on the relationship between china and united states. the i think yours was the jersey. all you probably used to sleep will actually reconcile, reconcile themselves to based on the system of the, you know, health hostage. but any analysis on my phone, i would try to do the showing that i that will resist any kind of compromise, an