To help provide relief in the u. S. Epicenter. And in sport theres a new date for the tokyo some of the big games to my 202021. In just the last hour the World Health Organization has expressed optimism that italy which has been hit hard by the corona Virus Outbreak may soon see some stabilization as a result of the strict measures the government has put in place were expecting an update from actually within the hour on the situation there meanwhile for the 3rd consecutive day spain has recorded coronavirus deaths in excess of 800 means that more than 7300 people have died there since the outbreak began the number of new infections there is also rising steadily in israel Prime Minister Benjamin Netanyahu is entering sell for. Isolation after one of his aids tested positive hes expected to be screened in the coming months while in the u. S. At the sent to new york relief has arrived as i mentioned in the form of a Naval Hospital ship that has 1000. 00 beds on board and we have 2 corresp
Outlook for the economy is strengthened since december. Greater confidence that inflation will rise. Additional headlines, mike and morgan, about nbs, the agree to which they were a success says the new normal for a Balance Sheet to be around 2. 5 to 3 trillion and the emphasis by powell on the strength of the economy, the tail winds, the fact that perhaps the low inflation is transitory that was a take away too in response to representative maloney, she asked if were on pace for three rate hikes . He said well see over the next couple weeks what is submitted in terms of projections. But since the last round, you see continuing strength in labor market stronger economy, signs that inflation could be moving closer to target. More stimulative physical policy thats really when you saw markets begin to move lower. Lets bring in our senior economics reporter Steve Liesman who can help us understand what this may mean for the march meeting as we watch the odds closely today, steve. Good poin
Finance. Viableude this is not a option. Activities,diminution worked wo find a solution and find a balance between taxpayer an annual access to credit. Four years ago, a bipartisan. Roup passed this committee we have an opportunity to build on that effort and create a broader coalition of republicans and democrats to pass a bill. Nto law it remains one of my Top Priorities and i look forward to continuing with secretary mnuchin and other stakeholders throughout the process. Washer focus of this report Cyber Security. Area due toty is an the increasing criminals and growing scope and scale of icious malicious fax attacks, including data breaches. The maliciousness in the probably can private sector keeps growing at an alarming rate and seems to have impacted the majority of all americans pare the council made recommendations to specifically address security risks, including greater collaboration collaboration. It is critical that personal data is affected by both the government and ind
Committee will come together without onbjection. This hearing is for the purpose of receiving the semiannual testimony of the chair of board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I recognize myself for 3 1 2 minutes to give an Opening Statement. Not with standing the greatest monetary and fiscal stimulus, the economy limp aid long for eight years averaging 1. 6 gdp growth. Wages remain stagnant and failing since the 2008 financial crisis. New phrase by leftleaning academics in an attempt to rationalize the phenomena namely secular stag nation. Far more descriptive phrase is high taxes and heavyhanded regulatory policy. Fortunately with the election of donald trump and passage of tax cuts and jobs act that has all changed. Employment is now at a 17year low. Wage growth is the fastest in companies all over america are anow ns bonuses to employees and skpap expansions in their communities. Economic growth is averaging 3 . There is grea
In any meaningful way and they are only affect their in an equally aggressive in force. Because u. S. Officials suffers from a trust deficit whether this is observed or not in the fact is that positions listed clear within the deal you can easily be read as prohibiting each and every one of them. To make their positions public not only undermines utility, and makes people question whether the administrations intention is to act on positions moving forward are Critical Issues under the iran deal appeared a few weeks ago the Financial Action task force issued its Public Statement identified in iran with strategic deficiencies which poses risk to the International Financial system. Iran presents ongoing and substantial moneylaundering that the committee must apply what they call countermeasures to protect themselves in the large International Financial system from irans illicit financial conduct. Under the iran deal much of the world with the troops and business relationships. The journal