Kth Fed News Today

This >> during the obama bide administration, we placed toug requirements on banks like silicon valley valley bank and signature bank including the dodd-frank law t make sure that the crisis we saw in 2008 would not happen again. unfortunately, the las administration rolled back som of these requirements. asking congress and the making régiss traitors to strengthen the rules of the banks to make it less likely that this kin of bank failure would happen again. and protect american jobs an small ...

Side note, i very much opposed is being renominated to th federal reserve bank and the reason was exactly this what he had done on using th opportunities he had by th change in the law in 2018 to weaken bank regulations. in my view, he was just headed in the wrong direction and thats what made him dangerous. in a position of chair of th fed. but then theres part three, and that is those executives those bank ceos who lobbie hard to yet this change in the law, those are the ones who, when the win...

Things well. i really do not. i dont have a head for this stuff. im not a person whos financially minded, at all let me just first start by asking you if ive missed ou anything important or of explain this in a way that comports with your understanding. >> no, you got it basicall right, thats a way to understand this crisis is its really got kind of three players in it. the first is congress an president trump, who said let weaken the regulation, which youve hit really hard the second part is th...

Us to a higher growth platform. sandra: theres been a lot of talk about the presidents open criticism of the federal reserve and i just -- i know you just mentioned the risk to the markets that the federal reserve poses with these interest rate hikes. the presidents been critical of the hikes, saying the only problem our economy has is the fed. and hes been critical since he took office. it was a couple years ago, he said th fed is obviously not independent. how does that open criticism from the...

Understood, judging from what weve heard from the president of the new york fed. and then second, the fed has to realize that it cannot keep a really important policy tool on automatic pilot. that it needs to be more sensitive to whats happening. and i think that the fed can regain control and we can stop the self-inflicted wounds. sandra: do you think the presidents criticism of jerome powell and his actions as the federal reserve chairman, are they warranted? >> no, i think the president has a...

This country where wall street is reflecting the actions of the white house and congress, perhaps in a bigger way than we have seen historically. can you weigh in on that? and sort of provide some clarity on what were seeing in the markets today. >> to understand what is happening on wall street, and that is volatility, unsettling volatility and the worst december in history, you have to look beyond washington. yes, washington is an added factor, but there are three things going on. one, the glo...

This country where wall street is reflecting the actions of the white house and congress, perhaps in a bigger way than we have seen historically. can you weigh in on that? and sort of provide some clarity on what were seeing in the markets today. >> to understand what is happening on wall street, and that is volatility, unsettling volatility and the worst december in history, you have to look beyond washington. yes, washington is an added factor, but there are three things going on. one, the glo...

Us to a higher growth platform. sandra: theres been a lot of talk about the presidents open criticism of the federal reserve and i just -- i know you just mentioned the risk to the markets that the federal reserve poses with these interest rate hikes. the presidents been critical of the hikes, saying the only problem our economy has is the fed. and hes been critical since he took office. it was a couple years ago, he said th fed is obviously not independent. how does that open criticism from the...

Understood, judging from what weve heard from the president of the new york fed. and then second, the fed has to realize that it cannot keep a really important policy tool on automatic pilot. that it needs to be more sensitive to whats happening. and i think that the fed can regain control and we can stop the self-inflicted wounds. sandra: do you think the presidents criticism of jerome powell and his actions as the federal reserve chairman, are they warranted? >> no, i think the president has a...

This country where wall street is reflecting the actions of the white house and congress, perhaps in a bigger way than we have seen historically. can you weigh in on that? and sort of provide some clarity on what were seeing in the markets today. >> to understand what is happening on wall street, and that is volatility, unsettling volatility and the worst december in history, you have to look beyond washington. yes, washington is an added factor, but there are three things going on. one, the glo...