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Readiness of our u. S. Armed forces. Today we are joined by nearly 1000 who have registered for this very important event. Despite our attention being focused on other things in the lead up to the election there may be no more vital of a topic for our country then this. Americans have had the good fortune of living in unparalleled freedom and prosperity for nearly 250 years and these gifts are maintained by a powerful and ready military that prevents our adversaries from destroying what so many of us as americans have had the opportunity to experience. President Ronald Reagan said that a truly successful military is one that because of its strength and ability and dedication wouldnt be called because no one would dare provoke it. He calls it peace through strength and that is how we won the cold war against the biggest enemy in history. Yet, in a time when those nations are reeling from a deadly disease outbreak, racial unrest and ....
Attention to what is happening. Very much what we did earlier. This is it this is what Christine Lagarde says the central bank will do. The governing council will carefully assess incoming information, including developments in the Exchange Rate when it comes to simplifications for the mediumterm inflation outlook. Christine lagarde, president , speaking earlier and joining us now. Christine lagarde basically indicates it is ok until there is an impact on inflation. Three ways the ecb can talk about currency. They can talk about principles, how it is not a part of their policy. They get seriously concerned about the movement currency and it could lead to price stability or the aims to achieve inflation goals being undermined. We can go back to worrying more about covid19, more about the growth prospects, rather than ecb getting too worried today. Whenever you see a headline ....
And joint chiefs of staff chair general mark milley were on capitol hill to testify on the president s 2021 budget request for the pentagon. They were also asked about military modernization efforts and defense funds being diverted from border wall construction being diverted for border wall construction. [indiscernible conversations] [indiscernible conversations] the Committee Meets today to receive testimony for the 2021 budget request. We welcome our witnesses and thank them for their service. After mark esper and general mark milley. Top priority is ensuring the effectiveness and implementation of the National Defense strategy. Unfortunately under the last administration, we asked our military to do more with less, and that got us into trouble and 2017. 12 we lost 150 billion to sequestration. Our forces were devastated. I think we all understand that. As a result, whe ....