Ah, fighting inflation at the cost of growth. Fed chief Jerome Powell warns of pain to con in his speech at jackson hole. And Household Energy bills in britain are said to job a by 80 percent as an Energy Price Cap is raised. This is the w business. Im Janelle Delilah on a wild gun in a much awaited speech in front of the annual gathering of central bankers at jackson hole. Federal reserve chair Jerome Powell warned the fight against inflation is likely to bring economic pain. Heres what he had to say. Reducing inflation is likely to require a sustained period of below trend growth. Moreover, there will very likely be some softening of labor Market Conditions. While higher Interest Rates, Slower Growth, and softer labor Market Conditions will bring down inflation. They will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price debility would mean for greater pain. Lets go through this now with our wall s
To see disorder, particularly in key parts of the world as were seeing now in the middle east. Second reality that we face is that oftentimes states that democratize can become democracies, may become less close partners of the u. S. In security matters, specifically the case if the u. S. Had supported an authoritarian regime that preceded it, then a new regime comes in and they seek to distance itself to a may not seek to doubt the full panoply of u. S. Security agenda. With the difficulties in our National Security establishment in being able to reconcile a commitment to the longterm which is to have spread of democracy and then realizing that shortterm impacts of democratization may not be supportive of the u. S. Security interests. We, of course, have seen this in parts of latin america, parts of the middle east we have seen in some parts of asia and then across the eurasian space. Then, of course, we come back to the question, well, what about our model in Eastern Europe, central
Labor secretary now. And theyre probably in that order. His preference would be kathy ruemmelre. He likes her and works very closely with her. Perez. N verrilli and host any potential with the top candidate, kathy ruemmelre . Guest shes going to provide a straight shot avenue into the white house Decision Making process. Everything from the higherups, benghazi, whatever, shes going to provide advice to the president about those issues. And the republicans are going to want the paperwork on that and theyre going to want her to answer questions about that and people will say don verrilli also you know, is going to have that same problem but some others dont think so. Mostly because if we know what he thinks, theres no surprises. Hes argued this stuff before in the Supreme Court in a very public fashion. So those are the two choices. Host when is the president going to make his decision and when might with see action on the hill on this . Guest the white house said after the elections. Af
I hate sheep. Introducing the xfinity my account app. From the cbs Broadcast Center in philadelphia this is cbs3 Eyewitness News. Never thought Something Like this would happen. A neighborhood already shaken by the murder of a wife and mother tonight in disbelief after learning her herbed is now charged with the crime. Good evening, im natasha brown. Thanks for joining us. Police say Christopher Murray confessed to killing his wife after failing a lie detector test. Eyewitness News Reporter matt rivers is live with the details of todays Major Development in this investigation. Matt . Reporter natasha, police tell us that Christopher Murray had been a person of interest in the case since the investigation began. But it took him until yesterday to finally confess. It took them a few days to find their man but police now say the person who killed 46 year old Connie Mcclain murray was one of the people who into her best. Christopher murray her husband is charged with her murder. After fail
Pretty cool. A lot of moonlight going outside across the Delaware Valley like you said great viewing condition. It may ab passing cloud from time to time but overall overnight we should keep skies mostly clear. Its also very comfortable. Warm but not humid. So you can keep those windows open if you want much this full moon or super moon actually is going to impact the tides a little bit. Normally higher than normal tides because of the full moon and also with an shore flow developing we have a coastal flood in effect until mid night. The jersey store and the delaware bay the tidal areas there could be minor tidal flooding because of those hire than normal tides. Those winds will push of water up the delaware bay and also on to the atlantic beaches thats why that flood advisory is in effect. 76 degrees for the inland spots at the airport 71 in wilmington upper 60s in south jersey. So the suburbs cooling down a little bit. 69 in mt. Holly, new jersey, 68 quakertown and doylestown. Nice a