My name is stephanie aronson. Im the Vice President and director of the Economics Studies program here at brookings. Thank you for joining us for todays event, organized by our hutchens center on fiscal and Monetary Policy on how the fed will respond to the covid19 recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a shor
Challenged just like david graber was wrote David Greenberger he was a real intellectual very real not one fake cell in his brain not one fake bone in his body he thought independently he was monstrously and original he had intellectual courage the world seems much smaller today than before september 2nd david rest in peace yeah he is a intellectual giant i guess you could say of this era and wrote about death it took a point of view which i guess would some would say would be anticapitalist in a lot of ways and he explored that vigorously i remember a very long walks with him through the city of london and he would reveal his extraordinary sense of humor hes a very very funny guy as most highly intelligent people are they do are capable of it its not always what david graber would want to show because shes not. And as a public intellectual so you dont want to show that side of yourself too much but privately and walking in me and we have great fun you know playing around with words an
The dow falling as much as 600 points before turning around and briefly going positive only to end the day down. 5 the nasdaq led the losses. What a session, guy, following yesterdays big selloff. What do you make of the action, guy . Interesting mel and i text before the show she asked if this was an old tie or a new tie i pulled it out for this fridays show. What do i make of this i mentioned im looking for an open lower spend the rest of the day rallying into a long weekend. We sort of got that. The late day selloff concerned me a little bit. Theres a rotation in the financials and the fact that the vix which spiked above 38 closed lower on the day i think you have something to think about for both sides of the equation, both bulls and bears as we head into this long hollywood weekend. What i thought was interesting about the session and maybe this is a head scratcher, is that bonds are selling off throughout the session and remain lower we got the yields going up to. 72 on the teny
His body he thought independently he was monstrously and original he had intellectual courage the world seems much smaller today than before september 2nd david rest in peace yeah he is a intellectual giant i guess you could say of this era and wrote about death its a point of view which i guess would some would say would be anticapitalist in a lot of ways and he explored that vigorously i remember a very long walks with him through the city of london and he would reveal his extraordinary sense of humor hes a very very funny guy as most highly intelligent people are they do are capable of it its not always what david graber would want to show because hes known as a public intellectual so you dont want to show that side of yourself too much but privately. And walking in me and we have great fun you know playing around with words and concepts and things like that and just probing these things in a very funny ways a very funny man was well he was born he was 59 years old born in new york
2020 and things are crazy and some great minds have been exiting the world speaking of minds but also speaking of nassim taleb he wrote a great tweet eulogizing david grouper who was a friend of mine a friend of ours a friend of the show hes been on the show many times hes the author he was the author of debt the 1st 5000 years and i think nassim taleb who is an intellectual himself and a great author and you know thinker who explores ideas and is willing to be challenged just like david graber was wrote David Greenberger he was a real intellectual very real not one fake cell in his brain not one fake bone in his body he thought independently he was monstrously original he had intellectual courage the world seems much smaller today than before september 2nd david rest in peace yeah he is a intellectual giant i guess you could say of this era and wrote about death its a point of view which i guess. Would some would say would be anticapitalist in a lot of ways in explored that vigorously