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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:10:00

Curve and why should americans have confidence that the fed is on track right now? i m not going to comment on federal reserve policy, that is the independence that we here at the white house have from the federal reserve. but i will say that the inflation we re facing right now is due to the pandemic which was 100 you know that once in a 100 year catastrophe which affected the entire world. it is why we see inflation afflicting it is a global problem. and it has been exacerbated by russia s unprovoked war against ukraine. so the federal reserve has been looking at the data from a position where our economy is very unusual because we just haven t been here before. but they are focused on trying to address this. yes, it is not a given that they will be able to pull this off without causing without causing recession. but because of the buffer that was generated by the historic growth that we had last year, the very strong labor market that we ve got, there is a path ....

U S , White House , Haven T , Labor Market ,

MSNBC MSNBC Reports June 4, 2024 15:15:00

Aggressive monetary response to the pandemic which gave households and businesses the resources to get through the pandemic. that s what fueled the record growth last year, and that s what continues to give fuel the record labor market we have. we ve got a strong labor market. that s why household balance sheets i know they re struggling and inflation is a problem, balance sheets addressing inflation are higher than they were at the beginning of the pandemic. we see business spending and investment continue. we have a buffer for the fed to raise interest rates. they will be trying to cool down the economy. we already see their attempts to do so are in the mix. we re seeing some signs of cooling. and what the president was voicing is that given our buffer, given that we come into this from a position of strong economic growth, that the fed can cool the economy without causing us to have the hard landing that many people are fearing. so talking about spending, talking about investi ....

Labor Market , Business Spending , Household Balance Sheets , Balance Sheets , Interest Rates ,

CNN CNN Newsroom With Pamela Brown June 4, 2024 23:36:00

In hindsight because the data come in with a bit of a lag. to help people understand about this, we wrote a blog we posted on the council of economic advisers website late last week people can find where we talked about the fact in the first two quarters of the year, the first half of the year where we have data, if you look at the variables that the business cycle dating committee uses they tend to look pretty good. consumer spending, as i mentioned, i quoted something from a bank call that was just from last week, so that s pretty up to date. consumer spending remains solid in part because both families and businesses have pretty solid balance sheets right now. savings are still pretty pretty accelerated. so if you look at consumer spending and if you look at jobs, this very strong job market in the background, that s a very useful buffer. but, look, nobody including especially the white house and especially joe biden is going to sugar coat any of this. we know exactly where we ....

Council Of Economic Advisers , Consumer Spending , Business Cycle Dating Committee , Bank Call , Balance Sheets , Pamela Brown , White House , Joe Biden , Job Market , Sugar Coat ,

Indian Railways suffer Rs 259.44 cr loss due to agitations against Agnipath Scheme

Indian Railways suffered a loss of Rs 259.44 crores due to damage and destruction of its assets in agitations against the Agnipath Scheme, Union Railway Minister Ashwini Vaishnav told the Rajya Sabha on Friday. ....

Rajnath Singh , Akhilesh Prasad Singh , Ashwini Vaishnav , Seva Nidhi , Government Railway Police , Railway Protection Force , Union Railway , District Police , Indian Railways , Agnipath Scheme , Union Railway Minister Ashwini Vaishnav , Rajya Sabha , Seventh Schedule , Railway Police , State Police , Railways Act , Defence Minister Rajnath Singh , 59 44 , Ews India ,

MSNBC All In With Chris Hayes June 4, 2024 00:25:00

Are being probably gated, that is the fundamental question. and the worry is that in creating this extra step, garland is saying it s on me, when he is the political appointee. right. i think that, ideally, in a case involving either, the sitting president, a former president, or a future candidate for president, you want more of a buffer between the attorney general, and the decision makers. not that he should not be notified, or be aware, but that you want some objective distance. those decisions on whether to pursue that case, being made by independent decision makers, who do not have the appearance of self interest. special counsel regulations are there to do exactly this. ideally, and the situation, you move it into that realm. if you want to move it into that realm, you can imagine more carefully designed policy. for example, when such an ....

Merrick Garland , William Barr , Decision Makers , Self Interest ,