i asked lockhart why companies are reluctant to hire. >>ñr uncertainty is probably the, to put it in one word, is uncertainty. businesses have been dealing with a mix of elements, the mix has changed over time, but a mix of things that raise the level of uncertainty and make businesses cautious about either investing to expand or hiring. >> susie: a lot of people say the reason that businesses are not hiring or expanding is their inability to get loans. is there anything that the feds can do to encourage banks to loan more? >> well, our role as a regulator really is to work with the banks to ensure that the banking system and individual banks are safe and sound as they possibly can be. it's not our rule to dictate that they lend, make particular kinds of loans or push them to lend. when i talk to bankers, what i hear is they are very much looking for good loans. that they have lert i at least over the last few years raised the standards for lending. >> susie: it's the same issue, we hear stories about how difficult it is for people to ge

our exclusive interview with atlanta federal reserve bank president dennis lockhart. >> susie: with big job losses and lots of financial stress, the recent recession fueled the rise of the pre-paid debit card industry as fewer americans had steady paychecks. but in tonight's "money file," karen gibbs says you can do better. she's founder of the gibbs perspective. >> reporter: seduced by the lure of pre-paid debit cards? resist the temptation, if you can. marketed to those with little access to mainstream financial institutions, debit cards are a source of risk-free revenue for the issuer charging you fees to use your money. the average card cost nearly $300 a year in basic fees, before considering application, activation, cancellation, paper statement, and a host of other costs. there is a cheaper alternative. many online banks and local credit unions still offer free checking accounts, some with a credit/debit card option, and are actively working to address the lack of financial services available to consumers with limited resources. finally, don't forget cash. there are no fees assoc

we're talking dennis lockhart and federal reserve, it's been the battle cry of my next guest since septemberr. we spoke with them here. charles evans joins me exclusively. >> hi, maria. >> thank you so much. something from the fed, do you think it's coming sooner or later? >>. >>> well, i think the u.s. made it pretty clear, the fed is prepared to act and we benefit from and things are weak. the jobs numbers is not a recovery. >> that's true. the employment numbers have been stronger than that and the months before and despite the recovery and it's not going to be enough to improve the unemployment rate and we need stronger growth. i think with all of the risks that we're facing, we would be in a better situation to withstrand and that's why i think more of a accommodation would be good. >> how is that accommodation good? is it buying securities? it's not cut canning interest rates at these levels. what is an accommodation, specifically? >> there are two aspects of this. one, in the absence of something clearly happening, like in europe, i think we can improve on our poor guidance. i think t

certainly dennis lockhart on the front page talking about the fact that further easing is an option. now, we don't necessarily -- we're not necessarily sure it comes june 20th, but it will certainly probably come after. >> i'm going to get to peter in a second. peter, thanks for your patience. i have to follow up with gina on that. what could they do, gina? what could the fed do? how much more can they affect the long end of the curve? is more mortgage buying really going to help on the margin? what could the federal reserve actually do at this point? i'm confused. >> not that much. i totally agree with you. not that much. but that doesn't mean that they're not going to try, right? that's like sort of the dance band on the titanic. not the way the titanic -- this is just a recovery that's going to take a long time and everybody has to sort of accept that. we're expecting 2% this year. 1.8% next year, which is probably a little different from consensus. but that's kind of the kind of recovery we're having. >> yeah. >> anemic. >> do you think it's possible that ben bernanke thinking la

we'll hear from dennis lockhart and evans later. of financial regulators that monitor systemic risk will meet at some point later today. >> they wake up, see how they feel, and they say, hey, how about 3:00. i don't know. is that how that works? >> probably more or less. they do it around the football. anyway, raj gupta on trial for insider trading won't take the stand in his own defense. gupta is charging with passing hedge information to another when he sat on the boards of goldman and procter & gamble. he's serving around 11-year prison sentence. after calling high-profile witnesses like goldman's lloyd. >> this is a live shot. gordon brown is testifying. this is an inquiry and their relationship between politicians and the media. later the current prime minister david cameron will also take too the stand. >> what's at stake for the levenson hearings? >> control of the press. >> that's a small one. >> yes. i think the point is the rules are already in place. they need everybody to obey the laws. >> well, we'll keep an eye on thos

lockhart speech at 8:15. and fed vice chair janice yellen at 7:00 p.m.from the chairman ben bernanke. fed is considering whether the recent string of disappointing u.s. economic data, the downturn in markets and increase worries about europe's debt crisis may warrant taking action. the "wall street journal" says it's likely the fed won't make any moves. but we'll see what language they use to indicate what their plans might be going for. a look at how u.s. futures are doing this morning, keying off those gains that we saw that were just mentioned across europe. the dow opening up in triple-digit range and that follows some gains yesterday as well. joining us now for a preview is greg mcdaniel, president of mcdaniel corporation. craig, gurng. what's driving the day in the u.s.? are you surprised we're not seeing more concern in markets? >> well, you know, there's a lot of uncertainty in the marketplace right now. and, you know, i'm more of a big picture type guy and i'm actually on the front line working with my clients and my client are pretty concerned

a number of other central bank officials will be out speaking today including lockhart, fisher, evans. a lot more than that. also beyond the fed heads, a few other economic events of mote today. at 8:30 a.m. eastern, we'll get you weekly jobless claims and this afternoon we'll get consumer credit. >> i thought there was one other fed official talking, too, today. >> yes, you saw me -- >> wasn't will one other one? >> there was one. >> why would we leave one out? >> i was so embarrassed about possibly getting will wrong. >> you were the one who said you can skip over names. >> what if it turns out he's the one that says like the most important stuff and people will go i didn't know he was talking. >> coche cota. i practiced it. i would consider naming that when naming the guy. there he is right there. put that on wheel of fortune. they would never get that. >> there was a 6-year-old on. >> i was graduate when slad whe. she was just too smart. >> oh, come on. >> eight and nine year would ons are am i stupid? m nasdaq will offer 40 plld in cash and rebates to clients harmed by its mishan

but please join me in thanking general dirk jameson, jon wolfsthal and trina lockhart -- trina flockhartpplause] [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> as we continue with our coverage of the arms control association conference on nuclear nonproliferation issues, they will start up in a couple of minutes, we'll hear about the ongoing international negotiations of iran's nuclear program. among the participants, thomas pickering and the former iranian nuclear envoy. and then coming up at about noon eastern we expected from the event keynote speaker, the acting undersecretary of date for arms control and international security and the new s.t.a.r.t. make a shooter. is all getting underway and a couple couple minutes you on c-span2. [inaudible conversations] >> as we wait for the next nextel to convene the u.s. senate will return to work today after a weeklong memorial day break. the chamber will gavel in at qb and -- at 2 p.m. eastern this afternoon. also making it illegal for employers to retaliate against employe