Accommodative policy and more from that interview with Christine Lagarde stepping down from the imf taking the top job of the ecb president in november take a listen to her view of the u. S. Economy right now its the longest period of growth in our country. The unemployment numbers are at rock bottom. Its in a very good place. Her thoughts on trade, china, and the likelihood of a global recession all coming up. First, mark tepper, ceo of Strategic Wealth partners, welcome back youve been surprised, impressed at the resilience of the market during september, which is not seasonally a very strong month september a usually a very sleepy month historically. Its down somewhere between half a percent and a percent, but so far this month, were up about 2 , so thats pretty good. I feel like were in a tina situation, where theres really no better laplace to invest your monday yields have come down on bonds its really not interesting to invest in the euro zone. Tina, there isno alternative. Ther
Those stories and more tonight for nightly Business Report, on wednesday, august 17th. Good evening, everyone, and welcome. A house divided. That is the unmistakable conclusion to be drawn from todays release of the minutes of the latest meeting of Federal Reserve policy makers last month. Several members of the Interest Rate setting open Market Committee felt an urgent need to raise rates soon. Others said, not so fast. Lets wait for more data, especially on inflation, which remains below the feds target. But investors, of course, dont have the luxury of waiting. Hampton pearson reports tonight from washington on the fed and the mixed reporter when Monetary Policy makers met in late june, job growth had rebounded and market tuberculos, following the june 23rd vote by Great Britain to leave the european union, had subsided. So janet yellin and her fellow Monetary Policy makers concluded, quote, another interest in the fed funds rate was or would soon be warranted. But there was no cons
Those stories and more tonight for nightly Business Report, on wednesday, august 17th. Good evening, everyone, and welcome. A house divided. That is the unmistakable conclusion to be drawn from todays release of the minutes of the latest meeting of Federal Reserve policy makers last month. Several members of the Interest Rate setting open Market Committee felt an urgent need to raise rates soon. Others said, not so fast. Lets wait for more data, especially on inflation, which remains below the feds target. But investors, of course, dont have the luxury of waiting. Hampton pearson reports tonight from washington on the fed and the mixed reporter when Monetary Policy makers met in late june, job growth had rebounded and market tuberculos, following the june 23rd vote by Great Britain to leave the european union, had subsided. So janet yellin and her fellow Monetary Policy makers concluded, quote, another interest in the fed funds rate was or would soon be warranted. But there was no cons
For nightly Business Report, on wednesday, august 17th. Good evening, everyone, and welcome. A house divided. That is the unmistakable conclusion to be drawn from todays release of the minutes of the latest meeting of Federal Reserve policy makers last month. Several members of the Interest Rate setting open Market Committee felt an urgent need to raise rates soon. Others said, not so fast. Lets wait for more data, especially on inflation, which remains below the feds target. But investors, of course, dont have the luxury of waiting. Hampton pearson reports tonight from washington on the fed and the mixed reporter when Monetary Policy makers met in late june, job growth had rebounded and market tuberculos, following the june 23rd vote by Great Britain to leave the european union, had subsided. So janet yellin and her fellow Monetary Policy makers concluded, quote, another interest in the fed funds rate was or would soon be warranted. But there was no consensus on timing. And a split on
The only reason we ever allowed that vote on that proposal, as i said at that time, was that we knew it didnt pass constitutional muster and that democrats were really serious they would proceed to a revenue bill that originated in the house, as the constitution requires, and as i called on them to do again last week. To repeat, the socalled senate bill is nothing more than a glorified sense of the Senate Resolution so lets put that convenient talking point aside from here on out. Last night i told the president wed be happy to look at whatever he proposes, but the truth is were coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. And republicans arent about to write a blank check for anything Senate Democrats put forward just because we find ourselves at the edge of the cliff. That wouldnt be fair to the American People. That having been said, well see what the president has to propose. Members on both sides of the aisle will revi