New economic policies are just a starting point. Alexis tsipras got praise for a fourmonth extension of the bailouts, but the central bank and others say actions speak louder than words. The head of the euro finance minister groups says greece has a turn those actions into those words into actions. It has to be happening in the next weeks or months, then there might be new money available. The question is what should we do with what has not been decided yet . Olivia imf chief Christine Lagarde says the greek proposals do not offer assurances of those reforms will happen. Brendan ukraine has shifted to a diplomatic front. Paris russia, ukraine clash over who is violating the ceasefire. The government says overnight rebels attacked Government Troops in the area near the port of mariupol. The veteran who killed chris kyle has been found guilty of murder. A jury rejected Eddie Ray Rouths insanity plea. The judge has sentenced routh to life in prison without parole. Kyle was a former navy s
Being prepared for on the sunny island of cuba. Good morning, everybody. Welcome to Market Makers. Stephanie so much to cover this morning. In just a few moments, we are going to be speaking to bill ackman about the potential fbi investigation around the company herbalife. I am going to talk Consumer Confidence. That number is out. Huge number. Scarlet this is a preliminary read of university of Michigan Consumer confidence. We have an unexpected decline. Economists were looking for the rate to stay steady. The unexpected decline has been a big semen on it big theme in Economic Data this week. When you look at the effect on markets, the market is climbing through 100. It has passed the second day. Treasury is where it was. In terms of how the equity markets are performing, you know have u. S. Stocks 0. 5 for the dow industrials. It calls into question what janet yellen the fetter doing next week. Erik scarlet fu, thank you so much. A new turn in the government investigation about herba
January the committee saw data that led it to be quite a bit more optimistic about the economic outlook. So i would say incoming data since january when our statement sounded quite an optimistic tone partly down due to weather and partly down because we probably overdid the optimism inform january, so in some sense our views have moved around here a little bit, but if we take december to march, committees views are largely unchanged. Youve served on the fed previously. Im wondering now in the past few weeks as chairwoman, whats been different about being on the fed and your responsibilities as chair compared to being just a board of governor member . Well, thanks. I feel im very lucky that ive had a lot of fed experience to draw on as i approach this role because its complicated and now in many ways i feel the buck stops with me in terms of management of the fomc and responsibility to assure that the Federal Reserve makes progress on its goals of getting the economy back on track and m
In many parts of the economy so our tools are well suited to work on that problem thats what were doing. Youre right, though, we dont the price of oil is set globally, and its not something we can affect. I think by the actions that we take, though, we help keep, you know, longer term Inflation Expectationsanchored and keep the public believing in 2 inflation by the things that we do, even in times when energys part of the story of why inflation is high. So the fed is facing two more ethics related incidents with the revision of the Financial Statements from president bostic and president bullard speaking at a closed event, so some senators like Elizabeth Warren are saying that this is a sign of greater ethics problems with the fed. Could you talk about what this does to the publicstrust in the bank and what the fed is going to prevent this kind of behavior from becoming common . Sure, so youre right the picks trust is really the feds and any Central Banks most important asset and anyt
We think that demand is moderated. Were not sure there is a great deal of money the market is very hot there are many, many job openings you think if the economy should be doing well in the second half of the year. You do see a marked slowing that is fairly broad. Well be watching that we want to see demand for a sustained period to create slack and give inflation a chance to come down. Nicole . Hi, chairman. Nicole, cnn business when does the committee expect to see a meaningful slowdown in the labor market and how much weakness with regard to slower job growth and hiring employment before it pauses or thinks about cutting rates. I think youve seen in the labor market what youve seen as a decline from very high levels of job creation last year and earlier. Job creation quite robust. Youre seeing some increase i would say also, anecdotally you hear the sort of level of concern on the part of businesses they simply cant find workers is probably down a little bit from what it was, for ex