1 outperforming up a full point. 75 10 year yeild nearing basis points out of safe haven treasuries. 2 . Ollar up approach torelaxed inflations. We will seek to achieve inflation that averages 2 over time. Will achievecy some time. R prof, what do we still need to know . It was powerful and important. Not trying to. Low the ecomony down experienceecade of unemployment. We will take more of a back seat. It even overshoot inflation . Fed wills where the go. Before weation down get to the 2 . Is hot . That is what they arent going to tell us. They dont want to be constrained. Rt japan. Ference countries acted too quickly. Of gdp and is going much higher. Thatdont want to get in situation. Thatwant to go higher and means we will get to the 2 average, which might mean target. N above the 2 are you concerned valuations are getting too extended . The fednk some of it, liquidity support was important to avoid the market disfunction. Sell treasury securities they will sell everything they can.
We are seeing a markets trading sideways. A lot of the focus is on potential risks and the potential headwinds that could hit the markets quite hard. A lot of it to do with geopolitics. Keep an eye on the u. S. China trade talks. You can see the stocks europe 600 gaining. A similar move for the s p 500 futures and the 10 year yield is at 1. 54. Coming up, we will be speaking to the shell chief executive. Dont miss that exclusive interview just after half past 10 this morning. Lets get straight to first word news in new york city. Balance sheet growth resumes for the Federal Reserve chairman Federal Reserve, chairman Jerome Powell says dont confuse this for qe. In no way beuld confused with the largescale asset purchases. Neither are the recent technical issues nor purchases of treasury bills we are contemplating to resolve should materially alter the stance of monetary policy. Chairman powell also hinted at the possibility of another rate cut. He was confidence the economic expansion c
We are here to announce a better deal to rebuild america. The democratic plan to directly invest a trillion dollars to rebuild crumbling infrastructure and create more than 10 million good paying jobs. In the 20th century, americas ingenuity and commitment to have the best infrastructure ourinable helped compel economy and made our infrastructure the envy of the world. Today, that is no longer the case. Our antistructure structure ranks behind countries like singapore and the emirates. In a recent report by the American Society of civil engineers, one of every five miles of highway pavement in our country is in poor condition. 56,000 of americas bridges are structurally deficient. The American People dont need reports to tell them what they already know about the conditions of our roads, bridges, rail systems, schools, and airports. Day,experience it every stuck in traffic, disrupted in rail travel, paying high energy costs, worrying about unsafe water, and kids being forced into schoo
Mr. Cicilline im congressman David Cicilline from rhode island. And im with representative ustos. Last july democrats launched a bold agenda. Bold economic agenda focused on better jobs and better wages for a better future. Central to that is rebuilding our country. We are here to announce a better deal to rebuild america. The democratic plan to directly invest a trillion dollars to create more than 10 million good paying jobs. In the 20th century, americas commitment to have the best infrastructure imaginable helped propel our economy, create good jobs and made our infrastructure the envy of the world. Today that is no longer the case. Our infrastructure ranks behind singapore and united emirates and in a recent report by the American Society of Civil Engineers, one out of five miles of highway pavement is in terrible condition and that is 56,000 of american bridges are structurally deficient. But the American People already know about the conditions of our roads, bridges, rail system
Money in my pocket. Thank you very much. [captions Copyright National satellite corp. 2018] captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org im congressman David Cicilline from rhode island and im with representative buse toss. Last july, democrats lost a bold economic agenda focused on better jobs and better wages for a better future. Central to that is rebuilding our country. We are here to announce a better deal to rebuild america. The democratic plan to directly invest a trillion dollars to create more than 10 million good paying jobs. In the 20th century, americas commitment to have the best infrastructure imaginable helped propel our economy, create good jobs and made our infrastructure the envy of the world. Today that is no longer the case. Our infrastructure ranks behind singa important and united emirates and in a recent report by the American Society of Civil Engineers, one out of five mil