Ceiling or tax reform in the next days and months. Plus, President Trump remarks come after the president huddle with National Security team in the final days of working vacation, speaking of vacation, the countdown is on, folks, we have weeks before congress is expected back in washington following their august recess, Senate Majority leader Mitch Mcconnell and Steven Mnuchin answering questions earlier today as Louisville Chamber of commerce but the focus of the discussion, it was supposed to be on tax reform, the big headline, mcconnells outlook on the debt ceiling. Blake berman outside with the very latest. Mcconnell somewhat optimistic, blake. Zero percent chance that they will default on the credit, the United States debt, mcconnell saying, look, this is going to happen, dont worry about it. He was sitting along Steven Mnuchin and mnuchin said he wants a clean debt ceiling. We will see if that happens politically but sort giving off the image today that this is going to happen. W
On this week. And Trumps Campaign manager here live. In this unpredictable campaign. Anything can happen in an election. Be careful with your votes and watch your votes. Are there more surprises still to come . From abc news, its this week. Here now, chief anchor George Stephanopoulos. What a wild 48 hours it has been. Perhaps the biggest october surprise yet. This one aimed right at Hillary Clinton. There she is in miami shaking off the shocking news from fbi director james comey that his investigators found emails that could be connected to clintons previously closed case. Showing the tightest race in weeks. Has her ahead by one point. 4645. An 11 point drop. The poll is a rolling four day average so it doesnt capture the email effect. Them less likely to support clinton. Most are republicans but early sign that news can energize opponents to press potential supporters. Has the race been over taken its most dramatic turn. It hit 1 00 p. M. Friday. Hillary clinton with no access to th
Financial institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United States. And that is the pushback that weve gotten. Ive met with some of the other fed governor
Provide liquidity when there is a financial panic and lenders are worried about the state of Financial Institutions and markets generally. Those powers we use during the crisis to keep credit flowing to the economy. Sure. And so we want to be very careful about what we do. The words used for that are unusual and exjentsisheses. Sur correct. In my format we take that and we say we add upon it, raise the bar marginally, i would argue, and use the language unusual and exjent circumstances exist that pose a threat to the Financial Stability of the United States. Youve come out and some of the other fed governors come out opposed to that language. Why . Thats when we would use im not sure that we have been opposed. Thats when we would use those powers when there are unusual and exjent. Its understood to mean pose a risk to the Financial System. Weve kind of added two things as a belt and suspnders. One was to include the language that pose a threat to the financial starblete to the United S
The economy. The other thing is, if you act too soon and you decide, oops, we acted too soon, you get you put yourself in a position where you have a zigzag policy and you will face criticism from that by people i know. Second, if you then want to go in the other direction, you only have a quarter point to play with. If you hit the brakes too soon, you dont have gas. With that in mind, im concerned about the effect raising Interest Rates now would have on the real estate recovery and i would ask you what you would think the impact would be of raise zing Interest Rates on the housing recovery and would we squeeze credit worthy borrowers out of the Housing Market and create a negative feedback loop with prices going down . So, you have made very large number of very good points and indicated many relevant considerations that the committee is trying to weigh and balance and has been taking into account. With respect to the Housing Market, of course the level of Mortgage Rates is relevant