32 95 cents, plus shipping and handling. Every purchase supports our nonprofit operation. Scan the code on the right or go to cspanshop. Org to preorder your copy today for delivery this spring. I9 and now, Federal Reserve chair Jerome Powell testifying on the fed semiannual Monetary Policy report before the House Financial Services committee. He says that Economic Activity expanded at a strong pace over the past year with inflation lowering, unemployment and the u. S. Economy performing better than other countries. He also touched on the status of Interest Rates. This is about three hours. We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in which to submit extraneous materials for inclusion in record. I will note at the outset, we have a hard stop at 1 00 p. M. To the observed. I see chairman powell smile. Thats three hours. I will know recognize myself
We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are monetary report. Without objection, all members have five days in ich to submit extraneous materials for inclusion in the record. I will note at the outset, we ve a hardobserved. I see chairman powell smile. Thats three hours. I will know recognize myself for the opening statement. In june of 2023, the conversation in washingtons concerning inflation shifted significantly. Not because of the lectionary fire has been extinguished. From the most recent data available, food cost is up 21 as President Biden took office. Energy costs are up more than 32 . Shelter costs are of more than 19 and you will pay 37 more for a dozen eggs in america today. As we said in january, people are still paying more for the basics of life and the prices they are paying are still high. And they arent happy about it, as you know, it is our colleagues know. But according to the Biden Administration, t
Impacts the Monetary Policy path. And we have an exclusive interview from aspen. With apple the market value is said to drop with concerns over its sales outlook. Amazon soars. From washington im kailey leinz with guy johnson area but come to bloomberg markets, happy friday and happy jobs day to you. Guy im not sure i am happy about what has happened with what we see today. This week has been about abbasid massive move in the bond market. Is this because of the payroll number or because everyone has been selling all week . That is critical. And then you look at the wage data you had lot highlighted in the headlines, does that tell us the fed will struggle to get down to 2 anytime soon and if that is the case, should the bond market be adjusting to that . Im not sure our understanding has taken note big leap forward in terms of the evolution of the economy and what is happening with the labor market. Kailey good point. Two fridays ago the 10 year yield was 3. 83. We are still at 4. 11 w
A higher price to pay if you have a sweet tooth. Price is a soaring chocolate make, has a feeding the hungry call to employees close to half of indias workforce, but generates less than 20 percent of g d. P. Millions of small hold of farmers who have seen the yields and incomes full, demanding support from the government. Prime minister and run the movie needs the vote soon as he seeks to extend his decade in office, but keeping them happy. Well, thats been a challenge. Actual time of age reports engulfed into your gas. These farmers have been marching to new delhi, demanding guaranteed across the prices are request, the government refuses to give them, but it is the duty of the government that they should give us minimum support price. We are demanding minimum support price for 23. 00 crops. If they agree to it, entire nation will be prosperous. Our entire families will be employed. For weeks, farmers across india had been taken to the streets. They are unhappy with the conditions pro
Frustrated the agricultural workers. Also this week, japanese consumers are coming back on spending that japan slipped into recession, lost its ranking, as well as the largest economy plus a high, a price to pay if you have a sweet tooth coke. Our prices of soaring chocolate make is feeding the hungry call to employees close to half of indias workforce, but generates less than 20 percent of g d. P. Millions of small hold. The farmers who have seen the yields and incomes full, demanding support from the government, Prime Minister and run the movie, needs the vote soon as he seeks to extend this decade in office. But keeping them happy. Well, thats been a challenge. Actual time of age reports engulfed into your gas. These farmers have been marching to new delhi, demanding guaranteed across the prices are requests the government to refuse this demand. But it is the duty of the government that they should give us minimum support price. We are demanding minimum support price for 23. 00 krup