Think we have the answer. Which is no. It was raining cats and dogs a few minutes ago. And i wondered, will there be people there . And sure enough, here you are. I tip my cap to all of you this evening. My name is andy graybill. I am the director of the clement center. I would like to thank the many people who helped make this evening possible. Thanks to jeff, who directs the cph. Especially for those people who have coordinated all of the logistics. During my first semester at the clement center, we received an anonymous 500,000 gift in honor of the governor who had died earlier that year. The donor wanted to hear our ideas first about how we put those funds to use before they were transmitted. Naturally, i proposed that this money be applied to my mortgage. [laughter] he passed. The benefactor liked much more the idea that we use the money to convert one of the junior postdoctoral fellowship lines to one that would support an invited senior scholar. That would cost more and they are
This event. Mr. Graybill good evening. Thanks so much for coming. It seems particularly appropriate given the subject of todays lecture to encourage you to pretend as if you are in church and to move in, scoot in if you would, to give folks who are, not necessarily late arriving, but people who are fashionably on time room to sit. I should say that this answers an ageold question for me. Which is if there is anything that can depress the turnout, i think we have the answer. Which is no. It was raining cats and dogs a few minutes ago. And i wondered, will there be people there . And sure enough, here you are. I tip my cap to all of you this evening. Raybill. Is andy g i am the director of the clement center. I would like to thank the many people who helped make this evening possible. Thanks to jeff, who directs the rhonda andpecially ruthanne who have coordinated all of the logistics. During my first semester at the clement center, we received an anonymous 500,000 gift in honor of gover
Medicaid reimbursement rates so it artificially depresses this number to 1. 00 that youre reading about in the minutes but if you look at the core c. P. I. The core Consumer Price index which strips out food and energy it has been running at or above 2 percent which is the feds target for 23 straight months now so i think that there needs to be some soul searching at the fed because the average American Family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and what how investors rightly read that message is that theyre going to continue growing the Balance Sheet and if need be and we know that the need be could. Could be happening with the coronavirus shock to the to the to the economy not just in china but here in t
This is the one business show you cant afford to mess im christiane and im going to board washington coming up the Federal Reserve on wednesday release their minutes of their january meeting but what path has the central bank decided to take well break down the feds moves and how its close choosing to react to global instability what wall way has lost a case in court relating to the purchases of its products but how will the embattled telecoms giant bear Going Forward will analyze the future of cross the globe. In the great. German europe. And later the u. S. Has sanctioned russian oil giant ross now as the nation has ramped up the effort against venezuela well do a deep dive into the penalties and what it means for the petro sector. Today so lets go and dive right in. The federal open Market Committee released edited minutes from his january meeting during which policymakers voted to keep Interest Rates unchanged between 1. 51 and 3 quarters percent drone policy now says that the u. S
American family is not going to tell you that inflation is running too low so how would they be able to actually combat this. Well they say that they want to get inflation up to a certain range and that is code that is fed speak for saying we want to keep Monetary Policy easier for as long as it takes to get up to that 2 percent bogey and what how investors rightly read that message is that theyre going to continue growing the Balance Sheet and if need be and we know that the need could could be happening with the coronavirus shock to the to the to the economy not just in china but here in the United States if that means further rate cuts in 2020 that is certainly what the markets have begun to price in now speaking of how does the f o m c participants view the corona Virus Outbreak is this a threat to Global Growth and if so how much is there a cause for a material reassessment in the outlook and what would that possibly mean for additional easing next year or this year. Well so i thi