Well i dont know maybe they dont mean. I will go down a great. Part. Around one. Route. This is the one business show you cant afford to miss from bridgeboro in washington coming up the Federal Reserve has spoken and now its a plan to hold rates steady as the u. S. Economy is slowly bell. Think back straight ahead we think an indepth look at the moves of the nations central bank has the future of volatility in the wake of copan 1000 remains uncertain gold has seen a spike in value as investors flee to safe haven assets but what does the future hold but well get into that with a packed show today so lets dive right in. The Federal Reserve held another policy meeting wednesday as part of an effort to determine where to go with u. S. Interest rates and what it will take to get the economy moving again overall there was some positive news as members of the Federal Reserve board upgraded their forecast for the economy to show a smaller contraction in Gross Domestic Product and a lower Unemp
And resolve disputes with others to dialogue and negotiation meanwhile President Donald Trump continued to blame china over allegedly mishandling the coronavirus and what he says could have been stopped from spreading. We will distribute a vaccine we will defeat the virus we will end the pandemic and we will enter a new era of unprecedented prosperity cooperation and peace as we pursue this Bright Future we must hold accountable the nation which unleashed this plague onto the world china. For more on whats going on in this tit for tat between the worlds 2 largest economies they want to bring in don west coast christie i am author of understanding socialism and host of economic update professor Richard Wolfe professor as relations between the u. S. And china that theyre continuing to deteriorate is a cold tech war really an unavoidable want at this point and if so how is this going to end. Well i think its out of the way the ball i think what youre seeing is mostly posturing by mr drum
Agency Mortgage Backed securities and least at the current pace but where will employment Interest Rates and the economy go from here well joining us now to discuss that are both of us cohost and investigative journalist ben swan and former fed insider and c. E. O. Of Quill Intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didnt want to downplay growth in the economy but he also didnt want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. It really is you know weve got 2 parallel economies right now weve got nearly 30 minute 1000000 americans collecting Unemployment Benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed theyre moving out t
Trump continued to blame china over allegedly mishandling the coronavirus in what he says could have been stopped from spreading we will distribute a vaccine we will defeat the virus we will end the pandemic and we will enter a new era of unprecedented prosperity cooperation and peace as we pursue this Bright Future we must hold accountable the nation which unleashed this plague onto the world china. For more on whats going on in this tit for tat between the worlds 2 largest economies we want to bring in bill must cohost christiane i and author of understanding socialism and host of economic update professor Richard Wolffe professor as relations between the u. S. And china theyre continuing to deteriorate is a cold tech war really an unavoidable at this point and if so how is this going to end. Well i think its avoidable i think what youre seeing is mostly posturing by mr drum for domestic electoral votes. Theyre seeing china seems to be is our 8 year old what will gain games from cong
Economy is slowly bouncing back straight ahead we take an indepth look at the moves of the nations central bank and its a future of volatility in the wake of copan 1000 remains uncertain gold has seen a spike in value as investors flee to state haven assets but what does the future hold but well get into that with a packed show today so lets dive right in. The Federal Reserve held another policy meeting wednesday as part of an effort to determine where to go with u. S. Interest rates and what it will take to get the economy moving again overall there was some positive news as members of the Federal Reserve board upgraded their forecast for the economy to show a smaller contraction in Gross Domestic Product and a lower Unemployment Rate this year fed chairman powell spoke about the outlook following the meeting. The recovery has progressed more quickly than generally expected and forecasts from informs the participants for Economic Growth this year have been revised up since our june su