That in making long term plans households and businesses can reasonably expect 2 Percent Inflation over time pauls comments come just 2 weeks before the next fed policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent Interest Rate so important a Federal Reserve chairman so essentially the fed was created with 2 mandates they have to go a man is which is one to maximize employment and the 2nd one is to stabilize prices for consumers for businesses so that as i 6 said that these guys they can expect what what they need to spend in the coming year so by setting an inflation goal of 2 percent is actually the normalized rate of the United States since 1905 and so since they formalize that rate in 2017 that has been the goal of the fed ever since and now weve also you know like i said hes not looking at more fed cuts here but we did do 3 over the last 6 months or so have they worked for. Economy they have worked on an artifi
Syrias efforts days ahead of peace talks. And frances president tries to focus on the business of government despite more allegations about his personal life. And stifle decent angering kiev as the government moves to crack down on protests. Barack obama has been outlining changes to u. S. Surveillance programs that were criticized both in the u. S. And overseas. The methods of the National Security agency wasser posed by Edward Snowden who used to work for the nsa. Obama said the government will be changing the way it handles what is called metadata, information about who is calling whom from where and at what time. A court ruling will now be necessary. An independent panel will be set up which looks into terrorism cases, and the u. S. President promising that his country would no longer be eavesdropping on the heads of states of Close Friends and allies. [ applause ] reporter this was a speech about restoring trust in the u. S. Governments ability to monitor the rest of us. President
One for the history books. That does it for us live from you and i as citizens have the power to set this countrys course. And now a message of moving forward. President obama gets to work today on his second term agenda. Harry taliban hunter. The prince home from afghanistan. He has war stories to tell. And Winter Weather alert. A big chill and a big snowstorm forming. It could mess up travel in a huge way this morning. Good morning. Welcome to early start. Im christine romans. Im john berman, barely. Hes back. It is 5 00 a. M. In the east. Were in the beginning of the second term, jason wus second term. Over the pan of 18 minutes, president obama made his vision of his second term crystal clear, making mentions of past civil rights struggles on that Martin Luther king day, seneca falls, selma, stonewall and laying out his vision for the future, advancing gay rights, tolerance toward Illegal Immigrants, social welfare programs and stopping Climate Change. Dan loathian was there watchi