From the Hutchins Center somewhere it was canceled he cannot be with us today but he is probably watching on his phone or weighing in on everything i did wrong. But we think the question that the backward looking question our thinking about is how did that policy work . And could be considered conventional policy but one of the questions is given everything that we know that is the right one. Nobody anticipated we would have so many years or no did we think the long one longrun equilibrium the members said they expect to be at 3 that means theres not a lot of room below zero. So when we first conceived of this event may felt this was a discussion that was important because if you Start Talking about this you froze the market so you dont talk about it in public. So we were wrong that fomc members are afraid to talk about it and the number regional on Regional Fed Bank president s including janet yellen herself but it cannot be left to the policymakers are those who make Monetary Policy
Everything i did wrong. But we think the question that the backward looking question our thinking about is how did that policy work . And could be considered conventional policy but one of the questions is given everything that we know that is the right one. Nobody anticipated we would have so many years or no did we think the long one longrun equilibrium the members said they expect to be at 3 that means theres not a lot of room below zero. So when we first conceived of this event may felt this was a discussion that was important because if you Start Talking about this you froze the market so you dont talk about it in public. So we were wrong that fomc members are afraid to talk about it and the number regional on Regional Fed Bank president s including janet yellen herself but it cannot be left to the policymakers are those who make Monetary Policy because it is too important of a decision to have a broader array of people to explain the issues are with the choices are in the pros an
Are needed. Its 2 15. Good afternoon and welcome. Im david wessell, director of the brookings. Thank you for coming and people joining us online. I bring greetings from glen hutchens, the benefactor of the hutchens center, whose chartered plane was canceled so he cant be here today. Hes probably watchology his phone and will undoubtedly be weighing in on everything i did wrong in the first opening segment. When we think that question of rethinking the 2 inflation target is one of the most important questions facing Monetary Policymakers at the moment, you might say that the backwardslooking question we need to think about, which we at hutch. Scenter are thinking about, is how did unconventional policy really work . And should unconventional policy really be considered conventional policy . But we look forward, i think one of the youd have to argue one of the biggest questions now is whether, given everything we know, whether a 2 inflation target framework is the right one for Monetary
First lady, she never wanted her husband to be president. Shes frightened, frightened for him. Meanwhile, he has to get up there and inspire confidence in his administration and the whole world. The whole world has to be has to understand that america will. That the war will continue. Q a sunday night at 8 00 eastern on cspan. More from the Brookings Institution forum on inflation. Experts, including former Federal Reserve chair ben bernanke, and former treasury secretary Larry Summers, talked about the current inflation target of 2 and whether changes are needed. Its 2 15. Good afternoon and welcome. Im david wessell, director of the brookings. Thank you for coming and people joining us online. I bring greetings from glen hutchens, the benefactor of the hutchens center, whose chartered plane was canceled so he cant be here today. Hes probably watchology his phone and will undoubtedly be weighing in on everything i did wrong in the first opening segment. When we think that question of
It is 3 00 p. M. On the east coast, noon on the west coast. This is your money. Im ali velshi, were following breaking developments on the fiscal cliff. We welcome our viewers in the United States and around the world. There has been a major snag in the negotiations toward a fiscal cliff deal with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. Tell us what the main point of contention is now. There are few according to sources in both parties. The biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymens terms and in terms that matter to many americans, it would effectively make Social Security checks lower each month. We learned this from sources earlier. The Senate Majority leader, harry reid went to the senate floor and talked about the snag. List ton what he said. The one thing i do want to mention is that were not goin