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MSNBC Symone June 4, 2024 20:39:00

You saw no resistance, as you just said, as the wagner group zoomed up the highway towards moscow. there wasn t a sense that there was, you know, you are about to get a bunch of russian that they were about to be met by russian military troops before they got to moscow. and that s because the russian military is overstretched right now. they can barely handle ukraine, let alone the wagner group, which they should. i mean, prigozhin, over the past months, has been sort of forecasting that he s about to make a move. u.s. intel agencies were aware that something was about to happen for several days, and possibly, weeks before. and so, this isn t something that should have come as that much of a surprise. sergei shoigu, who is the russian defense minister was, and valery gerasimov, who is the russian general, the chief of armed forces, the russian ....

Running Russia , Alex Wagner , There Wasn T A , Highway Towards Moscow , Western Capital , Russian Military , U S , Yevgeny Prigozhin , Sergei Shoigu , Valery Gerasimov , Isn T , Canadian Armed Forces , Defense Minister ,

BBCNEWS Nicky Campbell June 4, 2024 09:06:00

Look at what is driving inflation it is things like the cost of air travel, recreational activities, so they are trying to dampen demand, which should bring prices down domestically, but if they do too much then just like domestically, but if they do too much thenjust like in domestically, but if they do too much then just like in the early 19805 it could take the economy into recession. it was only a couple of months ago that the forecasting proved, because we were facing a recession this year, but that a couple of months ago the forecast essentially said it would be stagnant but we would not face a recession, so it is pretty delicate and fragile and the central bank will find it really hard to find that interest rate thatjust dampens demand enough but does not tip the economy into recession. economy into recession. people are sa in: it economy into recession. people are saying it could economy into recession. people are saying it could go economy into recession. people are sayin ....

Air Travel , Interest Rate , Central Bank , Pit Economy , 15 75 ,

BBCNEWS BBC News Now June 4, 2024 13:10:00

Clearly went wrong in your forecasting and are we now seeing the consequences? we forecasting and are we now seeing the consequences? forecasting and are we now seeing the consequences? we are going to hold a review. the consequences? we are going to hold a review, external the consequences? we are going to hold a review, external review, - the consequences? we are going to hold a review, external review, andj hold a review, external review, and forecasting has been very difficult, an area with big things going on around the world, with the war and the pandemic, and we need to understand how we can best respond to those shocks. i would say that within this in terms of tackling inflation, we have now raised interest rates by nearly 5% in 18 months, so we have taken decisive action. . ~ , ., , action. the markets right now, they think they will action. the markets right now, they think they will be action. the markets right now, they think they will be more action. the markets ....

External Review , Andj Hold A Review , Interest Rates , Tackling Inflation , Rate Hikes ,

BBCNEWS Newsnight June 4, 2024 21:43:00

The government is heading towards a general election with no real agency or control of this. what i m saying is, is that global interest rates have been behind the curve. this is notjust a bank of england issue. but when it comes to the bank of england, many of us have been saying for a little while now that, come on, raise your game, you re too far behind the curve on inflation, and now we re paying the price. let us hope that the steps, sincerely hope the steps the bank has taken now, when it comes to a fundamental review of how it conducts its forecasting, pays off. but they ve got to get on with the job and they ve got to do it quickly. danny blanchflower was a member of the bank of england monetary policy committee, which sets interest rates during the last financial crisis and is an economics professor at dartmouth college. thank you forjoining us on newsnight. do i understand, professor, that you think it will ....

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BBCNEWS Newsnight June 4, 2024 21:46:00

Need to raise rates now, and in a sense in addition to what ben chu was saying, what you need to do is wait and wait for the interest rate rises, 13 in a row, to take effect. do you still believe those bank of england projections? because asjohn baron was saying, they were slow to acknowledge we were getting into heightened inflation and they have been predicting a steeper fall than has transpired, so they don t seem to be great forecasters? the forecasting to be great forecasters? the forecasting of to be great forecasters? the forecasting of the to be great forecasters? tue: forecasting of the bank of to be great forecasters? tt9: forecasting of the bank of england was the bugbear of my life. remember that they completely missed the great recession in 2008 and we see no real improvement there. i think the answer is that there have been continuing shocks hitting the system, i think the answer is inflation is going to eventually go away and in all probability within two years, an ....

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