| 00:00:39 |
Swain, Susan - Host
TO THOSE WARNING CONGRESS FOR ABOUT A FISCAL CLIFF HEADING THE COUNTRY'S WAY AT THE END OF THE YEAR IF STEPS ARE NOT TAKEN TO ADDRESS SOME OF THE EARLIER...
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| 00:01:59 |
Avent, Ryan - On-Line Editor
SOME PEOPLE ARE READING THAT HE WAS OPTIMISTIC. OTHERS SAY THAT HE WAS CONCERNED.
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| 00:02:04 |
Swain, Susan - Host
OTHERS TAKE CUES THEY MIGHT ACT IN THEIR SUMMER MEETING. WHAT WAS YOUR TAKE? GUEST: THAT'S PRETTY TYPICAL OF A FED SPEECH. THEY TRIED TO LET EVERYONE...
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| 00:02:19 |
Avent, Ryan - On-Line Editor
THE GENERAL TAKE AWAY IS THE FEDERAL RESERVE IS NOT HAPPY WITH THE PACE OF RECOVERY, BUT THEY DON'T GET ENOUGH SIGNS OF A SLOWDOWN OVER THE PAST FEW MONTHS...
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| 00:02:49 |
Swain, Susan - Host
HAS AN ESSAY ABOUT THIS PHRASE THAT WE ARE INCREASINGLY HEARING AND WHAT IT REALLY MEANS. BUT THE MESSAGE TO CONGRESS WAS THE FED CANNOT ACT ALONE WHAT...
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| 00:03:50 |
Swain, Susan - Host
ENOUGH. ANOTHER EXAMPLE OF THE BIG DEBATE HAPPENING GLOBALLY ABOUT STIMULUS VS AUSTERITY. GUEST: THAT'S EXACTLY RIGHT. ON THE MONETARY SIDE, IT IS TRICKIER....
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| 00:04:05 |
Avent, Ryan - On-Line Editor
EXPECT THAT WHEN GOVERNMENTS NEED TO CUT THEIR BUDGETS, THAT WOULD HAVE A NEGATIVE SHORT-TERM IMPACT ON THE ECONOMY, THAT IS WHEN WE WOULD WANT THE...
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| 00:04:51 |
Swain, Susan - Host
TALKING ABOUT THE CONCERN OVER GLOBAL BANKS BUT REALLY CONSUMERS, BUSINESSES IN EUROPE AND THEIR DECREASE IN SPENDING AND HOW IT MIGHT BE AFFECTING...
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| 00:05:11 |
Avent, Ryan - On-Line Editor
I WILL SAY THANK YOU AND WE WILL MOVE ON TO OUR CALLERS. RYAN
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.