A new brexit deal. And the Nobel Laureate Toni Morrison, whose books examined the history of black life in america, has died at the age of 88. Hello and welcome im katty kay in washington and Christian Fraser is in london. The trade war is between china and america both sides showing they have financial weapons and are prepared to use them. But its now making the rest of the world nervous too. Global markets have had a run of bad days and the german finance minister today sounded the alarm bells warning beijing and washington to tone down the rhetoric and get back to negotiating. China gave its First Official response to the latest threats of us tariffs today, with the bank of china saying washington was totally wrong to label china a currency manipulator. President trump sounded defiant this morning. Massive amounts of money from china and other parts of the world is pouring into the United States for reasons of safety, investment, and Interest Rates we are in a very strong position.
Chair Jerome Powell announced an Interest Rate cut for the First Time Since the 2008 financial crisis. Following the announcement, he took several questions from reporters. This is 45 minutes. Good afternoon and welcome. Today to lower the target for the federal funds rate by a quarter of a ofcentage point to arrange two and a quarter percent. The outlook for the u. S. Economy remains favorable in this action is designed to support that outlook. Againsttended to ensure Downside Risk, to help offset the effects these factors are andng the on the economy to promote a faster return of inflation to our symmetric 2 objective. All of these objectives will support achievement of our overall goal, to sustain for the benefit of the american people. We also decided to conclude the runoff of our securities portfolio rather than and september as previously planned. In september as previously planned. I will discuss the thinking behind todays Interest Rate reduction and then turn to the path forwar
Yet, some totally destroyed. Youll see some trailers in front of the homes where people are working on them, but youre not going to see the vibrant community it once was. More from the tenth anniversary programming on hurricane katrina, including this entire hearing, and more from people on the ground about the storm. Tonight at 8 00 p. M. Eastern time on cspan. A group of reporters discuss their jobs covering the white house and the changing relationship between president ial administrations and the press corps. Correspondents peter baker of the New York Times, jim avila of abc news, ap Reporter Josh Lederman and Scott Horsley of npr, participate in this National Journal event. Everyone else is going back to work. I hope that doesnt make your competitive anxiety set in. This is a great group. Thank you all for coming and taking time out of your news day to be part of this conversation. This is, of course, our annual scholarship panel. We have our 17 scholarship winners sitting in the
Against isis fighters. Theres something about kirkuk thats so different from everywhere else. In other places when these things happen, people hide and run away. The people of kirkuk do the contrary. Sreenivasan all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by lincoln financial committed to helping you take charge of your financial future. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Supported by the rockefeller foundation. Promoting the wellbeing of humanity around the world by building resilience and inclusive economies. More at rockefellerfoundation. Org Carnegie Corporation of new york. Supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions and individuals. This program was made possible by the corpor
Against isis fighters. Theres something about kirkuk thats so different from everywhere else. In other places when these things happen, people hide and run away. The people of kirkuk do the contrary. Sreenivasan all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by lincoln financial committed to helping you take charge of your financial future. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. Supported by the rockefeller foundation. Promoting the wellbeing of humanity around the world by building resilience and inclusive economies. More at rockefellerfoundation. Org Carnegie Corporation of new york. Supporting innovations in education, democratic engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ongoing support of these institutions and individuals. This program was made possible by the corpor