Welcome everybody. ,oday our select subcommittee some members will appear in person and others may appear remotely. Since some members are appearing in person, let me remind , all individuals attending this hearing in person must wear a mask or face covered. Ing. Over members who do not wear a Face Covering will not be recognized to speak. Let me make a few reminders about hearings. For those members appearing in able to seewill be members appearing remotely on the monitors in front of you. On one, you will see all the members appearing remotely at as gradehat is known view mode grid view mode. On the other monitor you will see each person speaking during the hearing when they are speaking, including members who are appearing remotely. For those members appearing remotely, you can see each person speaking during the hearing whether they are in person or remote if you have your web app set to active speaker mode. If you have any questions about this, contact a member of staff immediatel
And low inflation. The topic is regularly salient since last week, following an 18month review of his Monetary Policy strategy, the fed released a revised revision of its goals and Monetary Policy strategy. We are honored to have governor Lael Brainard to hear her thoughts on the topic. After we hear from governor brainard, there will be time for questioning and answers from the audience, then we will convene a panel to discuss the new said framework with ben bernanke, janet yellen, and roberto poley of cornerstone , and Julia Coronado of the university of texas. If you would like to post a question to lael on the panel, you can do so by emailed brookings. Edu. Governor brainard has had a long career of Public Service and in academia. She took office as a member of the feds board of governors in june, 2014. Before that, she served as undersecretary of the u. S. Department of treasury from 20102013, and transferred to secretary of the treasury in 2009. I had the opportunity to have work
Am max kaiser this is the kaiser report yeah everybodys gaslighting everybody corporations are gaslighting here Central Banks are gaslighting you hear understand what gaslighting is you know that its not pleasant its rude its downright rude. Yeah you know how everybody gets triggered at the slightest slight at the slightest bad word on twitter people get triggered and you must be platform to kick it out of your job like this this notion of hiding bad things like the the Business Cycle goes up and then it goes down we dont like down anymore so weve tried to banish it and make it disappear the same thing with much of our all the chemicals and efficiency you know all the corn we produce based on efficiency and by removing all the protein from it theres all these costs that add up in the end but we just pretend not to look at it we just look at the Positive Side right dont be such a negative downer look at all the corn we have because of our efficiency gains were so efficient where the bes
Fed kicking off its meeting today. For more on what investors are watching, sarah hunt is here from alpine woods capital. What could the fed due tomorrow that would most upset the markets . Give i think they did not a lot of detail about how they were going to make sure when it was time for them to change their inflation standpoint, when was too much over. If they narrow the window and say we are looking for a tiny bit of on the inflation side. I think they are expecting inflation to run hotter if they get there for a longer time. And if they do something to narrow that window, that would make people more nervous. Newsbut in terms of the flow, have we already had it . Central banks have been dominant this year. It seems to me as if politics is beginning to take over as the key narrative, in london with brexit, and weve got all kinds of trouble in the mediterranean, we have got tension with china, and of course we have the u. S. Election coming up. So does this narrative now takeover fr
I cannot underscore enough the originality of what was being accomplished yesterday, francine. I was sitting there with michael mckee, and his press conference question was superb. They are all dealing with what to do with inflation at no aggregate demand. It is a fascinating time. Francine we will have plenty more on that, but now lets get to first word news in new york city with ritika gupta. Ritika President Trump has slapped down some of his top health officials. He contradicted them at a news conference, saying that a Coronavirus Vaccine could be distribute it widely to the public by as early as next month. Cdc director Robert Redfield told congress that the vaccine would be distributed in the second and Third Quarter of next year. The president called those comments a mistake. At least one person was killed and hundreds were rescued after Hurricane Sally came ashore near the floridaalabama line. Heavy rain swamped pensacola, florida, and other cities in the region. Sally is now a