u.s. federal reserve was pumping into markets. now the u.s. federal reserve has begun to c back its stimulus. turkey is reliant on those currency inflows, though, because the country imports far more than it exports. it is dependent on oil imports and has a huge current account deficit. the latest political upheavals are only making matters worse. as they cause even more foreign investors to pull out. >> as christmas this year comes to a close, pope francis has announced the violence and discrimination against christians all over the world -- pope francis has denounced highlands and discrimination against christians all over the world. >> the pontiff asked for a moment of silence to think the persecuted christians around the world. he appealed for freedom of religion to be more fully realized. that is all we have time for, but you can head to our website. that's dw.de, for all the latest news and information. >> thanks for watching. captioned by the national captioning institute --www.ncicap.org-- g>%Ññññññ>Ñ>Ñ[Ñ theressure is mounting on tur

u.s. federal reserve have decided to pulling back on their program of monetary stimulus. >>> and on nuclear watch, we'll show you how farmers in northeastern japan are decontaminating their fields nearly three years after the accident in fukushima. >>> a high profile japanese politician who got caught up in scandal says he's resigning. tokyo governor nak ki inose has been under fire for accepting an inappropriate loan from a medical corporation. nhk world's tomorrow co-cama that has the details. >> reporter: many new this was coming. still nay ki inose at trangtded a lot of attention when he handed in his letter of resignation. >> translator: i have decided to resign because i don't want the issue of the loan to disrupt the tokyo government any further. >> reporter: inose served as vice governor for five years were being elected to the top job a year ago. >> tokyo. >> reporter: inose spent only one year in office, still he managed to lead the group that brought the olympic and paralympic games back to tokyo. >> translator: the japan team has won. the tokyo olympics will write a new chapter

still to come as a happy birthday to the federal reserve in the u.s. we look at who's actually glad to see the hundred year anniversary of the. an institution i'm sure the law and what it has a husband achieve that's coming up. largest consumer of the seas and i see it with me in the country is the federal government simply saves property of the united states government. this the united states somebody that was probably going to realize you can't just buy. your own just throw it away this is a problem for instance belongs to the you know thieves environmental protection agency i found this on a dump site here this year it's not always. the producers of these little i have to should be able to collect these i believe that this should be responsible for their products from cradle to grave. face up to mexico. mental health proper jail cell to emerge very cooperative but also belongs to the washington metro area transit authority properties obey devastates page and trademark office. so again today the u.s. federal reserve has one hundred candles to blow on

u.s. federal reserve marks one hundred years since its foundation conceived as a tool to stabilize the economy critics say there's little to celebrate about its century of money printing. and as we begin a look back at the big stories of twenty thirteen for iraq that becomes the deadliest in the past five years with david nine thousand killed in bloody sectarian strife. are you watching r t international with me andrey farmer. pussy riot band member maria law has walked free from jail her lawyer says another member of the band. is expected to be released soon to been serving time following a stunt in moscow's main cathedral so let's get the details now from art. juggling did provoke a lot of controversy around the world but it appears they are now free yes we do know at this point that money i looking at is certainly free she's actually currently meeting with human rights activists and then she is supposed to be on her way back to moscow. to give an interview she gave a phone interview to one of the. t.v. channels and in that interview she said that she plans to connect her future activities t

u.s. federal reserve marks one hundred years since its foundation conceived as a tool to stabilize the economy critics say does little to celebrate about its century of money printing. that it's nice to have you company you're watching party international. pussy riot band member maria long walk free from jail her lawyer says another member of the band tolokonnikova is expected to be released soon to have both been serving time following a stunt in moscow's main cathedral let's get the details from our teacher in the collusion she joins us now. jailing cause a lot of controversy around the world but it appears that they do have their freedom and that is correct at least one of the many i looked into has been released on monday morning immediately after her release she went in for a meeting with human rights activists and indeed that's what we're hearing from my loathing of herself who has already gone public saying that she intends to do work with human rights activists in the future that's what she plans to do now that she is out of prison now it's important to note that before before her sent

u.s. federal reserve marks one hundred years since its foundation conceived as a tool to stabilize the economy critics say there's little to celebrate about its century of money printing. and as we begin to look back at the big stories of twenty thirteen for iraq it becomes the deadliest in the past five years with over nine thousand killed in bloody sectarian strife. and i welcome the watching r.t. international with me andrew farmer. pardon former tycoon mikhail khodorkovsky says he won't engage himself in politics or business but will dedicate himself to helping he's imprisoned comrades at his first press conference following his release he said he needs to pay back its debts to those still behind bars artie's peter oliver looked into one of the cases of ski's associates mikhail khodorkovsky entered into the press conference in a whirlwind of media hype into a room packed to the rafters with journalists many of whom were congratulating him on his release as a political prisoner however there is a nother side to the yukos saga one that's not often heard. free after ten years this is that som

u.s. federal reserve marks one hundred years since its foundation conceived as a tool to stabilize the economy critics say there's little to celebrate about its century of money printing. and as we begin a look back at the big stories of twenty thirteen for a racket becomes the deadliest in the past five years with over nine thousand killed in bloody sectarian strife. are working it's nice to have you company you're watching party international. pussy riot band member maria law has walked free from jail her lawyer says another member of the band. is expected to be released soon to the both been serving time following a stunt in moscow's main cathedral let's get the details from marty's there in the . you know this story and they're jailing cause a lot of controversy around the world but it appears they have their freedom at last well at least one of them does that is correct and there has indeed been released from her prison earlier on monday she immediately after her release she went in for a meeting with human rights activists and indeed that is was she's. said she's going to do with her tim

u.s. federal reserve. >> elliott, thank you so much. john, you're watching rbs. >> $100 million they are going to be paying to settle an investigation into sanction violations. this has got to be one of the worst months for rbs in many years. has stepped down, customers losing access to their accounts. just two weeks, that has all happened. stunning details and the story. i will give you more in 20 minutes. >> tank you so much. tara line, you're watching peugeot. >> we could see it down as much as 10%. 1.1 billion euros as the chart they are getting. foreign exchange weakness in brazil and latin america, russia , but also the cooperation with general motors is not meeting the savings they are expected. if they are the wearing their estimates, down goes the stock. >> we'll keep an eye on peugeot and rbs. we have macro news. mario draghi is about to speak at parliament. >> we are pretty sure he will reaffirm what he said in rome. we are doing our bit, get on with it. deutsche bank says tapering is a 50-50 po

u.s. federal reserve to announce the decision to reduce the amount of stimulus to the american economy. thefed said it will trim $85 billion a month bond purchases by $10 billion starting in january. we all expected this to happen. did we expect it so soon? >> there has been talk for months and months. in june, ben bernanke said the fed would look to get out of this policy. the question was when. we got the answer today on the back of improving economic data. the u.s. economy has been adding around 195,000 jobs each month for the past year. it is that improvement that brought the unemployment down to seven percent and it has given the fed the confidence it needed to go ahead. >> what are other countries so interested? risk has essentially made slightly more attractive. not just in the u.s. but overseas. people getting less returns on their investment were prepared to take greater risk, for example, in emerging markets. the talk of starting to pull back from this, you start to see this pullback of money from some of the risky investments. that is why this is so closely watched. in some w

u.s. federal reserve to announce the decision to reduce the amount of stimulus to the american economy. thefed said it will trim $85 billion a month bond purchases by $10 billion starting in january. we all expected this to happen. did we expect it so soon? >> there has been talk for months and months. in june, ben bernanke said the fed would look to get out of this policy. the question was when. we got the answer today on the back of improving economic data. the u.s. economy has been adding around 195,000 jobs each month for the past year. it is that improvement that brought the unemployment down to seven percent and it has given the fed the confidence it needed to go ahead. >> what are other countries so interested? risk has essentially made slightly more attractive. not just in the u.s. but overseas. people getting less returns on their investment were prepared to take greater risk, for example, in emerging markets. the talk of starting to pull back from this, you start to see this pullback of money from some of the risky investments. that is why this is so closely watched. in some w

u.s. federal reserve meeting that is set to take place this week.has signed an agreement with the government of oman to develop a new natural that field in the desert, a deal worth $16 billion. construction will begin next year and will use new tech meeks with horizontal wells and , and it is a major step for management as they tried to return the company to growth. holiday, at the busy shopping season is underway, a lot of people turn to the internet to get last-minute gifts, but shoppers in germany may run into difficulty if they are ordering from amazon, as hundreds of workers have gone on strike, demanding a pay raise. the strike has not yet affected deliveries, but it could in the coming days. back to you. >> 20 more to come on live from thes, and we have all of latest details on the clashes in south sudan. and welcome to where we take a look at the headlines. hundreds of locations across the globe to be renamed after nelson mandela. and the supreme court of india criminalizes homosexuality. and a new york city high school is to be named after

u.s. federal reserve that it will maintain lower interest rates and gradually start tapering back it on buying program. all the major indices in your closing in the green. wall street not faring quite so well this trading day. the market did soar in the immediate aftermath wednesday. investors reacting to new economic data showing jobless claims have increased and new home sales have fallen. gold has now fallen to a three- year low. cuba is to open up its car market and allow citizens to buy imported vehicles. for about 50 years, government had the monopoly on the sales for imported and used cars. and has required any potential buyer to obtain special permission. difficult tos obtain an black car sales have flourished. in the streets of a finite, vix reactions to the move -- in the streets of havana, mixed reactions to the move. nowt is great that we can buy cars without authorization, to modernize the system. these cars are falling apart. we are working as taxi drivers, but our cars are in that state. >> we are allowed to buy it, but with what money? unfortunately, our economy does not allow

u.s. federal reserve marks one hundred years since its foundation conceived as a tool to stabilize the economy critics say there's little to celebrate about its century of money printing. and as we begin a look back at the big stories of twenty thirteen for iraq it becomes the deadliest in the past five years with over nine thousand killed in.

u.s. federal reserve has reached its one hundredth birthday but not everyone is celebrating his government violence tone straight ahead we'll tell you why a growing number of americans are fed up with the fed plus the colombian government seems to be getting an upper hand in its ongoing battle with the far as it turns out a covert cia program helped assassinate dozens of our commanders and that's not all details next and humanoid robots arriving on these south florida all to compete in a challenge organized by the pentagon coming up next see what these machines can do .

u.s. federal reserve's decision to start scaling back quantitative monetary kwez easing, including india and indonesia. boj's governor spoke to reporters after the meeting. he welcomed the fed's decision to reduce its bond buying program. >> translator: the decision was made and will have a positive impact on the entire global economy, as well. >> kuroda also noted market participants today have a better understanding of the fed's policy intentions. the governor said the pace of economic growth may slow down between april and june next year due to a consumption tax hike, but he added the personal spending will remain firm in fiscal 2014 as a whole and the economy will continue to expand. >>> now let's check on the markets. european equities are set to close a gain for the week, snapping a recent losing streak. this is how major indexes are trading at this hour. london trading up by a tenth of a percent. frankfurt's dax by 0.4 of a percent and paris marginally lower at 4,173. this stems from signs of upbeat economic sentiment in germany. the latest survey shows consumer sentiment in the count

u.s. federal reserve the result of a hundred years since its foundation.

u.s. federal reserve may soon wind down its $85 million a month bond buying program, and this has been rattling global stock markets in recent weeks. germany's benchmark has been on a downward trend the past two weeks after hitting a record closing high of 9,405 in november. are seeing slight gains at this hour for the frankfurt dax, up about a quarter percent, 9,040. other markets, london is seeing gains of .2 of 1% and paris is up nearly .4 of 1%. earlier, tokyo's nikkei added .4 of a percent due to a weaker yen on speculation japan's biggest public pension fund may invest more in stocks. in mumbai, 20,715. banking shares were among the major luosers. investors are worried higher interest rates will hurt bank profits. concerns after industrial output for october came in weaker than expected. for the weak, the index lost 1.2%. on to currencies. early on friday, the dollar rose to a high against the yen, but due in part to profit taking. currently trading right now at 103.68. euro/yen around 122.39. >>> u.s. trade negotiator recognizes that more time is needed to reach a high level agreement in

u.s. federal reserve has commitment to keep interest rates low offset its decision to scale back its stimulus program. we have this report from the frankfurt stock exchange. >> the federal reserve made stock markets around the world jubilate despite the start of the tapering. the u.s. economy is doing very well. the windup may lead to higher interest rates, which makes the dollar more attractive. the euro was cheaper against the dollar, and a strong u.s. dollar is bad for the gold price. gold dropped to the lowest level in three years. >> let's take a quick look at the numbers now. germany dax ended thursday's session up by more than 1.5%. >> please stand by. industrials at the moment flat. the euro trading for $1.3655. >> let's stay with business news. good news out today -- germany cut its total debt to 2000 24 billion euros, the savings largely due to bad banks selling off toxic securities. >> the german government took on the toxic assets of institutions during the financial crisis, but analysts say despite the reduction, debt is still well over 60% of gdp. well, do you sometimes wonder w

u.s. federal reserve has reached its one hundredth birthday but not everyone is celebrating this government milestone straight ahead we'll tell you why a growing number of americans are fed up with the fed plus the colombian government seems to be getting an upper hand in its ongoing battle with the far as it turns out a covert cia program helped assassinate dozens of far commanders that's not all details next and we've all heard the same family comes first but the l.a. county sheriff's department took that literally by hiring friends and relatives of department officials some with criminal backgrounds we'll tell you more later in the show. it's monday december twenty third four pm in washington d.c. i'm lynn neary david and you're watching our t.v. . today marks of a very special birthday for the federal reserve believe it or not the central banking system has now been in existence for exactly one hundred years it was created on december twenty third one nine hundred thirteen primarily as a result of a severe panic in one thousand and seven that panic is often referred to as the knickerboc

u.s. federal reserve and the bank of japan, and that strengthens the euro against the dollar and the yen. >> we are going to take a quick break now, but we are back with a look back at some of the big events of 2013 and one of the faces that we will remember -- that is that of edward snowden. >> and 70 people in the arctic are gearing up to celebrate their own new year's. we will tell you about the latest land to rescue them. stay with us. stay with us. >> welcome back. new year's celebrations are already under way for millions of people in the pacific. partygoers on the islands of samoa were the first to ring in 2014. >> about an hour ago, australia joined in the fun. people in sydney started the new year in style with an incredible fireworks display at the sydney harbour bridge. not bad. >> that looks incredible. >> in berlin, there are about eight hours and 40 minutes -- not that we are counting -- to go until the clocks strike midnight. >> big crowds are expected to join the public party at the brandenburg gate in the center of the city, and you could watch live right here on dw. >> a

u.s. federal reserve has reached its one hundredth birthday but not everyone is celebrating its government violence jump straight ahead we'll tell you why a growing number of americans are fed up with the fed plus the colombian government seems to be getting an upper hand in its ongoing battle with the far as it turns out a covert cia program helped assassinate dozens of our commanders and that's not all details next and humanoid robots are writhing on these south florida all to compete in a challenge organized by the pentagon coming up next see what these machines can do . it's monday december twenty third five pm in washington d.c. i'm the niro david and you're watching our t.v. now today marks a very special birthday for the federal reserve believe it or not the central banking system has now been in existence for exactly one hundred years it was created on december twenty third one nine hundred thirteen primarily as a result of a severe panic in one thousand nine hundred seven that panic is often referred to as the knickerbocker crisis and it stemmed from a financial downfall in which

u.s. federal reserve celebrated its intensity of this week although more than twenty million unemployed americans were unlikely to join the party the country's debt is continuing to climb with the central bank accused of failing to prevent the recession and allowing inequality to rise more from artie's marina port. secretive powerful wealthy and now it's got a birthday america's central bank wields enormous and almost unchecked power over the world's largest economy your. underneath and that means basically the. other agency of government which can overrule actions that we take the country has seen as many as eighteen recessions since the fed was created leading many to argue it has singularly failed to end the boom and bust economics that it was designed to prevent it's been abject failure it's been a dismal failure in promoting prosperity. sustainable prolonged prosperity and raising the living standards of americans. for the past thirty years have produced the biggest growth of income inequality wages for the low and middle class have remained stagnant while the fed has allowed banks to double

u.s. federal reserve celebrated one hundred years this week although more than twenty million unemployed americans were unlikely to join the party the u.s. national debt continues to climb with a central bank accused of failing to prevent recessions and allowing inequality to rise artie's marine important i reports from new york. secretive powerful wealthy and now it's got a birthday america's central bank wields enormous and almost unchecked power over the world's largest economy for your. time tonight you should basically put. it in the. other agency of government which can overrule the actions that we take the country has seen as many as eighteen recessions since the fed was created leading many to argue it has singularly failed to end the boom and bust economics that it was designed to prevent it's been a failure it's been a dismal failure in promoting prosperity. sustainable prolonged prosperity and raising the living standards of americans. the past thirty years have produced the biggest growth of income inequality wages for the low and middle class have remained stagnant while the fed has a

u.s. federal reserve's decision on whether to continue its monetary stimulus program.at decision is today. in new york, however, investors are playing it a bit more cautious. it's just under 1% higher. the euro is currently trending higher against the dollar. all right, we have to take a quick one-minute break, but we'll have a whole lot more news coming up. >> welcome back to the show. one of briton's most notorious criminals has died at the age of 84. >> he gained international notoriety as part of a now they only focus on the good things, positive things. they are in control, not the tax man. wouldn't you like to be in this position, never having to worry about taxes or mandatory withdrawal rules for your retirement income? so what's the downside? you have to pay taxes now. big deal. when people ask you your tax rate on your retirement income, in august 1960 three, the gang robbed a rail mill train. they bludgeoned the driver with a metal bar and got away with 2.6 million pounds in cash, most of which was never recovered. biggs was caught but escaped from prison and

u.s. federal reserve is marking a century since its creation its faced many challenges from double digit inflation to near depression but hasn't served its purpose. the question. secretive powerful wealthy and now it's got a birthday america's central bank wields enormous and almost unchecked power over the world's largest economy the federal reserve under the not means basically the. other agency of government which can overrule the actions that we take the country has seen as many as eighteen recessions since the fed was created leading many to argue it has singularly failed to end the boom and bust economics that it was designed to prevent it's been abject failure it's been a dismal failure in promoting prosperity. sustainable prolonged prosperity and raising the living standards of americans. the past thirty years have produced the biggest growth of income inequality wages for the low and middle class have remained stagnant while the fed has allowed banks to double in size accounting for forty percent of the u.s. economy the fed has twelve regional banks and this one in new york is not only th

u.s. federal reserve marks one hundred years since its foundation conceived as a tool to stabilize the economy critics say does little to celebrate a century of money printing.

u.s. federal reserve marks one hundred years since its foundation conceived as a tool to stabilize the economy critics say there's little to celebrate about its century of money printing. and as we begin a look back at the big stories of twenty thirteen for iraq it becomes the deadliest in the past five years but over nine thousand killed in bloody sectarian strife. welcome you're watching international with me and now we start with breaking news pussy riot band member maria law has walked free from jail her lawyers says that's a few days after president putin announced a nationwide amnesty and another band member. is expected to be released soon too they had been serving time for hooliganism motivated by religious hatred following a stunt in moscow it's main cathedral so let's get more now from marty's. arena this is a case that's grabbed the whole world's attention but it appears anyway freedom at last for the band members well at least for one of them for sure that's what we're been getting that's what we've been getting reports on. that is said to have gotten into a car and sped off in an

u.s. federal reserve has one hundred candles to blow out on its birthday cake founded to prevent boom and bust economics in its first centuries faced many challenges from double digit inflation to need depression so on and on and on its anniversary did seem not the right thing to do is to ask is the fed actually working miniport the experience. secretive powerful wealthy and now it's got a birthday america's central bank wields enormous and almost unchecked power over the world's largest economy for sure. underneath and that means basically that it. is the. other agency of government which can overrule actions that we take the country has seen as many as eighteen recessions since the fed was created leading many to argue it has singularly failed to end the boom and bust economics that it was designed to prevent it's been a failure it's been a dismal failure in promoting prosperity. sustainable prolonged prosperity and raising the living standards of americans. the past thirty years have produced the biggest growth of income inequality wages for the low and middle class have remained stagn

u.s. federal reserve the result of a hundred years since its foundation conceived as a tool to stabilize the economy critics say there's little to celebrate about it same tree of money printing. this is all seen to national coming to life for most hello and welcome to the. and we'll start with breaking news on also international peace to ride bond. is free have found a member. that left prison today they'd follow it's been a serving time for carrying out a protest and in most cases the main cathedral. arena so they had chanting of course provoked a massive response around the world but now they're free that is absolutely correct they're free and it looks like they're actually planning to meet up in the nearest future at least that's what has said earlier today she was the first to be released from prison mediately after her release she went on to meet with the a number of human rights activists and then she could have swayed for a little bit and then said that she is going to the siberian city of course and they are planning to do that and meet with the desert like when you go to afterwards

u.s. federal reserve has reached its one hundredth birthday but not everyone is celebrating this government milestone straight ahead we'll tell you why a droning number of americans are fed up with the fed plus the colombian government seems to be getting an upper hand in its ongoing battle with the far as it turns out a covert cia program helped assassinate dozens of far commanders that's not all details next and we've all heard the same family comes first but the l.a. county sheriff's department took that literally by hiring friends and relatives of department officials some with criminal backgrounds we'll tell you more later in the show.

u.s. federal reserve. president obama has already offered him the job. elliott gotkine has more. is this a surprising choice he? >> where you put as your greatest drawback, your greatest asset. it's great to just drawback in terms of being nominated to the position of vice chair of the fed. greatest asset. during his eight years at the helm of the bank of israel he was widely edited for sheltering is real from the global financial crisis. economy kept growing throughout. they did not have any times of contraction. decisive.at he is he bought foreign currency by the boatload to export from strengthening shackle as well. widely expected it is crime- fighting ability. he told him one or two dubbed things because he was his mentor and he also incidentally taught mario draghi, ecb chief as well. pre-k's you have to decide whether you give dates were conditions. that is more appropriate and it should be the forward guidance. that means you have to understand that there are lots of things i could happen. >> that was official comments on forward guidance. he's not been a huge fan. what t

which has been taken is good news because as long as the unemployment stays high in the u.s., the federal reserve will keep money cheap and easy. >> let's have a look now at how markets traded on thursday. in frankfurt, the dax was down over .5%. the euro stoxx 50 also down .65% . across the atlantic, the dow jones also down, currently trading at 18 775, and the euro trading at $1.3740. slovenia says thanks but no thanks to a european bailout land for its embattled banking sector and decides to take matters into its own hands. >> the country decided to go in alone and capitalize its troubled banks rather than rely on outside assistance at comes with stringent conditions. >> but it will have to find four point 2 billion euros to plug holes in the national banks' balance sheets. >> slovenia's banks have billions of euros of that debt on their books, most of it issued during the country's boom years from the 1990's three 2008. then the crisis hit. now when the country's three largest state owned banks need a bailout to stay a float -- stay afloat. slovenia's by minister brought the good news to brus

u.s. federal reserve announced lit wind down the economic stimulus program.xpectations of the movement helped drive the rupie lower. but they're better equipped now than a year ago. i spoke with him in mumbai. >> help a u.s. audience member understand how our two economies are connected when the fed announced that we will begin tapering and it krcted to the rupie declining to new record lows so how does what happened in the fed affect the indian economy. >> we is a number of low interest rates in the united states. what happens is then, money looks for new places to invest in. a lot of money has come looking for returns in places like india. fortunately for us a lot of money that has come in from overseas has been to equity markets rather than deck markets but we also have money into indian debt. so when the fed says it's going to raise interest rates, what happens is, people say aha, now the interest rate differential is not to attractive, maybe i will bring the money back and put it in u.s. debt, which didn't pay high interest rates so far. and so we get a

u.s. federal reserve.oint they would agree to this, send it over to president obama, and for the next two years, we wouldn't have to worry about the budget. they might turn their attention to such things such as tax reform and finding other ways to pay down the deficit. but this is a notable change, especially requiring federal workers and military retirees to shoulder more of the burden on their pensions. it's something that's been talked about for years. something the cities and states have had to do with their budget shortfalls. now putting more of it now on the backs of civil service, something notable both parties seem to be willing to do. >> we just heard bertha talking about how much low esteem, if i can put it like that, congress has now held by american people. is that mow the defining character in this -- in these discussions? >> it's certainly part of it. they're looking for ways to demonstrate that they're doing something. and if they can get a modest budget deal that saves roughly, what, $20 b

u.s. economy suggests the federal reserve may wind down the stimulus. the dow down 59. the nasdaq is up 3. s&p is down 3. >>> ever wish you could be more selective about who sees your inis instagram photos? it lets you accepted your photo to 15 other followers. >>> ikea a is recalling several children's wall-mounted lamps. the recall is for eight models, including a blue star, a yellow moon, a pink flower and a red heart. the recall comes after a toddler died when the lamp's cord was pulled into the crib creating a strangulation hazard. people who have these lamps are urged to make sure the cord is out of the reach of children. consumers may also contact ikea a to get a free repair kit. >>> santa received a special police escort this morning to help make sure some low-income children in the south bay are able to celebrate the holidays. this is the shop with a copy september in san jose. police and sheriff's deputies took 50 children on a shopping spree at a target store. they were each given $150 gift card to buy gifts for themselves and their families. the officers are

at this moment, if it weren't for psychological factors affecting the market, the federal reserve can swap with the u.sons of dollars to retract the federal reserve balance sheet and reverse a goodly part of what they have already done with no consequence, it's strictly a bookkeeping industry. the problem is the markets will probably go berserk if they were to do that and that's outside the limits. but the federal reserve is working on all sorts of measures to decide how they can pull back before the actual money multiplier as they call it begins to really take hold. but there's no evidence at this stage that it's about to happen, so the federal reserve does have time and the question is, how do you handle psychology? >> one final question, i know you're not going to tell me what you think of janet yellen as a potential fed chairman. but i'm going to ask you a slightly different question. do you think it makes a difference in your long experience that she's a woman? you happen to be married to a very strong, professional working woman. do you think men and women approach something like economic policy

federal reserve system turns 100 years old today. on this day in 1913 president woodrow wilson signed the federal reserve act which created the u.s.tem. happy birthday to pearl jam front man eddie vetter 49, soap star susan lieuically 67, harry sheer from "the simpsons" 70. >>> ryan o'neal speaks out about his legal tug of war over the warhol painting and farrah fawcett. keep it here for more news, weather and sports. i'm richard lui along with dylan dreyer. have a great monday. >>> a puppy severely injured and found in a bay area dump, now the search is on for the person who hurt the dog. the latest on the investigation next. >> plus, days after fining pg&e hundreds of thousands for failure to monitor a gas pipe line the public utilities commission returns the check. we'll tell you what's behind the refund next. >> it's bittersweet. >> fans and players reminisce. the 49ers get ready to play their final regular season game at the stick. >> taking a live look outside now. you can see looking like a good start to this monday, december 23rd. this is "today in the bay."

march is a very long time away before using movement from the federal reserve. u.s. futures higher. indicating a third of a percent up. capacity utilization, which is actually a very important number. boring butbit capacity utilization in the united states of america tells you how much slack areas. how much capacity the economy has in terms of what the fed needs to do next. u.s. futures indicating a little bit higher. in terms of the reaction in the currency market, you can't keep a good thing down, can you? 1.3771, is how the euro trades on the back of the german data as well as the french beta. an overnight, we will see what the -- has to say. they are targeting 85 as a currency level. >> let's talk about another market. we have had more insight. propertybiggest website. ryan is here to digest the details force. shock and horror. london is going to go up but not quite as fast. >> the london property market, the headline is, is set to cool, according to writemove -- rightmove. askingrecast six percent prices as opposed to 10.5%, what we saw in 2013. if you said, still above inflati

u.s. today yes the fact is the federal reserve has traditionally increased the money supply that is injected money into the banking system and through the banking system then out to the to the rest of the economy by buying u.s. government treasury securities the treasury securities that the government has used to cover its deficit spending year after year and in just the last several years less for five years the federal reserve has been basically buying up anough of these securities to be equal to funding anywhere from forty to sixty percent of the government's deficit each year the consequence is that we basically have had a government borrowing money and paper money treated to fund it now i'm sure many viewers are wondering well how come if this is the case and the federal reserve has increased the money supply by over four trillion dollars in the last four four nam five years why haven't we seen more price inflation and that's because the fed reserve has been playing a game it creates the money into the banking system the banks could lend it to us but the federal reserve has through incr