we are honored to host doctors lael brainard president biden's economic adviser and a 14 director the council. we are pleased to welcome her back to brookings and for many for most important decisions in federal service including as vice chair of the federal reserve, treasury undersecretary for international affairs. dr. brainerd on her hat at 1775 massachusetts avenue the founding vice president and director of our global economy development program. i think she started in our foreign-policy program and we have foreign-policy people here that told me. our economic studies as well and as jfk said acces have a -- and as a person who follows this inside baseball whether you brookings metro people doing here? the topic that brings dr. brainard to brookings today as one of which brookings researchers have been focused on for some time how to grow the economy by investing. you will hear later from my colleague mark nero -- mark mark muro who shows the high-tech high innovation sectors over the past couple of decades happened in an exceedingly small number of regions. over the same period a

. >> we are going to talk to lael brainard. major indexes are on track to snap this streak.asdaq coming off five days of losses. that is the longest losing streak since october of '22, and to a large degree, driven by names like amazon. >> when we sold some at the beginning of the week, it was like, it just isn't disciplined. i'm no genie. these stocks were up a lot, and people are saying the same thing over and over, which is they waited until the end of the year, they wanted to show that they own this, and then they can start selling. they're sources of funds, and nothing's changed. the only thing i did see, morgan stanley's the best on apple, and they finally came out today and said app store outperformed growth. people were looking for 8% and change. that's the narrative that no one's talking about, which is that the app store is good. that's service revenue. let's note the fact that there was not -- foxconn come out and say things are weaker, so we had the ability of loop capital, negative on apple, but i want to talk about apple being stronger than microsoft. these are

. >> reporter: lael brainard is director of the national economic council. is the president's top advisor on the economy. we brought her this question from weber. >> what are they doing to fix the economy? if it is so great, why does it need fixing? >> reporter: what's your response to that? >> yeah, so we have seen inflation come down by two-thirds. there are certain goods where they still remain too expensive for americans. we still need to do a lot of work to get health care to be more affordable. i don't know why, but republicans have been resisting those efforts to bring costs down. >> reporter: you are saying that partially why inflation is so persistent, it's the fault of the republicans? >> i'm saying that we are working really hard to bring costs down in the areas that matter most to americans, and in some cases, we really need congress to work with us. >> reporter: back in nevada, weber just wants results. >> i want the fighting to stop. in washington, d.c. it's like mom and dad fighting, and we're all -- all the kids are suffering. our country is

we are honored to host doctors lael brainard president biden's economic adviser and a 14 director the. we are pleased to welcome her back to brookings and for many for most important decisions in federal service including as vice chair of the federal reserve, treasury undersecretary for international affairs. dr. brainerd on her hat at 1775 massachusetts avenue the founding vice president and director of our global economy development program. i think she started in our foreign-policy program and we have foreign-policy people here that told me. our economic studies as well and as jfk said acces have

lael brainard, thank you for coming in. >> thank you. >> sara?>> gaza hospitals are in crisis amid the israel-hamas war. the red cross saying concrete action is needed right now to preserve life-saving medical services in gaza. it warns there are only two referral hospitals left functioning in all of gaza that can provide advanced surgeries and have large bed capacities. a warning, what you are about to see is very disturbing. but it is important to see what is happening there. one of the hospitals facing dire conditions is in ckhan yunis. they've run out of anesthesia and painkillers, and they've been forced to dig graves on hospital grounds. i'm joined by the spokesperson for the palestine red crescent society who is also right now in the west bank. we spoke in november. back then, you were having trouble hearing from your colleagues. communications were down. they didn't have enough food and water. can you give us an update on what is happening inside gaza with those trying to bring in help and aid right now? >> the situation remains to be wor

biden's chief economic advisor, holing your old position as president trump is lael brainard, is thee-chair. i think that they only became democrats as they walked out of the door of the fed. i just hope the discouragement being concerned with climate change and dei is taking hold. i think they have been shamed. the fed's only social concern should be to protect the integrity of the money. larry: of the dollar and price stability. let me read you, this is from, i forget who put this out, i think the "washington free beacon" put this out, okay? these are questions. have you ever worried you're untouched or you know processed natural hair might be deemed unprofessional? first of all i don't really have any hair this is a dei question, steve forbes, you get ready. wait a second this is part of their instruction. they have three instruction sessions, watching tv or reading a magazine do you ever wonder why none of the people or characters look like you? here is another one, when you walk into a store, do you assume employees might be looking at you because they think you're going to stea

[applause] >> thank you very much speed as we take a five to with national economic adviser lael brainardl be on the economic agenda over the next year and investing in communities that have been left behind. this is hosted by the brookings institution. live coverage on c-span2. >> [inaudible conversations] [inaudible conversations] [inaudible conversations] .. onversations] and all will conversation. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] coming up in a few minutes a conversation with national economic advisor focusing on the economic agenda over thei+ next political junkie and i have a chance on informed so i tell people all the time, had no money, one employee, was very get. >> the audience a poll that after the announcement yesterday governor desantis dropping out, tell us what you found out. >> we had about 300 respond. it's not a poll, just a great focus take away for me 75% of or leaders donald trump is going to win the primary, that's a sig

. >> reporter: lael brainard is director of the national economic council.. we brought her this question from weber. >> what are they doing to fix the economy? if it is so great, why does it need fixing? >> what's your response to that? >> yeah. so we have seen inflation come down by two-thirds. there are certain goods where they still remain too expensive for americans. we still need to do a lot of work to get health care to be more affordable. i don't know why, but republicans have been resisting those efforts to bring costs down. >> you're saying that partially why inflation is so persistent, it's the fault of the republicans? >> i'm saying that we're working really hard to bring costs down in the areas that matter most to americans. and in some cases, we really need congress to work with us. >> reporter: back in nevada, weber just wants results. >> i want the fighting to stop in washington, d.c. it's like mom and dad fighting, and we're all -- all the kids are suffering. our country is so divided. >> and jo ling kent joins us now. so how does this inflat

the federal reserve and lael brainard are talking about prices not quite coming down, companies not reducingheir prices perhaps in line with how information is being. do you see this as being a challenge for the federal reserve in the months to come? kathryn: if that is the case, you would expect inflation is somewhat more sticky so it means we may take longer to see cut. if you look at whether market is, the market is pricing in cuts coming in sooner rather than later. i think that's where we will have a bit of a disconnect. i would have to agree. vonnie: if that is the case, when do you anticipate we will start to see cuts? the markets are not fully on board with the federal reserve and its potential three cuts this year. kathryn: the challenge: we have to see more data on the inflation front. i do think, if we look where we are now, we have not gotten to target on inflation and, if you look at signals in general, they have been relatively positive, but there is still a lot of uncertainty. the biggest technical signals are the fact that stock-bond correlation continues to be positive, bond

national economic and council director lael brainard says the industry is generating jobs and u.s. productivity growth. horses told bloomberg a national security review of the nippon steel deal may extend into 2025. >> when it comes to particular acquisitions, we have a law in place that is designed to ensure that national security is taken into account as well as supply-chain resilience. steel is an industry that has very important national security considerations. we've seen that in previous policies. david: now embattled chinese developer country garden has put several properties up for sale for about 530 million u.s. dollars. the assets include a hotel and two office buildings according to statements on the website of a local agent. country garden defaulted on bonds but has continued to pay off yuan notes. blackrock is set to be selling an office complex in shanghai at a 30% discount of its purchase price. sources tell us the asset managers marketing down the property in a move -- at a reduced rate to speed up the sale. blackrock brought the towers in 2018 for a reported 175 --