Every other participant on the fomc at least once per cycle. I think this arrangement i reserve banks around the country and seven governors guarantees that we will have a diverse view of perspectives around the table. The reserve Bank President s are chosen by their boards of directors who are largely privatesector people but with the approval of the board. I think this system guarantees a diversity of opinions. There is that risk of groupthink. If everyone went to the same schools, took the same professors we dont have that. We have people coming in every eight weeks with a different views, and i would not have it any other way. I spent a lot of years in the investment business. What you really want before you make an investment is to have the smartest person in the room try to explain why this is a bad idea. Not after you make the investment, but before. I place huge value on that. I have terrific colleagues on the fomc and i really do welcome all of that. It is a lot of consulting,
David we are going to go to our colleague guy johnson, the nchor of Bloomberg Markets the european close. Guy the fed is talking about easing, the ecb talking about using. The market is pricing in easing to the expectation for the bank of england. That is really what the bank is noting when it talks about the tension between its brexit assumption, which is for a smooth exit from the eu, and the market is pricing in a much bumpier view of how that brexit story is going to develop. We have the unfolding of the conservative Party Leadership contest. Boris johnson expected to become the next Prime Minister, talking about a hard brexit. Thats what the market is pricing. They are having to recognize the difference in where they are and where the market is right now. The bank has been talking about rate hikes being necessary. The market sees it a completely different way at the moment, and it is putting the bank of england in the context of the Global Economy at the moment, and the context of
Press briefing in weeks. And there is a lot of news to cover. The fema administrator is going to join Karine Jeanpierre at the podium with an update on the governments response to the devastating wildfires in maui. Gillian also reporters first shot really to press the white house since Attorney General Merrick Garland appointed a Special Counsel to investigate the president s son. Well take you to the briefing as soon as it begins. First the Campaign Trail in iowa. Way up in the polls and all over the country, thats a lot, over 50 points. I think im the most likely to beat biden and get this stuff done and the ability to serve two terms and will not be a Lame Duck President on day one. Leaders dont just give you the list of grievances that are the problem. They actually lead. Its going great. I think ive been here more than any other candidate and part of the reason is i actually enjoy it. John a little taste of republicans on the Campaign Trail five months now until the caucus is in i
News for the conservatives came in the form of an official recession , with gdp falling 0. 3 recession, with gdp falling 0. 3 in the final few months of last yeah in the final few months of last year. Britain endured two successive quarters of economic contraction. Rishi insists that contraction. Rishi insists that his plan is working, but how much responsibility does he bear for the grim Economic News . Ukrainian forces are on the back foot as they retreat from the eastern town of avdiivka, where Russian Forces threatened to surround them if, as some analysts predict , other european analysts predict, other European Countries will find themselves in a similar shooting match with russia in the next decade , how russia in the next decade, how would they fare . Max jeffrey has just returned from estonia , just returned from estonia, where he observed nato forces taking part in military training exercises. He will join me to discuss what he saw and found , discuss what he saw and found, a
News for the conservatives came in the form of an official recession , with gdp falling 0. 3 recession, with gdp falling 0. 3 in the final few months of last yeah in the final few months of last year. Britain endured two successive quarters of economic contraction. Rishi insists that contraction. Rishi insists that his plan is working, but how much responsibility does he bear for the grim Economic News . Ukrainian forces are on the back foot as they retreat from the eastern town of avdiivka, where Russian Forces threatened to surround them if, as some analysts predict , other european analysts predict, other European Countries will find themselves in a similar shooting match with russia in the next decade , how russia in the next decade, how would they fare . Max jeffrey has just returned from estonia , just returned from estonia, where he observed nato forces taking part in military training exercises. He will join me to discuss what he saw and found , discuss what he saw and found, a