Is authorized to declare recess of the committee at any time come in all members will have five legislative days within which to his extraneous materials for inclusion in the record. The hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governorboard of govere Federal Reserve system. On the conduct of Monetary Policy and the state of the economy i now recognize myself for three minutes to give an opening statement. After eight years in the largest Monetary Policy stimulus in the history and the most unconventional Monetary Policy in our history, americans recently received disappointing Economic News yet again. It is official, the economy grew at a measly 1. 6 in 201 2,016thn our historic norm is twice that. That takes eight years of subpar growth in eight years of stagnant paychecks and eight years of him replenish savings. Notwithstandinnotwithstanding tn that the fed to come and notwithstanding the personnel. After eight years, there is a
Is authorized to declare recess of the committee at any time come in all members will have five legislative days within which to his extraneous materials for inclusion in the record. The hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governorboard of govere Federal Reserve system. On the conduct of Monetary Policy and the state of the economy i now recognize myself for three minutes to give an opening statement. After eight years in the largest Monetary Policy stimulus in the history and the most unconventional Monetary Policy in our history, americans recently received disappointing Economic News yet again. It is official, the economy grew at a measly 1. 6 in 201 2,016thn our historic norm is twice that. That takes eight years of subpar growth in eight years of stagnant paychecks and eight years of him replenish savings. Notwithstandinnotwithstanding tn that the fed to come and notwithstanding the personnel. After eight years, there is a
Lea President Trumps comments getting too strong. In china the shanghai composite up fractionally. Lauren investors focused on Bank Earnings. Jpmorgan chase, wells fargo, citigroup among others. Lea orders for the galaxy and have been strong. The exploding phone fiasco in the Rearview Mirror. Lauren Boston Celtics beat the Milwaukee Bucks are in the top seed in the nba playoffs in the hockey playoffs the new york rangers in their first playoff game. Train 25 01 a. M. In new york. Thursday, april 13th. Welcome to fbn am, your first look at morning markets and breaking news. Lauren almost friday. Raking us this morning. President trump offering better trade terms for north korea. In an interview, and this is what the president said. Thats worth having deficit and thats worth having not as good a trade deal as i would normally be able to make. In the same interview, the president said he will not label china a currency manipulator, but he said the u. S. Dollar is getting too strong. On th
Republicans, 2027480008001. Send us a tweet, or go to facebook. Com cspan. You can also send an email. We will get your thoughts in a minute, but we want to show you what the majority leader Mitch Mcconnell, had to say yesterday when he went to the cameras after meeting with his conference behind closed doors and talked about this strategy. As all of you know, i put on the calendar last night what we called the collins bill, which would, if enacted prevent the president s executive actions from last november from going into effect. Procedurally the vote on that will occur friday. It will be cloture on the motion to proceed with that bill. In the meantime, i have indicated to the democratic leader that i would be happy to have his cooperation to advance a consideration of a clean dhhs bill, which would carry us through until september 30. Host lauren fox is joining us on the phone. Where did this all come from . How did this come about. Guest Mitch Mcconnell has been in a bind the last
240,000 per month during the first half of last year to 2880,000 per month during the second half and employment rose 260,000 in january. In addition, longterm unemployment has declined substantially. Fewer workers are reporting that they can find only parttime work when they would prefer fulltime employment and the pace of quits, often regarded as a barbarometer has recovered to its prerecession level. The Labor Force Participation rate is lower than most estimates of its trend and wage growth remains sluggish, suggesting that some weakness persists. In short, considerable progress has been achieved in the recovery of the labor market but room for further improvement remains. At the same time that the labor market situation has improved, domestic spending and production have been increasing at a solid rate. Real Gross Domestic Product estimated to have increased at 3. 75 at the annual rate. G. D. P. Growth is not anticipated to be sustained at that pace, it is expected to be Strong En