Good afternoon. Good afternoon and welcome to the American Enterprise institute. I am a resident scholar and Financial Service organizer of todays event. This afternoon im pleased to host matthew to discuss his new biography one of the most influential politicians of his time in an architect of key legislation that shaped the American Financial system. Carter glass was born in 1858 in lynchburg virginia and grew up in the reconstruction south. The philosophy on the role of government was shaped by it the views of Thomas Jefferson a fellow virgin and born just 70 miles north of the virgin upon. From 1903 until the early 1940s, carter glass played a key role in every important financial legislative debate. His colleagues in the house and later in the senate, both the democrat and therefore can recognized glass is to go to expert when it cam comes to bang issues. Carter glass was a politician meaning he was an expert when it came to reading the political tea leaves and crafting compromise
This afternoon im pleased to host matthew to discuss his new biography one of the most influential politicians of his time in an architect of key legislation that shaped the American Financial system. Carter glass was born in 1858 in lynchburg virginia and grew up in the reconstruction south. The philosophy on the role of government was shaped by it the views of Thomas Jefferson a fellow virgin and born just 70 miles north of the virgin upon. From 1903 until the early 1940s, carter glass played a key role in every important financial legislative debate. His colleagues in the house and later in the senate, both the democrat and therefore can recognized glass is to go to expert when it cam comes to bang issues. Carter glass was a politician meaning he was an expert when it came to reading the political tea leaves and crafting compromises that could be passed into law. Never an ideologue is willing to empower the federal government is in his judgment, circumstances warranted. While not a
[ applause ] thank you so much, john. I appreciate that. Thank you for all being here for this important discussion today. I wish this subject did not need to be discussed at all. Discrimination against anyone on the basis of their faith or ethnicity is always wrong. That we have to repeat that briefing today is troubling. It is even more troubling that too many young people perpetrate that kind of discrimination. This a ministration is committed to stopping it. We stand firmly against the alarming rise of antisemitism, and we acknowledge this reality. Jerusalem is israels world capital. [ applause ] when President Trump moved the u. S. Embassy to jerusalem, it was a historic tap step toward peace in the region. And peace in the middle east begins by recognizing israels right to exist. Israel is a light to the region. But we all know it is surrounded by jihadists who embrace evil and who deny israels existence, and violently work to wipe it off the map. I think of my visits to the holy
Basis points. The front end of the curve is moving quite substantially. We will talk about that in a few moments. A couple of thoughts on the move poster earnings. Snacks are because making a comeback, offsetting weakness and cereals. Western digital up 6 . Ceo digitals guy european stocks going nowhere. We are seeing a bit of a drag. The pound is down and the bank of england will not factor in a no deal brexit. They are going to wait for the government to do that. The german tenyear, yields continue to fall. The amount of negative yielding debt just continues to pileup, and up, and up. England is bank of keeping rates on hold, saying it is less confident than usual. The Federal Reserve yesterday also making its rate cuts. We want to get to Jerome Schneider, our guest the talk about all of the central banking moves. Jerome, thank you for joining. Lets get to the Federal Reserve rate cut first. Were you surprised by the Market Reaction . Jerome the market was surprised by future rate cu
I appreciate that. Thank you for all being here for this important discussion today. I wish this subject did not need to be discussed at all. Discrimination against anyone on the basis of their faith or ethnicity is always wrong. That we have to repeat that briefing today is troubling. It is even more troubling that too many young people perpetrate that kind of discrimination. This a ministration is committed to stopping it. We stand firmly against the alarming rise of antisemitism, and we acknowledge this reality. Jerusalem is israels world capital. [ applause ] when President Trump moved the u. S. Embassy to jerusalem, it was a historic tap step toward peace in the region. And peace in the middle east begins by recognizing israels right to exist. Israel is a light to the region. But we all know it is surrounded by jihadists who embrace evil and who deny israels existence, and violently work to wipe it off the map. I think of my visits to the holy land. A indelible experiences that ha