By the Brookings Institution center on fiscal and Monetary Policy, an hour and 45 minutes. So, in thinking about this event and in what we wanted to accomplish here, what we set out to do was to have Larry Summers make the case why we should think about this, have a number of very experienced monetary economists who have views about what we should do, think about what we should do. In this panel, the question was, could we get some people to some very different points of view, to talk about, what difference does this really make . Is this worth the energy we spend on it and to whom does it matter . So we have a deliberately diverse panel. John taylor from stanford, wellknown for his taylor rule, thinking about Monetary Policy for a long time. Christian forbes from mit, until recently on the Monetary Policy committee of the bank of england, correct me if i am wrong, you never had a chance to raise rates, is that right . Right. You tried. Peter hooper chief economist of Deutsche Bank sec
By the Brookings Institution center on fiscal and Monetary Policy, an hour and 45 minutes. So, in thinking about this event and in what we wanted to accomplish here, what we set out to do was to have Larry Summers make the case why we should think about this, have a number of very experienced monetary economists who have views about what we should do, think about what we should do. In this panel, the question was, could we get some people to some very different points of view, to talk about, what difference does this really make . Is this worth the energy we spend on it and to whom does it matter . So we have a deliberately diverse panel. John taylor from stanford, wellknown for his taylor rule, thinking about Monetary Policy for a long time. Christian forbes from mit, until recently on the Monetary Policy committee of the bank of england, correct me if i am wrong, you never had a chance to raise rates, is that right . Right. You tried. Peter hooper chief economist of Deutsche Bank sec
The dollar, and President Trump. The ecb. Lisa the ecb is facing an economy that is recovering and not just recovering, but is definitely gaining steam in the eurozone. The question is, will they announced some kind of ending of their Bond Purchase Program and will they try to talk down that euro . The euro has been strengthening against the dollar. David it is not just the economy gathering steam, it is the euro. Lisa the fear is that it will eat into the corporate profits. David it also suppressed inflation that mario draghi said he wanted so badly. Steve mnuchin says he has been perfectly consistent, there is no problem with the u. S. Dollar even though it has taken a hit. You can see what the dollar has been doing over the last few days, not good. Lisa and took a leg lower after Steven Mnuchin broke ranks with previous treasury secretaries who always commented about not wanting a weakened dollar. He broke with that protocol and saying it would be positive for the dollar to weaken f
Things right in the winter. Trading, 30ities minutes from the friday session in end. Stocks higher today after dropping for a third consecutive month, the worst stretch since february of last year with the index on track for a weekly gain after falling last week. Likex market is looking this with sterling rising against the dollar and these other currencies falling with bond yields gaining and commodities the final u. K. I data out of orders andxport domestic demand with Companies Reporting the strongest intake of new order since they were bolstered by the weak sterling, the currency depreciation. Also it is contributing to Purchase Price gains, accelerate for the first time in seven months but at a slower pace since the start of the year. Overall growth slowing in the first half of the year as Consumer Spending some boe policymakers calling for a rate increase to keep a lid on above target inflation. That is the data highlight in the u. K. Sterling in august, worst month against the d
Date on the latest news events. And d. W. Makes that part of traveling easy just because its available and thousands of Hotels Resorts cruise ships worldwide. Or have you found a domain signing send us a picture that shows d. W. In your room you can enter great price go to d w dot com travel quite as. Easy does it the European Central bank makes markets happy announcing a long anticipated scale back of its huge economic stimulus program. And colonias political crisis weighs on business and tourism we visit some of the culpa. Hes caught in the crosshairs of the independence struggle. And ive been physical and lets do business the e. C. B. Has announced a gradual withdrawal from post crisis stimulus it scaling back its Bond Purchase Program from sixty billion euros a month to thirty billion euros from the start of next year Interest Rates will stay where they are at their historic lows europe is slowly on the mend with the likes of portugal spain and greece all growing economically but m