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Business washington impact campaign, which is a yearlong programming series. For more information on this series, view the url on the back of the card. Grateful tolarly the person who runs Public Policy and was instrumental in organizing todays conversation. Now i would like to introduce the global and u. S. Managing harder for health care. She will be offering a few remarks before we begin. She has been representing Health Care Clients for more than 25 years. She has worked with Academic Medical Centers and managed care organizations. Please join me in welcoming and anne. [applause] thank you eric for cohosting this. The space is gorgeous. We are pleased at how everything turned out. This is the first one of this kind that we have posted and we would like to do more in the future. I am pleased to present o ....
Expansion near its 2 objective. All right. Lets begin our coverage with msnbcs david who joins us from the floor of the new york stock exchange. The chart, david, showed a big pop when the Federal Reserve suggested that 2 would look at economic data, the hint being that if the economy weakens a little bit, the fed will perhaps lower Interest Rates a little bit like the president wants. But it wasnt actually a very big reaction. No, youre right. So what were talking about here, ali, is fed policy and fed politics. So lets start with what we learned today. The if ed is going to keep rates where they are. This is very much a wait and see approach. And when jay powell followed this with a statement, he said his overarching goal is to sustain the economy we have right now with the feds folkused on maximum employment and a inflation rate of 2 . The focus here very much is on whats ....
I love my colleague kasie hunt even more now. Jut Department Lawyer claiming hicks thats immunity from answering questions since she used to be a member of the executive branch, an argument democrats say is bogus. Im watching obstruction of justice in action. You have the white house inserting immunity which is not a thing, it doesnt exist. You have to ask the question, what are they trying to hide from the American People . It just take its to the court and waste taxpayers dollars and you will just see the president say, this is taking too long, and the reason its taking too long is because its a team of obstructers. The president is continuing to engage in a coverup to try to prevent congress from finding the facts. Theres no question democratless contindemocrats will continue to push for answers from hicks from her time from the white house. Shes a key witness who is c ....
Have banking relationships. however, now i want to move over to the rate for a 30-year fixed mortgage, the expense a lot of people has. that chart looks different all of a sudden. the 30-year fixed mortgage has not been going up or down with the fed rates, and in fact over the last several years, still been a pretty good deal. exactly. one of the main transmission mechanisms, everyone talks about the stock market and all of that kind of stuff and it s a split issue the fed has. the consumer seems to be doing okay and they re worried about a pullback that would undermine the consumer. but the fact people refinance their homes, which they have been doing in droves, and we saw longer-term rates come back down and they locked and loaded on a lower rate. that s very important to the fed. that also is a stimulus transmission mechanism that s much more powerful. diane swan, thank you for talking to me, chief economist ....