I have a pen to sign executive orders and administrative actions that move the ball forward. Day one, we sign an executive order. This is the way our government is supposed to function. ,ccording to the constitution over the past few years article two only says executive power is with the president of the united states. It is a lot more nebulous with the scope of those powers are, but it is supposed to be enforcing the law that Congress Passes rather than making laws yourself. The laws surrounding president ial powers are complex, but enforcing the law the Congress Passes rather than making the law himself. King. Id not want a some of the arguments of impeachment against donald trump are that he is acting like a king. Those of the limits of executive power, but what is it look like when the president oversteps those bounds . Constitutional scholars would argue the past two president s have given us plenty of examples. At the conclusion of the obama presidency, dr. Shapiro listed the to
He was kind to keep his commitment to be with us here today. But he will not be able to talk about the Monetary Policy aspect of his position at the fed in todays session. That said, there is lots he cans ill talk about. Very goodwill have a discussion on the topic of too big to fail. Before that, over bit of background on president kashkari. All fed bios are interesting but his is particularly eclectic. Anbegin his career as Aerospace Engineer in california where he developed technology for nasa Space Science missions. After graduate school, he joined Goldman Sachs in San Francisco where he helped Technology Companies raise capital and pursue strategic transactions. To 2009, a very quiet time in terms of the economic and Monetary Policy environment, of course. He served in several senior positions at the u. S. Department of the treasury. 2000 eight, he was confirmed as assistant secretary of the treasury and oversaw the troubled Assets Relief Program or tarp during the financial crisi
And im very pleased to be here today to introduce a moderate a discussion with the president of the Federal Reserve bank of minneapolis, neil kashkari, he took office as the president and chief executive officer at the minneapolis fed on january 1st of 2016. As part of that rule he serves on the federal open Market Committee bringing the feds ninth districts perspective to mondetary policy discussions in washington. However i do want to preface the appearance by noting that after president accepted our invitation to speak here today, the fed adjusted its blackout period ahead of its Monetary Policy decision so that we are in fact within the feds blackout period today. President kashkari was very kind to keep his commitment to be here today but not able to talk about the Monetary Policy aspect of his position at the fed in todays session. That said, there is lots we can still talk about and i know we will have a very good discussion on the topic of too big to fail. But before that, a li
Area. He Inflation Forecasts are the real key. The australian bombshell. There is a time to her three times every year where the wind shifts. This morning feels like that. With the australian shock of new low rates. Of deflationregime and disinflation fighting going on as we speak. Francine its something we have been trying to fight. I guess this is a shift in the wind. Realization that Central Banks seem powerless when it comes to fighting inflation. Lets go straight to bloomberg first word news. Republican president ial front runner donald trump may be on the verge of delivering a knock out blow. Poll shows trump with a 15 point lead over ted cruz. Cruz says he will keep campaigning in a longshot bid. For the democrats, Hillary Clinton and Bernie Sanders are in a tell you race in indiana. 90 of the delegates she needs to become the nominee. European companies are rushing now that International Sanctions have been lifted, but they are doing it without their favorite banks. Many of eur
Englander to serve with him in the United States senate. And while it is not the most, sometimes you feel like youre in the graveyard shift on a friday night presiding over the senate. I must tell him after decades here, it is extremely important to have somebody of his integrity, his ability, his competence, his experience presiding over the senate should make every senator, republican and democratic, proud. Mr. President , after latenight thee theatrics house yesterday i hope well soon vote on the spending bill. I support this comprehensive spending package. Chairwoman mikulski has done an outstanding job. She has been a giant of the appropriations process. She should be congratulated for her perseverance in bringing us to this point right now. Now, mr. President , i spoke yesterday about the funds included in the bill for the state department and foreign operations. I commended members of my office who worked so hard on that. We put important funding for the environment, for aids pr