Identify other key issues the governing council will aim to address in the next few months there is however, one issue on which i can decide today all members of the governing council will agree with me we must complain much bet tort general public what we are doing and why we are doing it and we must talk to people that we do not normally reach this has to case cade through our review, inflation name, inflation measure, tools and effectiveness and how they take into account new challenges that people actually care about housing cost, Climate Change and inequality im fully committed to that. Monitory policy can only be credible if we are sure our goals are true and shared by the people we serve. As an independent central bank, we are and we will remain accountable to them. Thank you very much for your attention. A warm welcome to street signs. If you are just joining us, im Julianna Tatelbaum lets kick off with what we just heard from madam lagarde she was delivering a speech at the ec
A Trial Program for its Digital Currency were going to discuss all that and more coming up all right its time to boost your news i q. 1000 continues to take the world by storm with cases now topping well over 2000000 the latest number of cases now 2 and a half 1000000 with about 175000 reported deaths here in this country in the United States 814000 total cases with about 43000 deaths more than one 4th of that total number of confirmed cases in the u. S. Come from new york state alone now new york continues to be the epicenter of this outbreak with some 242000. 00 converge cases and now the governor and. Requote cuomo is meeting with President Trump to discuss the States Coronavirus response with more on that anticipated meeting and how the federal government could help out new york heres arties Trinity Chavez with more. As the states across the country begin to reopen Governor Andrew Cuomo says in order for new york to get back to business a drastic increase of testing is needed but w
Markets trying to figure out the fallout from the u. S. Strike meansilled the general for their portfolios. And what it means for the price of brent. Is at theere bryant moment. Gold at the highest in six years. Data. Also getting some Euro Area Services pmi coming into 52. 8 just a touch better than expected. We are at the eurasia summit talking 2020 risk. We will talk to the italian Prime Minister. In the International Rescue committee chief executive David Miliband. Those are coming up on bloomberg surveillance. Lets get to the first word news in new york city. We begin with Australian Authorities counting the cross of newowns on the south south wales in neighboring victoria. Blazes are the generated drive thunderstorms, thousands have been evacuated to Recreation Grounds, converted into makeshift camps. A new top man from china and hong kong, a communist party of thel who is now part anticorruption campaign. After nearly seven months of political unrest. Shows beijings intention to
The speaker pro tempore on this vote the devil rayr yeas are 228 on this vote the yeas are 228. The nays are 198. The resolution is adopted. Without objection, the motion to reconsider is laid upon the table. Pursuant to clause 8 of rule 20, the Unfinished Business is the question on agreeing to the speakers approval of the journal which the chair will put de novo. The question is on agreeing to the speakers approval of the journal. So many as are in favor say aye. Those opposed, no. In the opinion of the chair, the ayes have it. The journal stands approved. Pursuant to House Resolution 695, House Resolution 661, and the House Resolution 693 are considered as adopted. For what purpose does the gentlewoman from massachusetts seek recognition . Mr. Speaker, i ask unanimous consent that i may hearafter be considered as the first cosponsor of h. R. 1915, a bill originally introduced by representative cummings of maryland for the purpose of of adding cosponsors and requesting reprintings pu
The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and the fed. This president has made it clear that he has no understanding or respect for the independence of the Federal Reserve. He has said the fed, quote, doesnt have a clue, quote, unquote, called it the most difficult problem for the u. S. According to media reports, he discussed firing chairman powell because of policy he doesnt agree with. Lets be clear, it is essential that the Federal Reserve maintain its independence from the executive branch. So i urge chairman powell and other Federal Res