jerome, they haven't it. same is completely finished and i've got a psalm because the day before the attack in moscow, there was an attack again, we believe carried out by this group of suicide bombing on a bank in kandahar. and of course, kind of ha, is not the capital of afghanistan. but it is where the tele bonds, supreme leader have been to the arkansas the lips, i guess the size of the that's what the options do when you look at that, that's not gonna start usually. but try to add that i the just minorities. so that place the ships are multi civilians because those are somehow easier to walk if. right. because the, because that many of those play see that's going to be talking to you to so it's difficult to ensure security every way or the time. so they kind of need target highland or any benefit you'll spikes on which could be part of the objectives to really just, i'd like to tell you about the government. but the country yet shape that. so instead bout fussing that way into with those low low level ta

and also for those countries who are refusing to recognize the thought of ahmed jerome jerome made the point that the lashing out beyond kind of storm because they're under pressure. and that's kind of fun. if you look at that reason, the tax that was back in 2022 attempt on the life of the acting on bastrop pocket stone in kabul, a suicide bomber attacking the russian embassy. russia again to the target and also in 2022 attacking a hotel popular with chinese national since then the attacks in pockets dom in 2023, and in january this year, iran, do you agree with jerome that they all they are expanding? yes, absolutely. yeah. this is, i mean, this is the basic tactic. they have it as long as i bundle them out using that very extensively around the whole region. and this is a way of expansion by itself necessarily a political way, but it's a, a way to use the softball moves and the fact that they can sooner retreat suicide bombers. presumably from all these neighboring countries, says a lot of bad abilities for the time be. now how, you know, we haven't seen an attack by them in the wes

jerome powell is under the gun in the house.ble following on capitol hill. >> first, expect rate cuts, though jay powell cryptic, not saying when. the rest of the voting members are walking a precarious tight rope, where to set rates but it's an election year. at this hearing powell is telling lawmakers on the house financial services committee that data is looking good and the dangers of cutting rates too quickly, would like to see more. with the high points he's making note of that housing services inflation a.k.a. rent is coming down, goods prices are too and he says he feels good about achieving a soft landing. >> no reason to think the us economy is in short-term risk of falling into recession. having said that, there's always a problem, a possibility, meaningful possibility that economy will fall into recession. i don't think that possibilities elevated at the current time. >> reporter: patrick mchenry asked powell how much rate cutting we will see this year. powell's answer is noncommittal as always, depends on the path o

jerome powell and janet yellen have no way out. if they raise interest rates they're going to raise interest on our debt and it will increase even faster. if a lower interest rates it's going to get people more money more jobs and increase inflation that way i through spending. what is your comment on that? >> guest: s right. i mean, i think jerome powell is going make decisions about interest rates without an essentially concerned about how that affects the debt but that's right. the higher rates we havee seen already, i mean the fed said they think they he done rates. there at thepe peak of their interest rates for now. that is increased interest cost of the government. there's a question that's happen. that is a challenge but chair powell has made clear as most fedd chairs do, they think the spendingnd taxing decision on the government of two elected officials and not them. although chair powell said he thinkst the deficit is not sustainable and it's something the government, congress and the white house should deal with. >> hos

jerome powell and janet yellen haveki)z no way out.hey're going to raise interest on our debt which will increase faster. if they going to give people moe money, more jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates withoutsarily concerned about how that affects the debt. the higher rates that we have seen already in the fed has said they t■7hi■■nk ty are done hikig rates, they are at the peak of their interest rates for now. that has increased interest cost to the government. challenge but chair powell has made clear as most fed chair is due that theydecise up to elected officials and not them. chair powell has said he thinks the deficit is not sustainable and is something the government, congress and the white house should deal with. host: the unemployment rate in february was 3.9%. it increase from 3.7% in january. what was that a sign of? guest: it's a sign of potentially some people worry about some so-called

jerome powell hit the nail on the head when he said we just do not know. >> i think chair powell stuck to the narrative that we have been hearing for some time, both in terms of the direction of the economy as well as the direction of policy. no real new ground was broken in this meeting. there was not a strong hawkish pivot, although there was the migration of some of the dots in the summary of economic projections. more in the direction of three, very strong consensus now of three great cuts this year. haidi: three cuts on the dot plot, does that seem dovish given the revisions we have seen to unemployment? >> i think -- most of the members of the committee are staying with their views going into this meeting and that is that the number of cuts would either be three or two. what was interesting in looking at the dots is that there are four people in december who actually had uppercuts and that group moved out. there is only one left of that four. they all moved into the three or the two category. i think they are gelling around a view that will depend of course on the data. most impo

to hear chairman jerome to hear chairmanjerome powell tell at the federal reserve is looking for itsdilocks path forward making sure the bank doesn't reduce interest rate too much too soon or too little too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and five and a half percent it remains unchanged sincejuly. and while the suspense lies around when the suspense lies around when the fed will cut interest rates powell didn't give any hints. he did say the following sustainably 2% goal before going ahead with any rate cuts. he made the case for a cautious path forward. he made the case for a cautious path forward-— path forward. inflation has eased substantially - path forward. inflation has eased substantially while i path forward. inflation has i eased substantially while the labour market has remained strong. that is very good news. but inflation is still too high, all grown progress in bringing it down is not assured. in the path forward is uncertain. assured. in the path forward is uncertain-— a

[applae] >> jerome powell said today the central bank will leave interest rates unchanged for now buthat the fed still expects to cut rates by the end of the year. he spoke with reporters following the conclusion of the committee meetings held this week. watch the announcement tonight at 9:00 eastern on c-span, c-span now, or c-span.org. we ar joined now by jason sneed with the honest elections project. tell us about the mission and how you are finding? guest: we areon partisanour guio inspire confidence of the voting process how we are funded, a number of donors who share commitment and concern the future of election integrity and make sure they all have a system they are confident in. host: y put out a report with reforms you are recommending. one of them is to ban choice voting. guest: right choice voting is a new idea theyce all over the country. it makes voting take longernds e confusing and our number one principal is to aspire confidence and it discourages people from participating in the system. it takes a system where we are familiar it the most candidatel -- you are breaking

. >>> fed sanctuary jerome powell is heading to capitol hill today for two days of semiannual testimony before congress. powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. thank you so much for the time then are you surprised at all but the market's pullback yesterday? >> not essentially surprised i think regarding equities in general we're quite optimistic at the moment. in the short to medium term, we're quite positive that's pointed by fundamentals across the board we have different moves by developed markets and equities in emerging markets. i think that's really because the rate cutting cycle is getting ahead in the emerging market, so that's really reaping the benefits there. >> and what does it mean then to see perhaps a slight fall-off in the rate outlook then across the more developed world we had initially seen the expectation of around six rate cuts around the united states. that's fallen off to three of course, the fed initially said that. but we're seeing that one could be enough this year. >> yes, so they're being

to jerome might be a musician, so which is on your mobile, the learner position just to show my normal superior to a smart visual specialist. i need to call somebody the weight is too much dazzling to maribelle to and the smallest task for her. so she left the machine is the 2nd issue i saw from the plan the the one she was hired people that my wish was to got phone marks for the values. what's closer? sure. you just look at way around them was, you know, they just as a 5 gulf at the edge, assessing it for michael to category group or she's doing this for. it's a, i could you, me just q i. but as long as you wake up the process, introduce the solution to find help us to see what was the new wish of dealing with our biggest township or me. i don't, guy told me upon them i would put up the blues are because you could give me just it's, you know, beneficial, da da, da, da, da da, da da da fillable. those that go, let's do it just for future frontier to cause the sofa, just the double pressure to upon them with the motion jewelry and placing the bowling season. this is kind of the thing th

my sense is that jerome powell failed the marshmallow test.allow at the november press conference. he wanted to declare victory on inflation too soon. if he had shown a little self-restraint financial conditions would not have eased and inflation and economic activity would not be re-accelerating as we have now. i think despite their predilection to want to cut, the fed will possibly have to stay higher for longer. it all depends on what the fed does. katie: i have heard people tell me over the past few weeks that the fed wants to cut but they can't yet. why do you think they want to cut? why is that the narrative? scott: jerome powell said it in front of congress. katie: that's true. scott: i take him at his word. david: coming back to trump for a second, your name has come up as maybe playing some role. if you had conversations with the former president his team that would indicate to you where he thinks he wants to go economically? scott: sure. what i will say is i'm not going to repeat private conversations but i think a bad narrative in t

investors watching jerome powell for jobs data in the china mpca.et's look at what we are getting we are stocks have pulled off session highs. seeing a rally in bonds, but in order for this to climb, we have seen a floor. they want to see structural reforms and policy consistency. let's look at the real estate sector, the pain point for china. despite those sales surging, properties are down and that is a sign of bonds being down. talking to lenders to defer payments. this will figure strongly in the annual gathering. tom: thank you very much indeed. a big week for china. unveiling strategies, but li qiang will not the holding a press briefing. bloomberg's stephen engle joins us. a surprise move by the premier. what are you reading into it? >> this is the one time we can get into tiananmen square. it's the one time you can hear legislators. tomorrow is the political advisory body to the national people's congress and they are gathering. we are getting busloads of delegates coming in. the biggest challenge is the economy, externally in internally. co

in an era of political carbon copies, jerome was a singularity. one of one. he fought and won for what he believed was right and for the state he endured. my thoughts are with his wife and entire family. let's bring in fox news political analyst brit hume and anchor of "fox news sunday" shannon bream. brit, it's hard to characterize jerome any other way than an independent clearly was the democratic nominee in 2000, the shift # years later dramatically to support republican nominee and his friend john mccain was something we hadn't really seen in politics. >> no. we hadn't for a long time and certainly haven't seep anything like that since. >> jerome, i joe lieberman. he loved his state and it loved him. it isn't easy to get elected to a body as an independent. he did that in connecticut and he was beloved there stayed in office before he was elected to the senate. he was very much a true moderate. a centrist. always on the lookout for ways to work with the other party. that sets him apart today and, of course he has been active since out of office. no labels

the biases toward leaving things the same until they get more economic debt, jerome powell will speak at 2:30, he may forecast a bit of what is to come in the year ahead but right now the fed is suggesting, sandra, it wants a little more data before it figures out the way forward. >> sandra: indications from the fed in the statement are they are moving towards possibly three rate cuts this year, john, and that is interesting news break since we have not seen the target of 2% reached just yet so big questions in the fed briefing room when powell speaks, is 2% still the target? and if they are going to start cutting does not mean we are getting there? they say they are making good progress and they move it is the question so you see a green spike at the end of the chart there, that is after the fed announcement came out to leave fed rates unchanged but also indicating three cuts coming this year. one of the federal reserve officials indicated possibly more than three cuts this year but this was a unanimous decision to leave it unchanged at five and a quarter. this is a decent market rea

to jerome. i. p and musician solutions for your mobile platforms using dish to show them. i know most of the product is for to a smart page or specialist clinical somebody the really this just happened to my small squares for her. so she left the variable initial impressions, signature, right? so from the the yeah, when she was i, you put on my wish was to got phone marks for the values. what's cool, things like that. you just look at way around and was, you know, did just as a follow up call for the purpose of just asking it for my time. so kindly group or she's doing it for me for it. uh i could you, me just keep it as long as you wake up the process, introduce the solution barnett brush to see what was the you wish of dealing with our biggest township or me. i don't guide. so when you're talking about pulled up the police because you what continues was that, you know, the, any fisher was easy. the i do, i do the, the, the, the, the engine, the syllable. cause let's do it just for future front

one thing to appreciate about jerome powell. and really worried about the market. fed chairman are not supposed to be worried about the market. be that as it may, he is. that's why the general consensus among people like fink and others, is that the june rate cut of 25-basis points is baked in. he's not going to -- because the markets will go wickedly shout if that doesn't happen. this is borrowing some mayor yak we out of the blue -- wacky inflation out of the blue numbers and rates are at 3, he's still worried about a recession because there's other numbers that show a slow down. june is baked in. obviously if inflation numbers after june look sticky and look like they're rising, all bets are off on the other two. liz: i say two. i thought larry predicted a possible two cuts. >> yeah, he did but said three so there could be three. be that as it may, the june thing is baked in and gets into the weirdness of jerome powell and again, fed chairs are not supposed to worry about the stock market and worry about other things and not

fed chairman jerome powell will deliver his semiannual monthly polisario testimony.t is affected to provide markets more insight on the u.s. central bank's rate hikes policy. you have heard from many fed officials saying they are in no hurry to cut rates. thursday, president biden will deliver his state of the union address. we will have special coverage on bloomberg tv. and the ecb said to hold rates steady as it awaits more evidence that inflation is under control. lots to digest. as get more with sam rhee, chairman and cio of independent wealth manager, endowus. for the moment it is about china. how crucial is it, or has everything been factored in. we saw three weeks of gains for china. sam: as many people have been commentating, it is a huge week for china. there is growing expectations and that is what leaves the market rebounding. whether this is the dead cat bounce or the bottom of the market, and we start seeing this rally have some legs, we will have to wait until be announcements come out. i would err on the side of caution and say i don't think that will

what tone do you think jerome powell will strike today? >> he is going to come off as similarly dovish. the goal is to start inching toward rate cuts. the goal is to start priming markets for expecting a tapering of qt. we are going to get details about qt and details about what it might take to start rate cuts during the press conference. katie: it is not just the dots. we also have the balance sheet. bloomberg economics economist stuart paul. let's keep this conversation going with santander chief economist stephen stanley joining us. tell us about what your most adjusted to see. we have the actual decision. we have the statement. we have the summary of economic projections. we get the press conference. what are you going to be most paying attention to? >> lots to digest. for me, it is the 2024 media.. -- media dot. the fed was projecting three rate cuts as of december. there is some debate in the markets about whether they will move that down to two. i will lean toward them staying at three. but there is certainly a risk of two. that wi

all this in more coming up on jerome x the diverse, multicultural. these are just some of the characteristics that aptly described to mark does hotel in vienna. it's a model of social project, which provides support for people in need. that hotel marked us indiana has been built as austria's 1st social hotel. i'm on their ends. it's got to give me a 2nd chance issue. i'm for reba and i feel at home here service. hm. awesome. hello my name is abdulla on this job has changed my life for the day. i'm here the mag this hotel in vienna. now this may look like an ordinary place to say, but if you take a closer look inside, you will see that this hotel has a very unique story behind. it operates like any other hotel, but this particular establishment is supported by the catholic carry tense relief organization hotel monitors. his goal is to give people with disadvantage backgrounds who had to flee their countries another chance and access to the job market. olga, i'm from nova, from ukraine, is one of the employees here. the single mother came to vienna in

us federal reserve chairman jerome powell says he�*s in no rush to cut interest rates until the dataeserve chairman jerome powell began two days of testimony on capitol hill. he�*s presenting the central bank�*s semiannual monetary policy report, with lawmakers eagle—eyed for clues about interest rates. 0ur north america business correspondent erin delmore has the details from new york. fed chairjerome powell sat firmly in the spotlight on capitol hill on wednesday previewing what is to come in the year ahead as fed officials contemplate when to cut interest rates and by how much. we believe that our policy rate is likely at its peak for this cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialling back policy restraint at some point this year. powell appeared before the house financial services committee, the first stop on his two day tour of capitol hill and he pointed to considerable progress on the economy and said that while inflation remains above the fed�*s 2% target, it has been easing without significantly increasing unemployment. bu

host: because you are a member of the financial services subcommittee on capital market, jerome powellreiterated efforts to try to get inflation down to 2% and economy. in order to do that, ultimately, do you think we will get to a point where we are at 2%? guest: we are at 2.4% since last year, and that is close to 2%. i think it is now time to start cutting interest rates, which are not captured in that 4% figure. the cost of a home mortgage is not included when they calculate the cost of living, but, of course, it is part of the cost of living. as far as the economy is concerned, that is expected to be talked about by the president tonight. what would you like him to say as far as the economic outlook and desires in this last year and this potential second term? guest: th finish the job, he hao lay out an agenda beyond what he proposed 3.5 years ago, and i hope it includes regulating, not just negotiating, the price of a few drugs but all drugs. we are paying triple what much of the world is paying for pharmaceuticals, and we are passed legislation, so they get a fair risk when they

think of those three individuals. >> president trump nominated the current federal reserve chairman jeromel but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the economy somebody's going to put in place what americans can expect and what the federal reserve will do overtime. >> another factor for donald trump the wrath against jerome powell he did think that donald trump did not like he started raising interest rates earlier in the president came on him like a ton of brics but then criticized policy which is unprecedented at the time. does he want a yes man or woman in the office? >> i don't think so, i think the president will tell the federal reserve chairman what

later, feral reserve chair jerome powell ttifying on the central bank's semiannual monetary policy report before th house financial services committee. all coming up tonigh on c-span. >> c-span's "washington journal," a live forum involving you to discuss the latest issues in government, politics and public policy. from washington, d.c. anro coming up thursday morning, we'll discuss tomorrow's state of the union address, government funding deadlines, and conflicts in gaz ukraine, with nebraska republican congressman adrian smith, texas democrat congressman marc veasey, democrc congressman brad sherman, and republic fa keen. join us on c-span, c-span now our free mobile app, or online at c-span.org. >> two years ago, democracy faced the biggest threat since the civil war. today, though bruise, our democracy remains unbowed and unbroken. >> thursdaye union address to outline his priorities for the country. watch our live coverage beginning at 8:00 p.m. eastern with our preview program followed by president biden's state of the union speech, then alabama senator katy britt will give the repu

: jerome - >> jimmy: jerome allen seinfeld wrote that song, yes and mark ronson and andrew wyatt produced comedy lyrics it's a pretty good jam, right? >> questlove: it's a jam >> jimmy: it's a jam it's a bop >> questlove: yes. >> jimmy: it's a bop >> steve: it's a pop >> jimmy: guys, if -- if you know me, you know i'm always looking for a good book to read. and that is why i'm very excited to announce this tonight we're announcing the return of the fallon book club [ cheers and applause ♪ oh, i'm in a library amazing, i'm in a -- normally the way this works is we pick a handful of books and we vote to see who the winner is, and that's the book we read together but this time we're changing it up since march madness is happening, i thought it'd be fun to pick 16 new books >> steve: ooh. [ scattered cheers ] >> jimmy: the sweet 16, all right? and then we're going to have a bracket faceoff and just see - for no reason, they're just going to battle each other out, and see what books are going to win. yeah, so we have 16 books. look at these books. zoom in on these titles here, these authors. t

when jerome powell stands up at a press conference, he does not really push back against it. that will be the most hawkish outcome. the slightly less hawkish outcome was we would get the two dot plots production here. then they will see how dubberly pushes back. there are so rate cuts coming later in the year. nothing to worry about. the most of a scenario would be the dot plot stay at three rate cuts for this year and drum powell sounds dovish. closer not too far away from the november highs. they have an office in new york. they will be watching closely. you may will see some headlines coming out. the mistry of finance is pushing back and sing the dollar-yen is getting too far. they need to do something about it. if he goes even further, we may even have to see extra intervention to try to support this. probably nonverbal intervention first. certainly currency markets very much in play. euro-yen hit a 16 year high as well. treasury markets will also be watching very closely. people seem to be shorting treasuries very much. if there is a risk, it is short covering. slightly

that is the number americans feel the most fed. german jerome poll explains a balancing act that their work, you know, we know that reducing policy or strength too soon or too much could result in a reversal of the progress we have seen on inflation. and ultimately require even tighter policy to get inflation back to 2 percent, or at the same time reducing policy restraint to late or too little could unduly weak and he cannot make activity in employment. so these are the highest borrowing rates that the country has seen in 23 years. so who gets hurt and who gets helped by this? well, businesses that want to do expand probably won't because it's so much more expensive to borrow money. that's the same for people who are hoping to buy a home. home mortgages are much more expensive and people are carrying a lot of credit card debt that takes up a huge chunk of many americans budgets. this is going to hurt them by keeping interest rates high. now those people who have a lot of cash in the bank, they're getting more money just for having their, their cash in the bank or in bonds. so it helps

i think what jerome powell is going to say by june, if things stay in this sort of area, he can lower interest rates on the short end a little bit. and take a wait-and-see attitude. >> sandra: is that a prediction? you think they're going to cut rates this year? >> i think they'll cut them in june. i only know that because larry fink, the best fed watcher i know, thinks that. things might change, you might see other numbers, but there's two stories. wall street is going to let that cut and that's why you see stocks keep going up. main street americans who don't have a lot of money and are not in the markets every day, they are getting screwed here. these prices, the inflation rate might be coming down a bit, might. >> sandra: but prices are not. that's why jerry baker for "the wall street journal" was sitting in that chair a couple weeks ago and he made the prediction, not only does he think rates will have to stay the same this year, he thinks they might have to raise rates at the end of the year. >> if you know jerome powell, and if you're playing in the markets, different audience.

jerome powell and janet yellen have no way out.ise intest raise interest on our debt which will increase faster. if they lower interest rates, it's jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates without necessarily concernedebt. the higher rates that we have seen already in the fed has said they think they are done hiking rates, they are at the peak of their interest rates for now. that has increased interest cost to the government. a challenge but chair powell has made clear as most fed chair is due that they think the spe up to elected officials and not them. chair powell has said he thinks the deficit is not government congress and the white house should deal with. host: the unemployment rate in february was 3.9%. it increase from 3.7% in january. what was that a sign of? guest: it's a sign of potentially some people worry about some so-called cracks in the labor market. we have still seen healthy hiring

powell being jerome powell council, the lawyer cannot do ph.d. in economics, he understands that the payrolls were revised down by a million positions in the year and in september the 30th, 2023. he sees the what the biden administration has been announcing is not really what in fact has been the data on the ground. not that we ever look back at revisions, but he certainly is being advised about them by the people on the ground and by the way, neil, that helps expand a lot of the anger element. it's not just the fact that the price of the vast -- gas pump and the price at the grocery stores are up but it's also because people are losing their jobs and because the government is telling them that there is also a figment of the environment -- imagination. >> neil: let me ask you about mortgage rates which tend to go on their own or which the fed has very little control got a lot of them are paying the market rates like a ten-year bound -- bond and i can think and has been narrowly backing up of late as the expedition that the economy is strong enoug

from fed chair jerome powell on capitol hill can. mike, when we think about how chair powell is going to be addressing congress, we spoke about some of the issues already. what is he coming up against, especially as inflation is still top of mind? michael: well, he's going to come up against criticism of the fed for not moving quickly enough to bring down inflammation and the fed has admitted it was slow on the trigger there. but in his opening remarks, he talks about how the fed is determined to bring in addition to 2% target. sonali: we are already seeing it met by a bid in the short term market here 2 year yield downs a little bit even just yesterday. liz: although like you'll see a lot to the research report nothing but he seemed hawkish enough. he didn't lean more hawkish than he had to me focused on the dual mandate which some show more balanced. saying we are not clear we have enough process to cut yet but he cuts some of the tail risk out of the market by saying again, rates are at their peak and some time later, we'll cut ra

it is a little on those comments from fed chair jerome powell.probably cut interest rates at this moment, but they're not yet ready to do so. why? they still need further information and further data that indeed interest rates are headed or rather the inflation rate is head back towards 2%. of course he's still had strongish economy up until yesterday's data. you saw a little bit of weakness in that adp report, the private payroll numbers did show some sense of weakness which is then going to perhaps offer some sentiment around what exactly is going to happen for interest rates. it's the second day of congressional testimony as well today for jerome powell, so we'll await more word. and of course we do have those non-pharm payrolls data out tomorrow. >> shares in community bank corp rebounded after the troubled regional bank announced it had raised about a billion dollars in capital. how might that cash infusion help the ailing back and steady nerves across the industry? >> yeah, so i mean it's actually very interesting when one takes a look at t

would be cutting rates in an economy as strong as it is with financial conditions. >> that is what jerome to follow what paul volcker did. there are two interests at stake. lower interest rates. wall street wants that. they had virtually 0% interest rates for 10 years. it generates a lot of deals, generate a lot of income from making deals. on the other side of that, if inflation rises, it hits the middle class, it eats into their income, their wage increases. powell is trying to avoid that with interest rate increases and try to make sure inflation is under control. on behalf of all americans who are hurt and who know they are being hurt. paul: let me turn to another subject. president biden's statement that he opposes purchase of $14.1 billion starting with intervention. good decision? >> i spent a lot of time talking about economic rationale for that decision. this is a political decision, riskier than the president is acknowledging. this is throwing out crumbs, but if they kill this deal and the cleveland cliff, the us competitor that wants to purchase u.s. steel is next in line as a

all this in more coming up on jerome max the .

all this in more coming up on jerome max the diverse and multi call.

the home for look at the highlights of this northern spanish cities, all this in more coming up on jerome max the .

but with the cost of services spiking, jerome powell and his fellow policymakers are likely to keep rates a fifth straight time. they want more evidence that inflation is returning to their 2% target. the risk is that the economy's current strength won't last. lie current strength won't last. us economy is strong, inflation is coming back down towards the fed's 2% target, but the longer they keep their foot rest on they keep their foot rest on the break the more likely something goes wrong. for small business is _ something goes wrong. for small business is preparing _ something goes wrong. for small business is preparing for - something goes wrong. for small business is preparing for what - business is preparing for what they hope will be another surge in demand, the fed's first cutting can't come soon enough. michelle fleury, bbc news, new york. live now to dan kemp, chief research and investment officer, morningstar. it's the question on everybody�*s lips. dan, tell us, when will the central bank start cutting rates? well, mark, hello. yes, it is the question on everyone's lips. in the

i take hey, get back from the fed chairman jerome powell later today. what, what can americans, we're watching right now expect will jerome powell is not ready to give borrowers a break not yet. and no doubt it is a very expensive time to borrow mortgages, credit cards, car loans, all of them are very expensive. now remember, the fed started spiking interest rates at it, almost an unprecedented pace, two years ago, trying to get inflation under control. and really since last may, the fed has been in a holding pattern, keeping interest rates at 23 year highs that might be good news for savers who've got money in the bank, but for everyone is borrowing, this is added to some of the pain here. now, fed officials have said they're not going to start lowering interest rates until they get more confidence that inflation really is going back to normal. and so that's why investors, they place almost no chance of a rate cut today every little chance that the next decision on may 1. and really americans are probably going to have to be waiting until june, july, o

defendant fueled rally after jerome powell says they are still to cut rates this year. awaiting meta-'s ipo. pricing at $34 last night. we'll bring you minute by minute coverage. we mostly see you alan mcknight. how he is allocating around the valley. i am katie greifeld. taking a look at markets right now. a lot of green on the screen behind me. .6%. even more so. currently up by about .9%. something else is happening in the bond.6%. market. they had been meaningfully lower in the overnight session after we got that fed meeting decision yesterday, but moving higher currently. we do have some broking home sales data. let's break it down with mike mckee. mike: some surprising news. we were expecting a kind but instead they rise 9.5%. most of them single-family homes. with mortgage rates coming down just a little, not alive, this is particularly good news. the spring selling season is only just getting underway. maybe the logjam is breaking if people have been waiting long enough to get into the market. katie: we will continue to see if that builds momentum. sticking to t

but with the cost of services biking, jerome powell and his policymakers are looking to keep rates unchangedy want more evidence that they want more evidence that they will return to their 2% target. the risk is the economy's current strength will not last. l115 economy's current strength will not last. ,, ., , economy's current strength will notlast. ,, ., , ,, ., not last. us economy is strong, inflation is _ not last. us economy is strong, inflation is coming _ not last. us economy is strong, inflation is coming back- not last. us economy is strong, inflation is coming back down i inflation is coming back down towards 2% but the longer they keep their foot pressed on the break, the more likely something will go wrong. for small businesses preparing for what they hope will be another surge in demand, the first cut cannot come soon enough. unilever says it will spin off its ice cream business and cut 7,500 jobs worldwide as part of an extensive three—year cost—saving plan. the maker of ben &jerry�*s, wall's and magnum brands says the move will save $870 million over the next three years. wh

all this and more coming up on jerome x the .