Taylor rule, how would would that impede your response to such a crisis . The taylor rule would tell us that it should depend on only two variables the current level of real gdp or the out put gap and the current level of inflation. It obviously wouldnt take into account in any way our judgments about growth in the Global Economy how we expected the european economy would be affected or Global Financial markets by these such developments. So in that sense it really restricts any simple rule restricts the setting of Monetary Policy to a very short list of variables and typically there are current values. Thats one of the reasons. We spent spend a great deal of time and the forecast that we include in our Monetary Policy report that the participants right down, we present to the public every three months. Incorporate all of the kinds of information, what what we think is going to happen in the Global Economy, and those are economic developments. Those factor into our Economic Forecast an
Continued the calls for the destruction of israel. These are the people we just allowed, are all lowg in the process to more weapons and to become nuclear weaponscapable. Just last week iran called, as it has for decades for the destruction of israel. And the death to america. In fact, as irans Supreme Leader stood by calling for the need to fight the u. S. , even if there is an agreement. I dont know that weve ever entered into an agreement with another country before that while we enter into the agreement they say and by the way, no matter whether there is agreement or not we want to continue to see the u. S. As an enemy that we need to fight. This deal undermines the security of our friends and allies it legitimatizes irans unapologetic sponsorship of terrorism throughout the middle east. Interesting what could be included, by the way mr. President , what couldnt be included. Iran has repeatedly refused to abide by International Agreements that require inspection of Nuclear Faciliti
[cheers and applause] i am a new yorker and i know a con when i see one. He has got a way of saying the same two words every time he makes his biggest hugest promises. Believe me, it is going to be great, believe me. We are going to build a wall and make mexico pay for it, believe me. We are going to destroy isis so fast, believe me. There is nothing suspicious in my tax returns, believe me. He is not offering any Real Solutions to those issues. Just offering slogans and he is offering fear. He is betting that if he scares enough people, he might score just enough votes to win this election. And that is another path that donald trump will lose. Donald trump tweeting out country does not feel great already. To millions of wonderful People Living in poverty, violence and despair, president obama spoke about a world that doesnt exist, 70 of people think our country is going in the wrong direction. So many struggles out there. This rosy picture democrats are painting, does it exist and wil
For a market holiday. The hang seng up by a third of a percentage point. The shanghai up bay hay a half percent. The kospi up. In europe, in early trading. Green arrows there. Much bigger adavans than here. This is playing catch up and then some. The dax up 1. 9 . The cac up by 1. 8 . The ftse up 1 . Crude oil having its best day in two weeks yesterday. It was up nearly 3 at 45. 34. This morning up 1 to 45. 79. Big question around whether opec can pull anything off with this meeting they have next week or whether this is nor jawboning. Well continue to watch this. Lets get you through some big top stories. Weekly jobless claims come out at 8 30 eastern time. Filings are expected to hold steady at 260,000. Then at 10 00 a. M. , august existing home sales which are forecast to have risen more than 1 . Yahoo reportedly expected to confirm a massive data breach exposing millions of User Accounts. Re code saying the breach was widespread and serious. The data allegedly includes user names,
Thank you. I want to not something before we start that also meeting today starting at 2 oclock and cohen and i each have a items and if land use if this Committee Hearing is still going when those items supervisor cohens item gets called we will take a brief recess and resume when theyre done i dont think either item will take long. Madam clerk call number one its a resolution of the president to permit the issuance the qualified Revenue Bonds for the presidio avenue. Okay. And supervisor breed is the author of this item and understand that ann ray merry from the office of Housing Community development. Good afternoon, supervisors im ann im from the Mayors Office of housing and Community Development this is for the city to submit an application to the Debt Committee to issue up to 15 million in Revenue Bonds in support of the john burton housing complex that will be 50 new units for singlefamily homes the Booker T Washington is using the Housing Authority and the new participating at