Our conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and authored paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap. Or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard whos with the peterson institute, formerly of the International Monetary fund and m. I. T. Loretta mester, and ben beg your pardon ben bernanke, our colleague here at brookings, paul krugman, the economist at the university of new york and columnist for the New York Times. Krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind
A busy day in washington plus, the president is abroad, hes in paris for his third foreign trip were going to hear from him multiple times in the next few hour what retail pain target boosts its outlook as traffics improving. And a live and exclusive interview with the cbs chairman and ceo, Leslie Moonves in the next few minutes busy day on capitol hill fed chair yellen returns for a second day of testimony, later in this hour, this time before Senate Banking her comments on rates sparked the dows rally to that record high also this morning, Senate Republicans set to unveil their revised Health Care Bill, and the cbo will release its analysis of the president s fiscal 18 budget. Some questions about whether or not the House Freedom caucus is going to vote for this, unless there are specifics on Corporate Tax rates and more well, look, i still think that its interesting that the fed comes to capitol hill and the second comes were looking at the data, we may do this, do the right thing i
Thats not going to happen on the supply side. History is replete with examples where we dont get the kinds of growth effects. I agree but moreover, were going to have moreover, were going to lose much needed revenue i think thats really a problem. You and i might agree that if were going to improve the supply side of the economy, one of the things we need to do is infrastructure investment. It is hard to do that if youre hemorrhaging, you know, red ink because you cut taxes by trillions of dollars without getting merely the growth effects that you and art and steve are advertising. Okay. Remember, on infrastructure, Trump Administration approach, no legislation yet, is private partner. And theyre saying private public rather. And theyre saying that number, a trillion dollars over x amount of years we dont really know. Only a small percentage of that is going to government from government spending. The rest is supposed to come from private spending. I agree with you that going from 40 t
Displaced in the worst floods it hit malaysia in over a decade. In a deeper look, we investigate what a higher minimum wage would mean for americas economy. We begin this hour with breaking news. Reports that an air asia has gone missing. Air asia qz 8501 was travelling from indonesian city of surabaya to singapore. We understand air Traffic Control lost contact with the aircraft around 7 25am local time it went missing over four hours ago, more than 150 people including passengers and crew are on board. Its reported that the plane lost contact near belaton island. An air asia has gone missing. Qz8501 near belatong island. Well update you with more information as soon as we get it. The other top story, fellow officers paying respects to explain n. Y. P. D. Officer rafael ramos. After the Church Service his wife and children were presented with the burial flag. Vice President Joe Biden and new york Governor Cuomo were among thosualo guising the officer. New york city new york city mayor
Week. We cant let that happen. Hopefully george is looking down right now and saying, it is a great thing that is happening for our country, theres a great day for him, it is a great day for everybody. It is a great day for everybody. This is a great, great day in terms of equality. It is really what our constitution requires and it is what our country is all about. Joining me now is my coanchor for the next two hours, katy tur. Not surprised that the president is ecstatic about getting that betterthanexpected number. We are going to go right into this and lets go back to the unexpectedly positive job numbers out today, showing in may the u. S. Economy added 2. 5 million jobs. Additionally the Unemployment Rate fell down to 13. 3 . Look, thats extremely high but the fact it fell is a big deal, surprising when you see the weektoweek numbers because tens of millions still remain out of work. Obviously the president celebrated this news with a press conference this morning before departin