Beautiful day outside. I think we have some great things to talk about. I will start by discussing the Federal Reserve. As you know it just happened minutes ago but it makes me very happy. I want to congratulate the Federal Reserve for starters they have lowered the fed rate from what it was, which was one to 1. 25. It has been lowered down to zero 0. 25. Zero to 0. 25. The Federal Reserve will be purchasing 500 billion dollars of treasuries and 200 billion of mortgagebacked securities. That number can increase but they will start with that. That is really good news. That is great for our country. That is something we are very happy. I am very happy. They did it in one step. They did not do it in four steps over a long time. I think that people and the markets will be thrilled. That brings us we are the strongest country in the world by far financially and every other way. That brings us in line with where other countries are. Actually have negative rates. We got it down to potentially
Local cable or satellite provider. Cspan, your unfiltered view of government. Klobuchar delivered remarks on Foreign Policy at the council of Foreign Relations in washington, d. C. Plan before her [inaudible] thank you for the work you ie doing and i also note that made a here from the judiciary hearing on the Inspector General report on the fbi and im here and to return to pass my questions, which means the during is going on for a really long time, but it is truly an honor to be here at the council of council on Foreign Relations which has played a 98or role in the love for years. You are founded in the aftermath of world war i which was a vertical moment in history when rica rejected a global war global role and retreated into ice and a lizzo i should note isolationism. It is important to think how we can resolve global challenges here at home rather than simply wishing them away. , theal years ago Washington Post once wrote a article called in it, over the past halfcentury have com
He was kind to keep his commitment to be with us here today. But he will not be able to talk about the Monetary Policy aspect of his position at the fed in todays session. That said, there is lots he cans ill talk about. Very goodwill have a discussion on the topic of too big to fail. Before that, over bit of background on president kashkari. All fed bios are interesting but his is particularly eclectic. Anbegin his career as Aerospace Engineer in california where he developed technology for nasa Space Science missions. After graduate school, he joined Goldman Sachs in San Francisco where he helped Technology Companies raise capital and pursue strategic transactions. To 2009, a very quiet time in terms of the economic and Monetary Policy environment, of course. He served in several senior positions at the u. S. Department of the treasury. 2000 eight, he was confirmed as assistant secretary of the treasury and oversaw the troubled Assets Relief Program or tarp during the financial crisi
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