reporter: this is the 30th year for the staple, initially, it was just a couple of days, cofounder kathleen powellprotected a film festival in the heart of text country cannot last. skepticism produced a burning desire to succeed. >> that drove is harder. that pushed back on what has been tried before. we are very driven people. >> reporter: it spans nearly 2 weeks, opening and closing nights this year featured two films, designed to tap into the audience's emotions. >> i want people to walk away knowing they were part of something that you just don't get to do every day. >> it wants from march 3 to march 15 on multiple screens, unto cities, additionally, to maverick spirit awards will be presented this year. in downtown san jose, jesse gary, ktvu fox 2 news. >>> let's take a peek at the temperatures, 65 in fairfield today, pretty warm, 63 in vallejo, temperatures warmer than the last couple of days. we had plenty of sunshine as well, so that is a couple of days, say goodbye to sunshine, say hello to more clouds, very active e it is. this whole complex kind of brings the clouds to our area, the ne

the co-founder kathleen powell is counting down the days. >> the more folks that get out there and tell amazing stories the better we are. >> reporter: they are deeply committed to technology and social awareness and tackling issues such as homelessness. psas will run in many of the shows. >> scary, the rate of people that are becoming homeless daily. it is not going to go away unless we all get involved in it. so we have to be empowered with knowledge. >> more than 600 unique experiences are planned including 130 world and u.s. film premiers, as well as dance, comedy, fashion, music and much more over a 13-day period. were all the experiences, the technology, everything, there has to be a story involved in everything we do. to put it together. it tells a story. >> nearly 900 actors and enover 58thors will be on hand to present their work of a prip opportunity to reach th >> when you come to the offensive, you become engaged with people about flips. >> coming together to learn from one another. abc7 news. >> it kicks off march 3rd. >>> a warning for b.a.r.t. riders. the theft on the ris

kathleen: we are pretty much a domestically focused economy. what about jay powellthe fed's view of the economy? it is in a good place, appropriate policy right now, what do you see? did he say and there is what do we collectively seeing the economy. i thought that in his remarks that jay powell specifically referred to the symmetric 2% toget, it sounded like a nod this idea that if they can get inflation up and it was actually above that 2% target for a little bit, he would not be stressed out because we have been below the target for a long time. there was actually content in that little nod. as i look at the economy, i see two different economies in a puzzling way. your heart goes out to the fed foc members because one part of the economy is still very strong. the consumers are confident, consumer spending is quite lowst, the job market has unemployment rates. that part looks good. then you turn and look at anything related to manufacturing, related to international trade, or the over rate,- overall gdp growth all of those are moderate at best. we are trying to s

kathleen: i want to broaden out. i can't resist, to the fed. fedy, jay powell- the left the rate unchanged, but there were things people took as pretty bullish. certainly the bond market. we saw quite a move. the 10 year yield and 30 year bond yield, after he finished his press conference. worried about inflation, not getting above target, saying the world is doing well, but he's still concerned about the global risk. do you see that move in bonds justified? >> i think so. i think the message from the fed was slightly a touch more dovish than was expected. obviously quite comfortable with the policy-setting, just more to the repo rate, slight basis points. the key message from the fed is they are very committed to having inflation higher. we will see more progress on the late end of this year. message is overall that they are still very alert to external risk, even though i think is too was a moree if it dovish stance. kathleen: how is a fed position in 2020, which may be no rate changes at all, going to view or block asian markets, emerging markets? rate hikes

kathleen: do you detect a slight shift in the tone from the fed since the meeting, when powell worriedinflation, and then followed up with a jobs report and a gdp report with -- report which many people are saying shows lots of momentum. what are you seeing? rob: we have been a little worried about the u.s., not badly worried, but we felt risk that the growth outlook was on the downside rather than the upside. powell's recent remarks are moving slowly in that direction. we think the more scope for easing and risk for tightening, policy may be on pause but that is the bias of risk to the fed. juliette: we want to get more of your thoughts on the fed, rob carnell with ing staying with me read ahead we look at the fed's latest meeting and what that means for monetary policy here in asia. ♪ and later this hour, what is on the agenda for saturday's budget at co. stock mahindra. ♪ the three year in the 10 year inverted for the first time in october, a signal a recession could be coming. the inversion deepened and fed chair jerome powell capped the interest rate this week. with us is rob corn

kathleen: the reserve is meeting tomorrow. no expectation that the fed would be voting to move in any direction. many commentary ahead of the meeting that people are waiting to see if powell seems a little bit worried about this. if he doesn't, you could see the dollar strength and again. hand that there's even a tilt toward potential dovishness here. what is your view? sian: we will definitely hear some kind of comments about this. the coronavirus will have some impact on the u.s. economy. it will still be a few that they will want to keep steady comic keeping straight at this point. it is too early for any more insurance cuts. the u.s. economy is still doing quite well. some of the other downside risks have dissipated a little bit. they will probably wait to see how those insurance cuts from last year are fading through before they do any indication of more rate cuts. juliette: how closely rem central bankers watching this? we just had this phase one trade deal signed. now there is a new threat. some of these other countries might pick up some exports. sian: absolutely. we have a little bit of cautious optimism across the region. overshadowed by the coronavirus. at the