at 2:30 jerome powell takes questions from the press. let's to to edward lawrence at the federal reserve. reporter: the federal reserve leaves rates unchanged. the fed forecasts no more rate hikes this year and only one rate hike in 2021 saying there, they will stay under their 2.8% long-range federal funds rate through 2021. the federal reserve lowers gdp out look to 2.1% from 3%, lowering out look next year to 2%. federal reserve sees unemployment rate bottoming out at 3.7%. but rising for the mex couple years but still staying under 4% through 2021. the fed revises over all inflation outlook for this year to 1.8%, revising it down. they believe that they will stay under the target range for inflation but core inflation, without fast, without food will be at the 2% target range. federal reserve stopping thinking federal balance sheet in october. they will come down by $135 billion between now and october. it does not include though mortgage-backed securities which is capped at $20 billion. after october, those will be reinvested then i

institution you mentioned that's real that's day to day stuff going on going back to december jerome powell talking with jamie diamond that not being in the news why wasn't that and why didn't the news the sort of mainstream media talk about how we changed in january changed how all the sudden we're going to take money away from the banking system from the markets and now we're going to give it back we're going to make it more expensive to them now we're going to make it cheaper why didn't that story get covered it's a very good question and if it did get covered you would have much more economic frustration which ultimately is what's behind a lot of people want change they would they know there's something economically unfair and they don't know where to point their fingers and is a problem that publicly we are talking about rachel maddow is a useful idiot for defense contractors thank you so much because reporting only friends thank you and that's going to do it for this edition of cars a report with me max kaiser and stacey over like this like our guest nomi prins to . try to catch us on

if he had not interceded, had the 90-day nightmare inaugurated by jerome powell, do you think that wouldmplained about trump complain being powell. i am no longer complaining about trump complaining powell. i was wrong. powell was going too far too fast. the bond market was telling him so an was not listening. sometimes the markets are yelling and screaming and he answered back. part of it was trump. part of it was mnuchin right around christmastime. there was no coincidence they had the big phone call and the big meeting. lou: mnuchin, i believe he recommended jerome powell to the president which i thought was an interesting choice. >> he's on the good side now. lou: as long as he stays there. i think they need to pay close attention to markets. they will lead you to where you need to go. >> i say less is more from fed chairs. lou: up next, the president earns high praise from law enforcement for securing our southern border and supporting them. >> this is not political propaganda, we have a dire crisis on our southwest border. america stands behind the president of the united states 10

. >>> coming up fed chair jerome powell upbeat on economy. he is still playing ball. he will not interrupt it. a lot of talk about president trump firing him. wait until you hear what he had to say about that next. ♪ when it comes to so,type 2 diabetes,.. are you thinking about your heart? well, i'm managing my a1c, so i should be all set. right. actually, you're still at risk for a fatal heart attack or stroke. even if i'm taking heart medicine, like statins or blood thinners? yep! that's why i asked my doctor what else i could do... she told me about jardiance. that's right. jardiance significantly reduces the risk of dying from a cardiovascular event for adults who have type 2 diabetes and heart disease. that's why the american diabetes association recommends the active ingredient in jardiance. and it lowers a1c? yeah- with diet and exercise. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea,

at 2:30 jerome powell takes questions from the press.o to edward lawrence at the federal reserve. reporter: the federal reserve leaves rates unchanged. the fed forecasts no more rate hikes this year and only one rate hike in 2021 saying there, they will stay under their 2.8% long-range federal funds rate through 2021. the federal reserve lowers gdp out look to 2.1% from 3%, lowering out look next year to 2%. federal reserve sees unemployment rate bottoming out at 3.7%. but rising for the mex couple years but still staying under 4% through 2021. the fed revises over all inflation outlook for this year to 1.8%, revising it down. they

dollar is too strong and criticize jerome powell "likes raising interest rates." likely is the president to get his wish for a weaker dollar? >> not likely. the data is stronger here than globally. it hints towards a stronger dollar. the thing that could weaken the dollar would make president trump and jerome powell happy, these places abroad that are impairing the global economic outlook. if you see this though down take hold in germany and china turnaround, you could see a weaker dollar and everyone would be happy about that. >> president trump is trying to counter what he believes are unfair trade practices. the u.s. president says he intends to terminate key trade preferences for india and turkey. what does it mean for india and turkey? >> it is a surprise, because the various protagonists in this debate have been talking for some time. i think the talks with india go back to april last year. what appears to have happened is mr. trump lost patience with the negotiations and has decided to raise the stakes by announcing that he would withdraw india and turkey f

trump said of fed chair jerome powell, we have a dollar who likes a strong dollar in the fed.ng dollar but not coming at the expense of u.s. competitiveness. >>> a new nbc news "wall street journal" survey shows trump trailing a democratic rival. according to the poll, 48% of americans plan to vote for the democratic candidate opposing trump compared with 41% who support the president. now trump's overall approval rating has ticked up to 46% since the end of the government shutdown geoffry, i want to bring you back into the conversation focussing in on those comments from president trump over the weekend on jerome powell, is there anything really new in what we're hearing in terms of the president's critique of jerome powell. >> no, not really. i think any central banker with any self respect would say i don't mind a strong currency as long as it doesn't mean a start to import deflation, right especially if the countries don't export that much so i think markets actually not taking this too much into account. >> the fed is on a much, much less hawkish footing is that the right

jerome powell holds his march news conference on the economy and interest rates. at five: 30 p.m., from the center for strategic and international studies, we hear about china and how it policies impact the u.s. after morning on c-span2 several failed votes on plans for the u.k. to leave the european union, prime minister theresa may answers more questions from members of the house of commons. then, patrick shanahan and house arms service subcommittee chair jim cooper speak at a forum on the trump administration's 2020 and the evolving national security priorities in space. later, the american bar association releases a report with recommendations on reforming immigration policy at the order, in courts and in federal agencies. a 9:00 a.m. on c-span3, discussion on authoritarianism and the u.s. response. once, tv was simply three giant networks and a government supported service call pbs. in 1979, a small network with an unusual

chairman jerome powell weighed in on whether or not mr.fire him. >> can the president fire you? >> well, the law is clear that i have a four-year term, and i fully intend to serve it. >> so no in your view? >> no. >> how independent is -- >> reporter: powell went on to say that president trump's criticism of the central bank and its interest rate hike played no role in the fed's decisions to hold off on raising interest rates for now. >>> today, january's retail data kicks off a busy week filled with key economic data. now this report was delayed due to the partial government shutdown. on wall street, the dow closed down 22 points friday. the s&p 500 lost five. the nasdaq dropped 13. >>> igloo has recalled eight different coolers after a florida boy got trapped inside one. the company says the products in question are marine elite coolers with stainless steel latches sold throughout west marine stores. igloo is working to send consumers a latch replacement kit to fix the switch on the current latch. earlier this month a 5-year-old boy hid

. >> tonight a rare interview with the chairman of the federal reserve, jerome powell. on the health of the u.s. economy, interest rates, and the threat of cyber attacks. >> i would say of the risks that we face, that certainly is the largest one. >> we also talked with his two predecessors. i wonder what kind of advice you've given chairman powell about the withering criticism that you might get from the public, congress, business, the president. >> what we saw after president trump was elected was the most energized citizenry around civil liberties and civil rights that i have ever seen. >> that's what democracy looks like. >> the a.c.l.u. has been flooded with new money an members. and it's using controversial new tactics like an ad opposing the kavanaugh nomination. its former director isn't pleased. >> for the a.c.l.u. of all organizations to be complicit in converting accusations into convictions without a trial... >> i'm excited. >> we have been following a cutting edge clinical trial at the national institutes of health using gene therapy on a brutally painful d

jerome powell says we are the best house in what looks to be a touchy market at the moment.are talking about the whole planet slowing down, except for the u.s. why would you tell your clients to get out of u.s. equities? >> liz, it's always tough to be an equity bear when the stock market's up, so i have my work cut out for me today but to me, there's two things really that are concerning to me. first of all, complacency. complacency and urn certainncer. they are the two worst things for the market. it's measured by volatility. it was very suppressed until the fourth quarter -- liz: you are talking about the long-term vix, the volatility index. >> exactly. the vix was the most volatile in that fourth quarter period since the third quarter of 2011. we saw a very rapid sell-off of 19% in a very short period of time. the second is uncertainty. uncertainty perhaps is the worst thing for markets right now. whether there's uncertainty about how the wall is going to get funded by president trump, what's happening with china, let's not even talk about what's happening with italy and

is not russia it's jerome powell is janet yellin it's james cramer it's c m b. see it's j.p. morgan it's jamie diamond ok then that would be a problem because then the social contract to be so obviously broke at that point they do not have the number of police cops and military to contain the outrage at that point yeah i think ultimately if you look at all of those people an institution you mentioned that's real that's day to day stuff going on going back to december jeroen powell talking with jamie dimon that not being in the news why wasn't that and why didn't the news the sort of mainstream media talk about how we changed in january and changed how all of a sudden we're going to take money away from the banking system from the markets and now we're going to give it back we're going to make it more expensive to them now we're going to make it cheaper why didn't that story get covered it's a very good question and if it did get covered you would have much more economic frustration which ultimately is what's behind a lot of the nationalist signal minson everything that's goin

defaults we're going to get stuck holding the bag again so they go back to the fed and they say to jerome powell who raised rates four times last year like this isn't really going to be good for us we need our money to continue to be cheap we need our money through the yield curve to continue to be cheap so powell says in january ok fine i'm not going to raise rates he also said basically last week i'm not going to raise rates i'm not going to continue to buy assets or not to continue to tighten assets sell assets throughout the rest of the year come september everything is going to be cool therefore will ultimately an inverse and that's only because there's going to be more money supply coming into the beginning of it because rates are going to stay low and to the end of it because ultimately there's going to be quantitative easing or the ending of quantitative tightening which is going to bring you down in the long and so the whole thing is basically going to be more and more flat as opposed to inverted. they radically goal but that's alternately how speculation is done right so that the so th

ashley: federal reserve chairman jerome powell wrapping up his press conference just a short time ago, patience is still a virtue, the fed is living by, apparently. again in front of the cameras edward lawrence in the room for that what did you think was the highlight today? >> you know, very interesting it seemed ashley that the federal reserve chairman was listening to the markets and what the markets wanted. he says he wants to sustain the expansion that's going on, while saying the economies in a very good place as of right now. he talks about as you said patience going forward, in fact signaling the federal reserve would not raise rates this year, and one rate hike, for next year , now i counted five down grades. if the fomc statement that was put out here five downgrades so i wanted to know what conditions would it take to having another rate hike or a rate cut. listen. >> so in terms of what it would take, i'd say again, today, we don't see data coming in that suggests that we should move in either direction. they suggest that we should remain patient and let "the situation" cl

certainly a champion of president trump who has been a major critic of the current fed chairman jerome powellthere are plenty of seats on the fed board. 11 of the 17 support no interest rate increases this year. once again, the big headline of the moment at west palm beach, the president will nominate stephen moore to the fed board could guy: a great -- the fed board. guy: a great guest to talk about that. let's get to the market details. here's dani burger. the tumble that started with bond yields is spreading throughout the market. u.s. yields lowest in a year but at least they are paying you something with 2.44. is this structural or is it a recessionary signal? something that is being debated as the day continues. tightening happening in turkey. surprising the market. today at thealling risk off rally continues. europe and s&p 500 both falling by more than 1%. banks weighing on the major indexes. the only place where i can find positivity, out performances in the bond proxies. oil also dropping more than 2.5%. the euro is another thing we are seeing falling with that disappointing data. o

. >> coming up, and news conference with federal reserve chairman jerome powell. that conference is scheduled for 2:30 eastern, live on c-span. host: our first guest is the president of the american enterprise institute. author of the book love your enemies: how decent people can save america from the culture of contempt. arthur brooks, good morning. >> how are you? host: i'm fine. people the enemies? >> consider all sorts of folks their enemies. the problem we have in america today is increasingly we see people on the other side of the political aisle as our enemies. we are more polarized than we have and since the civil war. one in six americans have stopped talking to a family member or close friend since the 2016 election because of politics and 93% of us hate it. so clearly we are doing something wrong. we are seeing the wrong people as our enemies. if we actually love the people and we in our midst treat people with warm heartedness instead of contempt we will find out they were not our enemies after all. host: what happens when you use the word love in thes

. >> the federal reserve chair jerome powell says the u.s. economy remains strong, but dangers are brewing. in his semiannual testimony on the state of monetary policy, powell noted the fed is watching the state of affairs closely and is prepared to adapt policy if warranted. >> this is a good time to be patient and watch and wait and see how the situation evolves. >> was the fed on message or did you hear anything off-track? >> jay powell was very much on message. he's doing his best not to move the market at all. it appears that he succeeded in not moving the markets at all. he repeated the sort of now-standard fed prescription for the economy of patience, watch the data as it comes in. the economy slowing, but at a pretty good spot. he says if inflation is low, there's no reason to worry about raising rates, we'll keep an eye on things going forward. >> big news out of europe today. prime minister theresa may gave a report to parliament on progress on her brexit plan. in giving that report, she laid out next steps, either approve the plan o

speaking of the president, he took a swipe at jerome powell over the weekend. the attacks have continued. does that worry you? it seems that jerome powell found his footing in his testimony and measured his words a little better. >> it was nice swipe, though. i wouldn't say he attacked him. it was a tiny reminder about to keep rates low. we don't he know what's going to happen this year with th with t. trump has a point. cheryl: let's get back to some of these numbers that we're watching, construction spending fell 0.6% in december, so a little bit of concern about the housing market and also the commercial space as well. you've got earnings coming out today from some of the retailers. what are you expecting from target and kohl's? there's been a lot of concern about target now going direct against amazon because that grocery business has been so good for walmart and target. now amazon is like oh, not so fast, folks, we're jumping right in. >> i think target's the one to watch this morning that could really do it. i don't know. i believe if target gets up over

the president has been attacking jerome powell for months.that the markets are starting to ignore what the president has to say. used to kind of make us jittery. lately it has not done that. why? >> i think the market is looking more towards what the economy is actually doing and the raw data that's coming out. you can't blame the president at the end of the day for wanting a weaker dollar and lower interest rates. every president wants that around the world. what the president needs to be careful of is to separate the powers between the white house and monetary authority. when you look at actual raw data, whether it's th core pce inflation data, you look at jobs and manufacturing and wages, everything looks pretty good. and so i think if i'm jay powell i'm going to be holding tight which is what the market's pricing in. in fact, now there could be some probability of lower interest rates by the end of this year, now that probability's up to 20%. cheryl: the markets love to think positive. the data is there if you look at what happened in feb

and federal reserve chair jerome powell holds his march news conference on the economy and interest rates. that is live at 2:30 on c-span, c-span.org, and on the free c-span radio app. >> transportation experts discussed the prospects for bipartisan bill to invest in and improve the nation's infrastructure. representatives from the league of cities, chamber of commerce, and the american association of state highway and transportation officials spoke at a legislative conference hosted by the american public transportation association in washington. this portion is about 50 minutes. introducei want to the executive director of the american association of state and highway transportation officials. they represent the state dot's in all 50 states, including the district of columbia and puerto rico. jim is relatively new in his position as executive director, at he has been at ashto number of years and brings fable experience and perspective. next is the senior executive director of federal advocacy for the national league of cities, which is dedicated to helping city leaders build better comm

you know he's not a big fan of the guy he picked to run it, jerome powell. who might be an agitator on that board, talking about stephen moore. blake burman has more from the white house. hey, blake. reporter: you hit it spot-on. the president, his pick to lead the federal reserve chairman jay powell didn't go exactly as planned so now he's set to nominate steve moore to the federal reserve board of governors, someone he knows very, very well. someone that's also known pretty well not only in circles here in washington but in television also. steve moore started club for growth, for example, he was chief economist over at the heritage foundation. he's been a contributor, of course, for fox business, fox news. he put himself in president trump's orbit back during the 2016 campaign when moore, along with larry kudlow, the president's top economic adviser over here at the white house, helped shape president trump's economic platform, most specifically the president's tax reform plan that he put forth out on the campaign. moore in the last several months or so h

everyone thought jerome powell would be raising. markets did well. he's looking at markets and u.s. growth. there are indications he should think about raising rates again. the u.s. economy is doing well, employment is doing well, and markets are healthier. manus: some people say we dodge the bullet growth on friday in terms of the gdp numbers. surveys, some of the we have this in the library, the atlanta and new york fed surveys, they aren't as if yousef. there is an interesting downturn in some of the recent data. you think about what happened at the end of last year, early this year when you had the business with the government shutdown, when you had the fed tightening, it is surprising that growth is so strong as you look in the employment data. it is not a disaster. tohink the fed still wants create as much room as possible to be able to cut when things do take a downturn. manus: do get the sense that powell has boxed himself in. it is a tricky game to play. he is really pushing the boundaries on what is acceptable to say, but he does have market supporting him. when you have m

. >> jerome powell continues to directly commenting on the criticism he's received from president trumpreasserted the central bank's independence. we have more on this interview. a lot of analysts analyzing every word jerome powell had to say. >> reporter: as always, louis, absolutely that was interview. >> absolutely, that was the key. he stood by the fed's stance that they can be patient when it comes to the future path of policy as it watches incoming data. he said there's no reason this economy cannot continue to expand but confirmed they will likely be on hold for a while. on president trump and his criticism, as you mentioned, powell continued to avoid direct comment on the president's criticism of the central bank but said he does not think he can be fired by president trump. >> i want to give you a brief update on where we stand around the tragic ethiopian airlines crash faced yesterday. boeing is facing real questions at the moment around their new 737 max jets after this accident. this was the same plane involved in the famous lion crash in indonesia. china has now suspended a

visit ncicap.org] later in the day wednesday, jerome powell hold a news conference as the federal reserve board meets. that is 2:00 p.m. eastern and live on c-span. it's hard to believe that it has been 40 years since the creation of c-span. i just want to take a couple of second-tier to thank a lot of people for how we got here. whot with the viewers popularized this and spent time watching the government make laws, discuss issues and frankly, give us an opportunity to find out how interested americans are in civic affairs. secondly, need to thank the upgress because they opened the house of representatives to television and because of that we were able to put together c-span. the house of representatives to third, and probably will support , executives creating cable television systems back in the years we started. there's no federal money in anse networks that we have -- and creating a public affairs network. those individuals stopped long to say let's try something unique and different that does not make money for us, but provides a service. viewers, the united states congress and our

anywhere the fed decision on rates is moments away followed by the live press conference from jerome powelloin tyler and melissa for that it begins right now. >> thanks, we'll see you shortly. stocks are down ahead of the fed's latest decision. will powell give investors a boost with his news conference let's bring in david kelly, rebecca patterson. also a cnbc contributor p and paul, senior fellow at cornell law school former chief economist at pimco. welcome to you all rebecca, i'll start with you how much more dovish can powell get and at what point does that turn into bearishness for the markets? >> the debate today is do we go down for a median dot or hike this year or zero. i think that's, slice the baloney thin here. it's going to be the tone of the press conference how patient are we on inflation and the details around the balance sheet. it's not clear exactly how much detail we're going to get in today's meeting versus a meeting in may or june people are going to be looking at thin bbloaloney today the details will be determine how market reacts today. bigger picture though, a lot

we are awaiting the second fed rate decision of 2019 followed by a news conference with chair jerome powellcials expected to hold rates ready but everyone looking at that dot plot. how much they downgrade their expectations by. caroline: such a difficult tightrope. they don't want to worry the markets too much, like the ecb did a couple weeks ago, but they want to guide the markets, they have their backs, still looking pricingthat the market in a rate cut. scarlet: it is a matter of saying you'll be dovish but not so much that people start thinking, what does the fed know that we don't know, that they had not told us? clearly all of that people have to work through. markets are a little nervous before hand. concerns about china, trade talks pushing down on the market. trump said maybe we will not walk back those tariffs. euro is key, after any dot plot move. euro-dollar tends to move more than the stock market. .eanwhile, the dollar flat keeping an eye on high-yield overall as well. it has been a key up performer this year. scarlet: joining us is got guggenheim co-founder. what are you look

and federal reserve chairman jerome powell holds his march of news conference on the economy and interest rate live at 230 on c-span, c-span.org, and the fruited -- the free radio app. fda commissioner scott gottlieb discusses his tenure and the future of the fef. he is stepping down from the position in two weeks. from the brookings institution in washington, this is about one hour. >> good afternoon, i'm david wessel, direction of the questions center on fiscal and monetary policy. and thef of our center brookings schaeffer institute for health policy, a name not chosen for brevity, i would like to welcome everyone here. scott's biography is so long i had to write down, it is hard to believe he's only 46 years old because he has done the following things. a financial analyst, a practicing physician, a think tank fellow with a venture capitalist, a consultant and director, three separate stints as the idea -- at the fda. of course, since he doesn't 17, he has been the commissioner, and as most people are aware, also a cancer survivor. sometime along the way, he managed to have three kids

fed chair jerome powell holds his marching news conference on the economy and interest rates and at 5:30 p.m. from the center for strategic and international studies, we hear about china and how its policies impact the u.s. in the morning on c-span2, after several failed votes on plans for the u.k. to leave the european union, prime minister theresa may answers more questions from numbers of the house of congress. then acting defense secretary patrick shanahan and house armed services subcommittee chair jim theer speak at a form on 2020 budget and evolving priorities in space. later, the american bar association releases a 300-page report with recommendations on reforming immigration policy at the border, in courts, and in federal agencies. annette :00 a.m. on c-span3, a discussion on authoritarianism and the u.s. response -- at 9:00 a.m.. >> c-span's "washington journal," with the news and issues that affect you. tuesday morning, arthur brooks discusses his new book love your enemies, how decent people can save america from the culture of content, and harvard professor stephen levits

jerome powell did say the next move could be a rate hike or cut.ions to put to our guest. let's check on the markets in asia. juliette saly has more. we have japan out of action today. watching the msci asia pacific index, you can see it is a risk on decision as we did see that dovish fed coming through overnight. we did see weakness earlier in the session breakdown. he also had a surprise drop in unemployment in australia, falling the most since 2009 for the month of february. in likelihood of a rate cut july dwindled. the csi 300 falling flat. a lot of money going into ems. the philippines coming through with a rate decision in a couple hours. let's have a look at the stocks we have been watching. cuts. announcing output that has seen the chipmakers rally. samsung currently up by almost 4%. blockade in peru . the government minister in peru saying that could cease. a lot of money going into that company in hong kong. i thought i would end on a beer stock. china resources off. it came through with its -- missing lowest estimates. they do believe t

fed chairman jerome powell is expected to announce whether or not the central bank will raise short-termrates. on wall street the dow closed u nasdaq rose 57 points. >>> president trump is stepping up his pressure on general motors to reopen an ohio manufacturing plant that recently closed. the president says he spoke with the company's ceo, mary barra, and wants the lordstown plant to reopen or find another owner. the closure of the plant put 1,700 people out of work. the company intends to close four other plants in north america by early next year. >>> new guidelines say low doses of aspirin should no longer be given on a routine basis to prevent heart attacks. the news comes from the american college of cardiology and the american heart association. they say the risk of serious bleeding outweighs the benefits. doctors started advising patients to take aspirin more often in the 1980s and 1990s after studies showed it could help prevent heart attacks. doctors may still prescribe aspirin for some older patients with increased risk for heart diseases. >>> it's finally legal to bet on mar

iechl going fight for sound money at the fed. >> neil: how will you get along with jerome powell? >> i've never mets the man, i can't wait to meet him, truly. i want to lay out my case to him, he's the chairman, makes the decisions. i look forward to -- i'm just going to tell him, if we get the monetary policy right on top of the dax cuts and deregulation the economy will soar and chairman powell you will be a hero if you get it right. >> neil: we'll watch closely, steve moore, be well. >> thank you. >> neil: a lot more on what was behind the attorney general barr's findings before congress and getting them out to congress so much soonger than people thought, bvt after this. guys go through a lot to deal with shave irritation. so, we built the new gillette skinguard after this. oer than people thought, after this. oner than p thought, after this. the best a man can get. gillette. the biggest week in television is almost here. xfinity watchathon week. starting april 8th, enjoy free access to the best shows and movies from hbo, showtime, epix and more. what! whether it's more jaw dr

despite the changes, chairman jerome powell maintained a positive outlook. >> the da are not currently sending a signal that we need to move in one direction or another. participants usually see a growth of 2%, unemployment belo, hey see inflation remaining close to target and they see growth, as i said, around 2%. so that's a positive outlook, it's a favorableoutlook. >> still the fed downgraded from 2.2% to t2.1%s year and powell highlighted risks to the economy from global developments. >> you see slowing global . grow there's no resolution of brexit, there's no resolution really of the trade talks. these are ongoing risks. we're also carefully monitoring what's happening with u.s. growth. we called that out in our statement, that the litedata that we have do show a slowdown. on the other hand, as i w mentione see the underlying economic fundamentals for growth this year astill very positive. >> finally, powell noted that downward pressure on inflation is a p majorssure on the fed and central banks around the world but no hint from powell about what the next move is up or down. he g

he is a defender of tax cuts and has been crical of policy moves made by fed chair jerome powell, just as he president has. >>> time to take a look at some of today's upgrades and downgrades. best buy was upgraded to outperform from perform. the an roois cites improved sales and earnings power. despite the heupgrade, stock fell a fraction to $70.11. >>> chipotle was upgraded to neutral from underperform at webb bush securities. the anast cites channel checks hat suggest a more than 6% increase insame-store sales in the first quarter. the price target is $640 which is below today's closing price of $671.46. >>> lululemon was downgraded to neutral from outperform also at webb bush securities. the analy cited a tougher economic environment for retail and the potential for lower margining as a result. price target now $155. that stock fell more than 3.5% today to $143.21. >>> and biogen was downgraded by a numr of firmstoday, n cluding morgan stanley, which lowered its ratinge stoc to underweight from overweight. the analyst cited the failure of the two alzheimer's drug trials that we told

recently fed chairman jerome powell made an historic trip to the delta, speaking to students and attending a conference with investors, bankers, and community activists to shine a spotlight on the problem of the unbanked >> access to safe and affordable financial services is vital, especially among families with limited wealth whether they're looking to invest in education, start a business, or simply manage the ups and downs of life. >> reporter: access to banking is such a problem down here that it was only in 2015 that hope opened the town's first bank atm. >> when hope came in, they -- that was the first thing they did. they knocked a hole in the wall and put an atm machine there there was very little business that you could conduct here in moorhead >> reporter: financial counseling means farrah should be out of bankruptcy by november >> once i get out of bankruptcy, i know it may not be the fattest account, but i'm looking to have enough money in hope that if i have a dry day, me and my girls will still make it so i had to learn to save small to get to be >> reporter: for the unbanked

the fed has decided not to raise interest rates with chairman jerome powell suggesting the central bankill likely leave its benchmark lending rate unchanged for months. >>> and there are two big consumer names to watch today. nike and levi, for different reasons. nike will report third-quarter results. and after 34 years as a private company, iconic denim maker levi strauss goes public again today. the brand has priced shares at $17 apiece for a valuation of roughly $6.6 billion. >>> here on wall street, stocks finished mixed. the dow tumbled 141 points yesterday. the s&p 500 lost eight, while the nasdaq rose five. >>> apple has announced the second generation of the world's most popular wireless headphones. the new airpods will have faster connect times and more talk time. the new model also allows user to say, "hey, siri," instead of attaching the side to access siri. they also support wireless charging with a new wireless charging case. >>> as march madness heats up, many employees are jumping into office pools. in a recent survey, office workers admitted spending an average of 25 mi

fed chair jerome powell holds his march news conference on the economy and interest rates. at five: 30 p.m., from the center for strategic and international studies, we hear about china and how its policies impact the u.s.. in the morning on c-span two, after several failed votes on planes for the u.k. to leave the european union, prime minister theresa may answers more questions from members of the house of commons. then patrick shanahan and jim forum on theat a trump administration's 2020 budget and the evolving national security priorities. later, the american bar association releases a 300 page art with recommendations on reforming immigration policy at the border and federal agencies. c-span3, a discussion on authoritarianism and the u.s. response. morning, acting defense secretary patrick shanahan and house armed services subcommittee chair jim cooper speak at a forum on the trump administration's 2020 budget and the evolving nationals already priorities in space. we will have it live at 9:00 eastern on c-span, right now, former nasa administrator charles bolden talks

and federal reserve chairman jerome powell holds his march of news conference on the economy and interest rate live at 230 on c-span, c-span.org, and the fruited -- the free radio app. fda commissioner scott gottlieb discusses his tenure and the future of the fef. he is stepping down from the position in two weeks. from the brookings institution in washington, this is about one hour. >> good afternoon, i'm david wessel, direction of the questions center on fiscal and monetary policy. on behalf of our

show you a recent campaign stop with democratic presidential candidate beto o'rourke, followed by jerome powell on the u.s. economy and the fed's intention not to raise interest rates for the later of the year. talks abouthenson the company's priorities and wants to, in the telecommunications industry. announcer: beto o'rourke paid a visit to new hampshire for the first time since announcing he is a candidate for president. the former democratic congressman talked about several topics, including climate change, health care, and immigration and met one-on-one afterword with local residents. how's everybody doing tonight? kellyhear it first on r. -- let's hear it for senator kelly. let's hear it for -- let's hear it for new hampshire. thank you for welcoming a .tranger from far west texas we bring you greetings from el paso, the town in which i was raised, the town in which amy and i were raised and our three kids. her littlelly, and brother henry. go to the sameem world-class public schools that i went to when i was a kid in el paso in an extraordinary dual language program where one day they ar

most recently, the chair of the us federal reserve, jerome powell, has said that the central bank doesto interest rates. the committee will announce their decision on wednesday. joining us is simon derrick, chief markets strategist at bank of new york mellon. the fed meeting later this week will bea the fed meeting later this week will be a big factor on the markets. the fed meeting later this week will be a big factor on the marketslj think be a big factor on the markets.” think it is. over the course of the last few months, the message from the us central bank has changed. if you go back to october and november, they were very gung ho about hiking rates and continuing to take money out of the system. let's call it quantitative easing's opposite, quantitative easing's opposite, quantitative tightening. but now there are concerns about a global slowdown and what is happening in markets. the message has changed. we are likely to see them perhaps announced that they will bring to a close this programme of reducing their balance sheet. the jobs figures were quite disappointing for the pre

. >> coming up, and news conference with federal reserve chairman jerome powell. th