today, and then he said he did not think they needed to do 50 basis points. that is one of the key questions wall street has had. how far do they go if they go on july 31? suggestions from jay powell suggest the center of the fed has not changed. they will closely monitor the data and act as appropriate, which is exactly what he said at his news conference a week ago after the fed meeting. he said the economy is in pretty good shape, describes in the same way that he did with strong consumer spending, weak business spending, concerns about trade. nothing new from powell in his remarks that would change the calculation. however, he will be taking questions from people at the council on foreign relations, so we may look for some elucidation there. vonnie: repeating again that the fed is weighing whether uncertainties call for using. call for using. call for easing. i was struck by what kathleen asked, bond buying in europe, and also japan. he made comparisons in some ways to
welcome today s counsel on international economics. i m neil irwin at the new york times and author of a new book called health when in a winner take world and i preside over today s discussion. great honor to have jerome h powell with us today and the 16th person to chair the board of governors at the federal reserve system and joins us today for the world economy and previously he was a fed governor that he worked in bipartisan policy center and u.s. treasury department and we begin with a few remarks by german powell. [applause] thank you, neil. good afternoon. it s a pleasure to be here today so i will begin with a progress report on broad public review by the federal reserve colleagues and i are conducting of the strategy, tools and mediation practices we use to achieve the objectives congress has assigned to us by law i will discuss the outlook for the u.s. economy and monetary policy and i look forward to our discussion that will follow. during our public review we
policies. he spoke at an event hosted by the council on foreign relations in new york city. this is one hour. good afternoon. welcome today s counsel on international economics. i m neil irwin at the new york times and author of a new book called health when in a winner take world and i preside over today s discussion. great honor to have jerome h powell with us today and the 16th person to chair the board of governors at the federal reserve system and joins us today for the world economy and previously he was a fed governor that he worked in bipartisan policy center and u.s. treasury department and we begin with a few remarks by german powell. [applause] thank you, neil. good afternoon. it s a pleasure to be here today so i will begin with a progress report on broad public review by the federal reserve colleagues and i are conducting of the strategy, tools and mediation practices we use to achieve the objectives congress has assigned to us by law i will discuss the out
yemulti year highs yesterday the ten-year at 3.215. a lot of comments made including from fed chairman powell saying where are nowhere near neutral rates. and if need be the fed is prepared to move past neutral. overnight in asia, check out the shanghai composite it remained close for a week-long holiday. the hang seng fared much weaker it was down by 1.73% in europe, there is some early trading taking place, right now red arrows across the board. down 1% for the ftse, also off 1% for the cac in france news just crossing at this moment, juul wants regulators to crack down on more than 15 competitors that it says infringes on its patents alleging the companies come pied the design of juul products. juul a part of the fda campaign to crack down on e-cigarettes marketing to kids. you can read a lot more about what s happening right now on cnbc.com let s tell you about stocks to watch cloudera and horton works are surging. they announced plans to merge in an all-stock deal. b
tom: let s begin our friday coverage. here are top headlines with vonnie quinn. vonnie: they would have had real snow, where beijing will have to import snow. representatives of the ecb, imf and european union are meeting in athens with the cabinet minister. tsipras made troika a dirty word during the campaign. there is a rebellion among members of his party. he told lawmakers today he never had time to lead greece out of the euro. shares of linkedin are falling in premarket trading. the professional networking website forecast revenue. there is concern that linkedin s growth is slowing down in its core business. president obama is warning that opponents of the nuclear deal with iran are putting the squeeze on congress. he held a conference call with allies last night and said supporting that it will be tough for lawmakers i can tell when they start getting squishy. a top lobbying group is pressing for the deal to be rejected. and fitness fanatics cannot get enough of sou