Roll back begins with the fed. Chair janet yellen on the hill. Rate hikes, Balance Sheet, strength of economy. Speaking of yellen who might be the next fed chair . Carey co00s name getting another boost. And apple bringing down targets for iphone sales. Will it be a delayed launch for the 8. Futures up modestly after sell off sparked by donald trump jr. s release of email exchange. Yellen will testify before the house. She says gradual rate hikes will be needed to sustain economic expansion. Regarding Balance Sheet see says the committee anticipates reducing quantity to a level below recent levels. What got peoples attention is the idea that rates may not have to get as high as they were in prior cycles. I think what that is saying to people is we are going to take them up but you are not going to get inverted yield curve. There have been a lot of recession talk of late which i dont get. There is no recession on the rise from the companies. This does take that off the table. What it do
The committee will come to order. The chair is authorized to declare a recess of the committee at any time. Members will have five legislative days to submit extraneous materials for the record. This is the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy on the estate on the state of the economy. Recognize myself for an opening statement. Since we last convened on Monetary Policy, there have been encouraging economic headlines. Onfidence is up unemployment remains low, as does inflation. But it rests too much on incredibly low participation payment high disability participation rights. Both paychecks and savings for working Americans Still have room to grow after eight years of distortionary Economic Policy under the Previous Administration. On the fiscal front, help is on the way. House republicans have passed the American Health care act to lifted the burden of obamacare on our economy and the finan
Her term ands in february. Inwhen her term ends february. The committee will come to order. The chair is authorized to declare a recess of the committee at any time. Members will have five legislative days to submit extraneous materials for the record. This is the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy on the estate on the state of the economy. Recognize myself for an opening statement. Since we last convened on Monetary Policy, there have been encouraging economic headlines. Onfidence is up unemployment remains low, as does inflation. But it rests too much on incredibly low participation payment high disability participation rights. Both paychecks and savings for working Americans Still have room to grow after eight years of distortionary Economic Policy under the Previous Administration. On the fiscal front, help is on the way. House republicans have passed the American Health care act to l
Economic condition and possible fed actions in the future. You look like nervous. Im much more nervous, like yeah. Yeah. At work it will be eight or nine days away, but it can happen any time. I hope so. Im better than that. Lets talk about schedules. The committee will come to order without objection and they declare a recess of the committee at any time. All members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. The hearing is for the purpose of receiving the semiannual testimony and the board of governors on the Federal Reserve system on Monetary Policy and the state of the economy. I now recognize myself for three minutes to give an opening statement. Since we last convened to take chair yellens on Monetary Policy, headline remains low as does inflation, but the headline Unemployment Rate still rests too much on an incredibly low Labor Participation rate and regrettably high disability payment Participation Rate.
Matters. If those three things factor in, are there those. Here on the phone lines 2025853881 for republicans, 2025853880 for democrats agend r independents, 2025853882. If you want to make your thoughts known by computer on do so as well. Roof us on twitter. Send an email to a journal at cspan. Org with the upcoming e leningsz, more stories about what people think and political people think about the future of the senate. I did highlighted in the New York Times this morning. Take a look at kansas. It says the probability forecast models fluctuate from week to week. They are based upon different methodologies. The Huffington Post forecast gave republicans a 54 chance of winning control of the senate. The New York Times model says 66 . The warrant post election lab prediction was 95 . The Election Consortium gave democrats a 49 of maintaining control. This highlights the current rates between pat roberts and greg orr saying here in kansas, the independent greg orman has certain the lead