three decades. it was necessary to address high inflation. chair powell: i will begin with one overarching message. we understand the hardship high inflation is causing. we are committed to bringing it down. we are moving expeditiously to do so. we have the tools and resolve to restore price stability. on c-span s new podcast. the next episode focuses on lyndon johnson. not everyone knew they were being recorded. johnson s secretaries new because they were tasked with transcribing conversations. they made sure the conversations were taped as johnson would signal to them. you will also hear some blunt talk. i want a report on the number of people assigned to kennedy on the day he died. i can t ever go to the the econe been through a lot over the past couple years. it is essential we bring inflation down to have a strong period of labor market conditions that benefit all. from the standpoint of our mandate to promote price stability, the current picture is plain to see.
hearings, white house events, campaigns, and more. stay current with washington journal and find scheduling information, plus podcasts. available at the app store and google play. at least six presidents recorded conversations while in office. here many of those conversations on c-span s new podcast. the next episode focuses on lyndon johnson. not everyone knew they were being recorded. johnson s secretaries new because they were tasked with transcribing conversations. they made sure the conversations were taped as johnson would signal to them. you will also hear some blunt talk. i want a report chair powell: i will begin with one overarching message. we understand the hardship high inflation is causing. we are committed to bringing it down. we have the tools and resolve to restore price stability. the economy and country have been through a lot. it is essential inflation down to have a strong period of labor market conditions that benefit all. from the standpoint o
introduced the fix nix ni the fix nics act to ensure all federal agencies accurately and entirely upload the conviction records on a timely basis. yes, this is the same senator chris murphy i m working with now to try to achieve a success here. we ve done it before, and i believe we can do it again. our bill was signed into law in march of 2018, and in the first three years 11 1/2 million more records were uploaded into the three national databases that the f.b.i. checks. the number of records in one of those databases increased by more than 30% alone. so i think i can say with assurance that what we did together in 2018 has saved lives, because if it kept a gun out of the hands of somebody who was already prohibited from getting a gun under current law, we will have saved a life, maybe even the life of the shooter. 60% of the gun deaths in america are suicides. but i know we ve saved at least those lives, and i think many others as well. but as the uvalde shooting demonstr
The statement the following. I quote. The committee currently expects to implementing Balance Sheet Normalization Program earlier this year, provided that the economy evolves broadly than anticipated. In a separate press release, trish, they outline how all of this will work. Fed will begin to unwind the Balance Sheet by allowing 6 billion to roll off monthly initially, 6 billion at threemonth intervals over 12 months until it reaches 30 billion per month. Separately as relates to mortgagebacked securities, 4 billion a month initially. Will increase to 4 billion over threemonth intervals to 12 months until it reaches 20 billion per month. As far as relates to long term projackses here, the fc projects here, three rate hikes this year. They dropped their projection from march earlier this year, from 1. 9 to 1. 6 . They raised gdp slightly. Longer term relates to unemployment 2018 and 2019 they dropped it down to 4. 2 from 4. 5 . Rate hike of a quarter of a point. Neel kashkari the lone
Good morning, thank you for being here today. Im mary mccord, acting director for the division of the department of jus tuss. With me, executive assistant director paul bayne, us District Attorney for the district of california, and the national rector of affairs. Were here t announce a major law enrcent action related to one of the largest data breaches in rites history. Were the defendants include two officers of the Russian Federal Security Service, an agescy of the Russian Federation and two criminal hackers with whom they conspired to accomplish these intrusions. Demetry both f. S. C. Officers protected, directed, facilitated and paid criminal hackers to collect information through computer intrusions in the United States and elsewhere. They worked with coconspirators baritov yan and ka rim to hack into computers of American Companies providing internet and email related services. To maintain unauthorized access to those computers and to steal information, including information ab