Forward guidance. My questions are first, what are you hoping to learn, how might that change your response and third, how close is the committee to reaching a decision on a more concrete Forward Guidance and whether yield caps might reinforce that guidance . First i would say we think Monetary Policy today is wellpositioned to support the economy in this challenging time. If we didnt think that of course we would change her policy now. As you know we lowered her policy rate very quickly, quickly than others and we said we will keep it there until the economy has weathered the effects of the virus and on track to achieve our goals. You can see in the dog plot as i think you pointed out the overwhelmingly the participants expect as a baseline expectation no rate increase at least through 2022 and if you look at surveys and forecasters are market produce reports, Financial Market prices et cetera, those reflect rates at the effective lower bound. The first thing is Monetary Policy is in
Coronavirus within the net barragan. Hisd mcintosh talks about organizations role in campaign 2020. This is washington journal for july second. Several key members of the Trump Administration including the president himself respond to reports from an New York Times bounties. T russian several members of congress urged it in hearing how much the program it what the expected response will be from the u. S. Will getrst hour we your response to the story in the white house reaction as well. ,emocrats, 202 7488000 republicans, 202 7488001, ts 202 7488002, if youre an afghanistan veteran you can call us at 202 7488003. You could post on our facebook page. Prpicksciated press story thatmpanying has yesterdays response said washington criticized for inaction. President donald trump and officials picked up their defense that russia offered bounties for killing u. S. Troops in afghanistan. President S National Security advisor city he had a list of retaliatory it options if the intelligence prov
This is 19yearold. Thats my son. You know. I love him. That was my son. You know. Charles emotional father speaks out about the loss of his son as the experiment in anarchy was terribly wrong. We have a big show for you today on making money. Charles all right, folks. Stocking jumping big time after a monster record breaking june jobs report. Get this, 4. 8 million jobs added drooping unemployment level to 11 . President trump commenting on one of the highlights in todays report i would like to focus on, manufacturing. Manufacturing looks like it is ready to take off at a level it has never been before. A lot of that has to do with trade policy were bringing manufacturing back to our country. He is taking a long time to get going and theyre now going. So these are historic numbers. Im really happy when i see 356,000 manufacturing jobs. That is just a small number compared to what it will be soon compared to our great trade deals. Charles lets bring in Fitzgerald Group principle, keith
Jerome powell announced that Interest Rates will remain near zero for the foreseeable future in order to support Economic Growth following the coronavirus pandemic. This is conference runs one hour. Good afternoon, everyone. Thank you for joining us. Hour. Our country continues to face a difficult and challenging time as a pandemic is causing tremendous hardship in the United States and around the world. People have lost loved ones and many millions have lost their jobs and there is great uncertainty about the future. At the Federal Reserve, we are strongly committed to using our tools to do whatever we can and for as long as it takes to provide some relief instability to ensure the recovery will be a strong as possible and to limit lasting damage to the economy. T lasting damage to the economy. The most important response to the crisis has come from a healthcare workers and on behalf of the Federal Reserve look me express our dedicated individuals who put themselves at risk day after
Company. Elon musk returns to twitter to taunt his critics. And washington approved sanctions on china over hong kong as a Top White House adviser says the u. S. Is increasingly unhappy. New trade restrictions could be on the way. Lets look at how we are setting up in asia for that final trading session of the week. To trackstocks are set wall street as we assess the latest job numbers from the u. S. We did see some sluggish data indicating the pace for hiring maybe cooling as the virus spreads. Just keeping an eye on that. Ae index could be headed for weekly gain that could massively sway sentiment. We have retail sales to from singapore and Inflation Numbers from thailand, along with a pmi reading from china. Overall, we are set to end the week higher after thursdays event. Settledg futures have lower after the index cap the biggest rise in three months, let higher by property names and chinese brokers rallied as well. Financial markets have been resilient in the face of with the ruc