Kansas citys economic symposium titled, navigating the decade ahead. Implications for Monetary Policy. Name is esther george, president of the kansas city fed. Im pleased to be joined by Federal Reserve chairman jay powell as well as many of my colleagues from the Federal Reserve and by other central bankers, academics, public and private Sector Economists and members of the news media. Foras been our custom nearly four decades to welcome you to beautiful jackson hole, wyoming, part of the region served by the kansas city fed. Returning forward to to that setting next year. Format, instead of expressing my gratitude to those who travel around the globe to attend the symposium while managing jet lag, i will offer my appreciation to those attempting to manage local time zone where the current time now ranges from 6 00 a. M. Thursday to 1 00 a. M. Friday. This year has been an extraordinary one for Monetary Policy and central banking. Many of the issues that weve talked about for some tim
New york, Edward Lawrence in washington. But jackie, we start with you. Reporter can we say party like it is 1999 . Fourth quarter 1999 is the last time we saw a quarter this good. That is positive given the fact weve been through so much this year because of the coronavirus pandemic. You can see the dow is up 17. 7 for the second quarter. S p 500 almost 20 . And the nasdaq composite, really the winner there, 30 for the second quarter. So we are watching those numbers as were processing what happened today, a 215 point gain on the Dow Jones Industrial average. Youre seeing more optimism in this market. Youre seeing investors digest some of the news about the spike in coronavirus cases. And seeing some hope in this as we move forward, that hospitalizations are down and it may not be illness has to run its course. Theyre taking it in stride at least for today, to close the quarter. Meantime i want to talk about another merge are potentially happening in the space, in the field today. I s
There. Every hour of the day this is our to international my names you know. Your company our top story its a landmark day for nato leaders all of the Member States are gathering in the u. K. To celebrate their military alliance. We asked people in london for their thoughts on nato. Today. People what they think are the main 3 achievements. In terms of achievement. I dont know what its about having no idea of any advantage of nato but you know i honestly dont know anything about it until the flag seal the day and only my husband recognize what it was who its a good question but let me think a little bit. So its probably yeah to be honest i dont have i dont have even one. But a lot of awareness about nato and its policies has not phase the alone its cheap about this by growing divisions within the organization itself as an appearance be looking into. How to best day nato thats 70 years of strategic economic and security stability especially if you ask them yourself nato is the most succ
Is the most important concern of our region. Of course, the greatest concern of the people of our region is the haqavah. The capacity of the system should be special, god willing , we will definitely follow up on this, but in the matter of culture, as i said , educational justice is the biggest demand of the people in different sections of the people, and the most important economic challenge in your constituency. What is the priority of your work, unfortunately, with the good age phenomenon that is 25 in recent years, the main occupation of the people of sistan region , which was agriculture, Animal Husbandry and fishing, has disappeared. The huge opportunity that we have in the region is the opportunity of the border, which can alleviate some of the peoples sufferings. Therefore, god willing, with the followup that we will have in the discussion of the future, that in the discussion of Drinking Water and the discussion of the environment should create a space where people can live in
It is not formed, entering into this issue can cause Serious Problems in the country. An issue that exists in the field of economics has been debated for a long time. It was the discussion of petrochemical feed, which some believed should be at the global price , while others believed in other formulas. What do you believe in . You see, the issue is that if these products are going to be produced in the country, in fact it should be explained and the iranian consumer will use it, it should definitely be at the prices that the iranian consumer can buy it, but in the discussion of the part that is going to be exported abroad , it should definitely be made available to them based on the global food prices. Do you agree or disagree with increasing the retirement age . I disagree. I am because it takes the opportunity of employment from our young people , also people who are actually old, experience has shown that their performance is lower in terms of productivity due to their old age and