Page 44 - Fed Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stocks set and opening higher this morning. we aren't expecting investors to make any really big moves until they hear from fed chief ben bernanke. he'll be delivering his semi-annual testimony before congress today. also tomorrow. you can bet those questions from lawmakers will focus a lot on unemployment in this country, the outlook for the overall economy and interest rates from the fed. what happened last week that's really going to play in here, the fed surprised wall street. they raised the interest rate that they charge banks for emergency loans. a lot of focus on that today expected as...

Jerome powell the new fed chief started on the job yesterday. he has a real tough job ahead of heim here if this economy really does start to overheat. >> do you want to look at the dow futures now? do you do it second by second? >> i do look at them 374 right now. s&p futures are down more than a percent. percentage is really important here. in 1987 when we were all in diapers. >> diapers. >> the percentage drop for the s&p was something like 22%. >> right. >> a 4% move is a very big deal, no question, but we have gone up for so long this is maybe getting back to some reality here. another ri...

Outside now. >> who is michael anglo in this scenario? >> you. >> we have really gone off of the deep end here, but what has happened over just the last 24 hours or so is so stunning and now you have bannon in this interview, we don't know about him, but he is out of the running to become fed chief, is that a coincidence. >> my understanding is that he saw gary cohen going out, giving that interview to the financial times, criticizing him for the response in the wake of charlottesville. as wildly inappropriate.

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To expire and have the biggest tax cut in the history of our country? no. >> you mean a tax increase is your point? >> a tax increase. i'm sorry. we thought that the better way to do that was to limit the deductions and credits, the so-called loopholes, derive the revenue that way and in doing so you could both reduce some of the rates and have enough revenue to actually apply it to deficit reduction. that amount was $250 billion. >> the bush tax cuts, though, i come back to, because real deficit hawks, many of them happen to be republicans, alan greenspan, former fed chief, michael bloomberg,...