a speech and before the fed issued its report president trump yet again attacked the fed and its policy why does he keep doing that. well again and again the president is saying that the policy of the federal reserve is the biggest threat to the economy not cherubs not china but the federal reserve well it is true to a certain degree that if you see higher interest rates especially was those high debt levels that we are having if you have higher rates it will become more expensive for to pay for this debt that could be. could not stop but slow down the u.s. economy is what the president is not entirely wrong on that but the big question is why the federal reserve is increasing interest rates and one of the main reasons are the text cuts that we ve seen here in the united states that does lead to or certain overheating of the u.s. economy that that s you need to inflation tendencies and that s the reason why the
are waste regulations. it would take 20 years to get approval to build a highway and we are trying to bring it down to one year. we have it down to about two, trying to get it down to about one. and if it doesn t work or its environmentally unsound, we are not going to approve it. we want take a process of 20 or 21 years and then tell you it s unapproved. right now it s at two and we are trying to bring it down to one. we passed the biggest text cuts and reform in american history. the biggest in history. [cheers and applause] and unfortunately, we had tremendous opposition for lowering your taxes from claire mccaskill. she voted against, unbelievable. and she wants to know ended so that you pay more. figure this one out, i don t
passing on a cost leaving a lot of people between the ages of 65 and 67 uninsured. so we should be looking for alternative ways of doing it. shy add, chris, that another really important part of this conversation in addition to long term deficit reduction is making sure that we get sustained economic recovery. we saw some good numbers today, but we want to make sure that we sustain that recovery. and extending middle class text cuts is part of it, but so is investing in our infrastructure, so are other elements of the president s jobs plan that should be part of this overall agreement. we have seen several liberal democrats to say that it is better to go off that cliff than to get a bad deal. and i m wondering if you agree because it seems like the ceos who came out of the meeting with the president yesterday were most worried or at least seriously worried about the effect of not getting a deal on time and the effect that will have on the economy. we absolutely want to avoid going
helpful so if richardson trying to director of human rights watch thank you very much for talking to us on that and we in the wall street yes it s cool to has a look ahead for a week of an interpol. it s the calm before the storm hundreds of us corporations will be coming out with their earnings reports this week facebook microsoft intel general motors twitter coca-cola. exxon mobil just to name a few overall expectations are sky high and mainly because of the message text cuts of donald trump white house we will probably see an average in earnings growth of about eighteen percent what would be the best in about seven years the thing was wall street as well analysts already expect very decent numbers so even if the numbers come in good that doesn t necessarily mean that wall street will also react in a positive way. that wraps up another edition all the your business update i ll be