Weak. In the two statements two fed precedents dissented, kansas city president Esther George and boston president rosengren dissented that is the third time they both dissented. Jim bullard did not dissent on decision. He thinks this is where the fed needs to be with the 25 basis point cut. He believes this is enough. He wanted since last meeting, he want ad 50 basis point cut. This time he got the level he believes. Fed lowered rate on excess reserves to accompany rate cut is 1. 55 . The big news, the Federal Reserve cutting the federal funds rate quarter of a point but signaling a pause for future rate cuts, changing act as apappropriate to assess going forward. Charles edward, thank you. Here to discuss key words and phrases from powell to be impact on this market, former dallas fed advisor Danielle Dimartino booth, paul schatz and former Jpmorgan Chase chief economist anthony chen. We have Katherine Rooney vera. I have to start with you, danielle. The dow is up four points. We wer
About the fed in recent, whether helping to stave off total economic collapse during the 28 financial meltdown or countering the shocks of the covid 19 pandemic or most struggling to lower. As gina makes clear in her new book, these crises along with the actions of some pivotal central bankers like, the current fed chairman, jay powell, have fundamentally changed the feds purpose and function in american society. The fed has taken its Emergency Powers to new, gina writes, stretching its mission as lender of last resort and purchasing backed debt in massive sums. Its gone from insisting that social issues are not in its domain to flying pride, flags and shaping conversations about racial, gender and, geographic inequity with research and expert advice. Fed officials often talk about staying in their lane, but lane, gina observes, has into an avenue. Gina is very well positioned to tell the story of the feds extended and its and its vast influence. Shes been covering the fed and economic
Us this evening journalist gina. Here to talk about her very timely and informative new book limitless. The Federal Reserve takes on a new age of crisis. Now weve all been hearing a lot about the fed in recent, whether helping to stave off total economic collapse during the 28 financial meltdown or countering the shocks of the covid 19 pandemic or most struggling to lower. As gina makes clear in her new book, these crises along with the actions of some pivotal central bankers like, the current fed chairman, jay powell, have fundamentally changed the feds purpose and function in american society. The fed has taken its Emergency Powers to new, gina writes, stretching its mission as lender of last resort and purchasing backed debt in massive sums. Its gone from insisting that social issues are not in its domain to flying pride, flags and shaping conversations about racial, gender and, geographic inequity with research and expert advice. Fed officials often talk about staying in their lane
top of the hour. i m jim sciutto. crucial midterm elections less than a week away and president biden sounding at alarm, warning that democracy itself is on the ballot next week highlighting the threat from election deniers. today biden made two notable appearances. campaigning in new mexico and california. other big names on the trail, vice president kamala harris and former president donald trump. he s stumping across several states in the final days of the race hitting iowa, ohio and florida. however, it is pennsylvania that is gaining a lot of attention from several surrogates. a hotly contested race there could determine the balance of power in the senate, a once healthy lead for john fetterman lead has now narrowed with polling showing just a slight edge over mehmet oz. our reporters and correspondents are at the white house and on the trail ahead of the midterms. let let s begin at the white house with m.j. lee. this is a closing message ahead of the mid terps. it was
Learn more about landmark cases online at cspan. Org landmark cases. Bookan order cspans featuring background, highlights and the legal impact of each case. Landmark cases is available for eight dollars 95 plus shipping. As 2015 wraps up, cspan presents Congress Year in review , the newsmaking issues, debates. The resignation of john boehner, and the election of paul ryan. The debate over the nuclear deal with iran and reaction from congress on mass shootings. Coming up next. A look at race and efforts to improve the criminal justice st. Louish a former Police Officer. And Police Officers from washington dc and new jersey share thoughts on policing and creating trust within communities they serve. A former st. Louis Police Officer who left the force in 1999 to address what he considered problems in the criminal Justice System. He spoke about the topic to students at the university of delaware. The semester there have been a number of incidents that suggest a real need to have an open d