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you touched just a little bit about some of the janet yellen fiscal policies can you give us a little bit more ideas of what it's like today miro ben bernanke is for instance. right she is a fiscal the she supports this huge controversial program called quantitative easing it's an unprecedented inflationary monetary policy the most the biggest policy of our time eighty five billion dollars a month in bonn purchase says is very controversial even former fed officials have come out who are part of that came and said they were sorry that they were a part of q.e. so it looks like yellen is the same old song as ben bernanke she supports q.e. he supports q.e. so we're not really expecting to see a lot of changes in the fed anytime soon so what is the next step in this confirmation process. well now it's going to go to the full senate for a vote again with the nuclear option and looks like she's on the fast track to becoming the next fed chair woman can you go into a little bit more detail about the type of power that janet yellen will have being the first woman to hold this position. frazie
you touched just a little bit about some of the janet yellen fiscal policies can you give us a little bit more ideas of what it's like today miro ben bernanke is for instance. right she is a fiscal the she supports this huge controversial program called quantitative easing it's an unprecedented inflationary monetary policy the most the biggest policy of our time eighty five billion dollars a month in bonn purchase says is very controversial even former fed officials have come out who are part...
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you touched just a little bit about some of the janet yellen fiscal policies can you give us a little bit more ideas of what it's like today mirror ben bernanke is for instance . right she is a fiscal the she supports this huge controversial program called quantitative easing it's an unprecedented inflationary monetary policy the most the biggest policy of our time eighty five billion dollars a month and gone purchase that is very controversial even former fed officials have come out who are part of that came and said they were sorry that they were a part of q.e. so it looks like yellen is the same old song as ben bernanke she supports q.e. he supports q.e. so we're not really expecting to see a lot of changes in the fed anytime soon so what is the next step in this confirmation process. well now it's going to go to the full senate for a vote again with the nuclear option and looks like she's on the fast track to becoming the next fed chair woman now you spoke with senator elizabeth warren right after that vote here's what she had to say. this is a moment in history. we just had the o
you touched just a little bit about some of the janet yellen fiscal policies can you give us a little bit more ideas of what it's like today mirror ben bernanke is for instance . right she is a fiscal the she supports this huge controversial program called quantitative easing it's an unprecedented inflationary monetary policy the most the biggest policy of our time eighty five billion dollars a month and gone purchase that is very controversial even former fed officials have come out who are...
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many were watching and speculating how janet yel yellen would spend time in the ring because janet yellen had not been tested politically in this way. there was not a question about her credentials there was a question on how she would deal with this. thiit was a healthy exchange. on issues like what creates a healthy economy and how do you look at the financial crisis of the past few years and learn lessons from it. and what is the connection between main street and the federal reserve and not just wall street. republicans ran up their concerns about longterm stimulus and we heard from the committee member from nebraska he is concerned about runaway inflation and asset bubbles. take a listen. >> i think the economy has gotten used to the sugar that you put out there and i worry we are on a sugar high. >> janet yellen managed to handle the questions. foanother republican from tennessee if b.c. th we see thet bubbles do you have the ability to prick them. and she said yes she believes she would. and what else did she have to say about the new york stock fis and recovery. >> she is walking
many were watching and speculating how janet yel yellen would spend time in the ring because janet yellen had not been tested politically in this way. there was not a question about her credentials there was a question on how she would deal with this. thiit was a healthy exchange. on issues like what creates a healthy economy and how do you look at the financial crisis of the past few years and learn lessons from it. and what is the connection between main street and the federal reserve and not...
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you touched just a little bit about some of the janet yellen fiscal policies can you give us a little bit more ideas of what it's like today near ben bernanke is for instance. right she is a fiscal does she support. or it's this huge controversial program called quantitative easing it's an unprecedented inflationary monetary policy the most the biggest policy of our time eighty five billion dollars a month and bond purchases is very controversial even former fed officials have come out to our part of that came and said they were sorry that they were a part of q e so it looks like yellen is the same old song as ben bernanke she supports q.e. he supports q.e. so we're not really expecting to see a lot of changes in the fed anytime soon so what is the next step in this confirmation process. well now it's going to go to the full senate for a vote again with the nuclear option it looks like she's on the fast track to becoming the next fed chair woman can you go into a little bit more detail about the types of power that janet yellen will have being the first woman to hold this position. ra
you touched just a little bit about some of the janet yellen fiscal policies can you give us a little bit more ideas of what it's like today near ben bernanke is for instance. right she is a fiscal does she support. or it's this huge controversial program called quantitative easing it's an unprecedented inflationary monetary policy the most the biggest policy of our time eighty five billion dollars a month and bond purchases is very controversial even former fed officials have come out to our...
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but what can surprise us coming out from the janet yellen fed? is there something -- everything will be like ben bernanke but what could surprise us? >> well, again, i think as far as tomorrow's testimony, we already have the prepared remarks, and, you know, i think some people were expecting that to sound more hawkish than we come to expect janet yellen in order to put aside those charges that she may be too soft on inflation. we didn't see that in the prepared remarks and i suspect she'll sound more like herself tomorrow. in terms of what could surprise us? i think yellen probably is a little -- has a little greater emphasis on communication than perhaps bernanke. bernanke was a great inventor in asset purchases. we could see continued push toward more transparency and more communication than we have from the current fed. so i think that's probably the direction to expect policy to evolve in the coming months and years. >> michael, she will also, presuming she's confirmed, she'll also be dealing with a different voting policy making committee.
but what can surprise us coming out from the janet yellen fed? is there something -- everything will be like ben bernanke but what could surprise us? >> well, again, i think as far as tomorrow's testimony, we already have the prepared remarks, and, you know, i think some people were expecting that to sound more hawkish than we come to expect janet yellen in order to put aside those charges that she may be too soft on inflation. we didn't see that in the prepared remarks and i suspect...
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the judge is our commentator on janet yellen. and jeremy kaplan takes us through the 3-d printed gun that fire real bullets and through metal detectors. not your run of the mill financial show. ♪ there you have it. a live look at capitol hill awaiting the janet yell enconfirmation hearing. she's expected to say she will keep on printing money. the markets like it. we're watching for fireworks at that hearing. if and when they happen, we'll show you. liz macdonald is here. what i'm expecting from the hearings is that the republicans will press very hard to say when are you going to quit printing money. that's what we're looking for. >> because janet yell enand officials have been moving the goal posts, what it means for a robust recovery and change the level when they'll stop jobless trading. and the question that we might hear at the hearing, there's a growing buyers remorse at the federal reserve. the officials are exhibiting buyers remorse and the fed buying all of those bonds and loading up the balance sheet possibly creatin
the judge is our commentator on janet yellen. and jeremy kaplan takes us through the 3-d printed gun that fire real bullets and through metal detectors. not your run of the mill financial show. ♪ there you have it. a live look at capitol hill awaiting the janet yell enconfirmation hearing. she's expected to say she will keep on printing money. the markets like it. we're watching for fireworks at that hearing. if and when they happen, we'll show you. liz macdonald is here. what i'm expecting...
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what i was thinking pertaining to janet yellen's speech today. just the fact that you know easy money continues at least for now. i was watching things related to homebuilders and your home. for example, loews hit a new high again. home depot was higher. homebuilders were higher. much is dependent upon low mortgage rates. so for now we saw that group doing well. we know janet yellen right now is not moving in any way, she says we made good progress, but we have farther to go during the crisis and recession but now she is still feeling america's pain. david: you wonder what good progress is meant in those terms? the economy is so damn sluggish and unemployment rate seems stuck. liz: that line jumped out at a lot of people. david: it really did. nicole petallides, sandy smith, phil flynn, folks, good to see you all. >> thank you. >> well, audio equipment, people are touchy about their stereos, their speakers, everything that foes into listening. the audio equipment powerhouse behind the sounds of the rockettes is expanding from the big apple to bra
what i was thinking pertaining to janet yellen's speech today. just the fact that you know easy money continues at least for now. i was watching things related to homebuilders and your home. for example, loews hit a new high again. home depot was higher. homebuilders were higher. much is dependent upon low mortgage rates. so for now we saw that group doing well. we know janet yellen right now is not moving in any way, she says we made good progress, but we have farther to go during the crisis...
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janet yellen, we're watching that. also hearing from our own president, president obama on health care. two very big topics. the market has played wait and see, in a range of about 15 points on the dow. the record day on wall street. the nasdaq hit a high before pulled back in the red. back to you. adam: thank you very much. lori: janet yellen wasting no time firing back at critics of the fed taper delay. take a listen. >> i think there are dangers frankly on both sides of ending the program or ending accommodation to early. there are also dangers that we have to keep in mind with continuing the program too long or more generally keeping monetary policy accommodation in place too long. lori: so, former executive vice chairman president of the bank of atlanta. pleased to welcome him back to our show. what are your thoughts on janet yellen as the nomination, do you have any concerns? >> no, not at all. this is the kind of hearing you would see when everybody has made up their mind. i thought they were pretty gentle with
janet yellen, we're watching that. also hearing from our own president, president obama on health care. two very big topics. the market has played wait and see, in a range of about 15 points on the dow. the record day on wall street. the nasdaq hit a high before pulled back in the red. back to you. adam: thank you very much. lori: janet yellen wasting no time firing back at critics of the fed taper delay. take a listen. >> i think there are dangers frankly on both sides of ending the...
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that was happening as janet yellen -- the beta names. stuff that moves more than the markets definitely back on today. >> under normal circumstances, though, an earnings report like we got from cisco last night, which has taken a toll on that stock today, that would have affected the whole market today. >> that's right. >> but you got the fed -- the quantitative easing impact that's still affecting the stock market. >> that's right. right now sienna is affecting a particular part of the market. any of the networking stocks. look at a stock like sienna or stuff that sells into the internet equipment -- the networking equipment space. ffiv is out there. their stocks are down. networkers are down. even outside of that, most of the tech areas is not down anywhere near as much. they're moving along with janet yellen, assuring everybody that the market for the time being can assume we're going to continue the bond buying program. >> yes, indeed. bob, thanks very much. we'll be checking back with you later. maria? >>> the commerce department ha
that was happening as janet yellen -- the beta names. stuff that moves more than the markets definitely back on today. >> under normal circumstances, though, an earnings report like we got from cisco last night, which has taken a toll on that stock today, that would have affected the whole market today. >> that's right. >> but you got the fed -- the quantitative easing impact that's still affecting the stock market. >> that's right. right now sienna is affecting a...
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janet yellen about to take the mic. some have pointed out we've not heard her speak in her new york accent. here's janet yellen. >> -- in different times and in different roles. and am honored to be nominated by the president to lead the fed as chair of the board of governors. i approach this task with the clear understanding that the congress has entrusted the federal reserve with great responsibilities. its decisions affect the well being of every american and the strength and prosperity of our nation. that prosperity depends most, of course, on the productiveness and enterprise of the american people. but the federal reserve plays a role, too, promoting conditions that foster maximum employment, low and stable inflation and a safe and sound financial system. the past six years have been challenging for our nation and difficult for many americans. we endured the worst financial crisis in deepest recessions since the great depression. the effects were severe, but they could have been far worse. working together governm
janet yellen about to take the mic. some have pointed out we've not heard her speak in her new york accent. here's janet yellen. >> -- in different times and in different roles. and am honored to be nominated by the president to lead the fed as chair of the board of governors. i approach this task with the clear understanding that the congress has entrusted the federal reserve with great responsibilities. its decisions affect the well being of every american and the strength and...
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the markets getting a boost by janet yellen's comments. she says the bond buying program is the best way to get the economy back to normal. >>> berlin has the last laugh in the battle with brussels and washington. it says gdp was driven solely by domestic demand. >>> and dealing with a dp dp slowdown on, weaker demand at home takes its toll as the abe government predicts a rebound. >>> and europe's energy supplies warn of an impending crisis forcing cutting of costs. display you're watching "worldwide exchange," bringing you business news from around the globe. >>> italian gdp, third quarter, minus 1. -- minus 0.1% quarter on quarter, which is what we were expecting. forecast minus 0.1%, as well. and we're getting the latest from the euro/dollar. just tracking 1.3454. 1.3295 was the two-month low that we hit last week post the jobs. we haven't hit that again, but we were down on the 1.33 level towards the beginning of the week. we have the latest ia numbers out, as well. the ia is warning of up side price pressure. supply up 600,000 barrel
the markets getting a boost by janet yellen's comments. she says the bond buying program is the best way to get the economy back to normal. >>> berlin has the last laugh in the battle with brussels and washington. it says gdp was driven solely by domestic demand. >>> and dealing with a dp dp slowdown on, weaker demand at home takes its toll as the abe government predicts a rebound. >>> and europe's energy supplies warn of an impending crisis forcing cutting of costs....
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janet yellen makes no bones about it. she will keep the easy money policies of ben bernanke in place. well, what else do we expect from the emporess of the doves? t"the kudlow report" will be right back. . >>> we welcome back our panel of health care experts, lieutenant governor gavin newsom and hadley independent forum senior policy house. lieutenant governor newsom, i want to ask you about medicaid. the reports all around the country is that the biggest sign-ups by far. >> it's certainly true. we depend on what date you use. about 79,000 people that have gone through our exchange that we've identified as eligible and medicare and medicaid in california, about 59,000 probably update that have an opportunity and there's a disparity. you're correct. you're not wrong about some of the challenges as it relates to the quality of care and the reimbursement ca reimbursement associated with medicare and medical. >> various reports from all around the country, california being such a big state. bob, let me ask you a big one. smal
janet yellen makes no bones about it. she will keep the easy money policies of ben bernanke in place. well, what else do we expect from the emporess of the doves? t"the kudlow report" will be right back. . >>> we welcome back our panel of health care experts, lieutenant governor gavin newsom and hadley independent forum senior policy house. lieutenant governor newsom, i want to ask you about medicaid. the reports all around the country is that the biggest sign-ups by far....
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the rumors for once about maybe janet yellen would be a little more dovish than we expected happened, and the move happened yesterday. today, modest moves to the upside on the dow industrials. but the bottom line here, kayla, is i think janet yellen is delighted with what happened because the markets were on the upside on the s&p 500. we are at record highs, and on the dow jones industrial average, interest rates are flat to slightly down. put up the ten-year yield. very little movement. gentle slope to the down side on the yields. and i think the most important thing is the testimony was remarkably uncontroversial. nobody raised their voices. some people were expecting land mines to be planted, aggressive testimony particularly when she said she didn't see any big signs of's set bubbles. and yet it was all very civilized. >> right. >> some people were surprised by that. >> one of the questions she got was about communication or about moves in the market based on what the fed does. she said, look, i understand that rates can spike, stocks can spike. given what the fed says because of
the rumors for once about maybe janet yellen would be a little more dovish than we expected happened, and the move happened yesterday. today, modest moves to the upside on the dow industrials. but the bottom line here, kayla, is i think janet yellen is delighted with what happened because the markets were on the upside on the s&p 500. we are at record highs, and on the dow jones industrial average, interest rates are flat to slightly down. put up the ten-year yield. very little movement....
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do you think janet yellen has that kind of nerve? >> no but what paul did, says it is the ms, not me. m-1. they're doing same thing with employment figure. it is not us. it is the employment figure. we're taking this dual mandate, and i spoke to paul and what paul thinks the mandate ought to be, is a good economy. what monetary policy is good for the country. not full employment and price stability. david: does qe right now, does it help or hurt the economy right now? >> i don't think it has an effect anymore. its effect is done the issue is, will it hurt us in the future? how fast can it be unwounded ? how will it be unwounded. >> this guy andrew hussar in yesterday's "wall street journal" suggested actually it is beginning to hurt america's economy. if in fact we have a wall street bubble going on, could be very damaging to the economy. >> everyone is addicted to the low rates. david: at dictions are never healthy. >> no, they're not. my question, if we just stopped buying. they will not just stop. we'll taper slowly there is earns
do you think janet yellen has that kind of nerve? >> no but what paul did, says it is the ms, not me. m-1. they're doing same thing with employment figure. it is not us. it is the employment figure. we're taking this dual mandate, and i spoke to paul and what paul thinks the mandate ought to be, is a good economy. what monetary policy is good for the country. not full employment and price stability. david: does qe right now, does it help or hurt the economy right now? >> i don't...
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there's no question that janet yellen has the economic chops to lead the federal reserve. and she's going to need them. she has a monumental task, unwinding the federal reserve's stimulus program. >> she has been the engineer of the current policies and will most likely had pledge to keep them in place. >> reporter: perhaps just as challenging for yellen as dealing with the stimulus will be getting the banks to be more unified. she said the best way to stimulate the economy is better communication with the public. but it deeply it divided the federal bank. >> you have the voices from all over with differential views, and there has been a lot of confusion in the markets in the last months ago. that's one of the dune down sides. >> yellen may have a difficult time to get other officials to tow the line, putting her owning communication it will skills to the test. >> two fed presidents that have had opposed from the beginning, will bel voting members next year, so janet yellen is going to have a lot of defense. >> thanks to the bond buying industry, but they are anticipating
there's no question that janet yellen has the economic chops to lead the federal reserve. and she's going to need them. she has a monumental task, unwinding the federal reserve's stimulus program. >> she has been the engineer of the current policies and will most likely had pledge to keep them in place. >> reporter: perhaps just as challenging for yellen as dealing with the stimulus will be getting the banks to be more unified. she said the best way to stimulate the economy is...
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if you were janet yellen -- >> so thank god i'm not janet yellen, because i think this is a really hard job, and we've got a very qualified person who's going to take over the job from ben bernanke. so, you know, thank god she's doing it, and we wish her well, because there's a lot at stake, especially if you're a parent. i have a 10-year-old. there's a lot at stake. what we need is the political system to come together and engage policy making entities that have better suited tools. that's what we need. is it going to happen? no. the result of that is that the fed will keep its foot on the accelerator. it will continue with its stimulus. it will tweak it over time, a bit less qe over time, a bit more forward guidance and just going to be on this road hoping for growth to materialize, and it's really a big question mark whether it does. >> mohamed, if ms. yellen indicates today that short rates, fed fund rates, will stay at zero, let's say the next three to four years, what do you think in terms of the yield curve steepening, where do you think the longer range could go in the next thre
if you were janet yellen -- >> so thank god i'm not janet yellen, because i think this is a really hard job, and we've got a very qualified person who's going to take over the job from ben bernanke. so, you know, thank god she's doing it, and we wish her well, because there's a lot at stake, especially if you're a parent. i have a 10-year-old. there's a lot at stake. what we need is the political system to come together and engage policy making entities that have better suited tools....
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breaking news on federal chair nominee janet yellen. eamon javers with the story right now. >> well, fairly dovish comments from janet yellen, as you might expect. her confirmation hearing up on capitol hill is tomorrow. we've just gotten copies now of her prepared testimony. fairly short statement from janet yellen to be given at 10 a.m. tomorrow. let me highlight a piece, which i think is significant. she says the federal reserve is using its monetary policy tools to promote a morrow bust recovery. a strong recovery will ultimately enable the fed to reduce reliance on unconventional tools such as asset purchases. i believe supporting the recovery today is the surest path to returning to a more normal approach to monetary policy. maria, there, as you can tell, janua janet yellen sounding like ben bernanke in supporting the recovery. that still a necessity for the federal reserve. that's something people would expect to hear from janet yellen. the big question here will be, how does she respond to all the senators' questioning, how is s
breaking news on federal chair nominee janet yellen. eamon javers with the story right now. >> well, fairly dovish comments from janet yellen, as you might expect. her confirmation hearing up on capitol hill is tomorrow. we've just gotten copies now of her prepared testimony. fairly short statement from janet yellen to be given at 10 a.m. tomorrow. let me highlight a piece, which i think is significant. she says the federal reserve is using its monetary policy tools to promote a morrow...
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janet yellen begins her testimony tomorrow. >> this retail story is interesting. jcpenney beating on the upside, macy's. also cisco, earnings are due out one hour from now. we'll talk to the ceo, john chambers, joining me exclusively before he meets with analysts. cisco's spending and the global economy. you'll get it here first. >> while the stock market enters an all-near high, the bit coin continues to set new records. what would a day be without a bitcoin story. it's around $40 0. reports are china is helping to fuel this phenomenon, whatever the phenomenon is. the answer is -- is why they're increasing demand. the answer to the question will be raising eyebrows along with the price of the bitcoin. a full report coming up. >> but where's the money? trading floor buzzing, meanwhile, because mike tyson is on his way over here. the controversial heavyweight champ will be here on the "closing bell" set for an interview about his rise, fall and now his rise again. i'm excited about this interview. mike tyson -- >> i know you're ready. >> -- in the most unlikely of
janet yellen begins her testimony tomorrow. >> this retail story is interesting. jcpenney beating on the upside, macy's. also cisco, earnings are due out one hour from now. we'll talk to the ceo, john chambers, joining me exclusively before he meets with analysts. cisco's spending and the global economy. you'll get it here first. >> while the stock market enters an all-near high, the bit coin continues to set new records. what would a day be without a bitcoin story. it's around $40...
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major implementations of janet yellen. let's start with what this means for the nomination process for janet yellen and the fed chair. >> to be easier for janet yellen to be confirmed. this is very topical today because we have heard from a spokesperson from senator rand paul, of kentucky that he still had planned to move forward with a filibuster hold on the nomination of janet yellen because he wants the senate to vote on his bill that would audit the fed more, provide more transparency to the fed operations according to him and his supporters. but if a nuclear option succeeds today, democrats can just ignore this veto threat by rand paul, plenty of votes to prove janet yellen. approved by vote of 14-8, and republicans who oppose her said they were concerned about support for continued quantitative easing and the impact of that on the economy as well as the strength of her comments on bank regulation. take a listen. >> since joining the board of vice chair, the nomination hearing that there be no prompt return policy on
major implementations of janet yellen. let's start with what this means for the nomination process for janet yellen and the fed chair. >> to be easier for janet yellen to be confirmed. this is very topical today because we have heard from a spokesperson from senator rand paul, of kentucky that he still had planned to move forward with a filibuster hold on the nomination of janet yellen because he wants the senate to vote on his bill that would audit the fed more, provide more transparency...
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this is key, janet yellen's testimony looks to be dovish. we have andy cross and michael farr of farr, miller in washington. i don't know why, michael farr, they did this, but yellen's testimony for tomorrow was released this afternoon. going through it, she says, we're not going to make any changes. we're going to keep buying bonds. no change at all. your reaction. >> i was kind of stunned that they came out with this. she said that the federal reserve has made significant progress toward its goals but has more work to do. okay, stock market, we're going to keep the flood gates open. more cash is coming. stock market is going to go nuts. this will create problems in her testimony because those who would oppose her have real fodder to come back on her and ask her why they keep doing it. >> andy, what's your take on this? there's no tapering, quote, unquote. no slow down in bond buying probably for many, many months. how do you read it? >> i think that's true. i don't think it was a huge surprise. i think we expected this. >> very dovish. >>
this is key, janet yellen's testimony looks to be dovish. we have andy cross and michael farr of farr, miller in washington. i don't know why, michael farr, they did this, but yellen's testimony for tomorrow was released this afternoon. going through it, she says, we're not going to make any changes. we're going to keep buying bonds. no change at all. your reaction. >> i was kind of stunned that they came out with this. she said that the federal reserve has made significant progress...
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janet yellen. we'll ask bill gross if he thinks the fed can pull off a perfect exit from qe or if the fed may end up looking like a fool in the rain. other hot topics the stock that has quietly been doing great, the ten cities where homes are the most over and undervalued right now. the one market that may have officially gone from red hot to ridiculous overnight. >> okay. take a look at the markets. what does the independent of america and the s&p 500 have in common? the s&p hitting an all-time high of 1776.35, about ten minutes ago. as for the ten-year yield, post option, let's take a look just shy of two-month highs sitting at 2.728%. let's get down to bob pisani at the nyse. this morning we were complaining about low volume, narrow trading ranges and traders sitting on their hands. anything in particular that sparked that move up? anything that might break us out one way or the other here? >> a little bit of speculation on that. put up the s&p and you're right we're at a historic high here. eu
janet yellen. we'll ask bill gross if he thinks the fed can pull off a perfect exit from qe or if the fed may end up looking like a fool in the rain. other hot topics the stock that has quietly been doing great, the ten cities where homes are the most over and undervalued right now. the one market that may have officially gone from red hot to ridiculous overnight. >> okay. take a look at the markets. what does the independent of america and the s&p 500 have in common? the s&p...
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ww had janet yellen, the senate finance committee at least confirming here. her that might be one reason we had a pop up. even if she is accommodative as. bernard: bernard: there is a push for tapering. you say the heck with it. still go with the market. damn the tapering. full speed ahead on stocks. why wouldn't tapering hurt this stock rally? >> tapering will really be something affect long you are duration side of the curve. tapering is not, i don't they. sort of carry trade for borrow money for fee. don't fight the fed and trend in bull market. you have both of those things going on. david: so a taper would not stop the rally, right, correct? >> no. david: terrific stuff, gentlemen. cole wilcox, chris gersch. we'll come back to chris shortly for the s&p futures close. we'll see how tomorrow works. liz: i love chris, i got into a fight with a trader. they're always battling it out. >>> welcoming news for tesla today. if you own the stock it will make you very happy. we'll tell you exactly why. david: why janet yellen's nomination made it through the senate
ww had janet yellen, the senate finance committee at least confirming here. her that might be one reason we had a pop up. even if she is accommodative as. bernard: bernard: there is a push for tapering. you say the heck with it. still go with the market. damn the tapering. full speed ahead on stocks. why wouldn't tapering hurt this stock rally? >> tapering will really be something affect long you are duration side of the curve. tapering is not, i don't they. sort of carry trade for borrow...
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Nov 14, 2013
11/13
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FBC
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i don't know how much clearer ben bernanke or janet janet yellen can be. they're towing the line, they've got inflation more than under control and now it'sen employment issue. why does the market have to know when you're going to taper? when it's time to taper, you'll taper, and people that keep looking for that 5% break in the stock market, they don't get it. you've got to learn to come in on shallow breaks and buy because the fed is saying the market isn't frothy. if that's what they're saying, believe 'em. they have the pursestrings. liz: okay. all right. i'll tell you what i do believe, i do believe i'm confused about the oil markets and about the gold markets, but let's get to paul saks. specifically, gold and i bring this up because now you have the indian government trying to quell some of the gold-buying fervor that we've seen lately and to see it up $16, tell me what's at work here. is this some type of, i don't know, stronger, weaker dollar situation? clarify it, because the indians are trying to calm down what has been a very hot jewelry market
i don't know how much clearer ben bernanke or janet janet yellen can be. they're towing the line, they've got inflation more than under control and now it'sen employment issue. why does the market have to know when you're going to taper? when it's time to taper, you'll taper, and people that keep looking for that 5% break in the stock market, they don't get it. you've got to learn to come in on shallow breaks and buy because the fed is saying the market isn't frothy. if that's what they're...
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Nov 16, 2013
11/13
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CNNW
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janet yellen will have to figure out when to take it away. call it a job interview for the position of party pooper. yellen was questioned by members of the senate banking committee. the next chair of the federal reserve, the position is not in doubt. but the republicans made it clear how much they dislike the fed's historic stimulus program. >> i think the economy has gotten use to the sugar you've put up there. and i just worry we're on a sugar high. >> a sugar high that could be causing acid bubbles to form. all that stimulus is moving up the stock market. housing website zillow said low mortgage rates courtesy of the fed are creating potential bubbles in some housing markets. >> what's fueling the bubbles that we're looking at right now at prices through this lens of incredibly low mortgage rates. so in a sense, it's like a carnival funhouse mirror where you think you're looking at reality, but you're not really. >> sugar high. carnival fun house mirror. zillow says there's no national bubble. but homes are selling 30 days faster. >> john
janet yellen will have to figure out when to take it away. call it a job interview for the position of party pooper. yellen was questioned by members of the senate banking committee. the next chair of the federal reserve, the position is not in doubt. but the republicans made it clear how much they dislike the fed's historic stimulus program. >> i think the economy has gotten use to the sugar you've put up there. and i just worry we're on a sugar high. >> a sugar high that could be...
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federal reserve vice chairwoman janet yellen faced the senate banking committee on thursday for her confirmation hearing as the next head of the central bank now during that hearing she committed to promoting a quote strong economic recovery and will ensure that there will be no monetary stimulus removal any time soon also during that hearing senator mike crapo he wasted no time grilling yellen over if and when we see any end to quantitative easing but can it just continue indefinitely i mean if the labor market doesn't improve to the point that you reach your target alone can this continue do you agree that there has to be some point which we return to normal monetary policy so i would agree that this program cannot continue forever that there are costs and risks associated with the program now yellen went on to say that the fed takes risks to financial stability very seriously and that the fed recognizes that the longer these programs go on the more prominent those risk could be and while today's hearing to put yellen on track to be the next head of the central bank it isn't without any sort o
federal reserve vice chairwoman janet yellen faced the senate banking committee on thursday for her confirmation hearing as the next head of the central bank now during that hearing she committed to promoting a quote strong economic recovery and will ensure that there will be no monetary stimulus removal any time soon also during that hearing senator mike crapo he wasted no time grilling yellen over if and when we see any end to quantitative easing but can it just continue indefinitely i mean...
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Nov 27, 2013
11/13
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MSNBCW
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all of that means that it seems like smooth sailing for janet yellen's nomination thus far. being right about stuff tends to help you get the job. but neither of those things apparently help you with the modern republican party. the taj foundation, they have just announced that their political activist wing not only opposes janet yellen to be fed chair, they're also making the nomination a key vote. which means that any republican that dares to cast a vote for janet yellen will get a demerit. because of the move that senate democrats made last week to employ the so-called nuclear option. republicans do not have the votes to filibuster for nomination, but any republican who dares to vote in favor of who has been deemed the most qualified fed chair in will republican senators care? will they heed jim demint on this and vote against her. i have no idea what republicans are going to do on this. republican politics right now are amazing. they would have to go amazing to try to gin up a republican revolt against somebody like janet yellen. but they are that amazing and they are no
all of that means that it seems like smooth sailing for janet yellen's nomination thus far. being right about stuff tends to help you get the job. but neither of those things apparently help you with the modern republican party. the taj foundation, they have just announced that their political activist wing not only opposes janet yellen to be fed chair, they're also making the nomination a key vote. which means that any republican that dares to cast a vote for janet yellen will get a demerit....
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federal reserve vice chairwoman janet yellen faced the senate banking committee on thursday for her confirmation hearing as the next head of the central bank now during that hearing she committed to promoting a quote strong economic recovery and will ensure that there will be no monetary stimulus removal any time soon also during that hearing senator mike crapo he wasted no time grilling yellen over if and when we see any end to quantitative easing but can it just continue indefinitely i mean if the labor market doesn't improve to the point that you reach your targets. this continue do you agree that there has to be some point which we return to normal monetary policy so i would agree that it's this program cannot continue forever to steer our costs and risks associated with the program now yellen went on to say that the fed takes risks to financial stability very seriously and that the fed recognizes that the longer these programs go on the more prominent those risk could be and while today's hearing to put yellen on track to be the next head of a central bank it isn't without any sort of quest
federal reserve vice chairwoman janet yellen faced the senate banking committee on thursday for her confirmation hearing as the next head of the central bank now during that hearing she committed to promoting a quote strong economic recovery and will ensure that there will be no monetary stimulus removal any time soon also during that hearing senator mike crapo he wasted no time grilling yellen over if and when we see any end to quantitative easing but can it just continue indefinitely i mean...
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janet yellen's confirmation hearing scheduled for this month. we are going to talk to one of the big names in economics. the name used, all the time. dagen: how the federal reserve decides interest rate policy. connell: coming up on markets now. [ male announcer ] need help keeping your digestive balance in sync? try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. see who does good work and compare costs. it doesn't usually work that way with alth care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. lori: i am lori rothman with your fox business brief. u.s. manufacturing expanded at the fastest pace in two-1/2 years. factory activity rose 56.4 in october up from 56.2 in september, the sixth con
janet yellen's confirmation hearing scheduled for this month. we are going to talk to one of the big names in economics. the name used, all the time. dagen: how the federal reserve decides interest rate policy. connell: coming up on markets now. [ male announcer ] need help keeping your digestive balance in sync? try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. see who does good work and compare costs. it doesn't...
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federal reserve vice chairwoman janet yellen faced the senate banking committee on thursday for her confirmation hearing as the next head of the central bank gearing she committed to promoting a quote strong economic recovery and will ensure that there will be no monetary stimulus removal any time soon also during that hearing senator mike crapo he wasted no time grilling yellen over if and when we see any end to quantitative easing but can it just continue indefinitely i mean if the labor market doesn't improve to the point that you reach your target along can this continue do you agree that there has to be some point which we return to normal monetary policy so i would agree that this program cannot continue forever that there are costs and risks associated with the program now yellen went on to say that the fed takes risks to financial stability very seriously and that the fed recognizes that the longer these programs go on the more prominent there's risk could be and while today's hearing to put yellen on track to be the next head of the central bank it isn't without any sort of question now
federal reserve vice chairwoman janet yellen faced the senate banking committee on thursday for her confirmation hearing as the next head of the central bank gearing she committed to promoting a quote strong economic recovery and will ensure that there will be no monetary stimulus removal any time soon also during that hearing senator mike crapo he wasted no time grilling yellen over if and when we see any end to quantitative easing but can it just continue indefinitely i mean if the labor...
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Nov 17, 2013
11/13
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ALJAZAM
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janet yellen, barack obama's pick to lead the reserve when ben bern angie steps down, fielded questions. senator gave her a bit of a grilling over the fed's multibillion bond-buying program working to keep interest rates low. a chance of a history of monetary speak. language that most find hard to understand. janet yellen is clearer than most. >> i believe it could be costly to withdraw accommodation or to fail to provide adequate accommodation. on the other hand it will be important for us also, as the recovering proceeds, to make sure that we do withdraw accommodation when the time has come. >> in plain english, and janet yellen is saying, "yes, eventually we'll stop donating $85 billion to the economy. when we do, it could hurt." you better get comfortable with the idea. >> when explaining why the fed continues to put mun into the system, she got not be more clean. >> the objective of the policy is to benefit all americans, especially those who were sealing harm come to them and their families from high unemployment in a recovery that has taken a long time and been, frankly, disappoi
janet yellen, barack obama's pick to lead the reserve when ben bern angie steps down, fielded questions. senator gave her a bit of a grilling over the fed's multibillion bond-buying program working to keep interest rates low. a chance of a history of monetary speak. language that most find hard to understand. janet yellen is clearer than most. >> i believe it could be costly to withdraw accommodation or to fail to provide adequate accommodation. on the other hand it will be important for...
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Nov 21, 2013
11/13
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FBC
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i have no doubt that janet yellen is the next chair of the federal reserve. but this changing of the rules on filibuster, that's a big deal. >> it's a huge, gigantic deal, and it could backfire bigtime. you know, it's interesting for a party that talks about the rights of so-called minority, it doesn't -- they don't want it to apply to politics. in this case, you know, the minority party that has the least amount of power. but, obviously, it's been voted in by americans that are going to represent their point of view. there was a reason it was in place, to try to balance out the power at least, you know, the use of power. they've got to be careful. if this is a road reid wants to go down, he may regret it after the midterm election. stuart: we're listening carefully to what he's saying. tell me again exactly the wording there. what did he just say moments ago? a change has to be made. okay. okay. he says that half of the filibusters that have occurred throughout history have happened under president obama. he says the change has to be made. but let's be clear
i have no doubt that janet yellen is the next chair of the federal reserve. but this changing of the rules on filibuster, that's a big deal. >> it's a huge, gigantic deal, and it could backfire bigtime. you know, it's interesting for a party that talks about the rights of so-called minority, it doesn't -- they don't want it to apply to politics. in this case, you know, the minority party that has the least amount of power. but, obviously, it's been voted in by americans that are going to...
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Nov 20, 2013
11/13
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KPIX
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fed chairman janet yellen. alexis christoforous has more. good morning, alexis. >> good morning, anne-marie. asian markets were mixed. tokyo's nikkei added a quarter percent. hong kong's hang seng added a quarter percent. tomorrow janet yelin plans to lead the federal reserve. in two letters to lawmakers released yesterday, yellen again voiced her support for the fed's bond-buying program. she wrote that if the fed had not acted aggressively, the economy would likely be weaker. >>> stocks in this country were lower yesterday, mostly due to some disappointing corporate earnings forecast. the dow jones industrial average slipped nearly 9 points. the nasdaq dropped 17. >>> the federal government has opened an investigation into the potential for fires in the tesla model s electric cars. the national highway and safety transportation administration is looking at two incidents.
fed chairman janet yellen. alexis christoforous has more. good morning, alexis. >> good morning, anne-marie. asian markets were mixed. tokyo's nikkei added a quarter percent. hong kong's hang seng added a quarter percent. tomorrow janet yelin plans to lead the federal reserve. in two letters to lawmakers released yesterday, yellen again voiced her support for the fed's bond-buying program. she wrote that if the fed had not acted aggressively, the economy would likely be weaker....
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Nov 30, 2013
11/13
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david, janet yellen will keep her foot on the pedal for as long as it takes. are you a fan and? >> i'd like janet yellen.n, the econy is not strong enough see employment issues we have talked about before. they continue. we do not have a robust recovery we don't have rising in, cover the real inc income change of this latest change is in years zero at half a point. instead has no choice until they can reach a place to access. it is great to be on with nic jason i have not seen him in a while. gerri: i will plays somesh audial because she will be the next fed chairman. c >> it is important not toot remove support especially when the recovery is fragile and the tools available for monetary policy should the economy falter given with the short-term interester rates are at zero. gerri: goodness gracious ity could be making a bubble somewhere with a free andre easy money floating around?, >> the first thing is theom median price of a home is pretty close at 300,000. there is 400,000 built perg year and the fed buys that much with mortgage backed securities every three months.d when y
david, janet yellen will keep her foot on the pedal for as long as it takes. are you a fan and? >> i'd like janet yellen.n, the econy is not strong enough see employment issues we have talked about before. they continue. we do not have a robust recovery we don't have rising in, cover the real inc income change of this latest change is in years zero at half a point. instead has no choice until they can reach a place to access. it is great to be on with nic jason i have not seen him in a...
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erling for fraud you know this with janet yellen is a mark carney does he's got his fraud drill these drilling for fraud that he's going deep into the core of fraud to sustain something that's unsustainable zero percent interest rates and taper talk is nonsense you cannot taper a ponzi scheme mark carney knows it he doesn't know it then he's brain dead janet yellen knows if she doesn't know if she's been gulping too much air yeah now just to go over some of the figures that the i.a.e.a. provides right now a traditional conventional barrel of oil cost ten to seventy dollars to produce depending on which country are ten dollars is going to be the region with all the u.s. military bases around the middle east it's going to cost you ten dollars a barrel there maybe russia as well is going to be closer to the ten dollars barrel now let's look at the unconventional crude oil because there were two thirds of our new oil supply since two thousand has come from unconventional zx fifty to ninety dollars a barrel for oil sands fifty to one hundred dollars for like tight oil and seventy five nine
erling for fraud you know this with janet yellen is a mark carney does he's got his fraud drill these drilling for fraud that he's going deep into the core of fraud to sustain something that's unsustainable zero percent interest rates and taper talk is nonsense you cannot taper a ponzi scheme mark carney knows it he doesn't know it then he's brain dead janet yellen knows if she doesn't know if she's been gulping too much air yeah now just to go over some of the figures that the i.a.e.a....
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Nov 22, 2013
11/13
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CNBC
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. >>> still to come -- from taper talk to janet yellen, atlanta fed president dennis lockhart goes on the record with "squawk box." it's an interview you can't afford to miss. and it's only right here on "squawk box." as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon.
. >>> still to come -- from taper talk to janet yellen, atlanta fed president dennis lockhart goes on the record with "squawk box." it's an interview you can't afford to miss. and it's only right here on "squawk box." as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment...
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Nov 14, 2013
11/13
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KNTV
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janet yellen faces a senat confirmation heari to be the next head of the federal reserve. janet yellen previously president of th san francis fed is expected to defend the d's aggressive econoc stimulus progms. yellen says the fed must do more to help bring down unemployment before it can return to more normal policy. llen is widely expected to b confirmed. if you like your -- starbucks unveiledts first moving store on arain in switzerland. the car is branded with the starbucks logo and picturesf the car haseating for about 50 people. e coffee giant says it's jt testing the giant. we can dream. thanyou. >> in the future maybe we'll be starbucks, d't leave home without . thanks s much. talko youater on. 4:47. today a massive project n unveiled. u.s. fish and wildlife and state agencies planning a 50-year recovery plan to restore marsh lands to protect endangered specie hoping the animals will gain back theiropulation level. a ceremony will be held this morning in fmont at the don edwas san francisco b tional wildlife refuge. >> a lot of people look forward extra special for
janet yellen faces a senat confirmation heari to be the next head of the federal reserve. janet yellen previously president of th san francis fed is expected to defend the d's aggressive econoc stimulus progms. yellen says the fed must do more to help bring down unemployment before it can return to more normal policy. llen is widely expected to b confirmed. if you like your -- starbucks unveiledts first moving store on arain in switzerland. the car is branded with the starbucks logo and...
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Nov 15, 2013
11/13
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KQED
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janet yellen faced her senate confirmation hearing today. she said the economy still needs help, and she gave no indication of when the fed might curtail its stimulus program. there'll be more on the yellen hearing later in the program. the former boston crime boss, james "whitey" bulger, was sentenced today to two life terms in prison. he'd been found guilty of 11 murders during the 1970s and '80s, as well as extortion and money laundering. bulger said nothing at all as the judge pronounced the sentence, and he left the court without looking at his supporters. afterward, prosecutors and defense lawyers spoke outside the courthouse. >> james bulger deserves nothing less than to spend the rest of his life in jail for the harm, the pain and the suffering that he has caused to so many in this town. >> there are a number of important issues that he still thinks need to be told. there's evidence and witnesses that he thinks should be made public, and, in pursuit of that goal, he will appeal his case. >> woodruff: bulger is 84 years old. he fled b
janet yellen faced her senate confirmation hearing today. she said the economy still needs help, and she gave no indication of when the fed might curtail its stimulus program. there'll be more on the yellen hearing later in the program. the former boston crime boss, james "whitey" bulger, was sentenced today to two life terms in prison. he'd been found guilty of 11 murders during the 1970s and '80s, as well as extortion and money laundering. bulger said nothing at all as the judge...
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Nov 27, 2013
11/13
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they would have to go amazing to try to gin up a republican revolt against somebody like janet yellen. but they are that amazing and they are not like the rest of politics here in this country or anywhere else in the world. my insurance rates are probably gonna double. but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? i have a big meeting when we land, but i am so stuffed up, i can't rest. [ male announcer ] nyquil cold and flu liquid gels don't unstuff your nose. they don't? alka seltzer plus night fights your worst cold symptoms, plus has a decongestant. [ inhales deeply ] oh. what a relief it is.
they would have to go amazing to try to gin up a republican revolt against somebody like janet yellen. but they are that amazing and they are not like the rest of politics here in this country or anywhere else in the world. my insurance rates are probably gonna double. but, dad, you've got... [ voice of dennis ] allstate. with accident forgiveness, they guarantee your rates won't go up just because of an accident. smart kid. [ voice of dennis ] indeed. are you in good hands? i have a big...
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yellen is going to incoming fed chairman to replace ben bernanke what can we expect from janet yellen well ben bernanke is to lady gaga as janet yellen is to miley cyrus and others she said was always more she's a trash your version of the the original although actually gaga has a little talent and i'm sure you're not can you know i do but but the point is she's more more hard show more model based she's going to print more women hard shell i mean i say how much the i mean you know i just mean a flexible ideologically driven ideologically driven model. given academically driven impervious to the real still look at our models no matter what the actual market tells are correct it is not as much i loathe cheese like blinkers correct most keynesians do i mean the keynesian theory works fine in theory not the real world and neither does her brand of monetarism her brand of monetary is but be that as it may she's a little let them eat cake like it is there out there with the torches in written places raging societies collapsing but i'm sticking to my models that's right and you know dudley
yellen is going to incoming fed chairman to replace ben bernanke what can we expect from janet yellen well ben bernanke is to lady gaga as janet yellen is to miley cyrus and others she said was always more she's a trash your version of the the original although actually gaga has a little talent and i'm sure you're not can you know i do but but the point is she's more more hard show more model based she's going to print more women hard shell i mean i say how much the i mean you know i just mean...
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yellen is going to incoming fed chairman to replace ben bernanke what can we expect from janet yellen well ben bernanke here to lady gaga as janet yellen is to miley cyrus and others she said was always more she's a trash your version of the original although actually gaga has a little talent and i'm sure you're knocking yeah i do but but the point is she's more more hard show more model based she's going to print more women hard shell meaning that how it's little meaning i just mean a flexible ideologically driven ideologically driven model ger. in academically driven impervious to the real still look at our models no matter what the actual market tells are correct is not as much i love cheese like blinkers correct most keynesians do i mean the teams in theory works fine in theory not the real world and neither does her brother monetarism or her brand of terry's but be that as it may she's a little let them eat cake like it is there out there with a torch is written places ranging society is collapsing but i'm sticking to my models that's right and you know dudley famously said let t
yellen is going to incoming fed chairman to replace ben bernanke what can we expect from janet yellen well ben bernanke here to lady gaga as janet yellen is to miley cyrus and others she said was always more she's a trash your version of the original although actually gaga has a little talent and i'm sure you're knocking yeah i do but but the point is she's more more hard show more model based she's going to print more women hard shell meaning that how it's little meaning i just mean a flexible...
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Nov 15, 2013
11/13
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KQED
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>>> janet yellen did take the first step in the confirmation process. she said the u.s. economy still needs the fed's help and that helped stocks today but will it win over the support of lawmakers? that's the question. hampton pearson as more tonight. >> reporter: at a senate banking commission to become the first woman fed. >> i do. >> reporter: she said the economic stimulus policy but gave no hint of when tapering would begin. >> while there is no set time, we will decide to reduce the pace of our purchases at each meeting we are attempting to assess whether or not the outlook is -- is meeting the criteria that we have set out to begin the pace of purchases. >> reporter: as fed vice chairm chairman, she's been a key ally of bernanke holding key interest rates near 0 since late 2008 and quadrupling the fed's balance sheet to $3.8 trillion done with massive monthly bond purchases. the housing recovery and strong auto sales she says are prime examples of how the stimulus benefitted both main street and wall street. >> we have seen interest rates fall very substantially.
>>> janet yellen did take the first step in the confirmation process. she said the u.s. economy still needs the fed's help and that helped stocks today but will it win over the support of lawmakers? that's the question. hampton pearson as more tonight. >> reporter: at a senate banking commission to become the first woman fed. >> i do. >> reporter: she said the economic stimulus policy but gave no hint of when tapering would begin. >> while there is no set time,...