My name is stephanie aronson. Im the Vice President and director of the Economics Studies program here at brookings. Thank you for joining us for todays event, organized by our hutchens center on fiscal and Monetary Policy on how the fed will respond to the covid19 recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a shor
Recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a short introduction to governor brainerd who has had a long career of Public Service in ack deema. She took office as member of the feds board of governors in june, 2014. Before that, she served as undersecretary of the u. S. Departments of the treasury from 2010 to 2013
New infection rate increase of over 10 . He called her that definitely an uptick, which is generalized in europe. There will be new effort today to make progress on the next round of pandemic relief. White house chief of staff mark meadows and the nancy pelosi will speak by phone this afternoon. Talks at an impasse three weeks ago, meadows predicted there would not be a stimulus deal with democrats until the end of september. The size of about 1 trillion apart. Killed 51 worshipers at two new Zealand Mosques last year was sentenced today to life in prison with no possibility of parole. It is the first time that sentence has been imposed in new zealand. The march 29 shootings prompted new laws banning some semiautomatic weapons. They also prompted global changes to social media protocols after the shooter livestreameds attack on facebook. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Cr
The dow now positive for the year as the s p and the nasdaq close in on alltime highs yet again. Is a deal to buy tiktok hours away . As we reported here first, microsoft ceo speeding fastest toward the social media prize. Now its confirmed walmart has bet on microsofts horse to nudge it across the finish line. The analyst who says a deal has been sealed and is down to the wire in a fox business exclusive. Dan ives of wedbush, only here coming up. Hurricane laura leaves destruction in her wake as the energy world scrambles at this hour to restore power and get natural gas and Oil Operations back online. We are going to take you straight to lake charles, louisiana, where the eye went right over for a look at the ontheground damage. And the boycotts spreading at this hour from sport to sport as americas top athletes protest racial injustice. The ceo of the Company Whose name is on the bucks home arena is with us live on hoops, protests and what big business can do and what hes doing to f
Out what the Federal Reserve is going to do to rev up the economy. Big speech coming from chairman powell. Odds are hes going to talk about inflation. He wants more of it. If thats correct, hell be printing a lot of money. Literally seven minutes from now make that nine or ten minutes from now, we will be allowed to give you the official word. And, by the way, thats what the markets waiting for. The dow jones average is coming off the dow is going to be down about 22 points, roughly that way. Lets see what happens when we get the feds announcement. The s p, thats coming off its 18th alltime high. Down a couple of points at the moment. The nasdaq is coming off its 38th alltime high. We did receive news of just over one million new jobless benefit claims last week, no noticeable impact on the market on that. That market, the investors, theyre really waiting for the fed. Five big tech stocks, theyre coming off record highs. Here they are this morning, premarket. Apple is up some more, but