Its rare that a freshman from the Minority Party gets to chair a committee proceeding like this. But, you know, who says the race go earth not to the swift . First of all, i really appreciate all of you coming here, and i appreciate your willingness to serve on the president s review group. The work that youve done has been very helpful, and im confident that it will do a lot to frame this important discussion as we move forward. The importance of these issues cant be overstated. One of the things that i liked that you pointed out in your report appears on page 15. Wherein you pointed out an interesting coincidence you might call it. My word, not yours. The concept of security has dual meaning. On the one hand, it refers to the fact that one of the most important, fundamental, sacred obligations of government is to keep the people safe, to protect us from each other and to protect us from those outside of our country who would harm us. Security is one of the most important functions th
And nasdaq down 15 points, the sp sitting at 1752, also worth noting we were still on the 5 pullback area where we have been watching for the dow and the s p, the most recent highs, we were off 5 and 6 respectively. In the meantime what is interesting is trading, the market has turned a little bit negative. The fear index in the green at 1953. And the Third Session in a row, the key level as well and save haven of gold up 6. 5 to 2. 6 . Adam we want to turn to commodities. Will prices are wavering on the latest inventory data. Phil flynn is in the trading pits of the cme so supplies rose less than expected. Where are the bigger gains . Those numbers are skewered by the weather in the gulf of mexico. In the gulf of mexico last week we had massive fogs, storms, snow, you name it and oil tankers could not offload for. A lot of tankers are still sitting in the gulf of mexico that they think will get back in non land next week so that is tempering its somewhat. The other thing we are lookin
Once again, it is ukraine. The ceasefire declared last night failed to hold. The independent square was covered in fire and smoke. The list of casualties is growing long and the International Call for action is growing louder. We continue to stress to the ukrainian government, they have the primary responsibility to prevent the kind of terrible violence we have seen. To withdraw riot police, to work with the opposition. It is the regime that created this, by undertaking positions that went against the nature and aspirations of ukraine. For that reason, we hope the government responsible. It will be necessary to discuss specific sanctions to show it is important the political process start again. We cannot accept what is happening. Those who committed violent deeds, those getting ready to commit more, must know there will be sanctions. There will be a meeting of Foreign Affairs in europe and the question of sanctions and their degree and the targeting, this question will be asked. Those
What we have said about whether is a little bit complicated and confusing. Let me say between december and january, the Committee Cell Data Committee sought data aboutas more optimistic the outlook. Incoming data since january, when our statement sounded quite ne, probablyc town down due to weather and we probably overdid the optimism in january. March,ake december to the committees views are largely unchanged. You have been you served on the fed previously. I am wondering, as chairwoman, what has been different about being on the fed and your responsibilities as chair . I feel i am very lucky i have had a lot of that experience to draw on. As i approached this role because it is complicated and in many ways, i feel the buck stops with me. In terms of management of the fomc and responsibility to ensure the Federal Reserve makes progress on its goals of getting the economy back on track and making progress on our Financial Stability in regulation. I feel the weight of responsibility kee
One of the worlds most expensive foods. You to market maker know what . Bleh bleh. Rewind, good morning. Great to see you, matt miller. Im Stephanie Ruhle. Shafter. Im really excited to see the truffle piece. I dont like the taste or smell at all of truffles but i want to see it. It looks interesting. I was inside the kitchen at the four seasons and i like truffles, the way they smell and taste a not so much what they cost. Time now for the newsfeed feed. Hopefully we will get that right. Top business stories from around the world. A little more than four hours for now, janet yellen hosts her first News Conference as chair of the Federal Reserve. Fed policymakers are wrapping up their twoday meeting, its exciting. They are expected to cut another 2 billion from the bond buying program. Up shortat fedex came in the fiscal third quarter. I hope matt miller is listening to the Worlds Largest cargo whatne its guess they are blaming it on . Bad weather. 2 lucky winners split the 400 million