My colleagues and i continue to expect the effects of these factors on inflation will be transitory. However, the recent additional decline in oil prices and further appreciation of the dollar mean that it will take a bit more time for these effects to fully dissipate. Charlie joining me now is glenn hubbard, the dean at columbia business school, a Top Republican economic advisor. Gillian tett is u. S. Managing editor at the financial times. Alan blinder is a professor at Princeton University and a former fed vice chairman. David leonhardt of the New York Times will be joining us. He has joined us now. I am pleased to have him as well. Alan, give me a sense of what happened today. And what might these deliberations have been like . Alan i think they were contentious in a polite sort of way. Everything is polite. They dont throw forks and spoons or things like that. The committee is divided. From the statement, you can tell clearly that janet yellen was on the dovish side and was in her
On pleased to have both of them back on this program. What is going on . Guest there has been an outbreak of violence of any kind that even though israel and the palestinians have a lot history of violence, there is always something new. This is very personal, very scary kind of violence. It has to do with stabbings at a and people who literally have to confront their victims and start hacking away at them. All the while endangering themselves and many of the m winding up seriously wounded or dead. This comes against the backdrop of several issues, the most immediate of which was the unnecessary israeli provocations on the temple mount. And the issue of settlor vigilantism has sort of excited the palestinians. There is the issue of, isis is all around us. Even though it may not have made it does provide inspiration, i think, for teenagers to go and carry out ts of own ask ac violence and terror. What everybody mentions is the lack of any progress. I do not think that these these childr
Oil prices. We have seen a emergingmarket currencies rise today. Looking at the shanghai composite, pretty flat at the moment. The latest pmi reading out of china showing some stabilization. An eighth consecutive month of contraction but it went better than economists forecasted. They took over from hsbc given the secondary manufacturing pmi. This one is mostly privatesector manufacturers, smaller than the official pmi that was out yesterday. Contraction, lets not try to confuse the fact here. 47. 6. Rvey was for but, it was better than expected. Some economists are saying perhaps we have seen the floor of this. In september, it was the worst reading for this gauge in 6. 5 years. Pmierday, the official coming in at 49. 8. But, it was the same as september. Economists saying they are seeing signs of stabilization. There is still deepening deflationary pressures in this economy and there is also weak for exports and export orders were down yet again. The Global Economy really weighing on
Block all legislation pending action on proposed Gun Legislation measures. In president ial politics, the first democratic primary debate is scheduled for tuesday in nevada. Joe biden is third in the polls, and it remains to be seen if he will enter the race. Joining me now is john dickerson, the host of face the nation on cbs and also director of cbs news. He is also a Political Correspondent or columnist for slate magazine. Dickerson i see what you do and try to do half as much. Last night, i was talking to a member who was putting together votes for mccarthy, and said the trouble will be in this parliament revote is that he will get the majority, but the worry is that when the formal vote happens at the end of october, hes not sure he can get 218 republican votes because of those conservatives. They call them the hell, no caucus and also the Freedom Caucus members because they want a set of promises about how he will behave as bigger. Last night, they thought it would go forward, bu
Secretary of state jon kerry issued more warnings to russia, warnings that putin is not heeding. President obama nowhere to be found as russia expands their influence in the middle east. And then a Foreign Policy failure nearly a year after nato ended their combat mission there. Theyre on the dprouground now kunduz. They seeds it earlier this week in a major victory against the taliban. We pick up with the war against the state. We talk to keane, bolton, and mcfarland. And donald trump reigniting his president ial campaign. A tenpoint lead as he ends his six day boiycott of fox news. Putin defying the west. He has significantly escalated the car in syria. Todays russian attacks mark the first time russia has carried out a Major Military operation outside of the borders of a former soviet union since the end of the cold car. Those strikes carry out against what the russians said were Islamic State terrorists. U. S. Defense sources say those strikes hit nonIslamic State targets, but othe