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
Economy is slowly bouncing back straight ahead we take an indepth look at the moves of the nations central bank and its a future of volatility in the wake of copan 1000 remains uncertain gold has seen a spike in value as investors flee to state 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 Unemployment Rate this year fed chairman powell spoke about the outlook following the meeting. The recovery has progressed more quickly than generally expected and forecasts from informs the participants for Economic Growth this year have been revised up since our june su
Between the union and the school board and the School District, it feels like from those those other entities, and i want to say that the purpose of this meeting was to figure out how the city can best support families and the School District and educators. Because i agree with the comments of Susan Sullivan that the caste that the educators have in front of them is so monumental. And it is difficult to roll out distance teaching and learning, which is what you are doing, and also at the same time to simultaneously provide for the needs of families to do what needs to be done in households to make that education work and meaningful. So what i see the role of the city is and i want to take my at off to maria sue and her staff and the mayor who stepped up and are trying to play a useful role in in the in one area of where families need help. And it is the area that is most complicated because how to provide safe child care so that theres an adult, you know, helping the teachers to teach
In this election. So, the answer is yes and regarding demographics and when people register to vote, dem demographic information is optional. But when it comes to knowing where the high turnout parts of the city are, we know that each election because we provide by default, extra support for those locations every year, every election cycle. And so, we still expect people to go to polling places and we still expect them to want to capacity a ballot, but i think covid is going to also reduce the number of people that go to polling places. And i think the ballot lanking g in peoples mailboxes are reducing the people in polling places. But having i voted sicker on the insert will reduce the number of people going to polling places. Thats one of the largest statements is that they want their i voted sticker. Thats why they go and drop off ballots. Now they can get the sticker and mail it back to us. I know a lot of voters, my family included, tend to drop off or ballot on election day and t
As far as been again europes largest refugee camp on the greek island of less bonds. And demanding higher pay protesting Police Officers in argentina say theyre forced to rely on themselves for protective equipment during this pandemic. Now the u. S. West coast is experiencing an unprecedented wildfire season 5 fires in some states have retreated from uncontrolled fires prompting the evacuation of thousands 6 people have now died in the last 24 hours oregons governor is warning this could be the states deadliest season on record where 5 small towns in Central Oregon have already been destroyed more than 80000 people in the city of medford have been told to leave their homes. Over the last 24 hours or again has experienced unprecedented fire with significant damage and devastating consequences across the entire state. I want to be upfront in saying that we expect to see a great deal of loss both in structures and in human lives this could be the greatest loss of human lives and property