So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
95 points higher. You know liz mentioned this down the stretch of her show, russell 2000, the small cap stocks, dow transports they both closed at records today as well. That is kind of day. A lot of green and really big day for stocks. Im Connell Mcshane. We welcome you to after the bell. Those are the numbers at the close. Time now for the news thats happening at this hour. We have fox Business Team coverage with Jackie Deangelis in the new york newsroom, blake burman reporting from washington, also get to Hillary Vaughn in wilmington, delaware, president elect biden just wrapped up there remarks on the economy but blake, lets start with you. That is the big news today. That Moderna Vaccine. Tell us about it. Reporter they expect, connell, moderna does to apply for the eua, emergency use authorization in the next couple weeks. Maybe distribute the covid19 vaccine by the end of the year. When you look at numbers on the Clinical Trials it is about as good as they hoped for. Here they a
Comptroller of the currency, the Senate Banking Committee Received a 6month update on the state of Banking Systems, the impact of covid19 and support for Small Business owners in communities of color. This runs an hour and 45 minutes. Today we welcome to this virtually hearing the federal prudential regulators, Federal Reserve vice chairman Randal Quaries, office of the comptroller, brian brooks, chairman of yellen and mcwilliams, chairman of the National Credit administration rodney hood. We will receive testimony from each agency on efforts, activities, objectives and plans since we last testified before the committee. As well as an update on covid19 related actions. Since the passage of the coronavirus a relief and Economic Security act or cares act your agencies have taken many meaningful steps to ameliorate the Economic Impact of the pandemic as you provide conditions that will lead to a forceful recovery. On october 30th the Federal Reserve announced changes to its facility inclu
20 nations says there were cheers on the streets of peru as a former World Bank Official has chosen to become the 3rd president you know, week in the middle of a serious political crisis. Im joining with sports as chief thomas says, athletes of the take a game should get vaccinated against it. 19 point before we will begin this hour as we have a lot recently the situation in northern ethiopia, where now the 2 great rebels have refused to give him the government. 3 days ago, Prime Minister ahmed issued an ultimatum. He said, stand down or you will face more attacks. And on tuesday he delivered on that the air force says it carried out strikes near the regions main city of mecca. Lay the primary based as for the 2 great Peoples Liberation front, the life which governs in that region. It says his force is an opera pairing a final attack, and he says the conflict will end only when the life is brought to justice and its leaders have been replaced. Youve got the u. N. And foreign leaders ca
A terror attack. At least 20 dead and tens of thousands of homes destroyed as the philippines is hit by super typhoon goni. Plus how robots are coming to the rescue to help keep a pop Art Exhibition in london under the proof. Welcome to the program campaigning in the u. S. Election is coming to a close with just hours to go before the 1st polling booths open already a record 98000000 americans have cast their ballots more than 2 thirds of the total number who voted in 2016 now these are live pictures where President Donald Trump is looking to pull off an upset in michigan and once again hes looking to do it by winding up his campaign in grand rapids that was also the last stop in his 2016 campaign hes held 5 rallies across 4 states in a last minute push for. Pulled in battleground areas while his rival joe biden concentrated his efforts on a high in pennsylvania his companion is focused on increasing turnout by black voters who could prove the difference in several battleground states