Today. The most powerful central banker on the planet was on capitol hill and acknowledged the uneven recovery in the u. S. Economy. Global Economic Risks and lackluster growth here in the u. S. Yellen reiterated her outlook that the central bank will eventually raise Interest Rates, but gradually, and only if the headwinds she sees start to ebb, and there are a lot of them. Steve liesman has more on the fed chiefs testimony. Reporter in testimony before the senate today, fed chair janet yellen reinforcing caution over the nearterm outlook for the u. S. Economy. She emphasized the uncertainty of the brexit vote this thursday, the recent slowdown in u. S. Job growth, and Global Economic weakness. A uk vote to exit the European Union could have significant economic for all of these reasons, the committee is closely monitoring Global Economic and financial developments and their implications for domestic economic activity, labor marks, and inflation. Reporter longer term the fed chair thi
On the planet was on capitol hill and acknowledged the uneven recovery in the u. S. Economy. Global Economic Risks and lackluster growth here in the u. S. Yellen reiterated her outlook that the central bank will eventually raise Interest Rates, but gradually, and only if the headwinds she sees start to ebb, and there are a lot of them. Steve liesman has more on the fed chiefs testimony. Reporter in testimony before the senate today, fed chair janet yellen reinforcing caution over the nearterm outlook for the u. S. Economy. She emphasized t t the uncertai of the brexit vote this thursday, the recent slowdown in u. S. Job growth, and Global Economic weakness. A uk vote to exit the European Union could have significant economic for all of these reasons, the committee is closely monitoring Global Economic and financial developments and their implications for domestic economic activity, labor marks, and inflation. Reporter longer term the fed chair thinks the u. S. Will overcome these chall
On the planet was on capitol hill and acknowledged the uneven recovery in the u. S. Economy. Global Economic Risks and lackluster growth here in the u. S. Yellen reiterated her outlook that the central bank will eventually raise Interest Rates, but gradually, and only if the headwinds she sees start to ebb, and there are a lot of them. Steve liesman has more on the fed chiefs testimony. Reporter in testimony before the senate today, fed chair janet yellen reinforcing caution over the nearterm outlook for the u. S. Economy. She emphasized the uncertainty of the brexit vote this thursday, the recent slowdown in u. S. Job growth, and Global Economic weakness. A uk vote to exit the European Union could have significant economic for all of these reasons, the committee is closely monitoring Global Economic and financial developments and their implications for domestic economic activity, labor marks, and inflation. Reporter longer term the fed chair thinks the u. S. Will overcome these challe
Without any notification, its just unacceptable. Only on 5 00, sticker shock, tens of thousands of residents are fuming tonight over an increase in their utility bills. Theyre mayor is blaming on it a Computer Software issue and the residents are not falling for it and call for a full investigation. We have been dig into this story all day, and joe caused a hike in bills. Reporter the city hall here looking for answers here and i sat down with the mayor who said he will solve the problems. Being a homeowner and a Business Owner its doubly hard for us. They have been running salon here for years and now the cost of trash and sewer is downed. Address the true problems were having can the major bills and the meters being incorrect in my opinion. Reporter and they run all the utility increase here and not through the association. I think there needs to be an investigation. Reporter they said they should have been notified of th meetings. For us not to be told without any notification is un
Happy friday and welcome to squawk alley. Working on her fourth hour of television. Its friday luckily. It is friday. First up today tired of shelling out hundreds of dollars a year to rent that cable box . Federal regulators seeking to increase competition and choice. Voting to adopt a proposal that will let people swap out those boxes for cheaper apps for Companies Like google. Its good to have you back. Good morning to you. Good morning. Party lines really didnt surprise anybody. But what was the remedy in your view. The descenting view. Its not to introduce a number of boxes into consumers homes. And get rid of the box entirely and let an app convert any tablet or laptop or smartphone into a navigation device. Thats the future to me. Right now though, the situation at home is clunky, its cumbersome. Your view it seems is hey this problem is solving itself. This will take three years to actually hash it out. I dont like having the cable box and the apple tv box and the amazon Fire T