Her term ands in february. Inwhen her term ends february. The committee will come to order. The chair is authorized to declare a recess of the committee at any time. Members will have five legislative days to submit extraneous materials for the record. This is the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy on the estate on the state of the economy. Recognize myself for an opening statement. Since we last convened on Monetary Policy, there have been encouraging economic headlines. Onfidence is up unemployment remains low, as does inflation. But it rests too much on incredibly low participation payment high disability participation rights. Both paychecks and savings for working Americans Still have room to grow after eight years of distortionary Economic Policy under the Previous Administration. On the fiscal front, help is on the way. House republicans have passed the American Health care act to l
We have your markets, your news. Geopolitics. But first, here is Sebastian Salek. Has founddent obama his successor, donald trump, after the republican accused him of hobbling the transition to his administration. Trump told reporters gathered at his maralago resort in florida that we had a very nice conversation. It started with a tweet that alleged inflammatory statements and roadblocks. That brought tensions between the men into the open less than a month before inauguration day. Strain u. S. Israeli ties have reached another low as secretary of state john kerry and Prime Minister Benjamin Netanyahu traded blame over a stalled middle east peace process. In a speech yesterday, kerry a two state solution to the israelipalestinian conflict is increasingly out of reach. President elect trump promised a fresh start. Netanyahu accused john kerry of antiisrael bias. Netanyahu israelis do not need to be lectured about peace by foreign leaders. Israels hand has been extended in peace to its
So he saw very much as a social world that is an Incredible Connection with the past. He had a desk in 1939 of course, George Orwell through the story that i tell so i think that is that part of the book. Thankyou so much. Ladies and gentlemen, with that connectedness and contagion. Here it is. If you did not notice we have copies for sale you are welcome to buy a copy into autograph them during the reception that will follow immediately after the panel. And here we are to discuss a very old problem. Lately how best to survive financial old panics across the centuries and servile the contagion of fear and distrust as they try to withdraw from risk to protect themselves irrational strategy but much more pressing with scholarly detail what were they able to do with the next panic . That most assuredly will arrive sooner or later. Two centuries ago they accurately observed, on extraordinary occasions a general panic may seize the country when they possess themselves of preciousmetals and
Welcome, ladies and gentlemen, to our discussion of health scotts new book, connectedness and contagion. Here it is. If you didnt notice, we have copies for sale. Its my pleasure to remind that youre welcome to buy a copy and how will be available to autograph them. Here we are in aei stylish new Conference Center to discuss a very old problem, namely how best to survive panics of which there have been many across the centuries and survive fear and distrust when financial actors try to withdraw to protect themselves, a rational strategy for each but as we all know not when they all do it at the same time. Highly interested historically but much more pressing when we consider as his book does in detail and what should we do in the next panic which would surely arrive sooner or later. Two centuries ago David Ricardo observed a general panic may seize the country when everyone becomes desirous of treasury metals, banks have no security on any system, that is to say the private banks on th
A warm welcome to those waking up in the United States. I managed words. This is pulse bang. Anna edwards. This is pulse bang. The pulse. Hans nichols is on the ground following developments in berlin. Spoken to the Ukrainian Foreign minister. Said there wasn moderate progress. He was very careful and he delineated where the progress is. It is difficult to see after five hours of talks last night in berlin just where precisely Real Progress was made. Maybe a little bit on border security, controlling the border. Both Foreign Ministers said that some progress had been made there. The Ukrainian Foreign minister really made a point that all of the actions all of the words that were committed last night need to be followed up with actions. That is a crucial point. At this point, we have talks that the foreign minister level. The ukrainian swap this to escalate and they want them at the president ial level. Mr. Poroshenko and mr. Putin. That is where the decisions are being made. On this cr