Committee. The meeting will be called to order. The chairman is on his way. He has asked me to gavel in and begin my Opening Statement and then hopefully he will be here. We are very, very honored to have chairman powell. We thank him so much for testifying today. I look forward to hearing your perspective on the current state of the economy, and the potential challenges ahead. Id also like to thank you for your thoughtfulness as you help steer the economy through what in some ways are extremely challenging times. As you have said in your testimony, by some measures, our economy is strong. The National Unemployment rate fell from 10 at its peak during the Great Recession to only 4. 7 when President Trump took office. And it has continued to fall. It now stands at only 3. 6 . The economy has continued to add jobs now for 10 9 consecutive months. More than nine years. Years. Inflation remains low. Below the feds target. Wages are moving up though not as fast as we would like. But it is w
Far too fast an increase and far too slow a decrease. But we all make mistakes, dont we good wednesday morning, welcome to squawk alley. Im carpal kwinquint nilla with Morgan Brennan fed chair powell is expected to testify in just a few moments. Well bring you his testimony in full once it begins. Ahead of that weve got every angle covered. Steve liesman, rick santelli, bob pisani, tom porcoli. Fed chair powell is telling joint congress that rates are on hold unless there is a big change to the outlook. The operative sentence, we see the current stance of Monetary Policy as likely to remain appropriate as long as incoming information about the economy remains broadly consistent with our policies of moderate economic growth. What would it take to change course developments that would cause a material reassessment of our outlook, which is say the bar is kind of high bmo writing the chair stayed true to the patience script, confirming that rates are likely in an extended Holding Pattern p
Future. Hit them where it hurts is the book for any democrat has ever bang their head against a wall when obviously reasoning failed to sway voters over to their. This guide is aeline to save american democracy in its darkest hour. Rachel bitter cofer is a political scientist and election turned political video offers interviews, analyzes have been featured in the New York Times. The post salon, among others. But a cofer was recognized for novel theory that predicted the size of the blue wave back in 2018 midterm elections much earlier th forecasters. Tonight, rachel will be in conversation. Adam parker mingo, an american political strategist, consultant in who served as National Field director for the Democratic National committee in 2016 under donna brazile. So please join me in welcoming to politics and prose rachel bitter, cofer and parker mingo. ll kick it off. Im adam parker, manco and. Thank you guys for being here on a coldriday. I got a ten month old in the back who cant be si
So now, without further ado, tonight, im very excited. Welcome, rachel beta for celebrating the release of hit and where it hurts to save democracy by beating republicans at their own game. As america into the election cycle that will its democratic future. Hit them where it hurts is the book for any democrat has ever bang their head against a wall when obviously reasoning failed to sway voters over to their. This guide is a lifeline to save american democracy in its darkest hour. Rachel bitter cofer is a political scientist and election turned political strategist. Video offers interviews, analyzes have been featured in the New York Times. The post others. But a cofer was recognized for novel theory that predicted the size of the blue wave back in 2018 midterm elections much earlier than other forecasters. Tonight, rachel will be in conversation. Adam parker mingo, an american political strategi . Tst, consultt in who served as National Field director for the Democratic National commi
Tonight, im very excited. Welcome, rachel beta for celebrating the release of hit and where itng republicans at their own game. As america into the election cycle that will its democratic future. Hit them where it hurts is the book for any democrat has ever bang their head against a wall when obviously reasoning failed to sway voters over to their. This guide is a lifeline to save american democracy in its darkest hour. Rachel bitter cofer is a political scientist and election turned politicaltrategist. Video offers interviews, analyzes have been featured in the New York Times. The post salon, among others. But a cofer was recognized for novel theory that predicted the size of the blue wave back in 2018 midterm elections m foreca. Tonight, rachel will be in conversation. Adam parker mingo, an american political strategist, consultant in who served as National Field director for the Democratic National committee in 2016 under donna brazile. So please join me in welcoming to politics and