Arrival . First we start off with what were calling judgment day for the rally. The fed is expected to announce the end of the experiment known as qe. The beginning of the end starts tomorrow this as stocks hit a fresh record high, today the dow higher for eight straight sessions what will the fed do how will the market react tomorrow guy adami. I do think its extraordinarily important. Dan is going to yell at me i hope he does. If the fed were to have made this move a few years ago it could have caused a dramatic move in the equities market. The market is telling us now that were going to move from monetary stimulus to hopefully fiscal stimulus. I said to wait for me to finish. I think thats what the market is pricing theyre saying, theres a very good chance that President Trump and his administration will put through some of the initiatives that they want and this is why i think the market maintains its alltime high despite the fact that the fed is now reversing what has been eight y
Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y
Welcome chair yellen promoting Economic Growth this a top priority for the committee in congress we have been encouraged to see stakeholders carefully evaluate current laws and regulations since the last hearing in february there have been numerous developments to impact Economic Growth legislation with more than 100 submissions from the stakeholders are listed on the committees website if you are interested to put together legislation the committee has held numerous hearings and federal financial regulators issued the second report and the Treasury Department issued the first report on the Core Principles of Financial Regulation in addition members on both sides have expressed interest to help find and the economy to improve the Bipartisan Legislation continues to build them particular interest finding Bipartisan Solutions to change of threshold and stress test fix the volcker rule and simplified small bank capital rules these are just a few of the issues raised in recent months in wi
Welcome chair yellen promoting Economic Growth this a top priority for the committee in congress we have been encouraged to see stakeholders carefully evaluate current laws and regulations since the last hearing in february there have been numerous developments to impact Economic Growth legislation with more than 100 submissions from the stakeholders are listed on the committees website if you are interested to put together legislation the committee has held numerous hearings and federal financial regulators issued the second report and the Treasury Department issued the first report on the Core Principles of Financial Regulation in addition members on both sides have expressed interest to help find and the economy to improve the Bipartisan Legislation continues to build them particular interest finding Bipartisan Solutions to change of threshold and stress test fix the volcker rule and simplified small bank capital rules these are just a few of the issues raised in recent months in wi
Governor powell gave he outlined a few principles for Housing Finance reform. As part of the discussion he explained it was important to do three things. To do whatever we can to make the possibility of future housing bailouts as remote as possible, to change the system to attract large amounts of private capital, and to identify and build upon areas of bipartisan agreement. Do you agree with these principles . Yes, i do, chair. I would support the principles that governor powell put forward and its something that i hope that congress will move to in the near future. I know the answer but like to have you say it do you agree with the urgency he expressed and many of us expressed about the need to act . Yes. I mean its been almost a decade since fannie and freddie were moved into receivership and the role of the government in the associated Systemic Risk remains important to move forward with reforms. There appears to be growing Consensus Congress should consider changing the 50 billion