The board of governors of the Federal Reserve system and doctor christopher, the member of the board of governors in the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System in the healthy growing economy. The Federal Reserve was created by congress as the nations central bank to promote a stable economy and a safer more flexible Financial System. Among the Federal Reserve responsibility is conducting the nation Monetary Policy with the mandated promoting maximum employment, and moderate longterm Interest Rate. In addition to its Monetary Policy that oversees a significant portion of the sector including large, regional and Community Banks as well as certain nonbanks. It aims to foster a safe and efficient payment and settl
You can see that live on cspan, and later at 2 30 p. M. Eastern marx Senate Majority leader Mitch Mcconnell and House Speaker Paul Reinhold had a News Conference at the retreat. Well bring that to you also on cspan. Sunday night on after words, former speech writer for president george w. Bush and atlantic columnist david frum with his book trumpocracy, the corruption of the american republic. Hes interviewed by Washington Post Nonfiction Book critic. Trumpocracy is a book about the study of power. Thats what the suffix means. This is the study of Donald Trumps power, how does he get it . How does he maintain it and how does he get away with if . Trumpocracy is the system of enabling, its system in the white house, the system between trump and congress, the system between trump and the media that enable him and create an audience. Its the system that involves his the republican donor elite, the traditional elements of the republican bheert have succumbed to him and above all the core g
Moderating the Global Economic outlook after what one has to agree was a rather unusual warmup act. I am very disappointed, however, that for some reason they forgot to provide the band. [ laughter ] which i think we would have enjoyed very much. The previous speaker said three things with which i think we can all agree, that growth is very important, that jobs are very important and trade needs to be free and perceived, and i agree with this, to be fair, and i think those three points, growth, jocks and the nature of the trading system are pretty important for our discussions now. We are meeting at a point in which i think for pretty well the First Time Since january 2008, the web has a tendency to be a bit behind the times so it didnt realize at that time just how bad it was going to be but since ten years of extraordinary Global Economic optimism and about a widely shared and synchronized recovery, so we will discuss the nature of that recovery, the risks in both directions to it an
As for earnings central, mcdonalds results will be in the spotlight. 8 00 well expect those numbers. It will be a busy week on the economic front. A number of key numbers. The september jobs report. Thats right, on tuesday we get that jobs report we were supposed to get a couple of weeks ago on a friday. Also, well get last months Consumer Price index and then september cpi on wednesday. Our economic newsmaker of the morning on squawk box, Charlie Evans will be joining steve leaseman in a cnbc exclusive. Joe. Thanks. Back to our top corporate story of the morning. Jpmorgan coming up with a settlement. This is mandatory reading. Im going to talk about it later. Well let you do your report and then well talk about what it means. And then we can go for it . Then we can go for it. After weeks of tense negotiations with the government, jpmorgan appears to be very close to a resolution to the tune of about 13 billion, which is a bit more than expected originally. In a phone call friday night
The speaker pro tempore on this vote, the yeas are 225, the nays are 191. The previous question is ordered. Question is on adoption of the resolution. Those in favor say aye. Those opposed, no. In the opinion of the chair, the yeas have it. On that i request a recorded vote. The speaker pro tempore a recorded vote has been requested. Those in favor of a recorded vote shall rise and remain standing. A a sufficient number having arisen, a recorded vote is ordered. This is a fiveminute vote. [captioning made possible by the national captioning institute, inc. , in cooperation with the United States house of representatives. Any use of the closedcaptioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u. S. House of epresentatives. ] the speaker pro tempore on this vote the yeas are the speaker pro tempore on this vote the yeas are 225. The nays the speaker pro tempore on this vote the yeas are 226. The nays are 191. The majority votin