Of energy. Will he get his weight . Way . Thats what you need to know. Fed decision. Bloombergs Michael Mckee. The lead line today, the fed finally nails Economic Projections except the one that matters, rate hikes. Inflation. What does it mean . Michael it may be the fed last hurrah. Wall street moves from the tempo to the capital and fiscal policy. The fed is going to be moving from what are you going to do in reaction to the economy to what are you going to do in reaction to fiscal policy . Where itmeeting about is. With a chart of inflation and unemployment as a are converging to where they said they would be. It is time to raise rates. That is why you do not see arguments from the market. What do they do is donald trump gets Infrastructure Spending and tax cuts through and the economy heats up . That is an open question. I have one other chart i want to show you. Monetary policy, even if the fed moves, very, very loose. Monetary conditions index is moving slowly, real rates are ne
Us in an exclusive interview. Theres talk of a bubble in the retail industry. Now being acknowledged. Biotech boom. Moves from 25 to 30 to 74 . And well see whether there might be still more up side for the companies youre looking at. But we start with the big news out of washington. Youve been watching it on cnbc. Fbi director james comey testifying on capitol hill about the investigations underway of russias influence in the u. S. Elections. Eamon javers has been following along. He has more details on what was said today. Eamon . Reporter bill, thats right. Going into the hearing there was some question about whether fbi director james comey would, in fact, confirm that there is a federal Law Enforcement investigation into russian influence in the 2016 elections. James comey did exactly that today to the surprise of some. Heres what he said. The fbi as part of our Counter Intelligence mission is investigating the russian governments efforts to interfere in the 2016 president ial ele
In the courtroom, he said that d. C. Mayor vincent gray knew of the plan to fund a Shadow Campaign before he was running. Gray says that he personally asked him for an an additional 400,000 in the campaign, and then helped thompsons company to receive a settlement when his office was won. And so they agreed to refer to thompson only as uncle earl a code name. Jeffrey thompson admitted to illegally financing multiple campaigns, including 6,870 to a president ial candidate, and 250,000 to 13 candidates for federal office. And also here in d. C. , 100,000, to 2008 Council Candidate, and 20,000 to 2007 ward 4 council, and the list of d. C. Money goes on. 13 federal candidates and 15 local d. C. Candidates total. For nearly 3 million in Illegal Campaign funds over six years. Jeffrey thompson just walked out of the courthouse, and he did not stop to talk to the reporters reporters, but he is facing two years in prison or home confinement depending on the further cooperation with the investig
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