This is a boom bust the one business show you cant afford to miss their montecito in washington coming up the Federal Reserve has that its working on the next pair of mental Digital Currency and now theyre partnering with a Big University to test it we have a boom bust panel coming up and michigan built its plan for the future of the auto sector but how long before we actually see the plant come to fruition you have a car folks standing by several lots to get to so lets get started. With the news of Central Banks around the world creating their own Digital Currency as well many have wondered if and when the u. S. Might follow suit well now we have a better idea as the u. S. Federal reserve has now partnered with mit to develop a hypothetical Digital Currency over a 2 to 3 year period in other words this is a digital equivalent to cash Federal Reserve board governor brain ard said given the dollars Important Role it is essential that the Federal Reserve remain on the frontier. Research
A digital equivalence to cash Federal Reserve board governor lowell brain ard said given the dollars Important Role it is essential that the Federal Reserve remain on the frontier of research and policy development regarding c. B. C. s but many are questioning its safety and whether or not it will actually bypass Central Banks well for more on this were joined by ben so on and Christiane I Ben lets start with you because this is something that weve talked about multiple times on this show that the fed will soon attempt to create its own Digital Currency now i think its fair to say this move doesnt catch you as a surprise break down what this could look like would we have a digital wallet separate from your regular Bank Accounts well essentially thats probably what would happen i guess thats what theyre trying to get in my teeth to take a look at whats fascinating about this is the feds terminology ive been saying for well over a year the fed was going to do this its. Point very soon in
President and confronting more threats, crises than any president since abraham lincoln, it is stunning to see what has actually been the result. I understand the president is on the phone now and i want to go him straight away. Mr. President , were delighted to have you with us on the broadcast. And we hope that you can stay with us a while to go through all of these issues. But my first question would be, at what point, at what point do you expect or do you expect the Democrat Party to align itself with the National Interest and welfare of american citizens . Well, maybe the point of Great Success we were at that point where he had a tremendous nobody covered it better than you lou and we have a tremendous economy. We had the best employment numbers best stock market numbers although theyre catching up were very close and best numbers youve ever seen and anybody has ever seen. Probably the best numbers ever for an economy. Beating china badly, beating everybody badly, and they were c
Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panel of Witnesses Today is the economic and security subcommittee. He focuses on the very important topic that i think has a lot of bipartisan interest in. And that is the economic and geostrategic challenge that the rise of china poses for the United States. Much as today, but in the future. China, communist party, Peoples Republic Party of china. Unfair trade practices, intellectual property theft and market manipulation and very prominently in my view, m nonreciprocal treatment. Not just an economic room but in many realms. It has been a force in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds Fastest Growing economies. Averaging close to 10 percent growth from 1979 to 2016. In 2014, china was the Worlds Largest economy and nursing power bases according to the international monetary. I believe there is a strong bipartisan
The National Interest, and be shoulder to shoulder with the president and confronting more threats, crises than any president since abraham lincoln, it is stunning to see what has actually been the result. I understand the president is on the phone now and i want to go him straight away. Mr. President , were delighted to have you with us on the broadcast. And we hope that you can stay with us a while to go through all of these issues. But my first question would be, at what point, at what point do you expect or do you expect the Democrat Party to align itself with the National Interest and welfare of american citizens . Well, maybe the point of Great Success we were at that point where he had a tremendous nobody covered it better than you lou and we have a tremendous economy. We had the best employment numbers best stock market numbers although theyre catching up were very close and best numbers youve ever seen and anybody has ever seen. Probably the best numbers ever for an economy. B