we begin the programme at this hour with news about the us federal reserve.ecause investors hoping for a quick interest rate cut from america's central bank may be disappointed. discussions about a timetable following rates were absent from minutes in their last meeting but it did show that officials believing further hikes are off the table as inflation calls. from europe, our north america business correspondence sent this report. the december note on the us central banks asked meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak of the cycle. they also agree it will come down this year. they offered no clues as to how or when that will happen. to remind viewers come at the federal reserve started raising rates in march 2022 to tame inflation. it is so 11 times, taking the benchmark rate to 5.5%. inflation by the time of the last meeting had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number of job openings in the united states fell to

closely tied to monetary policy in the us and that is why tomorrow a lot of focus will be on the us federal reserveon of the year. the market is expecting jerome powell to leave interest rates unchanged this month, however, more interest is on the central bank outlook for rate cuts as inflation looks to be tapering off in the world's biggest economy. an economics professor talked me through his expectations.- talked me through his expectations. we are in a lukewarm _ expectations. we are in a lukewarm economic - expectations. we are in a - lukewarm economic environment. we have seen a significant moderation and of inflation figures. the growth has remained reasonably strong rather than a softening substantially as a result. it is unlikely that the fed will move at this stage because the data does not provide any impetus for them to go ahead and cut rates.— and cut rates. the mandate is to always _ and cut rates. the mandate is to always safeguard _ and cut rates. the mandate is to always safeguard every - to always safeguard every focused on inflation and underemployment. what does that tell us abo

that is why tomorrow, a lot of attention will be on the us federal reserve first policy decision of thearket is expecting jerome powell to leave interest rates unchanged this month, however, more interest is on bank outlook for rate cuts as inflation looks to be tapering off in the biggest economy. an economics professor talked me through his expectations. we are in a through his expectations. - are in a lukewarm economic environment. at the same time, growth has remained reasonably strong, ratherthan growth has remained reasonably strong, rather than softening substantially as a result. it is unlikely the fed will move at this stage because the data does not provide any impetus for them to go ahead and cut rates. ., ., , for them to go ahead and cut rates. . ., , ., ._ , for them to go ahead and cut rates. . ., , ., , ., rates. the mandate is always to safe . uard rates. the mandate is always to safeguard or— rates. the mandate is always to safeguard or be _ rates. the mandate is always to safeguard or be focused - rates. the mandate is always to safeguard or be focused on - safeguard

is tied to monetary in the united states, that's why tomorrow a lot of focus will be in the us federal reservesing the chairman to leave interest rates unchanged this month. however, more interest is on the central bank's outlook for rate cuts, as inflation is said to be tapering off. our economics professor at the essex business school talk to me through his business expectation.— me through his business exectation. ~ ., ., expectation. we are in quite a lukewarm _ expectation. we are in quite a lukewarm economic _ expectation. we are in quite a - lukewarm economic environment. we have seen a significant moderation as well as actual inflation figures, but at the same time, growth has also remained reasonably strong rather than softening substantially as a result it is unlikely that it will move at this stage because the data do not provide any impetus for them to go ahead and cut rates stop at the feds mandate has always been to safeguard and be focused on inflation and underemployment. what does that tell us, then, but what they are thinking about? very much a little bit of a wait and see and

that's why that is why tomorrow, a lot of attention will be on the us federal reserve first policy decisioning jerome powell to leave interest rates unchanged this month, however, more interest is on bank outlook for rate cuts as inflation looks to be tapering off in the biggest economy. an economics professor talked me through his expectations. we are in a lukewarm economic environment. and we have seen inflation figures. at the same time, growth has remained reasonably strong, rather than softening substantially as a result. it is unlikely the fed will move at this stage because the data does not provide any impetus for them to go ahead and cut rates. the feds mandate is always to safeguard or be focused on inflation and unemployment. what does that tell us about what the fed is thinking? a little bit of a wait and see and a data reactive approach. a lot of market participants would rather have more definitive signals but i generally believe this is the best course of action if it can take at the moment because they are so reliant on understanding the extent to which inflation has been te

the brainchild, the first serious brainchild of this community of very rich people, was the us federal reserveis, their methods of controlling processes, the first way is financial, that is, creating money in industry , they rose to a higher level than industry assumes, forming the so-called financial capital, that is, on a larger scale than banking capital, than the capital of trading companies of the eighteenth. 19 centuries, that is , it was reaching a completely new level in terms of means, so the fact that some members of this community there can have hundreds of billions of dollars in wealth should not be surprising. but within this system there are, of course, several families, among whom it is necessary to highlight first of all the rockefellers, then the rothschilds, who are leading in this process, in this community, apparently within this communities of 300 are headed by some main decisive structure, which already gives the main orders to the american government and the us federal reserve system. now we will definitely go further and look at the specific families that are there and

the first serious creation of this community was the us federal reserve system.y. and they were participants in this whole affair. and the head of the fbi and the head of the cia. mi6 is officially funded by the british royal family. they say that a small world is easier to rule. they advertise in every possible way euthanasia for the sick, for the elderly. the usa is already under the rule of satan, that christ is no longer here. opium and then heroin. they do not hide their surname and goals of reducing the excess people on earth and dismembering russia into small principalities. as long as it exists in russia, western hegemony is impossible. the true masters of the dungeon or 300 spartans. dolls of the heir tutti. today is the first one. this is the news on the first we continue: a sleepless night in the cold, now in kazakhstan in almaat there are new tremors, they are weaker than an earthquake, which happened 12 hours ago, then a magnitude of 5.2 was recorded, thousands of people took to the streets, it is reported that there is destruction in the private sec

that's raised hopes that the us federal reserve might have achieved a soft landing, getting inflationnder control by raising borrowing costs without crashing the economy. the gdp figures have been seized upon by president biden, who is battling for re—election. he's been suffering poor approval ratings for his handling of the economy, as american households feel the impact of higher prices on their finances. from new york, here's michelle fleury. foran for an economy many said was headed for recession, the us continues to defy expectations. in the final three months of last year the kit —— american economy grew faster than predicted, expanding at an annual rate of 3.3% while inflation fell. goes for the entire you're also exhilarated, even as the federal reserve was involved in the highest rates hike in recent years. the economic— rates hike in recent years. the economic growth _ rates hike in recent years. the economic growth is _ rates hike in recent years. iie: economic growth is stronger rates hike in recent years. iig; economic growth is stronger than we had during the trump admi

not a secret. that largely thanks to the rockefellers , the us federal reserve system was created, ande world reserve currency in forty years. in may 1954, the bilderberg club emerged, founded by the foundations of three american billionaires, rockefeller, carnegie and ford. its first meeting took place at the bilderg hotel, in the dutch city of oosterbeg, where 70 people from 12 countries met. political and business circles of europe and the usa. since then, secret meetings have become annual. the club's headquarters are located in new york at the carnegie endowment. one of the main stated goals was to solve the problems associated with the existence of the ussr, as well as the creation of a european superstate with its own central bank and a single currency, under natural us control. many of these tasks have been successfully resolved, among them european integration and the euro area. the club and its members never make official statements following meetings. the last meeting of the club took place in may '23 in lisbon. among its participants were henry kissenger, mark rutte, jens s

we begin the programme this hour with news about the us federal reserve.estors hoping for a quick interest rate cut from america's central bank may be disappointed. discussions about a timetable for lowering rates were absent from minutes from their last meeting, but it did show fed officials believing further hikes are off the table as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the notes from the us central bank's last meetings show policy makers are feeling better about inflation. they a . ree better about inflation. they agree with _ better about inflation. they agree with investors - better about inflation. they agree with investors that i better about inflation. tie: agree with investors that rates are at or near the peak for this cycle. they also agree that that will come down this year. but they offer no clues as to how or when that will happen. just to remind viewers— it started raising rates in march 2022. it did so 11 times, taking the benchmark weight to a range of five and a quarte

the leadership of the us federal reserve considers it quite likely to reduce the base interest rate thisation jumped sharply in the country, in order to contain prices, the regulator had to raise the rate from near zero to the maximum over the last 22 year, now it is in the range from 5 and a quarter to 5.5%. yep, almost all participants noted improvement in inflation numbers, so their base case forecasts suggest that a lower rate range would be appropriate by the end of 2024. an argentine court has suspended part of president javier meley's reforms. according to the lanacion newspaper, the problem turned out to be the new labor law. the country's largest trade union did not like the new decree. limited strikes in sectors such as transport, education and health. well, in addition, the maximum probation period was increased from 3 to 8 months. as a result , the union filed a complaint with the court, but the court decided that the labor law could not be changed without the approval of congress. the decree is annulled if both houses of parliament declare it invalid. let me remind you that

we begin the programme at this hour with news about the us federal reserve.s about a timetable following rates were absent from minutes in their last meeting but it did show that officials believing further hikes are off the table as inflation calls. from europe, our north america business

means that dollarization of the economy means that the monetary policy is in the hands of the us federal reserveis means that there is a dollarization of the economy and monetary policy. on the other hand, the uae and saudi arabia have foreign exchange reserves due to the fact that their oil production is 5, 6 and 8 times that of iran in proportion to their population, so they have the ability to do this . i don't care what happens to their other industries, such as tourism and the financial industry. they do the same problem for others their industry is coming. a country with high inflation cannot implement a stabilization policy at all, because the product is available in three markets , and if you want to put aside your reserves , you can do the same thing that happened in iran's economy. i have another question from the other side. i say, well, the stabilization policy that iranian governments always want to do, why couldn't they, if it were possible, sir, you make a mistake in one year, you make a mistake in two years , you can't make a mistake in 50 years. if you made this mistake in one y

we begin the programme this hour with news about the us federal reserve. bank may be disappointed. discussions about a timetable for lowering rates were absent from minutes from their last meeting but it did show fed officials believing further hikes are off the table as inflation calls. from new york, our north america business correspondent michelle fleury sent this report.

the first serious creation of this community was the us federal reserve system.emale technicians must show skill, courage and self-sacrifice, this is the film that you they waited, i think yes, of course, definitely air, because of course it was a dream to work with alexey german, they invited me for a test. then they didn’t call, i thought, probably not, and so i thought with despair, well, here was an opportunity, unfortunately, probably not, look how the formations fly, it means it’s not all in vain, this technology, a completely unique technology, which we experienced, one might say, a pioneer in this matter, my hero does five rotations, a barrel, a man who has claustrophobia, and you are there, impossible, yes, and you this is exactly where you find yourself, when alexey asked how long you could stand it, i understood that the girls were spinning. it was difficult for them, i think, no matter how much you say, we have never had anything like this before, of course, the love podcast today is on the first, what am i looking for, either a brotherhood of stern m

investors have driven the index sharply higher for months, amid hopes that the us federal reserve willriday�*s rise. leaders of nonaligned movement countries assembled in uganda's capital have denounced israel's military campaign in gaza. foreign ministers from member states of the 120—nation bloc adopted a resolution demanding a immediate ceasefire. they also called for the delivery of urgent humanitarian aid. the meeting in kampala included members from across africa, as well as india, iran, and saudi arabia. it's been a case of good—news, bad—news forjapan's space agency. one the one hand, their spacecraft �*moon sniper�* successfully landed on the lunar surface. with that feat, japan becomes just the first country ever to touch down on the moon. but the uncrewed landed appears to have lost the ability to generate solar energy. pallab ghosh has the story. japan�*s lunar landing has touched down with a soft landing but there has been a glitch. the solar panels are not working, so unless it is fixed the spacecraft will run out of power. experts say the mission has achieved 99% of its

we begin the programme this hour with news about the us federal reserve.utes from their last meeting, but it did show fed officials believing further hikes are off the table as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the notes

investors have driven the index higherfor months, amid hopes that the us federal reserve will cut interest country ever to touch down on the moon. but its uncrewed "moon sniper" lander appears to have hit a glitch. pallab ghosh has the story. japan's lunar landing has touched down with a soft landing but there has been a glitch. the solar panels are not working, so unless it is fixed the spacecraft will run out of power. experts say the mission has achieved 99% of its aims. this was all about precision landing. they have not confirmed the exact precision of the landing, but they are the fifth nation to land successfully on the moon and that is a huge success. flight engineers are pouring through the spacecraft�*s data and will report next week on what went wrong. but a lot went right. they are able test out a new advanced face recognition system to hone into its landing site. it also deployed one of its many lunar rovers, able to hop where no rover has hopped before. and another one can literally roll back the frontiers of knowledge. it is a new way of doing space exploration and a big par

rockefeller would look like a beggar, the first serious brainchild of this community was the us federal reserve participants in this whole affair. mi6 is officially funded by the british royal family. they say that a small world is easier to rule. the usa is already under the rule of satan, that christ is no longer here, the circulation of apiates is opium, and then heroin, they do not hide their names and goals to reduce the excess people on earth and the dismemberment of russia into small principalities, until exists in russia, western hegemony is impossible, the true masters of the dungeon or 300 spartans. dolls of the heir tutti. today is the first one. mancacher whiskey is a product of the stellar group. well, dear friends, here i am sitting next to the humidifier. this program is to live healthy. and today we have an examination of air humidifiers. in general , it must be said that several years ago we already addressed this topic and talked about our experience of using humidifiers, because the situation as a whole looks like this: moisturizing air is the most important part of human lif

that�*s raised hopes that the us federal reserve might have achieved a soft landing, getting inflation

that's raised hopes that the us federal reserve might have achieved a soft landing — getting inflationol by raising borrowing costs without crashing the economy. the strong economic numbers helped stoke an ongoing rally on us stock markets. both the dowjones industrial average and s&p 500 closed at new record highs on thursday. and traders weren't the only ones celebrating. the gdp figures have been seized upon by president biden, who is battling for re—election. he's been suffering poor approval ratings for his handling of the economy, as american households feel the impact of higher prices on their finances. from new york, here's michelle fleury. for an economy many said was headed for recession, the us continues to defy expectations. in the final three months of last year, the american economy grew faster than expected, expanding at an annual rate of 3.3% while inflation fell. growth for the entire year also accelerated, even as the federal reserve was engaged in the most aggressive rate height cycle in years. the biden administration seized on the moment. here is the president in t

the first serious brainchild this community became the us federal reserve system.tan, that christ is no longer here, the trafficking of apiates, opium, and then heroin, they do not hide their names and goals of reducing the excess people on earth and the dismemberment of russia. small principalities, while they exist in russia, western hegemony is impossible, the true masters of the dungeon or 300 spartans. dolls of the heir tutti, today on the first. female pilots and female technicians must show skill, courage and sacrifice. this is the movie you've been waiting for i think yes, of course, definitely air. because of course it was a dream to work with alexey german, they invited me to audition, then they didn’t call, i thought, probably not, and so i thought with despair, well, there was an opportunity, unfortunately, probably not. look how countries fly, it means everything is not in vain, this technology, a completely unique technology that we tested, alexey is a pioneer in this matter, my hero makes five rotations, a barrel, a person who has claustrophobia, and

rockefeller would look like a beggar; the first serious brainchild of this community was the us federal reservefficial financed by the british royal family. they say this: it’s easier to rule a small world, they advertise autonasia in every possible way for the sick, for... the usa is already under the rule of satan, that christ is no longer here, the circulation of apiates, opium, and then heroin, they do not hide their names, reduction goals extra people on earth and the dismemberment of russia into small principalities. as long as it exists in russia, western hegemony is impossible, the true masters of the dungeon, or the 300 spartans. dolls of the heir tutti, today on the first. cognac monte chococa is a product of the stellor group. the world is changing before our eyes, to understand it, to imagine what it will be like tomorrow, you just need to look back and take a closer look at the diversity of great human civilizations. the vast majority of whom share the same values ​​as us. china has always been a developed country in the third century ad, in the seventh, in the seventeenth, the sta

rockefeller would look like a beggar; the first serious brainchild of this community was the us federal reserveved. mishest is officially funded by the british royal family. they say that it’s easier to rule a small world, they advertise euthanasia in every possible way for the sick, for the elderly. the usa is already under the rule of satan, that christ is no longer here. trafficking in apiates, opium, and then heroin. they do not hide their surnames and goals of reducing the extra people on earth and dismembering russia into small principalities. as long as russia exists. western hegemony is impossible, the true masters of the dungeon, or 300 spartans, dolls of the heir tutti, today on... rum castro, a product of stellor group. female pilots and female technicians must demonstrate skill, courage and self-sacrifice. this is the film you were waiting for, i think yes, of course , definitely air, because working with alexei german, of course, was a dream, they invited me to audition, then they didn’t call, i thought, probably not, and so on with despair i thought, well, there was an opportunity

but that is a little bit less important than ultimately the pace and how the federal reserve used that. i think the federal reserve is going to be very beholden to inflation data. and if inflation data holds where it is, and in your pre-roll you mentioned -- someone mentioned the idea that real fed funds rate is getting very high now, and that's true. that is the way the fed looks at it, so that is one reason why even if we don't go into a recession and inflation remains low, the fed will cut incrementally just to get that real fed funds rate. the fed funds rate minus the pce deflator, move that lower instead of having that continue to be 250 basis. maybe they only wanted 200 basis points. they can move it down and calibrate it is the operative word that you want to listen for jay powell next week to say, which is echoing what waller said last weekend, and is a little bit different than what powell said at the december meeting. sonali: i want to bring in a point you were making, peter, this idea that asset prices are not quite responding to any of the potential issues ahead. guggenheim

to the us now and officials at america's central bank — the federal reserve — say us interest rates mayto tackle inflation. that's according to the minutes from the bank's december meeting. the fed has signalled it will start cutting rates this year. and there's news that the biden administration is providing over $160 million to domestic chip production. michelle fleury is in our new york bureau. hello, michelle. let's start off with the federal reserve and the minutes. a lot of chatter about this. , ~ , ., , ., minutes. a lot of chatter about this. , ~ ., ., this. yes, i think investors for a lona this. yes, i think investors for a long time _ this. yes, i think investors for a long time basically _ this. yes, i think investors for a long time basically have - this. yes, i think investors for a long time basically have been i long time basically have been waiting for the fed to come out and say they've thought rates had reached their peak for this interest rate cycle. and when they heard that in december, they got very excited and the idea of rate cuts are something they have been kin

us now and the cost of borrowing. as officials at america's central bank — the federal reserve — say us interest rates may have to staye time" to tackle inflation. that's according to the minutes from the bank's december meeting. the fed has signalled it will start cutting rates this year — but these comments raise questions about how quickly that will happen. michelle fleury has more. the december notes from the us central bank's last rate—setting meeting show policymakers are feeling better about inflation. they agree with investors that interest rates are at or near their peak for this cycle. they also agree that they will come down this year. but they offered no clues as to how or when that'll happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did so 11 times, taking the benchmark rate to a range of 5.25 to 5.5%. inflation, by the time of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour, b

.2%, year-over-year, 2.6%, as expected, the core, this is the preferred inflation measure used by federal reserveand a little bit less on the year-over-year number the expectation was 3, cheryl we got 2.9%, spending much he stronger, in the month of december this is the main engine of the economy how much we spend, almost double the expectations at 0.7%, that is for consumer spending consumption in december, personal income as expected, .3%. cheryl: you made a great point with that consumption number because that is actually, the surprise here everything else as you are saying was in line but .7%, that means people, people going out in the month. lauren: right, that is what we did as long as you have income coming in, you have money to spend, and that is the narrative that we've been seeing jobs market has not broken yet personal income didn't grow more than expected but did come in on target, with rise 3/10 of 1% income in line that spending hotter lauren thank you for breaking news i bring back, eric a quick reaction everything else in line as expected except for that consumption spending numbe

it is really the story that drove markets in the last year and it tells us the federal reserve can swerve they have done this in 10 of the last 11 cycles since the volcker fed. it didn't stop every recession from happening this time around, the harkt is a little bit too optimistic on the march easing step. we're on our way the amount they are pricing in over the next year is not exce excessive. >> you actually mentioned something i want to talk to you about. is there one component of pce for the fed? is there one thing the fed is looking at and if the overall core number meets expectations >> it is services ex shelter they are jointly determined in the economy. this is the thing where we are managing to get prices down in a way we have in the past. we are getting import prices down we are getting goods prices down china, in some respects, is exporting deflation. that is how we had a sub 2% and pci over the financial crisis. some financial makers said we have to get every place down 2%. we can just try to make everything controlled at 2%. they will cut and it is not really inflation it is

over my comprehension and ability to understand, but fortunately i've austan goolsbee with us, chicago federal reserveme back, neil. >> neil: no, thank you. today's wholesale report, which to a lot of people kind of evened out the retail report. >> well, its bad news and there's good news. this highlights there are a lot of good measures of inflation. the bad news is, the producer price index probably the most noisy, least predictive of the inflation measures, so i don't think you should take too much heart from the fact that you showed that inflation improvement. the good news is, if you take a step back, over the course of the last year, we have had a very substantial drop in inflation, so i don't think we want to get too hung up on any one months report. the measure that the fed looks at, which is the pce deflator, not the cpi, the new months of inflation continued to show good progress in getting inflation down, and that is the thing that got wildly out of control. we had inflation that got up as high as 9%, and now we are down into the 3s and the new months are in the 2s and that is the right dir

use. federal reserve reporter.atch tv every on c-span2 posted on your program guide a lot online anytime booktv.org. >> it's been three years since the january 6 event of the u.s. capitol. since that time, 300 individuals have been charged of crime the u.s. justice department. because of the sixth amendment of the u.s. supreme court decision about they have the right to an attorney and whentn they work by the taxpayer. one of the defense attorneys for teresa charles united states district court of the district of columbia is a graduate in des moines iowa. ♪ your unfiltered view of government funded by these television companies and mark including midco. ♪ ♪♪ midcoast supports c-span as a public service along with these other providers giving you a front row seat to democracy.ooight ransomware on a global scale. the importance of government using debate ransom. this is a white house counter somewhere initiative.

and the other one john mentions is the inverted curve which i like to use, the federal reserve bank ofbut it too has been predicting recession for quite sometime. it hasn't happened yet. what do you make of it as an investor? >> i think this period is is analogous to the 1990s, 10-year yields 5 to 7%. inflation above average for the whole decade. inverted yield curve. we had a soft landings. i long for the days of wayne angell and alan greenspan where talk was scarce. there are a lot of analogies that were solved through, by investment in productivity. so i think we can continue to see maybe better than we deserve growth but do it with a tight labor market and improving productivity. larry: john, you know there are two aspects. one as "axios" put it the other day, the biden boom. inflation down, stocks up, et cetera. consumer confidence up. although real wages are still falling but just on this point, the '90s, the information revolution, a.i., i know it's almost an investment cliche but the a.i.-related stocks or the application of a.i. seems to be sweeping the market much like the ap

us. thanks so much. >>> time now for today's cnbc money minute, what the federal reserve is planning in new year. >> the best selling truck in america issues a major recall, bertha coombs joins us now. >>> the federal reserve finds that inflation and the job market were cooling down, enough to keep rates unchanged inch colluding their december meeting minutes released this afternoon. they continue to stress the economy's outlook is uncertain and that rate hikes are still an option. the fed continued to stress that the importance of keeping rates high until they know that inflation is clearly under control and headed to its 2% goal. >>> meantime, ford is recalling 1120,000 f-150 pickup trucks for rollover risk, the recall affects 2021 to 2023. a fix is quote currently under developed. >>> for first time since 20125 disney is not the global box office leader, 202323 turns out our sister company universal ended the year as the highest grossing studio at box office with the help of two of the top three movies, the supermario movies and oppenheimer movie. >> it was popular. i went to the mario carte universa

use aliases instead. nancy, that instruction is typically reserved for federal cases against drug cartels. >> nancy: big concern that these jurors could now face threats themselves. errol barnett in new york city, thanks so much.

as always the big question is how this will feed into the us central bank — the federal reserves — nexthe cost of borrowing. michelle fleury is in new york for us. take us into the detail of the growth figures to begin with. where did this surprisingly high figure come from? $5 did this surprisingly high figure come from?— did this surprisingly high figure come from? ~ , i. ., come from? as you said, in the final three months _ come from? as you said, in the final three months of— come from? as you said, in the final three months of last _ come from? as you said, in the final three months of last year _ come from? as you said, in the final three months of last year on - come from? as you said, in the final three months of last year on an - three months of last year on an annualised rate the us economy grew 3.3%, a lot of it driven by consumer spending. we saw that over the holiday period from the latest retail sales figures that came in strong. americans were just happy to open their wallets and spend money evenif open their wallets and spend money even if they were racking up credit ca

money but everything is costing more and more it's because the federal reserve is literally a mink that's the goal of the federal reserve to make usearn the same amount of money because that is how they judge their inflation rates it. so vivek would change the whole purpose of the federal reserve he would get a chairman who would agree with him that the goal of the federal reserve should be stability of the united states dollar as a unit of measurement. this change happened decades ago back in the 70s where instead of being tied to goals we became a fiat currency basic of the chairman of the federal reserve can decide at whim how much of dollars worth. and when they decided that is when suddenly we went from three or 4% gdp growth in this country to now we are barely one or 2%. suddenly we have not had real wage growth in this country for a majority of americans in decades. it's basically plateaued while prices have continued to go up. so what vivek would say as it should be tied to commodities to gold coming to silver to agricultural commodities is how we should realize how much our dollar is worth on a real things produced in th

money but everything is costing more and more it's because the federal reserve is literally a mink that's the goal of the federal reserve to make usearn the same amount of money because that is how they judge their inflation rates it. so vivek would change the whole purpose of the federal reserve he would get a chairman who would agree with him that the goal of the federal reserve should be stability of the united states dollar as a unit of measurement. this change happened decades ago back in the 70s where instead of being tied to goals we became a fiat currency basic of the chairman of the federal reserve can decide at whim how much of dollars worth. and when they decided that is when suddenly we went from three or 4% gdp growth in this country to now we are barely one or 2%. suddenly we have not had real wage growth in this country for a majority of americans in decades. it's basically plateaued while prices have continued to go up. so what vivek would say as it should be tied to commodities to gold coming to silver to agricultural commodities is how we should realize how much our dollar is worth on a real things produced in th

that people can send things cheaply and safely, and i think that requires the attention of us, the federal reserve board, and many others. >> i have a question about block chain and stable quite, in the context of remittances. block chain can enable real- time transactions. stable coin can digitize the dollar. do you believe that the combination of block chain and stable coin, if properly regulated, has the potential to play a role in creating a better, cheaper, and faster remittance system? >> yeah, we've seen that, actually, some digital apps, and other products, have been able to actually help people send money to a family member who is in a very remote area. they may not actually live near a bank or a place that has a remittance provider, and are sometimes able to use that in ways that really kind of bridge so much divide. now, on the underlying technology, obviously it's complicated. we want to make sure that it is well regulated, that there's not fraud, that people have a fair sense of what it is, but i'm totally open to working with all of you as you think through that. >> you know, much ha

analysis if the prosecutor general’s office told us that , that the chamber of accounts... that some of the funding that comes from the federal budget from the reservepurposes, despite the fact that forests are burning in this region, but in general, this is some kind of nonsense, of course, among those who uses financial resources that should go to extinguishing fires to prevent forest fires, if he uses them at his own discretion, of course the prosecutor general’s office should deal with it or...