volker will be in touch with us we welcome you to mr.ker in the studio of the espresso tv channel thank you for being found the opportunity to join us in our live broadcast . well, the key question is what happens to those weapons if the number of people whom we respect and trust is extremely high, we are talking about politicians of the united states, of course, but they appealed to the official white house with a demand to speed up their delivery to us heavy weapons a-a 10 billion a dollars and conversal offic and in general already eh at the end of this year the total cost of aid to ukraine will amount to 12 billion dollars a recently had a conversation with representatives of america actually about the fact that the speed of deliveries is increasing and we are already seeing positive a-a positive reality , because on modern ace systems such as gaimer nasams are already located, some of them are already on the territory of ukraine, some will be already in the near future , but we can already see what results are on the field the battl

kurt volker, the former us special representative for ukraine, was in touch with us.i would like to thank mr. volker for his clarity and comprehensibility his answers and in general for his position in favor of ukraine well, you are the only one of the espresso tv channel , informational and analytical day seven continues at 5:38 p.m. khrystyna yatskiv and antin berkovskii, let's not forget that today is the day of the national flag of ukraine, the ukrainian state flag will return to all temporarily occupied territories forever such confidence was expressed by the president of ukraine volodymyr zelenskyi today during the ceremony of raising the national flag of ukraine in kyiv, this ceremony is one of the long-standing traditions that go back the declaration of independence of ukraine about smoking this holiday in our next story, the holiday of the state flag in ukraine has been celebrated since 2004 , in 2008, the tradition of solemnly raising the flag appeared on august 23, the combination of yellow and blue colors goes back to the times of ancient russia, these sch

when paul volker took over as the fed chair, inflation was totally out of control.did that, the fed has a lot of credibility, even decades later, that if the fed chair says don't make me do this, don't make me pull the car over, i will do it. the market does believe them. hopefully, as i say, this good news that we have been getting for the last couple of months, at least the new months of inflation are much lower than what they have been. will prevent us from having to raise rates of that nature. but you raise an important point, which is the fed has not raised this rates this rapidly in many decades. and so, everybody is going to just have to kind of get -- wrap their heads around that. and the main thing to be watching are these new months of inflation. if they remain low, then i think people are going to have a sense of relief and the fed will probably slow down. but if we start getting monthly inflation numbers like the ones we saw last year coming back in, then it could be paul volker back off to the races raising rates at really rapid clip. >> i mean, instinc

you had a delicate internationalist in paul volker.ad an advocate for total free floating currency in george schultz. there were all these different views and i wonder if you could just give us a little insight into how these personalities came to this decision? >> that's a really good way to put it because nixon knew something had to be done. he didn't really have a grasp of the international financial situation. in fact, only one person there did, and that was paul volker. let me take one step back. what was remarkable about the people around nixon was that most people had never heard of them. if they had heard of them they had heard of them in a much different context. as richard said, john connally was the secretary of the treasury and in many ways he would've been very much at home in the trump administration. he was a fierce nationalist, he basically, his motto was, let's screw the foreigners before they screw us. he had no interest in all in the global financial system. he arrived in washington thinking that the europeans and th

continue now, many are trying to predict, but you somehow honeyed the situation, so volker told thes media that the coming winter will be difficult for europe, ukraine and even for russia, in particular with regard to energy resources, but extremely difficult times are still ahead, because after the winter there will be the next stage of military operations, said the former special representative of the us for ukrainian affairs course volker, according to the diplomat, ukraine is currently unable to quickly expel the occupiers from its land for objective reasons, the war against russia will last at least until the summer of 2023 volker emphasized that difficult situations are aggravated by the energy crisis in europe, which is caused by russian gas blackmail, he warned that the whole winter will be difficult for all of europe, ukraine and for russia as well, but we will provide not only military aid, but also financial and humanitarian aid, for the winter will be difficult. and so on, we are ready viktor, well, that's all for now, what has lasted until the summer of next year, do we

let's talk about ukraine 30-40% until the end year we quoted here cult and volker of the former specialsentative of the united states department of state for ukrainian affairs, he says that the war can drag on at least until the summer of next year, the 23rd, or will there be enough economic potential for ukraine, primarily economic, because there is military and human potential, i thought we would have there is enough economic potential to launch a protracted war, what can be done now, it is possible, it is necessary to develop some kind of strategy, i don’t know, to conduct some negotiations regarding further borrowing there. well, if minus 40 by the end of the year so what will we earn and eat excuse me and what will we buy weapons for next year at least until the summer, as volker predicts, it is possible and even longer, please well, first of all, such narratives of thoughts are quite wrong, although the needles are already a very smart person. i have several times i spoke with him, but he reflects the opinions of american experts, maybe even generals. unfortunately, even for them,

they also look to volker as don't make that mistake. get us to a place where the pain is really painful. alix: there is pain -- maybe not really painful, but there will be pain. what does housing look like? what is the consumer look like? what parts of the economy are going to really suffer? claudia: the place we are going to see the pain most announced is -- most pronounced is as the labor market slows can you are going to see fewer races come inability to move to a better job, people losing their jobs, and for many consumers, what they can spend is what they earn. when that slows down, their savings start to dwindle, they are the ones who have to cut back. interest-rate purchases, too. we are seeing a lot of slowing. but that is a relatively small part of the economy, and that is going to take a while to feedthrough. it is the american consumers that are going to take the hit first, in particular those who have fewer means. anna: a lot to ask about the path for where the interest rates goes and people rethinking 2023. what do you make

kurt volker, eh, i don’t know where he gets such information from, but you have to understand we onlyave time to win this war for independence, it is first of all the responsibility of the united states that they will supply, provide weapons , support, the time depends on that, when we divide our territory, and this is only this whole the responsibility lies with them if they provide us with weapons as soon as possible and in accordance with the nomenclature and quantity as we need, the war will end with our victory, and this year if they pull supplies, it may not even end in the 23rd, but only in the 24th everything is worse in their forces, its capabilities in relation to the economy, we understand, fortunately, we have already begun to understand and this cannot help but please me that moscow has chosen another front of the war against ukraine, and this is primarily economic pressure on the countries of the european union to the countries of the west in order to agitate them through society so that they do not support ukraine, and we had to be ready for this, including through an i

kurt volker, good afternoon. we are grateful for your time. kurt volker, good afternoon.thoughts, please, on the legacy left. . ~ , ., thoughts, please, on the legacy left. . ~ . thoughts, please, on the legacy left. . . �* left. thank you so much. i'm speaking from _ left. thank you so much. i'm speaking from you _ left. thank you so much. i'm speaking from you from - left. thank you so much. i'm speaking from you from a . left. thank you so much. i'm. speaking from you from a free country, georgia, which would not have been the case had gorbachev not taken some of the steps he had taken. we have seen the rejuvenated independence in many countries who are recovering independence which would not have been the case, i think that gorbachev had a fundamental human decency, just as your reporter indicated about torture and saying that the kgb shouldn't be doing those things, i think he had a decency of saying people should be good people and we should be able to make our own systems work. we should be able to build something better. what he was mistaken and is that the soviet

and kurt volker gave an interview. and here we are for the second day discussing what he said there, this is a former special representative let's remind the us department of state for ukraine and he said that regarding ukraine and georgia and when they can become nato members despite the fact that part of their territories are occupied by russia, volker considers it possible to apply the so-called rasmusin formula, which was proposed two years ago by the former nato secretary general, it provides for an agreement between nato and the candidate countries that they do not return the occupied territories by force. he said that in the case of georgia this is possible, at the same time he said that this formula is not suitable for ukraine now because russia attack destroyed such an opportunity . please comment on these words of bulker. i agree with a highly certified diplomat. and in general, we had a situation like this for a long time when they said that the country is territorial claims that are not settled, it can not

it continues to be such a scarecrow, the main thing is andrei . what corner volker is throwing at bidenbout the fact that biden started from the very beginning, do you remember this was an article published in the new york times, if i am not mistaken, such a program article that almost at the beginning of the war, biden said, it was called that, that we we will do what are we not going to do in ukraine, where from the very beginning, biden has drawn some lines for himself, red flags beyond which he will not cross so that they provoke russia, and time will not show that this is a false strategy, that we should not consider putin how, uh, rationally and an executive-educator politician who wishes for the good of his country that he is primarily such a hooligan, people who say that they understand that he is a hooligan. it seems to me that they are much better in the west, you know that they better understand putin’s psychology and also his you are a voter in the people only the powers and the power understand best. try forward to see if this position will change or if ukraine will be allo

how do you evaluate it and the veracity of these forecasts by volker kurt, please well, we are with you. these are absolutely forecasts, absolutely factual, absolutely true, nothing can be said here, because the person is aware of the situation, she personally knows, er, those er, many active persons who are here, and she understands what she is talking about. she speaks responsibly about these things, of course, you and i hmm, we would like it to end sooner, but all this will end when the russian federation ends, the russian federation will now try to restore the renault mess, so putin said that because putin obviously involved the russian federation into an adventure of a military adventure, and the consequence of this adventure will be , in the best case, the death or removal from power of putin himself. of course, putin will resist and he will try now in any way to whiten himself personally in the eyes of his society as he can do it, he can do it only by scalding the military forces, well , the military operation, that is, he will involve more and more people in it in order for this

he said we may need a volker style movement.s says to me the fed is far from discounting substantial -- more substantial rate hikes then we all seem to have groupthinked ourselves into. >> it does speak to the gravity of the moment. neel kashkari is something of a dove and yet here we are. he is saying we could be on track to do what paul volcker did in the early 1980's. even though inflation expectations come unanchored -- that is the key for central-bank policy policymakers around the world. he is saying you have to go hard now. he is not just talking about peak inflation. he is saying the fed have a lot of work to do. manus: and miles to go before they sleep so to speak. enda curran on the data. this year's meeting in germany brings together 19 laureates of nobel prize for economic sciences. one of those attending as a london school of economic professor who joins me now. he won the prize in 2010 for his paper on friction in markets. thank you so much for joining us. an awful lot to get through. i am drawn to your specialty o

your positions, your assessments of the situation are closer to the position of friedman or kurt volker to the opposition all the same kurtovalker although on the other hand, well, i simply do not understand how it is possible to form any work in general, especially at a strategic level, focusing on some terms, after all, other parameters are of primary importance here, this is fire copper - this is the ability to e- e effective conduct of hostilities, the concentration of its efforts and and in turn, the enemy e-e will not be able to construct such efforts and so on. that is, it is not about time, but about the ability to create the right conditions for conducting operations for coordinated actions under a single the plan, and the task, as they say, that is, if we say, and when it is more profitable to conduct operations of the armed forces of ukraine in the fall, winter, or spring. i think that operations can be conducted at any time of the year, the modern armed forces are ready for this, but of course it is necessary have prepared a-a prepared group prepared tools and if we say that

this is how nuclear blackmail is carried out with the help of a power plant, which the volker-expressepresentative of the state department for ukraine commented the day before for the ukrainian media about nuclear blackmail by putin and he actually spoke about the fact that he does not think that putin will dare to use nuclear weapons against ukraine, but he did not say anything about the situation in the new zealand, which will become the same meaning, that is, your predicting something. let 's try to talk about what is happening in the south happening roman kostenko, people's deputy of ukraine, secretary of the verkhovna rada's committee on national security, defense and intelligence, colonel of the security service of ukraine, we are in touch roman congratulations congratulations well, the russians are accumulating forces in the south and this is a very important moment, how do you understand all of us now rain they were seriously interested in what they are going to do in general, this is an eternal plan, mykolaiv, odesa , transnistria and moldova, or do they want to defend kherso

you don't. plato and what about the cost of i would the media by hugely what is most video special volker unit? that's all stuff from ago. i guess. careful shipping a disney jr. thank you. from the target? barley, brittany? i'm lucas. come to school. he has a, a bug, olivia, a bullet shop college. i was suppose to be an issue when you, but i'm sure you don't really know speed will show you a little or a political because i still want to be does ask you caterpillar's really not always use and i'm not sure. yesterday we are so much it was the only way to my wish to get a little can you me course so not sure, let me, let me up. us to release was comedic. when you school seals to get a quote from to put anybody else was on the, on the gun or somebody set that up on my list, unless you really what you were boy with a lot the way the old official will for you to worry about strippers. with keith, i say, give somebody a bomb, went up with a couple of useable was, but he has nice w. does she live to be sure to move it? cuts the booted push, put the way it will, it will took up less, which are ver

kurt volker was a u.s. special representative for ukraine negotiations.rned from a trip to ukraine. what's your assessment of the situation right now? >> well, first off, the war is far from over. there's a long way to go. the ukrainians have fought back. they've protected kyiv in the west, but there's a lot of fighting that is still happening. the ukrainians have incredible resilience and determination to take their territory back. the russian assault has been fairly brutal but they're determined to fight back. the russians seem to have exhausted themselves. they're not really able to advance and take much more territory. ukrainians are using that to try to go on their own offensive and take territory back, particularly in the south around he hercog. >> the potential threat of the shelling around the zaporizhzhia power plant can't be overstated here. president zelenskyy says russia is turning this plant into a battlefield. your reaction and what do you think needs to happen? >> right, well, first off, it's incredibly reckless what the russians are doing.

powell really channels former fed chair volker in his speech, referencing the '70s and '80s as well do you think that's a fair analogy? what's different about this time >> you know, deirdre, good question, because it is easy, and maybe a little bit lazy for some people to say this is like the '70s when in some ways it's not like the '70s at all people are trying to take that imprint or that hole series of events and say this is like the '70s when we had high inflation and volker had to go to double digits there wasn't a pandemic in the '70s there was a period of perhaps overfiscal stimulus, but not one that went on for decades for example, you can trace back the inflation to the '70s to the great society and the vietnam war. the spending associated with that this time, indeed, it's different. it's always a little bit different. maybe substantially different in that case. but what the analogy that powell reached for was the idea of you can't stop and start, and that was leaning specifically against this notion that's been out in the market that the fed may rocket interest rates up and t

say that the interview on the european to the european truth, serhiy sydorenko, er, talked to kurt volkerhat he was until recently. well, recently, more than two years ago, he was the special representative of the united states in ukraine, a diplomat who absolutely has such a pro-ukrainian position more than just diplomatic duty seems to be a person who really sympathizes with the ukrainian ukrainians in ukraine in the ukrainian case criticizes biden a little bit very good interview very good interview but but but hmm er you will read it after er watch espresso er just now, oleksandr pokherytskyi is with us again, we have reconnected, mr. oleksandr , you can hear us like that, you can hear us well, you can hear perfectly , we can hear better here, by the way, viewers write comments in e-e for the broadcast and wish you to get well soon, they say that they are proud of you i wish health to you and to all our defenders, this is such a small retreat, i would ask you to continue what exactly is this, how is this the easiest , the lightest injury, how is it tolerated and what does it look like

interesting interesting well, not a statement but an interesting opinion was expressed by the group volkeralso traveling around the usa in ukraine eh who said that ukraine should win back all the occupied territories from russia including crimea, otherwise putin may repeat the aggression in the future, and it’s interesting. because before, all kinds of western partners talked about the fact that, well , wait crimea with crimea, wait with donbas, wait, but but as we can see yesterday’s explosions, although this according to the ministry of defense, it can really be something what are you changing, dear friends, for now we are going to the news of the economy after a short break with andriy yanitsky well, then i andriy savchuk and lesya will continue with you the actual morning marathon , so that ukrainians don't think about anything they said the first place is still war war and our victory seven days a week from monday to sunday seven different spheres of human activity sports culture politics eight presenters espresso journalists experts opinion leaders in real time about the most current

direction will not be able to ensure a quick victory, former us special representative for ukraine kurt volker said in an exclusive interview with radio liberty. ukraine is a part of nato, i don't think that anyone has a clear understanding of this now, but we have to find this scenario for the end of the war. my personal answer to this question is that russia has to leave ukraine and return to its borders if russia continues its imperialist course - this is a danger for all of us, for europe, for the usa, this is the same ideology that caused the second world war, and we do not want a repetition of this, russia must agree to return to its territory. if this happens, it can peace will come but i don't think we are close to that right now regarding your question from europe and the united states we are hearing very vague wording of what the end of the war will look like one of them is to help ukraine to take a strong position and start peace talks, but until putin is going to agree what the meaning of this will be and whether he will leave ukraine, all i think is that it needs much more determi

well, i literally quote, see from kurt volker, william taylor, maria ivanovych to general benhodges,he main thing that they want to achieve with such publicity with such a publication is to put a little pressure on the biden administration and just to convince them to provide ukraine with longer- range projectiles. sasha and you, i have to explain to our viewers what is happening. the fact is that now, uh, these ammunitions that are transferred for the heimers that are used have a range limit of 80 km. well, the pentagon just says that in principle this is enough to carry out those tasks that are for use in donbas. well, if strikes deep into russian territory were to be carried out with the help of american weapons, then according to american experts of the american military , they could provoke the situation, so in washington they try to avoid this by all means , there is a fear of this in adviser of the united states well , the experts who signed the material, on the contrary, believe that only thanks to the fact that the united states should give ukraine the right to strike at lon

yesterday we very actively discussed this statement by kurt volker, the former us special representativekraine about the fact that the war with russia will last at least until the summer of next year and the most difficult times are still ahead. next summer, when do you think the most difficult times will be? and it will die down, it doesn’t matter whether we will get any documents or not. and it will simply die down. there will be some really big operational phase from six months to a year, and maybe much longer. i am a supporter of the concept that moscow imperialism will be detached from us and from the ukrainians sorry for such a bad word under only four circumstances this state will fall apart into 20 countries they will take away their nuclear weapons what is left of some russian republic there will be cut off from oil and gas and for at least another three generations what will be left will undergo a comprehensive ideological rehabilitation, first of all recovery from their greatness and the fifth factor is ukraine joining nato, so let's look at this problem under these five prism

mcconnell, william taylor mary ivanovych, former ambassador to ukraine and special representative kurt volkerhere note that even though the administration is divided, we managed to successfully unite the allies of the united states in order to provide ukraine with significant volumes of military aid have not yet been able to formalize the sufficiency of the strategic narrative in order for governments to maintain public support for the participation of nato countries in this process in

thing that putin said when he was three years ago, do you remember the first e-mail contact kurt volkerishment when russia came up with the idea of ​​the so-called bill of great agreement that let's move to a multipolar world and in fact the influence and in the words of medvedev - this is just a repetition at a new stage because there is such a thing as a certain part of european politicians are tired of the war, they just want to stop what they call a crisis. for us, this is a war on any terms, it is very similar to the 14th year, and even to freeze, and against this background, russia is returning to the same uh, rhetoric that, ok, let's make a big deal with it, but in fact, let's divide the sphere of influence and russia will be a geopolitical player, it's also very simple, in other words, and it's another matter for the kremlin. that now the situation is much worse because if we take the end of the 21st year and beginning of the 22nd by the way when, including, let's call it, envoys came to ukraine, either from european diplomats or from putin, who said that let's really make some

mark: powell wants to be like volker.doesn't necessarily want to engineer as sharp of an economic downturn, but he is going to do what it takes. but the good thing is that the market and surveys of consumers generally suggest that the fed is still credible. we will get another update on friday. the most recent reading suggested inflation was also expected to be somewhat limited. because of that, because the fed is seeming so credible, that really does help them likely not have to go to the extremes, but i think powell would very much appreciate that he has those credentials. tom: thanks for the update, a real caution as well. a 21-level, that gets my attention as well. in the yield space, wow. 3.2 3%, the two year yield. this is bloomberg. ritika: keeping you up-to-date news from around the world, president biden finally got the win he has been waiting for. the senate passed the landmark tax climate and health care bill. it is a slimmed-down version of the $10 trillion plan proposed more than a year ago. now the question

mcconnell william taylor mary ivanovych former ambassador to ukraine and special representative kurt volker well, many of the signatories there note that although in the baidi administration, we managed to successfully unite allies in the united states in order to provide ukraine with significant amounts of military aid, it has not yet been possible to formulate a sufficient strategic narrative in order for governments to retain public support for the participation of countries nato is in this process in what perspective. are you familiar with this column, what is its meaning, and is the help from the united states still insufficient, as the authors of this column write, please, during intensive war, any aid is not enough , this is absolutely, this is such a simple truth, that is, the more the better, i do not undertake to assert . military tasks i consider this statement positive without a doubt, because it is pressure on the administration from a rather influential group, which will be listened to and which can influence the decision-making that the authors of the column wrote providing a

i'm talking about big details, with regard to just the general notion of how volker and interest rates have morphed over the years the vietnam war created the typ of hyperinflation that volker needed to cure and the anomaly was the high inflation until we came to our fed. allan greenspan decided having recessions is not a good idea. and everything we've done to squash out recessions has made the economy so much more knee jerky, and i think we're going to have many more boom-bust cycles and all of those because of the fed >> hold on, steve. what i'm disappointed is, bad government policy causes the fed to have to finance the bad government policy, and now we all have to pay with the recession. >> enable, enable. >> and enables them. why do i now, and all the workers in the country and everybody who's trying to live the best life they can, now we all got to have a recession just because of crappy government policies that's frustrating, steve, see what i mean? >> well said >> i do, but what i think when you talk about moving from the details to the 30,000 foot level, are the failures epi

conflicts in the world forty- fifth to 2001, well, the statistics hmm are like google but look what kurt volkerery minutes. and by the way, if you see, this was not military propaganda from the point of view of the blade fleet. here he is a walker, now everything is too risky to leave even the crimea in the hands. in russia, you must fight for the return of your territories, and you must ensure that putin and the russian federation accept, that they will have to live within their borders. that's very briefly, by the way, walker. uh, a very good representative of that american establishment, which is specifically interested in walter's ukrainian affairs for sure. even i am absolutely sure of this, there are investments in this very ukraine, and he says, money is fighting like that. and who these guys who are called in ukraine to the recruiting centers have their own investments. let's see how the conscription is going in ukraine now. all queues to the territorial centers, which are shown on television, these are queues of people who want to get a deferment pass a medical commission or have some

we had the most inverted since the volker days. liz: it was like, did it happen? we went to steepening. that is what we were trying to show. it might have been a quick move but it is telling. people are saying the curve would get to -80, about double from now. don't miss that this happened even though we had the rebound and ppi was softer today. i think a lot of people just think the trend is your friend. flattening and inversion is the trend. it was a pretty crazy day yesterday for sure. caroline: are people caring more about the depth of the inversion or the length? or, jesse three-month -- just the three-month? liz: the first one to show this yield curve is linked to growth, so inversion means recession. he said the inversion can show the length of the recession. how? he said it is pretty much how long the inversion holds and shows how long the recession will be. he likes the three-month 10-year, which floated at negative. you can see that inverted for a quarter. that's code red. as long as it stays inverted we might have that long of a recession. it seems like

at the peak of the volker hike rates had to go up to 20% before inflation came crashing down.uch 4% by the end of the year. there is a lot of optimism because were coming off of a decade-long sugar high of free money. what is going to happen when chips fall where they may. dagen: we have a late cycle economy, highly leveraged and cash and bonds will never yield or return that beats inflation or matches it. this is how the federal reserve and those policymakers continue to screw people who just want safety. they are crashing people want safe investment that will yield a return that can keep up with inflation. back in the early '80s when volker was running the fed you could do that you could get eight to 10% on a cd. he paid enough that your money wasn't be destroyed or purchasing power wasn't being destroyed. the chairman of the house ways and means committee will reportedly say he will raise individual and corporate tax rates as democrats keep control congress after the midterms. what do you make of this, what invention. maybe a little honesty, frightening as it is out of d.c.

let's take this forceful powell at his word point thinks he basically had on friday what i call of volker moment. we are no where we were in the 80s but inflation is bad enough that powell has to act decisively unless things get a lot worse. so, what exactly does paul want to see? first, we know what is not enough grid commodity inflation. that is not going to cut it anymore. he just does not think that matters. the vast majority of commodities have already peaked. oil, which had fallen from $120 to the high 80s, okay, it's starting to bounce back. okay, but i think this current level since the mid-90s is the high-end of oils range. we have 8% of world it represents only about 4% of the s&p 500. aluminum, lumber are all down for the year. these commodities can bounce back, but that seems unlikely with a slowing economy and don't forget, russia is letting the world with oil to pay for its war against ukraine, so that will serve as a lid around these levels. here's what i think powell is really after, and as i said, it's a tough spot. from the fed's perspective, the most important thing is

. >> strong words there from kurt volker on russia committing war crimes in ukraine, how are you investigatingand what is the range of violations you've documented? >> the past week has been in especially intense, we have been documenting these crimes and act, really since the beginning of the war, and indiscriminate bombing, like you've seen in mykolaiv, residential buildings, and hospitals and schools and the like and documenting also in areas where russian forces are actually occupying, forces and the appearances and torture and killings of civilians, documented were russia has withdrawn in kyiv in the other regions were and we published a report about torture and forced disappearances and other asked to anticipate -- intimate and silence civilians, and the regions were russia is currently occupying, and documented the forced transfer of civilians from ukraine to occupied areas of russia, sorry ukraine and also to russia. that is just a small piece of the documentation we have been doing. >> what are you learning specifically about russia's treatment of prisoners of war?>> right, obviously

thinking back to volker, people forget that he was remembered for squashing inflation in the 80s. they don't talk about, there were two, very deep recessions that he caused i think in '81 and '83 but he's remembered because he dealt with inflation. yeah, i think the fed first and foremost is less concerned if i might say of a recession than they are bringing down inflation. no one wants to be known as the fed chairman that was asleep at the switch when inflation went rampant. i think they're going to go toward raising rates to the point where they know inflation is not going to be a problem. liz: ron, i'm watching the markets in realtime here, and now the dow has lost all its gained. we've seen quite the rally. the dow up 342 points at the high, s&p 47 and nasdaq up 171. i know the market is a voting machine as buffet and benjamin graham love to say. do you think something, some of this retracement has to do with worries about what's going on in washington dc? we just had that news conference with the attorney general, there are concerns about the fact that there was this search w

john volker, i'll give you a call and consult on what that purchase might be one day.r being that guy. good to see you. all right. still ahead, oklahoma began a series of death row executions despite concerns over the history of botched lethal injections. more on that straight ahead. feel the rush of performance at the lexus golden opportunity sales event. we're a different kind of dentistry. one who believes in doing anything it takes to make dentistry work for your life. so we offer a complete exam and x-rays free to new patients without insurance - everyday. plus, patients get 20% off their treatment plan. we're on your corner and in your corner every step of the way. because your anything is our everything. aspen dental. anything to make you smile. book today at aspendental.com, walk in, or call 1-800-aspendental. get ready - our most popular battery is even more powerful. the stronger, lasts-longer energizer max. heyyy! (steins breaking) your cousin. it means, “ok-to-beer-fest”. boston. ♪ another sam octoberfest? ne. make it ten! i like is guy. (cheers) i have mod

and that puts in jeopardy contraceptive cases, lawrence case, loving it and volker felt. so certainly same-sex marriage in interracial marriage, people are fearful about what the future holds. >> senator baldwin, good to see you again. thank you for being with. as democratic senator tammy baldwin of wisconsin. still to come, an update, author salman rushdie is apparently on a ventilator not able to speak after a knife attack. we will have the latest after this. will have the latest afte this ♪ ♪ elon musk says tesla's full self-driving software is “amazing”, it will “blow your mind.” but does it work? this happens over and over again. 100,000 tesla drivers are already using full self-driving on public roads. i'm dan o'dowd. i'm a safety engineer and tesla full self-driving is the worst commercial software i've ever seen. tell congress to shut it down. paid for by the dawn project. the condition of the renowned on -- is not good after he was attacked yesterday during a speaking engagement in upstate, new york. police say a man is reportedly sympathetic to extremism stormed

the successful volker disinflation of the 1980's followed multiple failed attempts to lower inflation over the previous 15 years. a lengthy period of very restrictive monetary policy was ultimately needed to stem high inflation, and to start the process of getting inflation down to low and stable levels until the spring of last year. our aim is to avoid that outcome. these lessons are guiding us. we are taking forceful and rapid steps to moderate demand so it comes into better alignment, and to keep inflation expectations anchored. we will keep at it until we are comforted the job is done. thank you. jonathan: the chairman of the federal reserve in jackson hole, wyoming, with a pretty strong message for this market, this country, and maybe the world. we have more work to do. tom: i'm thinking the next press conference should be eight minutes, 38 seconds. jonathan: that would be good. i will get some of the price action for you on the back of those comments. yields higher particularly up the front-end. yields up by around seven basis points. on the tenure, up by about four basis points

the fed is hiking rates at a rate we haven't seen almost since 1980 and paul volker and that's the concern, slowed the economy later this year or next year to point it is in a recession. >> what will you be listening for tomorrow from jay powell? >> so jay powell has to undo what he did last year. he said his best guess is that inflation is transitory, inflation, the cpi at least at that point was 5%. it's now as you know up to 9% before coming down in just the last report. i think that he's going to be pretty stern about the idea that fed is fighting inflation. inflation is here now, and doesn't expect it to go away because the federal reserve has to really attack it in a way it hasn't in the past. i don't expect powell to mince words very much. there shouldn't be a whole lot of daylight out there over the question of what the fed is going to do. it's going to be raising rates until it sees inflation coming down. >> mostly the question is by how much, right, steve? >> exactly. that's the key question right there, how far do they go? i think they're going to take it meeting by meeting, rep

believe it or not the only way they could get paul volker to agree to sit down with anyone else is if there was fly fishing nearby that is how inconsequential -- i'm not even making this up. even if you look at recent years, the most notable two things that we've seen happen coming out of jackson hole, i would say mario draghi in 2014 reiterating the dangers of deflation and laying the groundwork for european style qe that was probably a moment and then maybe in 2018 when powell took, i think the speech was called something about guided by the stars, and he talked about like almost like his intellectual framework for the natural rate of interest, the natural rate of unemployment which, of course, are not quantified things. it's like a rorschach test for economists i don't think all of a sudden this is a year where they speak tactically this is an event where they present white papers and talk about their intellectual framework for looking at the big picture ideas. so let me wrap this up for you here is what matters commodities over the last month. bloomberg commodity index hit its low

what's in the middle is that volker with superglue on it. it disintegrates, that velcro in the middle collapses. there are two things that do, that i think. first of all, when -- lance is absolutely correct. the second thing that really rips it apart, is harry handguns, who alam are brought into the white house, who really supported, when fdr turned on him, when hip turns on him, when the war comes, and hopkins says, goodbye to the new deal. the associate press assessment to fdr, there is no center. they began to live distinctly separate lives in the same institution. at one point, i think that is very correct, and david makes this point. lance makes this point. jeff ward makes this point. i make this point. after polio, the roosevelt never spent more than six months a year together. they are always more apart than they are together. coexist in a way that she's traveling, he's traveling, and so they figure out how to coexist in a way that gives them the space to become the people they to come. and i think that that is, i don't know the word

it was a volker moment for him and i think there are a lot of people who are grateful that he got tough. the two-year is very grateful. the people who are buying th two-year are telling you, he's taking it to -- i was thrilled that he was tough and just hindsight, why didn't he do this and that those people should stop talking. that's like saying, why didn't -- someone challenging rory, why didn't somebody do that that's over. i care about the future, not the past >> and you think he talked -- you think he's going to follow through and you think that's a right move >> yes i want this thing to be over we got to get wages to peak. we got to find people. we got to find the people. we still have supply problems everywhere but i want -- >> okay. >> i wanted a tough fed, i got a tough fed. >> i'm told we're going to take a quick break and we'll be back th mwiore "squawk on the street." stay with us om panies have billions of dollars and an army of lobbyists. but aarp has never run from a tough fight. they stood with their 38 million members and said, "enough." enough of the highest prescripti

would rein the spending in and would not have to play whack a mole, but he'll have to go back to the volkernd more aggressive. >> sandra: and anybody who lived during that period knows it is a lot of short-term pain, but it works, you have to suffer. jackie, we will watch the market reaction, lows of the session now, reacting with about an hour left in trading. >> john: fingers crossed on what you just said there. biden administration accused of hypocrisy over oil. fox news is learning that energy secretary jennifer granholm asked u.s. refiners to cut down on exports to europe, despite countries like u.k. bracing for skyrocketing energy bills because of ukraine. aishah hasnie is joining us live on set to break it down. white house has been on a victory lap over gasoline prices recently. this would seem designed to further drive prices down at the cost of our allies. >> aishah: worried about the prices going back up and according to the secretary, all about hurricane season around the corner. but i want to show you this. fox obtained this letter sent by granholm to major u.s. refiners callin

volker, half-approved forces here, the ambassadors , former vershbu herbs marionovich, all ivanovich,this, and now i will give the floor to maxim and the work of logisticians and the money spent, because such actions are usually in washington acts from the next do, from the following from ukraine and the customer turns to the abinsk company, it costs several million dollars, maybe a couple of tens of millions of dollars. here is the action on these orders text is taken and who will sign and the lobbying company ensures the signing is the standard practice of the functioning of american democracy is called labian activity. it is not interesting whether lobbying worked, in this case i am inclined to believe that, and most likely, that this is a letter written directly on the order of ukraine. well, let's think about whether this money is justified. let's say if your logic is right spent on bringing in 100 different political characters like kurt walker, who we know as the trump spokesman who was in charge of the ukrainian assertion, nevertheless kept her personal affairs in mind. and he

and the us special representative for ukraine, volker, is predicting a superheavy winter at the samet leave the approach of winter. can you assure all ukrainians that a cold winter and russia's manipulation of gas and oil won't kick ukraine out of the media space right, but let's be honest. we are expecting a difficult winter for everyone for ukraine, of course, from the war to the energy supply from the economy, as well as for europe it will be difficult. yes, they will have to deal with higher energy prices and restrictions on access to energy. apparently, therefore europeans do not want to give the last shirt to kiev and freeze to death american magazines florin hollis and found out that in total the west promised kiev 31,000 for more than 31 billion euros of budget support, but in fact, from february to june 28, about seven and 6 ml were paid. only at the end of june beginning of july the influx began to catch up with the euro, which had been lost by now. the total amount of assistance is about $ 11 billion, which is still an order of magnitude less than payments to russia for it

kherson region and zaporozhye former special representative of the president of the united states kurt volkeres not hide his own and said that you said that you expect ukraine to launch a successful counter-offensive before the end of the year. what makes you so optimistic, in the first place, we hear it directly from the ukrainians themselves military and political leaders, what is their intention. secondly, you combine this with the equipment with weapons that the united states provides. i think, i think that the ukrainians will push with all their might throughout august september and october to take back the kherson region, and maybe the zaporozhye region before winters. even more gloomy is the assessment of analysts from the british magazine spictator in society, the growing information fatigue from president zelensky about the high cost of living for europeans is now much more frightening than the mythical russian tanks. it means that he forgot what he says, while they speak russian already. here's nadezhda, finish yourself off putin's regimes so that it doesn't exist. and all of humani

russian, near kiev in kherson or in eastern ukraine, the former us special representative for ukraine , volkerngton warned of potential retaliatory measures and the consequences, too, the americans are aware, let's get back to the call again. only the bathing suit did not rise, we live in a democracy freedom assembly demonstration. to capital punishment for me nachalovsky, dear comrades of the prime minister today at 21:20 on the russia channel, you know sonny how? i already want to be with your babies. and that's why i'm going to go through a medical examination first, the probability of beating cancer at an early stage is 90%. for big plans, a small examination is needed. make sure you're healthy. look at me now i'm back in the gloria jean commercial i'm also in advertising gloria jeans new autumn collection at super prices hurry up in gloria jeans bought a cream. dolgit bought on another for pain in the hands. i only use cream. dolgit yellow packaging from 149 rubles. discounts up to 50% on all children's products. ah, don't, well, they are so tasty from the meat of their own farms and you

the owner of the world, or what, volker?rimea is the opinion of the crimeans, crimea, they expressed it? and the ukrainians, by the way, did anyone ask the ukrainians if they want something or not? cost ask the ukrainians and to the danger of asking the right questions for them decides everything for them. how many times they promised to vote all the time, according to nato they took the people into the constitution asked. you all kept silent, too, democracy to me, so that's what erdogan is. let him come to you. let the gutyrysh ofigeyra shminysh come to you all together. let them take the poles with them, just for the company of the three baltic extinctions. and you can all shout together demand that he demilitarize. how they will spend guteresh with their own will go to persuade ours. will it help no? we do our job, quietly calm and hard. and you 're doing your next terrorist attack trying to carry out. yes, no problem, we will rebuild everyone. we let's rebuild slowly systematically bring the matter to an end with minimal