A concern and we have less scope than i would like to see or would expect us to have in the longer run. I think we go play in addressing should they come. I mentioned specifically automatic that is an important way in which fiscal policy serves to send shocks to the economy. It would seem to me without getting into specifics that there are ways in which responses to policy to shifts in the economy could be which would help take some burden off Monetary Policy. New york times. In the runup to the brexit vote earlier this year, policymakers cited it as a reason they were reluctant to raise rates in june. In the runup to the president ial election, ive not heard anyone give that as a reason in november. Could you explain why the fed asen regards brexit as great danger to the economy than the president ial election happening here . Second, explain with the cause of disagreement was and what was policymakers thought . Yellen were focused on even evaluating what is the right policy and i wil
Wagging. Wagging. Kit juckes will join us in a moment. Jonathan looking at the msci world index global stocks, and august 2015 hi. 600 aope, the stoxx january 2016 high up one quarter of 1 . The story in the fx market is a little bit of dollar softness. We come in 2 10 of 1 . The cable rate pushes up to one point at 133. A fifth straight day of gains. The discussion for this program in the next 10 minutes, are the bears in the u. K. Starting to capitulate . In the bond market, the bulls are not capitulating. Crude gets back to work with a little bit of rally and russia joins the output. In the bond market, the story of last week, the long end of the jgb curve, the worst week for 30 year japanese Government Bonds, yields coming in three basis points from the session. The focus is whether the boj and governor kuroda allow the yield curve to steepen and hopefully assist the banks to make a little bit of money. David they have been waiting for that in japan and it has been tough. Lets chec
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
Company bought shares. Ecb president Jeanclaude Juncker will unveiled plans to sayw and is expected the best way to handle the crisis is for all 20 countries to take and refugees. Germany has called on the rest of europe to do its share. Written should fulfill it britain should fulfill its moral responsibility. In doing so, we must use our head and our heart by pursuing a copperhead to the roach by pursuing a comprehensive approach. David cameron said the crisis is about more than just taking in refugees. Congress returns to work today after a summer vacation. Among the issues lawmakers will do with the Iran Nuclear Deal, spending caps, and federal funding for planned parenthood. President obama attended a union rally in boston yesterday after signing an executive order on sick. The order means 300,000 workers and companies such as Lockheed Martin and boeing will get paid sick leave. It is a major retrenchment eglin court. This was minor and training core ceo puts it on hold. Assets an