Jury will come to order. Senator brown has been delayed a bit but im going to go ahead because as i think most people realize we had to readjust the time of the hearing to accommodate the fact that both have been called on the floor at 1030. That means senators will really need to stick to their five minutes and even then we may not get through for everyone and i apologize. I will stick around for 15 or 20 minutes into the first boat so we can go as long as we possibly can. I will wave my questions. I wont waive my introductory misstatement and i will start with that right now. Welcome, chairman powell today the Federal Reserve chairman Jerome Powell update the command Monetary Policy development in the state of the us economy. Us economy continues to expand in 2019 exceeding 2 growth for the Third Straight year as the American People enjoyed to the longest continued economic expansion in american history. The labor market is strong with the labor force at an alltime high of 164 millio
You are to ask why writing about liberty at this point but i want to get to a short piece of the book. You write the need for telling the story now is what i see around me this is the most confused historical time i have lived in with a haggard establishment, and Americas National ebola what else are you saying here . Guest i am just trying to direct our attention away, for a moment, from the political mania 363 has surrounded us for days this year so far and counting. We have two more to go. Wednesday we start all over again. I want to dig a break from that id have us look at 400 flash want to take a break from that and have us look at 400 years with the engagement of the idea of liberty. My argument is that is the essence of america, our nationalism. It is the exceptional american ideal. It is something americans have been talking about, writing about, fighting for 44 centuries. For book takes fighting four four centuries. All lay down principles that affect us and liberate us today,
The u. S. And the consumer at times. And did somebody say recession . Let us talk about these issues with larry kudlow. Please welcome them. [applause] hello, larry. Please take a seat and make yourself comfortable. Let us jump right into it as we have a lot of news this morning. They pelosi Just Announced democrats and administration have reached an agreement on the deal. Exicocanada how good is this for the rest of us . For the u. S. Economy . Will this make a difference . And is it any better than nafta . Mr. Kudlow i think it is better than nafta. I think it is broader than nafta. It updates nafta. Particularly in some important new economy ways. The way this was designed by ambassador like kaiser ambassador robert lighthizer, in a bipartisan sense, you have domestic content and labor issues which have been resolved. You also have new economy issues in particular intellectual Property Rights which have never been put in one of these trade agreements before. I think financial and Di
But on my left we have texas land commissioner george p. Bush who is here speaking on behalf of the bush brand. [applause] susan page is the Washington Bureau chief for usa today and author of the recent and currently, i guess, still bestselling biography of barbara bush called the matriarch. And michael beschloss, one of the wonderful president ial authors who has written so many things, so many books. I will be asking you about some of the stuff i found in my old wellworn copy of character above all. The first thing id like to ask all of you, we lost barbara bush and george bush just so close together, what kind of reassessment do you think this has brought for the country as to, you know, what the bush name stood for and, you know, what the significance really was of all the work that they did in so many arenas of Public Service . Mr. Bush well, looking back on now. It was world war ii generation. It wasnt about them as individuals. It was the turning of the page of our countrys his
With the managing director of the International Monetary fund, who spoke at the annual wall street journal ceo council. She is the managing director of the International Monetary fund speak at the annual ceo Council Meeting in washington, d. C. Give us a primer on the u. S. Economy talking about the international economy. Kristalina georgieva is the managing director of the new chief of the imf. Lets see what her prognosis is for markets outside the United States. [applause] happy to have you here. Lets get right into it. We had an upbeat view of the us economy and complaints about the global economy. Lets start with the u. S. Despite everything we have seen a slowdown in us growth this year and a slump in manufacturing, decline in business investment. From your perch, what is your outlook for the us economy in the coming years . The us is in a good place. People in this room have contributed to that, the longest in history, expansion, lowest in the last 50 years. To see that wages, an