Story of the day, congressional testimony from j powell. The fed chair j powell maintains the economy is in good shape, labor market is strong with inflation coming down but the fed needs more evidence on inflation coming down before cutting interest. How much evidence . Maybe is not as much as we previously thought. More evidence that ill give us more confidence that inflation is on a path down o 2 sustainably. Not looking for better readings then we have had, but more of them and what will happen is as we go forward, 12 months will continue to drop. Because it will be lower than early last year. The first of two days of testimony before congress j powell says the fed can cut before it reaches 2 , he does not believe the economy is close to recession and higher bank capital rules could be re examined. He says it is possible before it goes to capital higher levels being withdrawn, they could be reproposed on commercial real estate. There will be losses, it is a serious problem, but mos
Good afternoon. Welcome to everyone here as well as our audience online. For those online, welcome to the eighth see csis strategic fn korea. My name is victor cha, Senior Vice President for asia and korea chair at csis, and professor at georgetown. And it is indeed my distinct privilege to introduce our keynote speaker, senator chris van hollen. Senator van hollen was elected to the u. S. Senate representing the great state of maryland in november 2016. 2016. A previous he served in the house of representatives representing marylands eighth congressional district. He currently serves as chairman of the Senate Foreign relations subcommittee on east asia, the pacific and at a National Cybersecurity policy. Senator van hollen has been a tireless advocate of a strong u. S. Korea alliance initial on the korea caucus. In the senate ds cosponsored important legislation can didnt north korean human rights abuses and imposing sanctions and banking restrictions on north korea for its proliferat
Then we would understand the burden we p put on the backs of small businesses. A couple things you would see in my bill not our plan is immediate expensing that accelerates the path of more Resources Available immediately for small businesses. The secondo say thing you would do is cut taxes. We did that in 2017. 2017. In 2017 that was one01 of the three wee believe this at the point and you can watch it in full cspan. Org. We take you live now to a forum looking at the use Korea Alliance. It is being hosted by the center for strategic and International Studies you will hear from secretary of state Antony Blinken and maryland senator chris van hollen. You are watching live coverage on cspan2. The cree Foundation Fred kempe is here dash that weve had this conference and its always been for me to highlight and is always been very important probably never as important as it is this year when you think that everything that is going on. Weve got, well, we dont really know whats going on in c
Then we would understand the burden we p put on the backs of small businesses. A couple things you would see in my bill not our plan is immediate expensing that accelerates the path of more Resources Available immediately for small businesses. The secondo say thing you would do is cut taxes. We did that in 2017. 2017. In 2017 that was one01 of the three wee believe this at the point and you can watch it in full cspan. Org. We take you live now to a forum looking at the use Korea Alliance. It is being hosted by the center for strategic and International Studies you will hear from secretary of state Antony Blinken and maryland senator chris van hollen. You are watching live coverage on cspan2. The cree Foundation Fred kempe is here dash that weve had this conference and its always been for me to highlight and is always been very important probably never as important as it is this year when you think that everything that is going on. Weve got, well, we dont really know whats going on in c
Honor guard, all five branches of the u. S. Military in position here to welcome the japanese Prime Minister, who were expecting to drive down this driveway here at the white house in just a few moments. The Prime Minister was at the u. S. Chamber of commerce earlier this morning talking about the bilateral relationship and also the importance of trade and emphasizing the fact that he doesnt think it needs to be a zero sum gain. He thinks trade can be a winwin. But he also had a comment here about production of steel by a certain country. See what country hes talking about. Translator look at steel. Overproduction in a certain country has not seized. And as a consequence, increase in export results in a depressed price for steel worldwide. Reporter and carl, we know that the president spoke to the president of china, xi jinping last night. They had a lengthy conversation, we are told in the readout. And so, clearly, there is a very diplomatic dance here going on between these three cou