Here is chair, jerome powell, during his press conference. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlike
Angeles. You are looking screen right at a live Helicopter Picture of the campus of ucla. The sight of hundreds of Police Officers massing right now, apparently in preparation to move in and clear out the propalestinian Protester Encampment that has now been in place on that Public University campus for almost a week. Last night, of course, 24 hours ago, we saw ongoing battles between those propalestinian protesters and proisraeli counterprotesters. That violence finally subsided after about three hours, and now 24 hours on those scenes, replaced by a massing of Police Officers , clearly in preparation for some sort of operation. Live on the campus of ucla is our correspondent, bill melugin. Bill set the scene for us as it looks to you right now. Well, jonathan, just off campus about a mile away, the Sheriffs Department has about 7 or 8 of their big jail busses parked. They are clearly preparing to make arrests tonight. And by all indications, from what were being told from our sources
Everybody wanted for over 50 years and we got it done. Thats donald trump once again taking credit for the end of roe v. Wade. The former president made several false claims about the issue during both of his Campaign Rallies yesterday. Well have more on that in just a moment. Also ahead well go through the chaos overnight on the campus of ucla after a group of counterprotesters attacked a propalestinian encampment. And meanwhile Secretary Of State Antony Blinken is pressing hamas to accept a Gaza Ceasefire deal. Well bring you the latest on those negotiations. Good morning and welcome to Way Too Early on this thursday, may 2nd. Im jonathan lemire. Thanks for starting your day with us. And well begin this morning with the unrest on the campus of ucla there in Southern California. Police officers are on campus at this moment and have ordered the crowd of over 1,000 people to disperse. But a large group still remains protesting the war in gaza. As of now there have not been any arrests.
Chaos on the campus of ucla. Right now, at this minute, police are making rouses while battling with propalestinian protesters. Brian Activists With Shields and umbrellas, yeah, umbrellas, and pieces of Plywood Blocking Entryways to Keep Police Officers out. Police in riot gear positioned around the encampment red to corral the crowd. Lawrence lets bring in William La Jeunesse. What are you seeing on the ground. Police are rushing in right now. What else the scene like. Its a very volatile situation. We are in the main corridor, the mall if you will. This is where the encampment is here. You can see chp is lined up here. They will be the first line going in if indeed the order is given. And then you have. [no audio] back very important in the small there is another line of lapd and they are moving right now. So, when we arrived here several hours ago, there was about 1,000 people outside. They dispersed a little bit. Now, there was just on the bullhorn some of the sympathizers to the e
Mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlikely to be a rate hike. As youve heard from the Us Federal Reserve, Interest Rates in america will remain high for some