Buying longer on that curve . If so, that will keep rates lower. The path we are leading down is not a good one. What the fed is trying to do is what every central bank is trying to do, which is engineer growth. Tyler george bory is with us now. Talk to me about what you have been noticing, your take on the big reflationary trade yesterday but then a little bit of a comedown in yields again today. George thank you for having me on, always great to be on the show. Powelll question is, is seismic shift, or more of the same . The reality is there are some significant factors here. The biggest is the acknowledgment that there has been a Material Change in the economy. Unemployment can go lower than policy makers expect without causing inflation. They have issue is, also kind of acknowledged there is a limitation of Monetary Policy. Those two factors we view as material. Shift,terms of a policy what they are likely to do going forward, it feels like it is very much same game. The way we are
Very early on if you look at all of the countries to date, the mortality is higher at the beginning because youre diagnosing the sickest. The ones that came in quite ill. I want to remind the American Public that the risk for serious illness and the majority of americans are low. Cantat does not mean you transmit it to a higher risk group. That is why we are asking for all americans to take responsibility. You are seeing mortality or deaths today from infections that occurred 23 weeks ago. The other thing you are seeing is the dramatic and very difficult impact of this virus in nursing homes. On the why very early president and Vice President had just come out and put the strict rules in place. Everybody thought we were being too strict in keeping loved ones away from family. If we are going to solve this with a lower death rate, we have to protect the elderly. If there percent is much higher groups. The other age reporter there is a report that the federal government has a plan that s
Mountains and upstate. 3 3 3 3 3 new this morning. Part of patton avenue is closed in asheville due to a rock slide. Asheville police tell us the eastbound lanes are closed from regent park boulevard to i240. The department of transportation expects the road to reopen by five oclock this morning. 3 3 3 we have continuing coverageof the damage from yesterdays flooding in asheville. Once the waters receded, mud was left at businesses along old charlotte highway in east asheville. Asheville paint and powdercoat was one of the hardest hit. In some spots, flood water lines are six feet dumpster floated over a fence. 3 thomas finger, asheville paint powdercoat weve got like two inches in our warehouse, but everything was in pallets, so all the material is okay. Were just kind of vacuuming the water out of the floor. The last time asheville paint and powdercoat flooded was 23 years ago. That flood did not cause this much damage. 3 3 the flooding also left quite a mess in biltmore village. Onc
3 good morning. 3 its wednesday, december 30th. Im holly headrick. And im jay siltzer good morning. 3 here is a look at Current Conditions across the region. Your day planner shows temperatures warming by noon. Coming up, ill show you our 7 day forecast for both the mountains and upstate. 3 ten years ago 3 today, a woman was stabbed to death in hendersonville. And the accused murderer has never been captured. News 13s Lauren Brigman is live from the Hendersonville Police department. Lauren, where did this happen . At the victims hendersonville apartment. On first avenue west. 3 tamela kay gordon was fatally stabbed in the neck. She was 34 years old. Hendersonville Police Believe her boyfriend at the time. hymee uhrohchay jaime aroche, from guatemala. Committed the crime. He was a Migrant Worker who had only been in the mountains a few months. Police believe he used an alias to buy a bus ticket to naples, florida a month later. Back in 2009, police told us they thought he may still be i