That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a
Tumlin will talk about this, but last week we did have a press event with supervisors peskin and preston announcing that we will be delaying our fare increases. Obviously when we were voting upon that fare increase, we could not have understood the magnitude of what was before us and not to mention we didnt really have a path forward in being able to fund the operations, so i want to thank you supervisors peskin and preston for working with us to come up with solutions which i cannot tell you what they are today. But to look at how we can fill those funding gaps which primarily effect us in year two of the budget cycle, not so much in year one. That will be coming back to us in the future. And also with that we will not be having a Charter Amendment related to sfmta. Thank director tumlin for his work in working with the supervisors, and just say it was a pleasure to be there to represent the board last week at kirkland lard. And with that, i will turn it on to the next item. All right
750 billion Euro Recovery Fund executive Vice President tells cnbc Urgent Health is needed no country is left behind in this proposal. What is left behind is the ability to this crisis due to the higher debt levels lufthansa trades higher despite doubts over its bailout amid disputes with brussels. Easy jet sees green amid the plan to cut up to 30 of its work force shares of the skand avian airline says it needs more funding to fly with 95 of its fleet still grounded this has caused government to close their borders and make it impokt to conduct business its also needed that governments step in to try to help to restore this industry. A warm welcome to street signs. Lets get right into our top story of the morning chinas Top Legislature has formally passed security laws for hong kong. Outlooking treason, success, subversion in the territory. Ple pl members passed bill with 278 votes with one vote against. Secretary of state mike pompeo declared hong kong is no longer autonomous from ch
These are live pictures we are bringing you would need to be better if theyre long sought other lawmakers has taken place in the my marriage central exhibition hall just outside the kremlin walls of course in central moscow. Putins 16th annual address of course one of 3 big events the president does alongside his annual q. And a session and press conference of course taking place later in the year the 1st address of this Congress Actually delivered were back in 1904 by then president barroso get some more than 20 years ago putin gave his 1st address in 2000 when he declared the need to transform russia into a strong and effective state. Lots of topics expected for this year for this year focused on the nations economy russian peoples disposable income other issues as well of course 16th time mr putin has the live of the address before a mixed audience theres government ministers judges from the constitutional and supremum courts as well members of the political elite and of course near
Sovereign debt of businesses on entire industries banks and gladly putin said that if they come russia will reply in kind of tit for tat and that it would put into effect mirror sanctions and you know it would it would respond. With just over 2 hours in a very energetic session a lot of enthusiasm i should say from the journalists almost 2001900 of them in attendance so plenty more questions to google just have to see how much that the russian president hasnt had 15 of the q. And a manner of. Bringing us the latest from Vladimir Putins annual q. And a were going to listen in now to see what hes saying at the moment. And. Several occasions underline that its the. Legitimate government of syria. And in other countries credit crisis situations theres also a crisis in libya there are too many government acknowledges by the International Community it is still there but i was in a media says that russia supports. Called the Libyan National army and the russian mercenaries are supporting them