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He warned of the negative impacts of long and deep recessions but express confidence in a few years the u. S. Could return to Economic Prosperity once the virus is under control. His remarks came during an eventood hosted by the Peterson Institute institute for international economics. Good morning and welcome to the Peterson Institute. Im adam, the institutes reserv president and it is my pleasure and privilege to, the honorable serv Jerome Powell of the Federal Reserve. Manyved as of you know ...

Here its a similar story in the u. S. , our high after going to the past 10 00, but within the s p, you still have the down names doing the best. Is the second best, it remains to be seen if there is any sort of substantial rally or just a rally within a bear market. You can see that reflected in other asset classes, 25 billion worth of supply coming online in just about two hours. Of the threeyear, it is doing continues to roll over today after yesterday. At the bestlding on performing within t...

I first want to express my appreciation to our leadership. I have been in daily, almost hourly communication with senator schumer, and i know how hard hes worked to make sure that package really reaches the medical emergency that we have, that deals with the workers to make sure that they are protected and they are protected and whatever we do that provides the help for state and local governments, that provides the much needed attention to these particular issues and that we have accountability...

We know that. They are very concerned about their own health. Theyre worried that the may be carrying the virus when you take it home to the elderly parent who could come down with the virus. They are worried about how long this social distancing and commuting from home, staying at home is going to be required in order to control the spread of the virus. They are worried about their economic circumstances, whether theyre going to get a paycheck. And i am pleased that today we have an agreementrd...

Coronavirus briefing with vermont governor phil scott to keep longterm commitment to coverage of the us senate. You can watch the remainder of this briefing on cspan. Org. Senate lawmakers are completing work on the third coronavirus economics to me was plan, final vote on the bill is expected today. Now live coverage of the u. S. Senate on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. O g...

Futures trading was halted yo ed overnight. If were down 7 , you halt for 15 minutes down 13 , you halt for another 15 minutes if down 20 , you halt the remainder of the day some people wonder how long we will be trading at the open. Yeah. Look, i think the problem is twofold no one thought oil was coming. Theres a very, very different approach by some to whats happening with the virus some people are saying not enough others are saying, listen, were making too much of it. Im in the distinct not...

The Senate Banking committee thato the Senate Banking commite that the cf pp director to capitol hill to answer questions. Spinnaker hearing will go toward her. Today we will receive testimony from cfp direct her Kathy Kraninger. Including the rulemaking seemed supervisory regulatory activities. The report also provides insight into what the cfpb plans to undertake in the upcoming were period. Consumer protection is vital for the properly functioning Financial Market it is best determined by the...

Activities. The report also provides insight into what the cfpb plans to undertake in the upcoming were period. Consumer protection is vital for the properly functioning Financial Market it is best determined by the robust quantitative analysis. Under director and Kathy Kraningers leadership ensures that they are datadriven, appropriately tailored to satisfy the obligations and based on sound evidence and legal support. Thereve been promising changes that are cfpb leadership under Kathy Kraninge...

Crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what Pre...

Crisis. 1000point days were multiplied all week this week for joining me right now to discuss the chaotic week for the markets is the Hudson Institute director for chinese strategy michael pillsbury. Always good to see a thank you mr. Entrance arch for joining us. We talk about markets in the comic backed up coming up with Robert Kaplan but let me first get your take on the coronavirus and i your in touch with the administration. Tell us about the u. S. s response to the coronavirus and what Pre...