Outlook for the economy is strengthened since december. Greater confidence that inflation will rise. Additional headlines, mike and morgan, about nbs, the agree to which they were a success says the new normal for a Balance Sheet to be around 2. 5 to 3 trillion and the emphasis by powell on the strength of the economy, the tail winds, the fact that perhaps the low inflation is transitory that was a take away too in response to representative maloney, she asked if were on pace for three rate hikes . He said well see over the next couple weeks what is submitted in terms of projections. But since the last round, you see continuing strength in labor market stronger economy, signs that inflation could be moving closer to target. More stimulative physical policy thats really when you saw markets begin to move lower. Lets bring in our senior economics reporter Steve Liesman who can help us understand what this may mean for the march meeting as we watch the odds closely today, steve. Good poin
Good morning. Happy friday welcome to Worldwide Exchange. Im sara eisen im dominic chu in for wilfred frost. We are starting your weekend off with taylors swift single called gorgeous. Taylor swifts new single are not like they used to be i dont know ill give it a chance to grow on me we are seeing action in u. S. Equity futures after that late senate vote that cleared the way for reconciliation dow futures are higher, up 80 points s p up 4. 5 nasdaq up 12 points. The nasdaq yesterday was the only one to close lower. The tech selloff led the nas da down the dow and s p finished in record territory yet again the party keeps going. Among the reasons for the jump in futures, big news out of washington the Senate Passing a budget resolution late last night among prartity lines that final vote was 5149. Senator rand paul was the only republican to vote against it. This is a crucial step towards that president s goal of passing a tax plan for this year senator als will have to reconce their
Getting a feel for things. A young product developer is helping people with hearing disabilities. Reaching out. Japaneseamericans concerned with some of Donald Trumps rhetoric are lending support to another minority community. Lee is suspected of bribery and embezzlement in connection with a political Corruption Scandal thats engulfed south korea. A special Prosecutors Team requested lees arrest warrants on monday. The team accuses his business, Samsung Group, of offering bribes to two foundations and a company in germany. Prosecutors say they amounted to over 36 million. They suspect lee embezzled more than 8 million of that. All the entities suspected receiving the bribes were created or controlled by choi soonsil, a longtime friend of the president. The Prosecutors Team says they can prove choi shared some of the money with President Park geunhye. Investigators allege in return for the bribes the president ial office supported a merger between Samsung Group companies. They believe i
The next stage of this. They are also looking into areas of basically continuous processing cycle in order to support that. So next in and im hoping eventually the board would be able to see their bitmap of the war. Basically you touch anything on the map and it will show you where you are invested in. What reason, what country, what is the specific location and what is the specific company. That is a level of big data that they are headed towards. Also i was going to add their current platform is very sophisticated Compliance Mechanism so they are reporting. That was my next question. As i look through this research [inaudible] b and y malin and i guess i could not find a whole lot under diversity practice. To me a little about the diversity and their practices as i could not find a lot on the website. They are here today. If they want to enter that iraq. I think there are 45 here. At least two are women. So we got the helpful spirit i would like to know in terms of for example the [i
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is