Taken by the Federal Reserve the path depends of course on the virus it societies the crisis will weigh heavily in the medium term and poses keshl risk, very much a carbon copy, just a couple additions here and from the year, there was one other change that i will tell you about. It was that the path of the economy will depend significantly on the course of the virus. Kelly . We appreciate it. Were going to welcome in our fed panel. Mona hodges, david kelly and jim carron its great to have you all here. Ill go to you, dave, for what you think are the most important messages as we watch the markets so far showing little change from where we saw before the decision came out. Really whats happened since their june meeting is we have seen a surprisingly strong bounce, but then the viruses come back, and that resurgence is what theyre saying is this is not over we know its very uncertainty. The economy has a lot of recovery to do yet, and theyre going to remain very dovish while the pandemi
In service to others in our country. All of us have a role to play in our nations response to the pandemic. At the Federal Reserve we remain committed to using our tools to do what we can for as long as it takes to provide some relief and stability and ensure that recovery will be a strong as possible and to limit lasting damage to the economy. In recent months Economic Activity picked up as the economy began to reopen. Many businesses open their doors and factories restarted production more people of their home to engage in various activities. As a result Household Spending looks to have recovered half of the earlier decline although air travel and hotel has shown much less of a pickup. The recovery and Household Spending owes to federal stimulus payments and expanded Unemployment Benefits that provided substantial and timely support to household income. In contrast the indicators of fixed investment have yet to show the recovery. Even with the improved economic news, overall activity
Remember your promise to never leave or forsake us. Finding power in your presence, give our senators the ability to discover solutions to the problems that confront our nation and world. May they strive to make a positive difference for all americans, permitting your light to illumine the way. Lord, provide our legislators with a new vision of faith and a fresh venture of hope as they seek creative ways to help a troubled world. We pray in your powerful name. Amen. The president pro tempore please join me in the pledge of allegiance to the flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president . The presiding officer the senator from iowa is recognized. Mr. Grassley i would ask permission to speak for one minute in morning business. The presiding officer without objection. Mr. Grassley this month is iowa history month, and for iowa
Sufficient and misuse of public funds theres a headlines are going to have more news for you in half an hour stay with us though talk to our desire is next then we sit down with kenyas Opposition Leader raul. With you youre going to see. Has been described as an enigma in kenya politics and you cant possibly talk about politics in kenya without mentioning the name by loading contest up for the presidency of forbes heinz and stacey was the victory in three elections in the Current Crisis Surveillance States he will not rest until there are fresh president ial elections he talked or does it. Well come to talk to hold as youve been reacting to the results of that on election which you have rejected and said that the election should not be allowed under any circumstances what a result for them this is a sham election. In other words you know who they were took place. And that should not be allowed to stand because it will give a very bad example to our future generation were watching whats
Baghdad had asked for legal clarification after what it called a misinterpretation of the constitution by kurdish leaders. Talk to al jazeera thats next on counting the cost black gold big dreams and a mega city in the desert why saudi arabia is pinning its hopes on a ram culture futureproof its economy to raise or not to raise a big decision for the bank of england and talking turkey the challenges behind its strong recovery counting the cost at this time on aljazeera. You can. See. Has been described in kenya politics and you cant possibly talk about politics in canada without mentioning the name. The for the presidency for. Victory in three elections in the Current Crisis he will not rest until they are russian president ial elections he talked or does it. Welcome to talk to. You have been reacting to the results of that on the election which you have rejected and said that the election should not be allowed under any circumstances what reasons for the. Election. In other words you