[national anthem] [national anthem] [national anthem] will good morning, and welcome to Fox Friends. Middle of the summer, not right before Back To School, but still the middle of the summer here in new york city. We had to clarify for the record that its still july. Rachel we did a back to School Segment Yesterday [laughter] and it had me and will triggered. Will yeah. Theres still vacation to go, theres still camps to be add had. I understand very well that everybodys ready to go with back to School Rachel who . Will well, his kids are ready to go Back To School in early august. Pete parents are ready Rachel Ray i feel the whole stress of getting them out the door. I dont like it. I prefer Summer Pete i agree with that, but get ready. Give it who two weeks, itll really be Back To School segments. Rachel yeah. Lets hold off for now. Pete put it away for now. Will this whole thing is like a guy who wakes up on Saturday Morning and goes, mondays coming. Rachel yeah. Will can you go in t
President lopez regular meeting of the board of education of is now called to order. Roll call please. [roll call] president lopez thank you. I know some commissioners will be here shortly. I did want to begin by saying and sharing my immense gratitude for all of the work we have been able to accomplish together since the beginning of this pandemic. I know there are still many questions and details and fears. What we have been able to do is truly Work Together in unity with our labor partners to come up with something we can all feel comfortable with. No one is immune to the pain that we are feeling. We have historically depended on our schools as safe space to hold us during tough time. From the beginning of the pandemic, our closing of schools on march 12th, and city leading soon after have been centered on safety first. Saving lives, offering resources, feeding families and maintaining learning throughout this crises. That continues today and its that value that allows us to be a le
Now it stands at around 4 trillion still. During the press Conference Following the most recent meeting, chairman powell provided additional clarity on the fence plans to normalize saying that the ultimate size of the Balance Sheets is led by Financial Institutions demand for reserves, plus a buffers that fluctuations do not require us to make frequent market estimates of the level of demand are quite uncertain, but we know that demand in the post crisis far far larger than before. High reserve holdings are an important part of the stronger Liquidity Position that financial is touche and must now hold. The implication is that the normalization of the size of the portfolio will be completed sooner, and with a larger Balance Sheet than previous. Stimates forncludes the demand reserve including the post crisis Regulatory Framework and what amount of reserves are estimated to be necessary for the fed to achieve its Monetary Policy objective. Of the u. S. Economy is a key consideration of M
Enforcement, pharma ceos on the hill it is going to be a very busy tuesday, jim. Yeah. And i feel that, housing is going to dominate the story just because home depot has the same home depot was downbeat. The Housing Starts were terrible i would encourage people once again, rear view mirror, rear view mirror, rear view mirror. That makes me not as pessimistic as what the numbers say. I dont think jay powell is going to be saying, look, i think things are much better than expected. It is right in his face. I just refuse to be as negative as the numbers are i just think that the numbers have to be average you dont get the worst Housing Starts as the Great Depression unless there are intervening factors. A december number, as jim says, down 11, takes you back, the lowest in two years, 2016. As far as the president and chairman kim go, lets try to get some color on what we might expect it is 12 hours ahead, tuesday evening, in hanoi. For that, we go to eamon javers in hanoi reporter good m
Financial Services Committee tomorrow at 10 am eastern time. Idaho senator chairs this 2 1 2 hour hearing. The hearing will come to order, we welcome you chairman powell to the committee for the Federal Reserves annual annual monetary report to congress. Here provides the committee an opportunity to examine the current state of the u. S. Economy, the feds implementation of Monetary Policy and regulatory activity. In the wake of 2008 financial crisis the fed entered a period of unconventional Monetary Policy to support the u. S. Economy. Drastically cutting Interest Rates and expanding its Balance Sheet. Ive long been concerned about the feds product Quantitative Program and the size of its Balance Sheet. As Economic Conditions improve the fed began trying to normalize Monetary Policy included by gradually reducing the size of its Balance Sheet. The feds Balance Sheet grew to approximately 4. 5 trillion from around 800 billion between 2007 and 2015. Now stands at around 4 trillion still