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Is returning to a moderate pace. She said the fed needed to verify the expected acceleration in growth and now she isnt acknowledging that may not happen at all. Important change in language and important shift in tone for the fed and for janet yellen. The speech that she is about to couple contains a little of bombshells that help explain why. First, janet yellen now admits that Larry Summers and other prominent ecommerc economist my crisisperi t a post period may be here to stay. Admits the he also Financial Market volatility that has made it so far for the fed hard for the fed to control the economy and to raise rates is partly a consequence of what she calls accommodated Monetary Policy. Low rates can be selfdefeating. They indirectly create a barrier to higher rates. Finally, i like to draw your attention to the < ....
Addressing his departure on twitter this morning. And brexit polls from the uk cant seem to lock down which way thursday will go. And then theres George Sorros issuing a major warning against a departure, even David Beckham is weighing in. But first up in about an hour from now on capitol hill fed chair yellen will kick off two days of semiannual testimony on Monetary Policy and the economy. Today its before the Senate Banking committee which is expected to grill her on everything from rates to brexit. Of course well bring you live coverage once the fed chair begins her remarks followed by the q a session with lawmakers. Some discussion it might be more contentious than usual even with her recent comments in the meeting last week. On both sides a lot of people saying ....
Hearing with Federal Reserve chair Janet Yellen King underway momentarily. Yellen getting underway momentarily. [gavel strikes] today we received testimony from Federal Reserve chair janet yellen regarding the fed semiannual report on Monetary Policy. While Humphrey Hawkins testimony is a key part of congresss oversight of our nations centralbank, it is not sufficient to provide congress and the American Public with a full picture of said policymaking. Best of said policymaking. I have often remarked on the importance of strength the importance of transparency. One of the feds reasoning for maintaining independence is to avoid a little sizi avoid ....
Nicole lets check out oil prices. West texas 49. 17 at 16 cents. Lauren u. S. Stock market futures ahead of the opening bell. A muted session in the end, but today dow futures done 20 points and s p futures down three. Nicole the yen continues for the third day, moving higher on the delay of the sales tax increase 29 teen and stock mix right now. Shanghai composite index up half a percent. The nikkei down 2. 3 . Lauren in sports, the penguin beat the sharks taken a two games to none lead and thats the french open. Both williams sisters played yesterday. One of them won, one of them lost. All of that coming up in sports. Nicole is 5 01 a. M. Welcome to fbn am, your first look at todays markets, the latest breaking news and what to expect that they had. Lauren a stunning turn of events picked the state department admitted unintentionally deleted several minutes of video footage from a 2013 press briefing very top spokeswoman need to embellish misleading the press over the iran nuclear de ....
That atlanta has and the priorities you have, how do you strategize on the investments in your people and where you are really putting the massive effort. Mayor we try to perform along the lines of excellence. What we are doing right now is trying to make sure that we have the bench strength to execute while knowing that the city is one of the biggest multipliers for the economy. Is ayou want in a city fair referee and someone that runs a city so that a city does the thing it should do well. Exciting time in the life of atlanta. I have about 9000 employees, 8000 on any given day. What youre having is youre having all of the amazing employees who have done the good and noble work of Public Servants for years, but you have a new generation of individuals interested in Public Service, and who may have had a wonderful private sector career, but because they actually wanted to sp ....