Europe meantime seeing relief after that tough session on yesterday. We begin with fed chair nominee Janet Yellens confirmation hearings today. Cisco reports First Quarter sales fall about 300 million short of consensus and warns week emerging market demand could suppress Second Quarter revenues as well. And jpmorgan cancels a twitter q a with a top banker after being flooded with insulting questions. First up, when janet yellen appears before the Senate Banking committee, shes expected to defend the easing strategy. She says a strong recovery will ultimately enable the fed to reduce its monetary accommodation and reliance on unconventional policy tools such as asset purchases. Yellen add, i believe that supporting the recovery today is the surest path to returning to a more normal approach to Monetary Policy. Well bring you live coverage of the yellen confirmation hearing on capitol hill once the fed chair nominee begins her remarks. Jim, i see you reading the story right now. Things
We do what we can to promote a t spells. On their families. Imperative that we do what we can to promote a very strong recovery. Continuingg that by our asset purchase program, which we intend we put in assuringh the goal of a substantial improvement in the outlook for the labor market. We are taking account of the cost and efficacy of this program as we go along. Thehis point, i believe benefits exceed the costs. As that program gradually winds down, we have indicated that we expect to maintain a highly accommodative Monetary Policy for some time to come thereafter. The message we want to send is that we will do what is in our power to ensure a robust recovery in the context of price stability. What are the dangers of tapering the asset purchases too early . If confirmed, how should the fomc move forward on an exit strategy . So, senator, i think that there are dangers, frankly, on both sides of ending the program or ending accommodation too early. There are also dangers that we have
Notices that went out to north carolina, arkansas, a lot of places, under the president posses guidance, these letters now will have to explain to people that receive them, you know, what their policy did and what is available on the exchange. Many people will find Better Options on the exchange. Assuming we can get those exchanges up and running and assuming we can get the websites working, many people will find a better option. We told people if they had these plans, they could keep it. This and willh answer your questions. I do not want to lose sight of the promise of the Affordable Care act. I will give to the press this letter i received from my office. I will not read the whole part of it. But this child, emily, is now 22 years old. Susan, wrote me this letter to say, i know you are struggling with the aca and i want to tell you this is worth fighting for. She goes on to describe her daughter, who lost her hearing as a young child, struggle through and got great grades and ended
I call this hearing to order. Today we consider the nomination of the honorable janet yellin to be chair of the board of governors of the Federal Reserve system for a term of four years. Dr. Yellin is an extraordinary candidate to lead the Federal Reserve. She currently serves as a member and vice chair of the board of governors. She previously served as a member of the board of governors in the 1990s. She was a chair of the of president clintons council on economic advisors and she served six years as the president of the San Francisco fed. In addition, dr. Yellin has an impressive academic record. She is a professor at berkeleys school of business and was previously a professor at Harvard University as well as a faculty member of the London School of economics. Dr. Yellin graduated suma cum laude and received her phd in economics from yale. The nomination is especially timely as our nation struggles with high unemployment in the wake of the great recession. She has devoted a large po
22.12.2022 - Regulatory News: ORPEA (Paris:ORP) is disclosing today additional and revised information on its anticipated 2022 financial statements, following in particular the preliminary information disclosed on 26 October 2022. When announcing its ORPEA .