The schedule we are going to start on time. The new time. On behalf of myself and bob bauer who is my supremely wise, talented and collegial codirector of the nyu law schools legislative and regulatory process clinic i wanted to welcome you here today to the fourth o year of the for. We are joined this year by another nyu law entity, the reef center on law and security, a nonpartisan multidisciplinary institute and the director, rachel, who is here has been invaluable in helping pull together the program for this afternoon. This b forum would not be possie without the generous support of sibley austin, a Renowned International law firm and so it gives me great pleasure to introduce to you, peter who is a partner in the chicago office. He knows a lot about what we are talking about today. He served his district in illinois in the u. S. House of representatives for six terms, from 20072019. During that time he held a number of very significant positions. One of those most pertinent to wh
Dissents was back in 2016 when there was a vote of no change, they wanted to hike. The projections show a very divided Federal Reserve. Seven fomc members forecast a third cut this year. That is one more from where we are now. That would bring the rate down to 1. 63 or the average rate. Five members see no need for any cuts at all. They didnt even want the one today. If everybody had a vote. Not all the members vote it would have been five dissents from today if they voted that way and five more forecast just the one cut this year. Put it all together and do all the imagine. The median is at this is it in terms of cuts thats the median of the funds rate forecast for the Federal Reserve. That said, the plurality does see one more cut coming which is seven, does it include the chairman we dont know. Thats going to be important now, the fed also lowered the interest on excess reserves, and another administrative rate in order to atept to get ahold of the fed funds rate, which as weve been
I came away with a couple different impressions. First of all Artificial Intelligence was everything. Every panel, every roundtable, every discussion centered around Artificial Intelligence. People like to raise Artificial Intelligence really when its not even speak as we believe this but you can finishwatchingd take you live to discussion of the Banking System and Financial Services sector with Bank Executives and former regulators. You are watching live coverage on cspan2. 1300 bankers state Association Leaders independence day. Even more watching on our liveke out of your busy schedules to add your voice, your advocacy efforts. I also want to walk members of the media who are joining us, and i would like to extend a special thanks to the members of congress, regulars and other es our program over the next few days. This event is all about advocacy. Its about dimmest setting to the policy community that bankers are committed to working constructively toward a policy environment that
Seven words, im Jonathan Ferro. U. S. Retail sales before we get there, an ecb retail story. It deadline for taking on the detroit three. Tom ill start with the cut up clock for inflation, people digging into inflation, could be shows many significant disinflation and that is what Christine Lagarde is to confront. If there is rates, are they doing the wrong time . Jonathan we are split down the middle. Tom citigroup, bnp paribas, there is a long list and i think that list is growing after we heard the last couple of days. Lisa the market has been pressing since the midyear that the ecb is would you raise rates for the current 3. 75 . The question is how are they going to do it . Are they going to into get a hold and then indicate theyre going to raise rates further . Is there any variation from that particular iteration of decisions . Tom American Airlines and what we are seeing there, i think Helane Becker joins us today, but there is disinflation in the air and yet in europe we are t
Also ahead iran threatens a crushing response of President Trump drops his support for its two thousand and fifteen nuclear agreement. Some cars push for independence almost banning it said the lessons of the countrys civil war of being forgotten and hollywood heavyweights condemn a disgraced movie producer of a Sexual Harassment allegations. Turkeys decision to hes president rather has described a u. S. Decision to suspend most Visa Services for turkish citizens of abscessing the phrase is in response to the arrest of a u. S. Consulate employee and as bold accused of links to last years failed coup immediately imposed for tat measures suspending its all and Visa Services in the u. S. And reports from washington d. C. After the arrest of a worker at the u. S. Embassy in ankara and a warrant issued for another the u. S. Took the unusual step of saying they would stop issuing visas for some turkish nationals traveling to america the first explanation was posted by the u. S. Ambassador to