Forward to what the fed is going to do and then follow suit. ,,. , ~. ,. , suit. Speaking of the fed, what do ou suit. Speaking of the fed, what do you think suit. Speaking of the fed, what do you think the suit. Speaking of the fed, what do you think the course suit. Speaking of the fed, what do you think the course of do you think the course of action will be . There are some thought the volatility we have seen is in some part driven by the Fed Waiting too long to Drop Interest rates . I the Fed Waiting too long to Drop Interest rates . I think the fed has Drop Interest rates . I think the fed has made Drop Interest rates . I think the Fed Has Made A Drop Interest rates . I think the Fed Has Made A reasonably clear it is coming, and i think the 50 Basis Points in september is a pretty good bet. I think pretty soon they will start to talk more directly leading up to that cat. I think after all with many years of experience of seeing the Federal Reserve really giving into what the fina
What do you think the course of action will be . There is some thought the volatility we have seen is in some part driven by the Fed Waiting too long to drop interest rates. I think the fed has made it reasonably clear it is coming, and i think the 50 Basis Points in september is a pretty good bet. I think very soon they will start to talk more doveishly leading up to that cut. I think after all with many years of experience of seeing the Federal Reserve really giving into what the financial markets are looking for, so we are reasonably confident that Rate Cut is coming. Retail sales data from china, us Consumer Prices are all due out this week. What are you expecting from those numbers and how will that impact policymakers in both the us and china . I think in terms of the us, we are expecting the Inflation Data will be weaker, and we do expect that to continue to pave the path for the fed to cut the rate in september. Now, with china, the Retail Sales is expected to be weaker, given
Few procedures to help you navigate this platform. First, consistent with the regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or are recognized for 5 minutes. Second witnesses must have their cameras on when they are present for the hearing. If you need to step away from the proceedings, please turn off your Camera And Audio rather than logging out. In the event that i have technical difficulties or need to step away, Oversight Subcommittee Chairman pasqual will take over as chair until i return. Finally, since this is a joint hearing of the select revenue measures and Oversight Subcommittees, without objection, the chairs and ranking members of both subcommittees will be permitted to offer an opening statement. Further, without objection, members will be recognized for questioning in the order of seniority on their respective subcommittees alternating between the two. Finally,
Good morning, good Afternoon And Welcome to everyone. Thank you for joining us today. Were holding this hearing virtually in compliance with the regulations for remote committee proceedings pursuant to House Resolution eight. I want to remind members of a few procedures to help you navigate this platform. First, consistent with the regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or are recognized for 5 minutes. Second witnesses must have their cameras on when they are present for the hearing. If you need to step away from the proceedings, please turn off your Camera And Audio rather than logging out. In the event that i have technical difficulties or need to step away, Oversight Subcommittee Chairman pasqual will take over as chair until i return. Finally, since this is a joint hearing of the select revenue measures and Oversight Subcommittees, without objection, the chairs and
Regulations, the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or are recognized for 5 minutes. Second witnesses must have their cameras on when they are present for the hearing. If you need to step away from the proceedings, please turn off your Camera And Audio rather than logging out. In the event that i have technical difficulties or need to step away, Oversight Subcommittee Chairman pasqual will take over as chair until i return. Finally, since this is a joint hearing of the select revenue measures and Oversight Subcommittees, without objection, the chairs and ranking members of both subcommittees will be permitted to offer an opening statement. Further, without objection, members will be recognized for questioning in the order of seniority on their respective subcommittees alternating between the two. Finally, after members of each subcommittee have completed their questioning, ill recog