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You know its been a tough day in the markets when we bust out prince yep, investors were crying as the brandnew fed chairman, Jerome Powell testified before the House Financial Services committee for the first time in his new role and sounded hawkish than they were expecting sent the dow down 300 points steve. Cant get over the prince reference. Respect. Very cool. Heres the question will powell be singing a different do you know on thursday you know, thats possible fed chair j powell was doing just fine in the testimony until congresswoman maloney asked him what would change the rate hike for...

Being against a rate hike and accepting its not inevitability are two very different things. We need to understand the difference. While you may not like it, you need to start accepting it. First, he get that we cant have ultralow rates forever, even if theyre good for the stock market for the duration. Eventually too much money chases too few goods and we get inflation. Inflation is pernicious. There are reasons weve never had ultralow rates forever. It has to do with the inevitable debasement of our money and dramatic decline in our purchasing power. The fed has two mandates, promote an envi...

And dog fights. A feud between pita and sara palin gets nastier and even more personal. She joins us live today, tuesday, january 6th, 2015. Good morning everyone. Welcome to today on a chilly Tuesday Morning. 21 degrees outside and that is headed down. 60 in new york city sunday. 21 today, getting colder. Snow on the way. Wipe that smile off your face. Exactly. Really do. Lets show you whats going on right now. Again, weve got another arctic high and weve got reinforcing cold air behind that. We are going to be watching this strong High Pressure build in. Weve got windchill washrnings stretch...

Son get nastier and even more personal and she will take on her critics when she joins us live today, tuesday, january 6th, 2015. Announcer from nbc news this is today with matt lauer and Savannah Guthrie live from studio 1a in Rockefeller Plaza. Good morning, everyone. Welcome to today on a chilly Tuesday Morning. Did you catch that . 21 degrees outside. That is headed down that temperature. It was 60 in new york city sunday. 21 today. Getting colder. Snow on the way. Wipe that smile off your face. Exactly. I feel really bad. I really do. Lets see whats going on. Another arctic high and reinf...

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