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Is it not possible that improved wages themselves can help lead to improved productivity, which can create a virtual cycle with wage growth over time . German powell yes and thats exactly what we hope is happening right now. Congressman so you are committed to keeping your foot off the brake . Chairman powell when im getting ready for this hearing i went back and read something you said in your very first year on the fomc committee. At the very first meeting one of the Bank President s rett Bank President s mentioned tighter labor markets and youve noted that you havent seen anything in the data yet to support that. It struck me as interesting because it got me to thinking about you three and you six and my frustration with both. And i think its been two and a half years since we hit the supposedly definition of a full employment, yet you three keeps dropping and the definiti ....
Times joins me now from washington. Would you say this is a test of the relationship between merkel and trump . It seems when i look at the body language of Angela Merkel, that she from the beginning has not known what to make of this man. Is there more clarity here . I think Angela Merkel is someone used to dealing with testosteronestyle men. She has dealt with Vladimir Putin in russia, bruce ghani in italy, erdogan in turkey. Now she is dealing with donald trump in the United States. The u. S. Is such a Major Trading partner and ally of the u. S. That she has to figure out how to work with the new american president. I think that is what you saw today whenever she may make of him and it would be wonderful to know ....
He built this economy. Some people actually give him credit for it. Listen, america created 1. 5 million more jobs in the last year of the Obamabiden Administration than in the first three years of the trumppence administration. Their first three years fell short of our last three, and that was before he could blame the pandemic. Listen to that covid clap back with the horns. Joe biden also knocked donald trump on his handling of the covid crisis while stumping in pennsylvania. You know whats really sad about this . The president knew this back in february. He lied to us. He told us he hadnt read the intelligence reports that showed how bad this was, how deadly the virus was. They didnt tell us about the virus, the administration gave wall street investors, though, a heads up. He didnt tell us, he just told his wall street friends. Meanwhile, trump was in the spring state of wisconsin where he not only downplayed the vi ....
Graduating class at at National Defense university. Many of you saw the photograph of me at Lafayette Park last week. That sparked a National Debate about the role of the military in civil society. I should not have been there. My presence in that moment and in that environment created a perception of the military involved in domestic politics. As a commissioned uniformed officer it was a mistake that i have learned from, and i sip seriously hope that we can all learn from it. Cnns Barbara Starr is joining me now. Barbra, what are you hearing about this. What else did he say . Well, kate, general milley is making a very specific point here that really is resonating across the ranks and i think he hopes resonates with the american people, that as a serving officer, ....