reflecting these positive elements, the npc judged it was appropriate to maintain policy. clear, these are still early days, and it is less of a case of so far, so good than so far, so good enough. it will be hard to follow through on the recent pickup in surveys and for domestic price inflation to strengthen. economy looks to be recovering, but caution is warranted. evidence of a pickup and growth is not yet widespread, and any one the known risks, such as a renewal of trade tensions, could reverse recent progress. the emerging threat from a new strain of coronavirus is a reminder of the need to be vigilant. in the u.k., although early signs are encouraging, recoveries in growth and inflation are also not yet assured. uncertainty is still elevated by historical standards, strong investment intentions need to be translated into action, domestic price inflation remain muted even as growth in labor costs have risen. core inflation has slowed over the past year, and core services inflation has generally been somewhere below the rate estimated to be consistent with the inflati

>> one of the reasons the npc is talking about this is they acknowledge they do not have a lot of monetaryn. if you are going to get growth or inflation expectations to pick up, the government and their manifesto prior to their election said they are not going to change their spending outlook. to be a biggoing increase in investment spending. when you have investment spending at these levels, we would argue for an economy like the u.k., it makes absolute sense to be doing that, so we are expecting an increase next year. infrastructure spending does not short-term impact. certain parts of the u.k. clearly require that sort of stimulus. from the a dovish tilt bank of england, what does sterling do? >> i think at this point, sterling is likely to stabilize a bit. we're talking about can we assure markets? there got this under control. in the second half of the year, to bring back the brexit situation, it is going to start causing serious alarm that we may not get that deal done by the end of the year and if we don't, does the government mean it when it says we are going to leave whatever happ

to my immediate right, a former npc president and the cochair that organized these events. we have amanda bennett, the director of voice of america and this year's national press club state honorary. next to amanda is mary williams, james' daughter. next to mary, rebecca baker, she's deputy team leader at bloomberg law and a past president for professional journalist. gil kline, the university of oklahoma, washington bureau chief and pc's past president. valerie hopkins. the correspondent at the financial pass. thank you for being here. actor jane fonda turns 82 this saturday. pretty impressive, huh? [ applause ] >> however, she was in jail. since she moved to washington in sech september, she engaged in what she calls the fire drills. protest on climate change. friday will mark her 11th protest and her fifth arrests. the idea she said came to her over labor day weekend spent in big sur with friends and fellow actors. "the burning case" spur her into action. last summer at my home state in california and young people like greta thunberg powerfully reminded us that we are th

thank you for the food and beverage sponsors, and marz brewing, i also wanted give a shoutout to the npc staff who helped make this event possible. the recording is going to be live on c-span. we don't know when but it will be so you can check our website and facebook page. you can also join the conversation online and on twitter, tagging us, metro planners and using our #of equityin -- action. have a gravity time tonight and have a same time going back home. please stay connected to us. we'll continue to have thought provoking but fun events in 2020. there will be a book signing right after this, which is in the front -- will be in the front. please have another glass of wine, mingle with some folks in this room and also meet our local heroes. thank you so much. [applause] >> here's some features programs this weekend on booktv. sunday night at 9:00 p.m. eastern on "after words," financial times columnist and cfn analyst talks about her book "don't be evil" and on monday, martin luther king jr. day at 10:00 a.m. eastern, jackie gingrich talks about her book" our broken america "then at

draft which according to "times" has been reviewed by multiple source, it has not been reviewed by npc news, jonathan schmidt broke the story, i've read this story several times, each sentence is criticaler than the last. what have you learned. >> reporter: well, the big question is what did bolton know? what would he testify to if he was suspend and had to answer questions before congress. bolton had said he was willing to testify. but we never knew what he had, what was behind that door. and what this story does is it gives us a peek at some of that stuff. he's coming out with a book later this year. he for, the powerball lish it had to give it to the white house to review it for classified information. >> that happened several weeks ago. >> that gave the white house an idea of what he may say and look as we seen before that and certainly since that into the more heightened version since that, the white house does not want him to testify. they do not want him to be playing this out publicly and as we see tonight, it has pushed democrats even further to call for what they have been sa

>> in terms of the personnel a committee npc is of individuals. a collective body that tries to form a consensus view. >> so eight out of nine stay? >> in that sense, it should be continuity. and the incoming governor who has been at the bank of england since the mid-1980's, he would be your typo continuity candidate. i do not think the dynamics are going to change dramatically with mark carney's moving on. what could change might be the bank's communication, but i think policy-wise and the guidance today, it depends to some degree on if they actually deliver a cut. we either get a dovish hold, or more interestingly, if we do get a cut today, if they signaled they do still think there are downside risks to the economy or we are now on hold, it is one and done and at some point in the distant future, the next move arrives. >> what do you think, a cut today and one later on in the spring? >> i think the underlying deterioration in the economy is such this is not something that a court-appointed rate cut is going to turn around. i think there are sti

that, mark saying carney, saying that the npc debating merits in the near term stimulus. there is an in equivalent of 250 basis points of policy space. cuts are all part of the tool. there was a little bit of a reaction when it came to cable. stocks definitely advancing. america and iran appear to step back from a military conflict. this is bloomberg. ♪ francine: easing tensions -- the u.s. and iran step back from the deeper conflict, markets breathe a sigh of relief. brexit red lines -- boris johnson stresses britain won't extend the transition period in a meeting with ursula von der leyen. the e.u. commission president says a full deal before year end is impossible. and, fighting back, japan calls carlos ghosn's criticisms of its legal system absolutely intolerable. we're live in beirut with the latest on the saga. good morning, everyone. good afternoon and good evening, everyone. and, quite a lot of market movement. i am also looking at pound after the mark carney comments. had 250 basis points to go when it comes to monetary policy. tom: when do we get governor bailey

i remember in 2003 i was working on the npc study. at that time the answer to how to supply this country with natural gas was imports, that's how we were going to get the gas we needed. when you look at that chart, you see what the shale revolution has brought to this country, it's really remarkable. and when i talk to people in our member companies, they talk about the technological advances. and there might be something new that they're working on today, but they really believe in the promise of continued technological advances. these numbers are not static. no one knows what they're going to be the next time the gas committee does their analysis. but everyone expects these numbers to continue to increase. and it really is, as others have said, it's a remarkable story for the american consumer, because it does mean american affordable natural gas. >> part of the story is expanding markets as well. we're now especially using lng for that. the united states now has six operating lng export facilities. the last two started up in the la