Why they will not do it. Bill dudley has an understandable position. Most of the people in jackson hole are muted. The World Economy is going to a slump and the u. S. May be slowing down as well because of the president straight all of these. The fed is not going to get involved in the politics of making trait decisions. Jay powell on saturday on friday said setting trade policy is the business of congress and the administration, not the fed. Our assignment is to use Monetary Policy to foster our statutory goals, which are maximum employment and stable prices. Kevin despite all of the political snafus around the central bank, confidence declined less than forecast. We are getting new numbers that would suggest consumers are not feeling the recession fears as much as we anticipated. Michael certainly not as much as wall street. What may have happened is companies stopped up a lot ahead of the tariffs imposed and we see that in the inventory numbers. As though start to work down, prices
The president of the Social Security works joining us in d. C. The budget and entitlement policy director. Thank you for giving us your time today. Thank you for having me. But can we start with a little bit about your organizations but also the perspective your organization brings to the topic of Social Security. I worked for the cato institute, which is a libertarian think tank. We advise congress and administration of Public Policy and we have a long history of Social Security known for the plan to support private accounts. And we are building a new model at this time. Social security works. I realized there was a lot of misinformation and supposed to provide a sense of security. I forms this organization to educate everyone. The Social Security administration put out new information about the status of the program and just to summarize, you both know this as well. Currently able to pay 100 of benefits. After that the income will pay 79 . The projected fund can pay 100 of total sche
Many thanks to all of you for being here this evening. Thank you for joining us. Thank you so much for your time and being so generous with your most precious commodity, which is your time. [applause] be safe everybody. House Majority Leader Kevin Mccarthy and House Minority whip have been leading a congressional delegation to read hurricane to examine recovery efforts. This weekend, puerto ricos resident commissioner shared several photos on twitter of her and house colleagues, including this one with the u. S. Coast guard, while getting a tour of the florida keys. While members also received a briefing from the coast guard and fema. Tuesday. Returns on the agenda, extending funding for the Childrens Health insurance program, a repeal of the Health Care Law of the independent advisory board. A republican tax reform bill is set to be announced. You can watch the house live here on cspan. The sun is back monday for judicial nominations, including Circuit Court nominees. Is confirmed, al
You can also post your thoughts on facebook and twitter. We are cspanwj. We look forward to your postings and tweets. You are not, if registered as a democrat but vote regularly as a democrat, that is the line to use or you. Same for republicans. We will get to your comments in a moment. Part of our conversation reflected in a poll in sundays Washington Post. Just messed up. We told you about the lead on that. Conductedthis poll, nine months into trumps tumultuous presidency reveals a starkly pessimistic view of u. S. Politics, widespread distrust of political leaders, and their ability to compromise and an erosion of pride in the way democracy works. We will focus on your thoughts on your Political Party and whether that represents your views. Wall street journal had an article about the democratic side of things to their headline democrats struggle with their own tea party moment. Janet hope writing that six democrats are challenging an incumbent publican in next years midterm electi
Full spectrum of policy issues. My expertise is in federal audit matter and im glad to be here today. The center for American Progress is a progressive think tank, also covering wide range of issue. I cover budget policy, i get to work with subject Matter Experts across a whole range of issues. I will start with remain at first. The house has been in control for some time now. Also underite house control of the parties. Is this budget a continuation of the budgets we had seen or are there noticeable differences . Notable differences include reconciliation package. Is from congress supposed to cut 200 billion in what are called autopilot or entitlement spending program. That is the biggest proposal to cut these programs that we have seen it yet. Vehicle alsoiation includes concessions for tax reform. You can clearly see the house gop is setting up for tax reform packets with the president , trying to do so while also cutting spending at the same time. What are noticeable differences if