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Policy correspondent. This is more than the fed might have done. Michael last time i remember a 50 basis point cut was 2001 no, 2008. , the initial cut the last time no, 2008,rise the initial cut. The last time we had a surprise rate cut was 2001. When they do it before the markets open, heres the money quote. Coronavirusout the posing evolving risk to economic activity, and say in light of these risks and in support of achieving its maximum employment and price stability goals, the committee decided today to lower the target rates for the federal funds rate by one half 1. 25 . Age point to a major move by the fed today to put a floor under markets and maybe try to get ahead of any damage out there, although, as a lot of people will tell you, it isnt clear that the fed is going to be able to really do a lot with this except help the markets. The statement goes on to say the committee is closely monitoring developments and their implications for the economic outlook, and will use their ....
Haj please welcome the Heritage Foundation executive Vice President kim holmes. A nice rainy day outside and everybody is all bunched together to keep warm. Good morning everybody. How is everybody this morning . Governor welcome to the the Heritage Foundation it is a pleasure to have you here. Its a pleasure to welcome governor mike of alaska. And he will be speaking on the budget spending and what alaska can provide the nation as an example. Governor done was elected as governor of alaska 2018 hes had had a very career in alaska since arrival there in 1983 from working in a logging camp and southeast, alaska. To pursuing his dream in an educationer career as a teacher. He has a unique insight into alaskas communities due to his two decades of service there. He also served for five years as an alaska state sen ....
[inaudible conversations] hello and welcome to the 22nd annual texas book festival. We are delighted to have you here and what a great crowd to join the discussion we three grade books, three great books from three grade authors. The texas book festival is a Nonprofit Organization. It proceeds go to support low income public schools. The festival is also created the opportunity at each Cash Register you can donate 15 to support Harvey Relief efforts, so please be generous and think about all the ways in which the book festival can multiply your support to very important and then think about the victims with all the disasters this year. A reminder to please answer phones and id be very much appreciated. After the session the authors will be in the book tend to sign their books. We encourage everyone to make her way ....
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A group of lawmakers is proposing legislation aimed at cracking down on what they call financial “enablers” that help shield the movement of wealth by foreign clients into the United States. ....