Pulled that into this. Treasury, we want treasury to be able to have the cash that it needs and we are essentially taking that to our work. There may come a time when we talk about that. I think we are more focused, frankly, on the bill purchases the year end and review of supervisory and regulatory issues that were digging into and we think these are structural things, right just allow the liquidity that is already there to flow more freely perhaps by making fairly straightforward noncontroversial changes. We think there is some of that if they take role changes, it will take three months and things like that these things that were working on now, like going through year end with the overnight facilities and the bill purchases and the term repo, those are things we have to do right now and are doing. Chris hi. I wanted to ask the only change in the statement was a drop in the reference to uncertainties around the economy you seem very confident or it implies theres a lot of confidence
Pot belly cfo why the klain lost 6 today we will get to it all let us begin with the Federal Reserve as expected no change in rates in the time meeting of both the year and final meeting of the decade. Come on. Thats all in the past, guy what should we expect in the future the new year, a rate cut, a rate hike, Steve Liesman was there. Asking questions at the press conference and he joins us now with more good evening, steve. Sully, thanks the Federal Reserve ended a momentous year for Monetary Policy by lawmakering what it indicated was a new regime where policy is likely to remain on hold for what could be at least several months the move to neutral follows three successive rate cuts beginning in august and reversal of plans to hike earlier this year now the policy statement the fed called the current stance of policy appropriate feds overnight lending rate standing at a range of 1. 5 to is 1. 75 . Jerome powell saying that could be the case for a while to come. We believe that the c
Good afternoon, everyone. To begin, id like to say a few words about paul volker who as you know passed away earlier this week. Paul volker served as Federal Reserve chair from 1979 to 1987. He accomplished many things during his long and distinguished career at the fed and elsewhere. Hes best known for leading the fight to tame the doubledigit inflation he inherited, laying the prosperity we enjoy today. But what is perhaps most admirable about him more than his accomplishments was his character. He believed that there was no higher calling than Public Service and he dedicated the lions share of his life to it. With courage, tenacity and integrity he pursued the policies he believed would benefit all americans. My colleagues and i continue to draw inspiration from his example. Turning to todays meeting, my colleagues and i decided to leave our rate unchanged after lowering it a total of 0. 75 . We based our decisions on judgment of how best to achieve the goals congress has given us,
It always leads us to our road map. It starts not with the stock market but with the big Company Named walmart and its shares, which are set to open at a new all time high. The retailer delivers an earnings beat, also forecast what is quote a good Holiday Season plus, Global Technology spanning slowdown concerns, cisco shares, they are sink ahead of the bell as we told you. Rain or shine, we always like that he will be with us for an interview and Elizabeth Warren on attack. The president ial hopeful dropping a fierce new campaign ad today shes targeting a handful of outspoken billionaires who have criticized her publicly. Many of them right here on our air. Lets get to shares of walmart they are on track as i said to open at a few all time high, quarterly earnings, Comparable Store sales up for a 21st consecutive quarter and ecommerce sales, get this, 41 in the u. S. Was what they were up that was helped by growth on what they said was Online Grocery. Walmart also raises its full year
Our conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and authored paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap. Or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard whos with the peterson institute, formerly of the International Monetary fund and m. I. T. Loretta mester, and ben beg your pardon ben bernanke, our colleague here at brookings, paul krugman, the economist at the university of new york and columnist for the New York Times. Krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind