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Toolbox, but there are no plans to use them. Since the decision, we did see the market pare back a little bit, pricing around negative rates. Bailey also saying the bank of england forecast has an unusually large downside skew. The reaction, the pound suggests the market took the boe forecast as pretty robust. 1. 3172. Dailey also says it is hard to draw a conclusion from the bank of vacant forecast and we must be careful not to over interpret faster indicators. Hes speaking in a briefing to journalists right now, saying the boe could use like forward guidance, negative rates of the toolbox. Tom it looks like it is moving the market with lower Interest Rates seen across the u. S. Sterling on a tear, 1. 31 69. Look for our conversation with the governor of the bank of england. Francine lacqua and the governor, 8 00 a. M. New york time, 1 00 p. M. In london. She has some very in pointed she has a very pointed questions from our econ ....
[inaudible conversations] good afternoon. And welcome to our book forum here at the Cato Institute today for a republic no more Big Government and the rise of american political corruption by jay cost. I am john samples, Vice President and publisher here at the Cato Institute. And i again would like to welcome you to this event today for this very important book. Now, if you have been to book forums before youll notice today our event will proceed in many ways the same as all other book forums have that is, you will hear from some participants and then there will be a question and answer session about 1 00 and then lunch. Also one other thing is like all of our other events please turn all your cell phones now so that we can have the event both in peace and quiet. B ....