Ive been saying this openly. And they have lowered too slow. He took 25. Some people were hoping for 50. He did 25. Im not thrilled with the fed, despite that we have an incredible economy and no inflation. Chairman powells job is safe . Yeah it is safe. Sure, why not . You paused . I dont pause. He has a job, im disappointed in it. Im very disappointed in him. Neil the job is safe because the president cant fire him. Once appointed unless serious malfeasance or crime he is there, he is there for another couple years. Of course the president is free not to reappoint him. That is assuming the president is still in office to decide that. Former Treasury Department economist under president bush 43 David Beckworth with us. Obviously he is not satisfied with the quarterpoint move. He wanted more. We got data today to indicate maybe the fed was wise to make the quarter point and add to that the caveat it is watching other developments. What do you think of the data and confluence and . We s
so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of people.
About Monetary Policy, we end up with the Federal Reserve. Host how can they manipulate or change it . Control overave shortterm Interest Rates. Longterm Interest Rates are controlled by the markets. What they can do is ultimately limit or change price stability. If they want to keep prices stable, they have to guard their own behavior. They do not want to go reckless and flood the markets with too much money, but at the same time, they do not want to be excessively in the other direction. They have to guard their own behavior. Host when you say they have control over shortterm and longterm Interest Rates, give an exemplary of how they have or could manipulate the economy. Guest what they do is they controlled the creation of the dollar. At the end of the day, they have the day, they have to printing press, so they do not create physical dollars but they can airate money out of thin and that gives them to control. When they did quantitative easing, they brought treasury securities, mor
Washington. Joining us now is Jose Miguel Cruz of Florida International university, where he is the Research Director for the latin america and caribbean center. Hes here to talk with us about the Trump Administration and gang such as ms13. Dr. Cruz, what is ms13 and where did it get its name . Guest ms13 is a gang that started in Southern California in l. A. In the early 1980s. It was originally formed by suburban immigrants coming to the United States fleeing from civil war in Central America. These fwangs started in the city and then expanded especially in Central America. Any of the people from ms13 went back to Central America, went back to el salvador where they establish and they grew up exponentially in the 1990s, especially in the 2000s. And then we have ms13 mostly in el salvador, honduras and guatemala and we have some cells of ms13 here in the United States. Its a youth gang. Its a street gang that has grown significantly in the last 20, 25 years. Host how big is it . Guest
This raid does not seem over yet. Police ordered residents to stay inside. Anyone who approached was told in n nuncertain terms to b bk away. Neighbors, many of them muslim immigrants, were evacuated by police and searched. We stopped abdul al jazeeri rushing down the street. He said in arabic he witnessed the whole thing. I saw the raid. 20 cars pass by here and then five minutes later the shooting started, he said. You heard the gunfire, i asked. I saw it with my eyes, he said. Meanwhile, the police focused on one apartment on the third floor of this building. That, neighbors say, is the apartment where the raids target were holed up. The main target, Officials Say, was abdelhamid abaaoud, the man they describe as mastermind behind the paris attacks, a Belgian National and had gone to syria to join isis and pererd in a propaganda video. It seems he managed to sneak pack into the country. As day was breaking, the rds but then several explosions echoed through the streets. Its common i