Point this year. But Stanley Fisher made it clear that the path ahead will be anything but smo and st. Louis fed president James Bullard also warned of potential volatility. But this time in the equity markets as the Federal Reserve gets ready to raise its benchmark Interest Rate. The temper tantrum in the summer of 2013 was all about markets being surprised that the fed was going to pull back on qe sooner than it thought. There was a mismatch between what markets thought and what the fed thought. And we do have some potential for that today. Steve liesman has more on vice chair fishers speech today in new york and the road ahead for rates. Reporter Federal Reserve vice chairman Stanley Fisher said the fed will likely hike Interest Rates this year but gave no clue as to what month, if he said it was june or september or some date in between or some date after, that essentially the increase will be from a fund rate to a low funds rate. Heres how he put it. When we raise the Interest Rat
Point this year. But Stanley Fisher made it clear that the path ahead will be anything but smo and st. Louis fed president James Bullard also warned of potential volatility. But this time in the equity markets as the Federal Reserve gets ready to raise its benchmark Interest Rate. The temper tantrum in the summer of 2013 was all about markets being surprised that the fed was going to pull back on qe sooner than it thought. There was a mismatch between what markets thought and what the fed thought. And we do have some potential for that today. Steve liesman has more on vice chair fishers speech today in new york and the road ahead for rates. Reporter Federal Reserve vice chairman Stanley Fisher said the fed will likely hike Interest Rates this year but gave no clue as to what month, if he said it was june or september or some date in between or some date after, that essentially the increase will be from a fund rate to a low funds rate. Heres how he put it. When we raise the Interest Rat
Point this year. But Stanley Fisher made it clear that the path ahead will be anything but smo and st. Louis fed president James Bullard also warned of potential volatility. But this time in the equity markets as the Federal Reserve gets ready to raise its benchmark Interest Rate. The temper tantrum in the summer of 2013 was all about markets being surprised that the fed was going to pull back on qe sooner than it thought. There was a mismatch between what markets thought and what the fed thought. And we do have some potential for that today. Steve liesman has more on vice chair fishers speech today in new york and the road ahead for rates. Reporter Federal Reserve vice chairman Stanley Fisher said the fed will likely hike Interest Rates this year but gave no clue as to what month, if he said it was june or september or some date in between or some date after, that essentially the increase will be from a fund rate to a low funds rate. Heres how he put it. When we raise the Interest Rat
Behind closed doors, much of that time reportedly spent refusing to answer questions. Bannon talked about his time on the trump campaign, but then refused to discuss the transition or his time in the west wing of the white house. Thats what earned him a subpoena, issued right there on the spot as Kristen Welker and mike menlie reports tonight. Steve bannon told lawmakers that the white house instructed him not to answer questions related to his tenure as a Top White House adviser. Prompting a rare subpoena to compel testimony. It was apparently not enough to compel bannon who reportedly continued to refuse to talk about conversations even outside the west wing. The scope of this assertion of privilege if thats what it is is breathtaking. If the white house is permitted to maintain that kind of a gag rule on a witness, no congressional investigation could ever be effective. This obviously cant stand. We expect to have mr. Bannon back in, we hope very soon with a different position by th
Good evening once again for our nbc news headquarters in new york. Day 362 of the Trump Administration finds one of the president s closest former aids the subject of not one but two subpoenas in the russia investigation. What did they ask you . What did they ask you in there . What did they ask you in the meeting, mr. Bannon. That was just tonight on capitol hill. Former white house chief strategist steve bannon leaving after 9 1 2 hours in front of the House Intelligence Committee. Behind closed doors, much of that time reportedly spent refusing to answer questions. Bannon talked about his time on the trump campaign, but then refused to discuss the transition or his time in the west wing of the white house. Thats what earned him a subpoena, issued right there on the spot as Kristen Welker and mike menlie reports tonight. Steve bannon told lawmakers that the white house instructed him not to answer questions related to his tenure as a Top White House adviser. Prompting a rare subpoena