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Back and realize what s happening in the republican party. this is not a function of the republican party, it s a function of no matter what you give, them they need a narrative to say face back home, and it s not to be a couple million dollars for a hospital, for this or that. which is notable, because that s the kind of horse trading that i think is defensible. i got a hospital built, i ve got a bridge there is a time for the more majority of american history, that s the way the politics work, they taken a german, kevin mccarthy sits down with them and buys people of. now, though, it s all about pride and theater, so they need a narrative to hide behind, and i think that s what they re trying to craft. what s everyone is discounting, ....
So the strength of the dollar is making life harderfor many outside of the united states. but how much of that is to do with the central bank there, the federal reserve, raising interest rates? and how much is it to do with the struggles of other economies dealing with the covid pandemic and now the war in ukraine? well, london, it s one of the world s major currency trading hubs. so i ve been to the offices of the us investment banking giantjp morgan to catch up with its co head of currency strategies. meera chandan, a real pleasure having you on my show. thanks so much forjoining me. and mera, i vejust shown our viewers an explainer of why the dollar is so high. but what does it mean for the global economy, a very strong dollar? a strong dollar does lead to several pressure points. i mean, firstly, let s talk about what it means for the us. for the us, a stronger dollar means firstly slower growth and on the margin, higher inflation. now clearly, this is what the fed is going for as ....
I mean, this is a function of, the dollar is a function in part of what the fed is doing. and the fed s main policy objective right now is to lower inflation in the us. and if it comes at a cost, that is, slower growth, well, they re willing to incur that cost and they ve told us that. outside the us, i think that s where there is greater pain because there are countries, obviously, the flipside of a strong dollar is weaker currencies for the rest of the world. and there, the policymakers are struggling more because obviously everybody is trying to get inflation to be lower, and if their currencies are weakening, that actually puts an upward pressure on inflation. if countries are feeling the pain, suffering from a strong dollar, i was going to ask you, if anything they could do about it? they could either raise interest rates, so that attracts foreign capital flows but obviously, that comes at a cost and in an environment in which global growth is weakening, the other part of that pol ....
Defend the constitution, these folks are trained in military activity and their oath is to defend their own particular version of the constitution which sees the president as a usurper and that is so they justify the actions that they took to trade to prevent his taking office. took to trade to prevent his takin: office. ~ ., ., taking office. when asked about this before. taking office. when asked about this before, the taking office. when asked about this before, the people - this before, the people actually entered the capital moment which he did not, had gone off mission were not acting on his orders. that is one defence, but if you look at previous cases that have been brought against malicious and groups like this in the past. they are difficult to convict in terms ofjury trials. for the reason be for that? i think it is a function the reason be for that? i think it is a function of the reason be for that? i think it is a function of how - the reason be for that? i think ....
A half years to complete, that is double since just last year. now, as another grouch migrants is making its way to the u.s. southern border, the biden white house is not shifting gears. mixed messages from the biden administration. the 12,000 haitians released into the u.s. after illegally crossing is an appropriate figure. the numbers that are placed in immigration court proceedings have a function of, um, our operational capacity, um, and, also what we consider to be appropriate. but more shouldn t come for the same treatment. they should not take, um, the journey. the white house says this is not a problem unique to president biden. until we have an asylum processing system that works at the border, we are going to continue to see sick ling kel cl ....