The economy faces new threats. Jay powell is going to be facing the Senate Banking committee for his confirmation at 10 00 wall street time on tuesday to be the next chair. I want to bring into half for some reaction. That wes speculation might hear something different. Kathleen this is a 2. 5page statement. The testimony is tomorrow at 10 00 wall street time or 5 00 here in new york. You can see the Senate Banking committee decided to put this out on the table. Lets just run through. As part of our fed team, i received these under embargo. Ive had a chance to look at this. Powell is expecting Interest Rates to rise somewhat further and the size of the Balance Sheet to gradually shrink. Is this a surprise . No. We know this is the path the fed is on. Theres nothing in here about inflation and the fact that it has fallen short of the feds target. The fed must retain flexibility to adjust policy in response to the economy. Subtle, nuanced way for jay powell to make it clear, as fed chair
To the american people. By nominating judge neil gorsuch of the United States Supreme Court to be of the United States Supreme Court. Reporter first prime time address to the nation, President Trump announced what many consider one of the most important decisions hell make the qualifications of judge gorsuch are beyond dispute. Reporter judge neil gorsuch sits on the colorado harvard law graduate. Standing here in a house of history and i cutely where of my own imperfections. Reporter one of the cases that caught the national eye when he sided that employers should not be rider to provide conception under obama a judge who likes every outcome he reaches is very like a bad judge. Stretching for results he previous rather than those the law demands. Reporter the president is hoping for a smooth confirmation i hope both drawings and republicans can come together for once for the good of the country. Reporter Senate Democratic leader Chuck Schumer of new york said that hes not going to sup
Good evening, im jessica dean im Ukee Washington. Our david spunt was the only local reporter inside the white house. He joins us from the nations capitol. Reporter i was in the east room when President Trump made that announcement. Gorsuch from Denver Colorado on pace to be the next Supreme Court justice. He needs to be through a confirmation process and democrats are saying it will be a process. Im keeping another promise to the american people. By nominating judge neil gorsuch of the United States Supreme Court to be of the United States Supreme Court. Reporter first prime time address to the nation, President Trump announced what many consider one of the most important decisions hell make the qualifications of judge gorsuch are beyond dispute. Reporter judge neil gorsuch sits on the colorado harvard law graduate. Standing here in a house of history and i cutely where of my own imperfections. Reporter one of the cases that caught the national eye when he sided that employers should
President of the audi of america comment scott keogh recently wrote that recklessly introducing the future with the most critical component of the equation, uh the consumer negative inning false expectations with the driverless cars. Taken not has said it better myself. As it is quite straightforward will give some examples if you read the headlines juicy carnegiemellon uc the up proclamations executives are making in the automotive business they are used to hype and when it comes to do everyday matters marketing hype is okay but such as this said think it is disingenuous because the words are so flippantly thrown around such as autonomous or autopilot or so strivings of the consumer thinks i go home and i hit a button i can go anywhere in america at any time under any condition and we know that is not the case berger if you go to some of the pilot test out of pittsburgh the headline says the Autonomous Cars are roaming pittsburgh beat paragraph says there is 45 interruptions this new
Sunshine across sunshine and cape and islands and starting to get sprinkles in southwestern New Hampshire, and this is going to be for the main batch of rain tracks early on this morning. So going to watch this, this is leading edge of very muggy air taking over today, so although just a little bit sticky no you, by the end of the day it is going to be oppressive and completely different season. Going to feel like full summer again, but metrowest by we got temperatures here in the low to mid80s, but notice that by latemorning we got the chance for a storm or shower, and it does continue into the afternoon. It is not going to be storming most of the time, best bet inland andy e scattered at the coastline, slight risk at shower at 83 . , cape also slight risk today, so time the showers out with future cast coming up. Julie grauert with live drive time traffic and check on south, the accident has cleared but average speeds 8 Miles Per Hour and stretching all the way back up into stoneham.