About flag day and then we realized that in fact there were three flags being stored here and one in the collection of the museum of the American Revolution, two that are the property of an anonymous, very generous owner and lender, who has consented to have them on display for this afternoon. So this is an extraordinary opportunity. Im not sure there is anywhere else on the planet why you can stand in the room and be in the presence of three banners of liberty from the American Revolution. So congratulations to all of you for not going to the beach this weekend or not mowing the grass in the hot weather and choosing to come and sit in the dark with me for about an hour. I would like to start actually with an exercise to get you to think about the role that flags play and the images you have in your minds eye about the American Revolution. And so actually im going to close your eyes for a minute. Because were going to think about how poets and painters have painted the vision we have o
Putin said moscow opposes any unilateral change to the agreement. President trump has refused to recertify the deal. France, germany and the year be in union have also urged President Trump to adhere to the agreement. U. S. Navy leaders are recommending a sweeping list of changes in sailor training, requirements and safety procedures. The ap learned a report scheduled to be released tomorrow seeks to address systemic problems across the Pacific Fleet that led to two deadly collisions earlier this year leaving 17 sailors dead. News 24 hours a day powered morning i am Mark Crumpton. This is bloomberg. Live from bloombergs World Headquarters in new york. Were 30 minutes from the close of trading. U. S. Stocks mixed as the fed keeps on track for the debt rate hike and we await news for the next fed chair. Can add tax reform to the list of tax agenda items facing a delay on capitol hill. House republicans plan to rewrite unveil the plan tomorrow morning. Gears up to phase investors after fa
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other
Step in removing some policy accommodation. The time of this meeting, the committee was going with a lot of weak data, weak gdp data from quarter one and weak inflation data from march, and they made references to that data being transitory. There was a clear debate around the idea of inflation and where inflation was heading. Some in the committee are more wordy ofried about the prospect overshooting inflation as unemployment continues to fall below the levels they think are the lowest sustainable levels for unemployment, while others on the committee are worried that some of the most recent data on inflation signals that there may be a pause and price rises there, so perhaps the committee should be cautious about raising. One caveat to these minutes, they are a bit dated. The data since then is split. The april payrolls was quite strong, which supports those in the committee that wanted to see a hike in june. But april inflation cpi data was extremely weak, so that will run the other