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Taylor rule, how would would that impede your response to such a crisis . The taylor rule would tell us that it should depend on only two variables the current level of real gdp or the out put gap and the current level of inflation. It obviously wouldnt take into account in any way our judgments about growth in the Global Economy how we expected the european economy would be affected or Global Financial markets by these such developments. So in that sense it really restricts any simple rule restricts the setting of Monetary Policy to a very short list of variables and typically there are current values. Thats one of the reasons. We spent spend a great deal of time and the forecast that we include in our Monetary Policy report that the participants right down, we ....
It is a big day for the bank of England Governor Mark carney. A report is starting less than an hour from now. Topping lists the banks Interest Rates and new forecast on the agenda. Republican president ial candidates will debate for the first time tonight at 9 00 eastern on national television, and 9 of them will be trying to stop donald trump from stealing the spotlight. He is dominating polls heading into the debate on fox. One republican strategists said survivalists must tread lightly. Time,has a set amount of six and half, eight minutes to engage in the audience something about you, your policy, and why you watch to be the next president of the United States and why we should vote for you. To waste time going after trump that will burn up a lot of those minutes. At the same time, if he goes after you, you can ....
Competing for the limelight. A great exclusive with Vladimir Putin, that it is also jobs day. People want to see the indication of what the fed will do. Tom right. 8 30, but on jobs at certainly the putin interview is front and center. There are a lot of different themes here, francine, not only what he said but what he didnt say as well. Francine right. And it was a twohour interview so we have a lot to get through. Lets get now to the bloomberg first word news with emma chandra. Emma for more on that interview, russia wants to compromise in the dispute with japan, that stretches back more than 70 years. At the end of world war ii, the soviet union occupied four small japanese islands. In an exquisite interview, Vladimir Putin says he wants to develop a longterm relationship. [speaking russian] there is a discussion of this topic, and we did that, we met them halfway. Withe ....