That the feds tools dont appear to be capable of reaching this the people who are out of work which is why hes asking congress to help out with passing fresh fiscal stimulus legislation. Sensually todays meeting wasnt full of surprises if anything it only demonstrated that the fed is not planning to take its foot off the monetary gas pedal is that a correct assessment. I think it is i think what we heard more than anything else today was more of the same right is not going to change the fed essentially thinks its policies are working overall but at the same time what danielle just said is so absolutely true and its really imperative to this discussion which is that ultimately what the fed is doing does not trickle down necessarily the main street its not helping people who are unemployed right now its not helping businesses businesses and Small Business owners who are struggling mostly it helps wall street mostly it helps banks thats essentially what of the Federal Reserve is doing and
The speaker pro tempore the clerk will report the title. The clerk h. R. 8 37 a bill making continuing appropriations purposes. Nd for other. The speaker pro tempore pursuant to the rule, the gentleman from indiana, mr. Visclosky, and the gentleman from michigan, mr. Mole nar, will each control 20 minutes molnar, will each control 20 minutes. The chair now recognizes the gentleman from indiana. Mr. Visclosky i ask unanimous consent that all members have five legislative days in which to revise and extend their remarks and include extraneous material on h. R. 8337, currently under consideration. The speaker pro tempore without objection, so ordered. Mr. Visclosky madam speaker, i yield myself such time as i may consume. Obviously we are here to consider a continuing resolution to allow the federal government , h. R. Tinue its operations 8337. At the outset of my remarks, do i want to thank the staff of the Appropriations Committee for all of their diligent work in some very difficult ne
Well i dont know maybe they dont mean. I will go down a great. Part. Around one. Route. This is the one business show you cant afford to miss from bridgeboro in washington coming up the Federal Reserve has spoken and now its a plan to hold rates steady as the u. S. Economy is slowly bell. Think back straight ahead we think an indepth look at the moves of the nations central bank has the future of volatility in the wake of copan 1000 remains uncertain gold has seen a spike in value as investors flee to safe haven assets but what does the future hold but well get into that with a packed show today so lets dive right in. The Federal Reserve held another policy meeting wednesday as part of an effort to determine where to go with u. S. Interest rates and what it will take to get the economy moving again overall there was some positive news as members of the Federal Reserve board upgraded their forecast for the economy to show a smaller contraction in Gross Domestic Product and a lower Unemp
Remotely. This precaution is taken pursuant to the various local and state orders and committee directives. Public comment will be available on each item on this agenda. Both channel 26 and sfgtv. Org are streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments or opportunities to speak during the Public Comment are available via phone by call 4156550001. The meeting i. D. Is 1464087451. Press pound and pound again. When connected, you will hear the meeting discussions but muted and in listening mode only. When your item comes up, press star, three to be added to the speaker list. When prompted to speak, speak slowly and clearly and turn down your television or speakers. Or you may submit comments by email to me, erica. Major sf. Gov. I have interpreters ready to assist in chinese and spanish. Interpreter i am the interpreter for todays meeting. I will now make the announcement in cantonese. [speaking cantonese language] interpreter and im the
Agency Mortgage Backed securities and least at the current pace but where will employment Interest Rates and the economy go from here well joining us now to discuss that are both of us cohost and investigative journalist ben swan and former fed insider and c. E. O. Of Quill Intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didnt want to downplay growth in the economy but he also didnt want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. It really is you know weve got 2 parallel economies right now weve got nearly 30 minute 1000000 americans collecting Unemployment Benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed theyre moving out t