Page 2 - Stimulus Programs News Today

Or lear seating? i hate to use the words, were in a vicious cycle here. im worried that not enough is getting done. ive been yelling and screaming about the fed and fighting inflation. theyre going to raise interest rates a half point soon to 1 1/4%. the ten year is 3%. so the market is yelling and screaming. they just keep saying, well follow suit and get there sometime. sometime is not soon enough. >> neil: your making a reference to the ten-year bond. right now its 3%. thats something that th...

What can the fed do? what can the white house do to try to tamp down inflation and calm those concerns about the rising prices? >> reporter: well, thats a great question. we have to remember that inflation is towel lit purview of the federal reserve even though its certainly weighing on the presidents poll numbers. price stability is what the fred is there forks and the good news is that the fed knows what to do here. they can tap on the brakes of the economy by raising interest rates and unwind...

You kat to 6% as early as we did in that didnt go up from there so i would be shocked about the first time since the second world war if it didnt go up from there. first he got to retire the word transitory. every time we in the white house say it, i was reminded of the princess bride who said you keep saying that word, i dont think it means what you think it means because its been used for eight or nine months now as the inflation has gone up but the fact is they are attacking supply and stimul...

Powell. >> but at this point the economy is very strong and inflationary pressures are high and it is, therefore, appropriate in my view to consider wrapping up the taper of our asset purchases which we actually announced at the november meeting. perhaps a few months sooner. >> so despite the concerns about covid, powell is saying the fed could actually unwind its stimulus programs earlier than expected. thats a surprise given the timing and thats not sitting very well with investors. ana, wheth...

Suggests theres price gouging going on in the oil industry. it leads one to wonder if hes going to be blaming retailers in some way for the prices going up at retail stores. i dont have any inside information. >> martha: that had been floating around a little bit, that they were going to point fingers at american companies for raising prices as the reasons for inflation. you just wonder if it didnt go well with these ceos. i dont know why they have to push it off by 48 hour or something else cam...

That you have now three different obama officials who are putting themselves very publicly on the record and saying that they are very concerned about inflation and that they think that flooding the market with dollars through all of these stimulus programs post covid is what is causing it. it seems like they are putting up alarm bells for the president and maybe for other politicians as well to give them a little wiggle room. >> you are exactly right. but the reality is when you do flood the ec...

Stocks turning positive and government bond yields inching higher. inflation has been more rapid and enduring. powell says he expects inflation to keep rising as supply issue continues and start to pull back around the middle of next year. >> joining us now. author and entrepreneur and founder of oleary financial group, the co-host of "shark tank." if you can put into english what i just explained in terms of what the fed chair did but explain whats going on in the economy as prices going up eve...

Der Chef des heimischen Baukonzerns Porr, Karl-Heinz Strauss, sieht bei den Baumaterial-Verteuerungen zum Teil bereits eine Entspannung und rechnet bis Jahresende mit Preisrückgängen, wenn auch nicht auf frühere Niveaus. Den ministeriellen Stopp von Asfinag-Straßenprojekten bezeichnete er am Donnerstag im APA-Gespräch als politische Debatte, wo eine Partei ihr Profil schärfen will - im Interesse einiger Kleingruppen zulasten der Allgemeinheit.

Nach Verlusten im Vorjahreszeitraum erwirtschaftete das Unternehmen im ersten Halbjahr einen Gewinn von 8,6 Millionen Euro.

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