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Every other participant on the fomc at least once per cycle. I think this arrangement i reserve banks around the country and seven governors guarantees that we will have a diverse view of perspectives around the table. The reserve Bank President s are chosen by their boards of directors who are largely privatesector people but with the approval of the board. I think this system guarantees a diversity of opinions. There is that risk of groupthink. If everyone went to the same schools, took the same professors we dont have that. We have people coming in every eight weeks with a different views, and i would not have it any other way. I spent a lot of years in the investment business. What you really want before you make an investment is to have the smartest person in the room try to explain why this is a bad idea. Not after you make the investment, but before. I place huge value on that. I have terrific colleagues on the fomc and i r ....
Philip millsteen family, roslyn p. Walter. Additional support is provided by and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. From the tish wnet studios at Lincoln Center in new york. Good evening. Thanks for joining us. Senate majority leader harry reid and Senate Minority leader Mitch Mcconnell spoke again today in the latest efforts to avert a u. S. Government default, an event some warn could seriously damage the world which i. The deadline to increase the debt ceiling is now little more than 71 hours away. Today the head of the International Monetary fund issued a new warning about the dangers of a default. If theres that degree of disruption, that lack of certainty, that lack of ....
Behind a Buckhead condominium is an overgrown cemetery where more than 300 Black people, some of them from slavery times, are buried. Descendants are ....