Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
The australian treasurer says the Budget Surplus is now by no means certain. In the absence of u. S. Markets being online on account of the u. S. Holiday of Martin Luther king day, lets see how things are shaping up in asia. It looks like asian stocks are set up for an even open after the cosby closed at nearly record highs. 0. 3 right now. It looks like jitters in the oil market last week, we saw the signing of the u. S. China trees deal bolstering markets. Trade deal bolstering markets. Well see how markets are impacted by the sarslike virus that originated out of china but now sees cases in japan and south korea. The fund is predicting the World Economy will strengthen and 2020 but at a slower pace. On the economic calendar, we will be looking ahead to taiwans fourthquarter gdp data. Expecting taiwans economy to have grown. Japans of the bank of monetary policy, they are all expected to stay pat, after the fiscal stimulus. Officials may be looking for a slight uptick in terms of tho
Phan, house leaders peterson and fernandez fernandez, Senate Leaders gray and bradley, chief justice, members of the legislature and judiciary, my fellow arizonans, thank you so much for the warm welcome. Its great to be back. applause allow me to start with a question. Show of hands. Who here today in this chamber was born somewhere other than the state of arizona . As you can see, theres a lot of us. Ill always be a kid from toledo, and we have folks here from all over the country and all over the world. Its uniquely arizona. We choose to move here, live here, make this home, and were not alone. As we stand here today, more than 70 of our adult citizens were born somewhere else. So were some of our greatest state icons. Leaders like secretary of the air force, barbara barrett. Trail blazers like raul castro. Legends like jerry colangelo. Quiet saints like bill bidwell. Giants like sandra day oconnor. And heroes like john mccain and pat tillman. And the new comers keep coming. Last ye
Jerome powell was on capitol hill to update lawmakers on the economy and Monetary Policy. He spoke about the Economic Impact of the coronavirus, Cyber Threats in the Banking Sector and his influence in the Global Economy among other topics. This services hearing is three hours. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds interMonetary Policy. A recent news story noted that trump has tweeted over 100 times about your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics. Fedsolding the independence, you should also be mindful of public perception. Of course, trump continues to claim credit for Economic Growth that was put in motion by the policies of p
Matt no cheating. The Trump Administration removes its designation of china as a currency manipulator ahead of tomorrows expected signing of a phase one trade deal. Proceed with caution. Markshares howard tells bloomberg exclusively, investors should beware of the bull market. The market has been up for 11 years. We are in the longest bull market and expansion in history. Profits are not rising though stock markets are. It does not mean the market will go down tomorrow but it does mean that the odds are in my opinion in the investors favor. Matt fit and focused. Can the former maintain its dominance when it comes to fixed income currencies and commodities . We are just an hour were away from the start of cash equity trading. Let us take a look at future us. Daxave green arrows here on futures and ftse futures and cap futures. We are looking at gains of about. 2 per 0. 25 green arrows in the u. S. Futures picture although they are not quite a strong with the exception in general, they a