Course as tensions in the middle east are very high also new chapter for u. S. Cosmetics giant avon its not part of the brazilian personal care group nutura the groups new ceo will join us later this hour. Stocks are extending a selloff, oil and gold prices continue to climb. This is iran and the white house, trade threats following of course the u. S. Air strike that killed irans top commander. Jim, happy new year. Happy new year. Nice to see you, my friend. Good to see you, buddy, way too long i missed you. I know you feel the same but i havent heard you opine on this market and what risk there is in the geopolitics, in the backandforth, our viewers im sure are familiar with the president s tweets over the last lets call it 24 to 48 hours, sort of saying weve identified 52 sites that we would take action against if in fact you do something, and also notifying the congress, he said, as well, if iran should strike any u. S. Person or target wed quickly and fully strike back, perhaps in
Companies and more. Including spark light. At spark light it is our home too and we are facing our greast challenge and that is why we are working around the clock to keep you connected. We are doing our part so you can do yours. Sparklight supports cspan along with these other Television Providers giving you a front roe seat to democracy. Irs commissioner testifies on Child Tax Credit and the use of Artificial Intelligence in auditing tax returns. The topic of the earned income tax credit fraud was also discussed. [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. Before we began i now, i know the committee will come ft order. Before we begin, i know i speak for everyone here when i wish our Ranking Member a happy birthday, yesterday. We are supposed to have some cake later so we need to celebrate. But, a late happy birthday and we appreciate serving with you. Thank you commissioner for appearing before the ways and Means Co
You know as plughole for national independence. We are soon to be responsibilities of leadership. And before men two and a very challenging time at the best of our nation. That used to be louder and celebrated four times what ever made us of commission or mission that minor book aired during that period to confer ease in the life of our nation let us only accept and acknowledge these immense contribution towards the building of one nation. To me personally he meant is the father mentor old comrade in arms in my early days. We didnt say thank you to you and did trust that our you student would grant you may use proper place and of course be of use deserve to stay just as a wonder of the Founding Fathers leaders of our nation. Let me also to go tonight is in a very very special way in. The presence you know meatiest of soon our staff men of our region and a continent. Late plays an excellent promo president can have a different go now of zombie i saw the. Man who was the only living memb
This got under way a bit ago. The center of National Interest. Cyber weapons and critical thatan infrastructure could be detonated in the future at some point. Pressures on capitol hill to step up with the u. S. Military Information Operations against russia. Retaliate for their propaganda activities in the United States. Are all things that are likely to coming down the road fairly soon. Likelyulative impact is to condition how russia responds the sanctions. Russians cant do a whole lot in that wouldntrea also hurt their own economic interest. Thingst them to do a few in the economic area in retaliation. Some things acy acy symmetrically. The initial passage that took of more than Ministry Statement and interview that putin gave on national television, both of those alluded to some things that russia could do asymmetrically the unitedse pain on states. I will just run through a list righte of those things now that i think are likely to materialize in the next several days. The economi
Another rate increase may be appropriate fairly soon. Several factors suggest that the pace of rate increases should be gradual. Including the assem tri of risks at the zero lower bound, Downside Risks from weak Global Demand and gee political events. A lower long run mutual funds rate and the apparently elevated sensitivity of conditions tomile. Uncertainly about the location of supply side constraints provides another reason for gradualism. There are potential concerns with this gradual approach, however. Its possible that Monetary Policy could push reoutly sayings too high and inflation could move to temporarily above target. In an era of anchor expectations undershooting uh employment should result in only a small and temporary increase in the inflation rate. But running the economy above its potential growth rate for a extended period could involve extended risks even if inflation does not mean meaningfully above target. A long period of low Interest Rates could lead to aggressive