A P Pa re ntly apparently the british people love pies we will get stuck into that later. Lets start with apple, because the Tech Giant has unvelied four new iphones which will hit the shelves next month. Were not talking apple pies. The firm has had a busy 2a hours, it was forced to release a Security Patch after a flaw was found in its devices. However, apple will be hoping its new offerings will be making the headlines now. The new iphones include the Iphone 13, Iphone 13 mini, Iphone 13 Pro And Iphone 13 Pro Max Which will have a Starting Price of 699. The launch comes as buyers are keeping their phones for longer before upgrading. Investment firm Wedbush Securities estimates that around 250 Million iphone users have not upgraded their phones in 3. 5 years. Joining me now is russ frushtick, co founder of polygon. Im sure youve been looking in detail with what apple wants, we always demand you innovation and this time everyone seems very underwhelmed . And this time everyone seems v
Financial services committee, here on cspan. There is inadvertent background noise. Members are also reminded that they may only participate in one remote proceeding at a time. If you are participating today, please keep your camera on. If you choose to attend a different remote receiving, please turn your camera off. As a reminder to all members, we will conclude todays hearing i better check the time before i give you that time members who are unable to ask questions in our february 24 hearing with Chair Powell will be given priority to ask their Questions Today. We will return to our normal order of recognition once those members have asked their questions. Before we begin, i will recognize myself to call up the resolution offered by ranking Member Mchenry. Copies of the resolution will be made available in advance. Without objection, the resolution is adopted. This hearing is entitled monetary policy and the state of the economy. I now recognize myself for four minutes to give an o
The last two years or so of the last expansion, and all of that in the context of low interest rates and monetary policy. I guess im just not seeing that i know the fed has a statutory obligation to promote Price Stability and maximum employment what are your thoughts on the relationship between monetary Policy And Inequality . What do you take to be your obligations with respect to Wealth Inequality . We dont take inequality as a mandate. We think we can we have these disparate which have gotten worse. We see those as weighing on the potential for the economy. I think everyone does. If you dont have a chance to take part in contributing to and then benefiting from the economy, then the economy is not all that it can be now what can the fed do . We can support maximum employment thats what we can do. We can push the Job Market to a place where consistent with our Price Stability obligations where jobs are widely available, really, though, were not we cant be the lead on it. Its fiscal
8266000 jobs added 11000000 were expected by economists and on top of that there had also banned. Downgrade of what had been added the previous month so they said and march that we had added 900000. 00 jobs but in fact it was only 700000. 00 jobs and yet there are over there are nearly 7 and a half 1000000 job openings right there the app with you know jobs being advertised 7 a half 1000000 across the Economy But Nobody feels like working so the word of the day is shortage why cant employ or find workers there are millions of job openings but no takers and this is from Mr Talk Dot com and he points to this chart from indeed and they show that applicants get out the change in job openings and applications since january 2020 and you see in the orange line there that the openings have absolutely soared and yet. Applications are declining so nobodys going in to take these jobs but the 2nd chart shows that the biggest job jobs are actually in manufacturing so its not like its just people ar