janet yellen said that is the problem. it will remain low and it is a huge problem for living standards and the enormous challenges for political leaders. combined with low productivity, she says she is treating 180,000 a month and it will create pressure. tom: i wish you had been here. mike mckee, you are in the press conference whatever ago the phrase pre-much the same question as. did. what is the difference now? what is the difference now versus erik schatzker asking somewhat the same question today? things have really changed. he is better looking and has a brighter tie on but seriously, things have changed and 12 months. formulation.e they are not suspecting inflation to rise or push it up fast enough, they need to raise rates. the question now is what will the fed do? they cannot do anything about it. waiting and watching. >> that is what the fed is stuck doing. also, the forecast has not come close to reality. to's rewind this and go back december of 2015 when the fed was looking for gdp growth. the fed was looking

janet yellen is a robotic keynesian economist who is creating massive windfalls to 1%. but don't tell me she has anything to do with snack the labor market. anthony: it seems like you are holding back your opinion. anthony: i want to ask this question. you have been around a long time and you are saying in this new book we are on the brink of financial ruin. >> we are. anthony: what steps can we take prevents that? >> we have to have a house cleaning at the fed. there has been essentially a coup d'etat. they have taken over the entire financial system. gary: tom ruls oh just ex -- tom russo just explained to the viewers, they are the market maker when there is no price discovery. anthony: they are saying the prices are beyond an litter cal. >> their role as lender of last we sort. and they have gone to the point where you can't get natural price discovery. >> when i was in government in the 1980s there will be were market watchers. the fe -- the federal funds mart today is the fed. they are pegging the raid it's price control. when you have overnight money for free, it'

janet yellen said those do not violate any rules. i asked yesterday about this. >> donald trump told 84 million people that the fed is just being political and keeping interest rates low to help obama. is that true? >> around the world we think it's critically important that central banks be independent. so we have not seen the fed not being independent in its decisionmaking process, the way in which it's governed, we don't see a lack of independence there. >> it's not seen being not independent, translation, willfred, she disagrees with donald trump on that point. >> big issue, and janet yellen got a lot of grief on that yesterday. >>> congress is sending president obama a bill to keep the u.s. government operating through december 9th, averting a possible shutdown this weekend. the vote came after top lawmakers broke a stalemate over aid to help address the water crisis in flint, michigan. the measure is congress' last major to-do item before the november election. >>> keeping an eye on the saudi ra riyal, following a vote in congr

listening to janet yellen, she did not sound caucus. as she was talking about the unappointed rate and rarest measures of utilization actually have been approved for a wild, but she said there was more room to go and we are not there for inflation. listening to her thinking about the press conference, where do you think she is? >> i think to try to tiptoe around the different views, but if you read the statement, that was read to be hawkish. in that sense, there are different signals the market must interpret. is she trying to say, there were different views on the committee and i mean -- meant to make sure that it represented the different views. i think the statement is sending a strong signal about, we worry about these risks, we worry about every thing from brexit to china, to the referendum in italy and other things could be a risk but generally speaking it sounds like they feel comfortable about the economy. scarlet: one last question on the bank of japan. of course, they are shifting focus from the monetary basis to the yield cur

does that mean he will automatically replace janet yellen in 2018? toluse: we have seen this of attack from donald trump where he has taken a very direct attack on the fed chair. it seems like he is -- one of the first things he would do would be try to replace the fed chair. he said they were going to face that ugly bubble and blamed janet yellen for keeping interest rates low saying it is because she wants to appease president obama and the democrats. he says that also has been a letter sized. we have not seen this we have not proven much evidence to back that up, but if he were to win the presidency, i could expect one of things he could do would bring in a new chair of the federal reserve. francine: deutsche bank shares have picked up this morning having hit an all-time low yesterday. the financial health of germany's biggest lender an institution, critical to the country's economy is under pressure. -- concernsre from on all-time loans. -- all-time lows could angela merkel that i want to be politicized. shares bouncing back. what is going on. th

david: we will now turn to janet yellen. she will appear on the hill talking about bank regulations. we want to bring in our economics reporter to talk about a preview of what we will hear from janet yellen. her chief deputy on bank regulation said there is going to be a big increase in the required forserves stress. will that be a primary feature of her testimony? matt: i would imagine that is going to come up today. it should be interesting to see how that close. one of the things they talked about on monday is that they are going to increase capital requirements for the largest global, systemically important banks, but they are going to try to relax rules for the smaller banks and that is always something congress is really interested in, the plight of the smaller banks and the increased regulation they have to deal with since the financial crisis even if they are not as risky as the bigger ones. that should come up today. david: she is not up there to talk about rates, but there is a lot of talk about rates, whether she

we can safely take janet yellen at her word. when fede been times officials have spoken out about other areas of economic policy. you might have suggested that lyrical influences were in play. even those have been extremely rare in the fed history. i suspect the fed is doing its homework as it has been mandated to do so around its objectives and goals and politics is not playing much of a role. with the fed move in november possibly it is not likely but that is when press conferences were held and the fed has laid a formula where changes in policy will be accompanied by a press conference and that is why everyone kept december over november. anna: it does fall one week for the election area thank you very much. larry hathaway with us here. we continue the weaker central bank name. -- theme. mario draghi makes a keynote address in frank for. at 6 p.m. mark carney speaks in berlin. we also have policy announcements from south africa and egypt. central banks today. coming up, we have reaction from investors and economists following

a little higher as we go into janet yellen testimony. energy shares are the best within the s&p 500. it has been this with saw affect for oil over the past week as we have gotten a different ahead of -- headline and now the latest is that saudi arabia and iran willingness to come to an agreement on production target. as we watch oil prices, we should note that we have seen oil move more in tandem with stocks. we have a chart of the correlation between oil and stocks. the two.p you see rising.the green around 0.5. certainly not 1-1 correlation but trending higher. stephen angel is still open to a deal between the two. those stocks rising. as we await listening to janet yellen, i want to check on the 10 year yield as well. making an attempt at rising today, and then went back down. it has fallen in six of the past seven sessions. about 90 minutes to the close of trading here in europe. taking a look at where equities are right now. extending gains of more than 1% right now. almost erasing the monthly loss. this is a equity benchmark. looki

janet yellen resist pressure to hide u.s. rates but-- to hike u.s. rates. a dissent from a 30 member of the committee. stocks and bonds rise around the world as the dollar weekends, european equities have started higher. merck the country's biggest conglomerate is to split in two withone company focused on shipping and the other on oil. welcome to "the pulse" live in london. i'm mark barton. we have got a great show aligned up today. later, we will talk brexit with the chief executive of the mobile provider 3 u.k. a festival of central decisions today. we are hearing from the norwegian central bank. it will keep rates at its current level. it see the underlying cpi 3.3% this year. it previously said there is still a prospect for cuts this year. it is the underlying cpi 2.7% next year. and mainland gdp this year 0.9%. the rate will remain in the current level in norway. many, many more central-bank decisions awaiting today. let's get to the first word news. ersk says it will split into separate companies. the announcement comes as denmark's come biggest -- b

next up is janet yellen at 2:00 p.m. eastern. >>> and swipe to the beat, why tinder and spotify could be the perfect match. it's wednesday, september 21, 2016, you're watching "worldwide exchange". ♪ hello. >> good morning. >> welcome back to "worldwide exchange." i'm sara eisen. i'm reading up on boj policy. >> it's a complicated policy, you should have done that before the show or during the break, not during the title sequence. >> you can explain it to me. >> good morning. let's get to that top story. maybe i should let you do it, now you know all the details. take it away. >> the bank of japan rebooting its monetary policy. they didn't cut rates further into negative territory, it's abandoned its base money target and introducing a ten-year interest rate target. the goal is to stoke inflation. the boj will buy long-term government bonds to keep the ten-year rate around zero. the japanese ten-year yield briefly rose above zero for the first time since march and settled around it, just below. the yen did move earlier

coming back from losses during most of the session, stops hovering around the flat line -- janet yellen said the majority of central bankers see a rate hike this year. whereore on her testimony she revealed that the central bank is taking a close look at the biggest banks. we will hear from maxine waters later this hour. duke energy wants to bring natural gas to pennsylvania, ohio and west virginia best how the company plans to make it happen. markets close in two hours. julie hyman is here with the latest. julie: and you are flat line for the major averages at the moment. -- a near flat line. we've got oil prices now on the rise, we had that janet yellen testimony, we had durable goods orders this morning. crosscurrents in the markets today. let's talk about oil. it pushes higher by 3%. oil having some wild swings over the past week. -- algeria itself proposed a cut in production. they may sign onto something later this year. look at how this has played out in the various groups in the s&p 500 today come energy doing the best today, telecoms doing worse. a downgrade to at&t at ubs. ind

of central banks, we have been hearing from janet yellen this afternoon. we have mario draghi starting to speak in berlin now. talk about how you are navigating this environment of low rates. andrew: if you look at the development of central bank policy, serving with negative rates and moving into quantitative easing, in japan, it is around current levels. wascomment i made cutting rates into negative territory has a negative impact on the banking sector because of what adjust interest margins. banks every my full that they are not putting in place policies that prevent what they are trying to achieve, which is improving credit creditn and getting going. the look to europe would be more challenging because there is a single market. there is a range of different countries. and how such a possibly that's how a policy would implemented. courtney: and in terms of looking at europe as well, we've and --rom deutsche bank do you think we might see a crisis? cautious around european financials. more -- a more cautious approach a we would like to see what the next

tom: what would happen if janet yellen raises interest rates? if itould be the outcome factored up to some sort of irmal interest rate? julian: think we would have a difficult time for a while. i think it's worth it to get that discipline. mike: you think the economy would be better off with higher rates? julian: probably not in the very short-term, but in the long term, i definitely think it would. does it increase the return on capital? where does the benefit come in at this point? julian: the benefit comes in in that we have a realistic system. , you take a guy who sells his is in north carolina. he gets $5 million for it. that's all the money in the world. there's no funny money hedge funds. it's all sort of open and good and down to earth. that $5 million he is 30 or return on it $40,000 after taxes and he realizes he's sold his is this and is not able to live on his life savings. it's the financial repression a lot of people have spoken of for a number of years. this is a special edition of bloomberg surveillance top we are on with julian

i want your perspective on a conversation i had with janet yellen. i asked her why there is this discrepancy between what the fed anticipates for gdp growth, low, andand 1.8% thereafter, this fate that eventually they will be able to get the neutral , andif you will back to 3% she said it is partly because we don't have productivity growth. but you don't believe we don't have productivity growth. >> there are a series of things that way on the traditional measures of gdp. we are capturing a tremendous amount of the economy that works through the technology dynamic today. if you take the things we can count, how many people are being er economy is operating at a good level, but the traditional measurement, think about the industry's hiring, health care, restaurant, labor-intensive, so productivity comes down. i think the economy is growing. can we grow more? absolutely. i just don't think that traditional gdp measurement, it's not terrible in a world where global growth is more -- >> are they overshooting or undershooting on the growth expectation? th

janet yellen, 3.2. all the governors are 3.8. more dovish, you can see here, than the presidents at 5.3. there's the average. a touch more hawkish than in april. and all the presidents, 5.3, stan fischer, a big gap between he and the fed chair, janet yellen. an here is our most hawkish fed president, esther george. is he is at 8.4. back to you guys. >> i think i was a 3.2 in college. >>> fedex often considered a barometer of the global economy. tonight the package delivery company set strong sales lifted results. fedex reported earnings of 290 a share, 9 cents better than estimates. revenue up 20% from a year ago, more than 14.5 did his billion. and they were slightly better than expectations. investors encouraged by the results, sending shares up initially in extended hours trading. morgan brennan has the key take-away on fedex's results. >> reporter: fedex reporting quarterly earnings that were better than wall street analysts had expected. leading the delivery giant to boost its full-year adjusted earnings outlook. the higher

david: janet yellen talked about that a little bit. jack, she was asked two questions, asked if decisions were political based? she denied that entirely, and asked if decisions were affected by wall street one way or the other. she focused on the political. is there any doubt in your mind that the fed is very much afraid how wall street might react to the decision, and that motivates their decisions to some extent? >> conscious of it to the extent the wealth effect created on wall street by higher share price is good for the economy. let's not get too conspiratorial and rule out simple incompetence on the part of the fed. [ laughter ] >> is that a compliment? >> confuse economics with physics as though we know all the rules, it's a linear one for one relationship, maybe there is a point of diminishing returns. maybe there is no stimulus and we're hurting the economy because as you said, savers are getting killed right now. david: james, you remember the days of paul volcker, he would do stuff he wasn't afraid of tanking the economy. hi

there is another story on janet yellen, top american central banker. she told a bankers conference at the kansas city fed that stock buying or bond buying by our federal reserve could be a useful tool in a downturn. never heard that before from a central banker in america, okay? here is what she said. there could be benefits to the ability to buy either equities other corporate bonds. whoa, that's a revolution. brian benburg is with us. i believe he is professor of business and finance at kings college. your professor, is that correct? >> i am a professor indeed, yes. stuart: that shook me when i saw that. janet yellen from states of america thinks about buying stocks an bonds. >> if you want more evidence that our economy is in terrible rut there it is right there. the chairwoman of federal reserve will buy stocks and bonds. they can't really do that. they're talking about it, looking ahead seeing no growth. we have no growth prospects if the economy turns down what ammo do we have left. stuart: it is desperation. >> it is. same thing bank of japan ha

i tend to side with janet yellen and the public remarks she has made. the labor market remains uncertain. the job numbers alone don't tell the full story. the participation rate has more slack in that it is significantly lower than historical levels. part of that, of course, is demographics. even in prime working age people , 25 to 54, we have a lower than historic registration rate -- lower than historic participation rate. there are signs with discouraged workers and people marginally attached to the labor force, 1.7 million there, people working part-time who want full-time jobs. in all there is some slack in the labor market. vonnie: from your work, as a labor relations economist, how much slack is there and how many percentage points structural change has there been, if you can equate the 2? harley: part of the problem is we tend to reflexively used simply the unemployment number as the overall -- the unemployment number is 4.9%, very good by historical standards. but when we take those people who are marginally employed or who are working part-tim

he will join janet yellen. peter fisher still with us. the fed, at this point, 25 basis , 37 basis points, there is a question about how they were taught in -- respond to any kind of downturn ahead. they have to raise rates irrespective of inflation just to be able to respond that go >> i think the remarkable thing is that she really conceded the the big balance sheet and externally policies are here to take. just five years ago we are -- we were being promised it would be easy and not a big deal. we will need explanation of that. clearly she is hanging onto this in case she has to deal with the downturn. the forecast has been so bad and murky, i think that is a problem she has to confront, whether they are really bracing themselves or planning to normalize. scarlet: i would like you to full than what the bank of japan announced overnight with regards to shifting the policy, more on steepening,ng -- compared to what it was looking like a earlier. reserve not being in any kind of rush, what does that mean for an the demand of u.s. stocks?

with what is next with janet yellen. the fight of his life after the sec accuses omega advisors of trading. alix: we have to start with the fed, no hike about three members that descended. that is only the fourth time that has happened since 1992. michael joining us now, overall you heard inflation was the key point in janet yellen's testimony take a listen. janet yellen: we agree we are undershooting our inflation goal and want to make sure we stay on the course that raises that to 2%. we are struggling with the different issues with the new normal in this economy and the global economy or generally. that explains why we keep revising down the rate path. the dissent was the headline but janet yellen trying to paper over that a little bit. how confusing the economy is right now. three dissents are rare. the last time was a fight over language. you can ask them about this. involved in all of those dissents will be on the programmable to the letter. you have to go back to the 1990's to find any time there were three descen

you pr questions to janet yellen you brought in the political ramifications. donald trump has been vocal about this fed being in the tank for president obama and hillary clinton. were you satisfied with her answers? >> i got what i expected to get, which is she said pretty emphatically that the fed is not political and not playing favorites in this election. i believe when she says they don't talk about politics in these meetings because we get transcripts of the meetings. they come with five-year delays. but we would be able to see that if it showed up at some point in the future. i don't think she is lying about that. one point i wasn't satisfied about. i asked if if the fed would center raising rates before the election. i think november is off the table. if they are going to move rates, it will be in december. charles: it was george h.w. bush to blamed the feds, and specifically allen greenspan for not lowering rates during the recession, and he said that caused him the -- cost him the election. >> when you look at when paul voal canner ran the fed, he suf

i've got janet yellen's statement. and it's embargoed for the next half hour, but i'm going to start reading it. italy is represented here. thank you, guys. my people. [laughter] how con desending can you be? i love, by the way, stewart, the way you say vulgar. [laughter] its sounds even worse than the words you might be using. stuart: it's yours. neil: two words, thank you! [laughter] tour stuart some of the really wonderful times we've had pitching to neil cavuto between shows. and look, he's back. >> yea! neil: how you doing, my friend? stuart: well, for some strange reason we're all happy to see you, neil. [laughter] neil: you know, you don't look happy. the others there they sound genuine. you, i don't know. how you doing? [laughter] stuart: neil, you look great. neil: no, you look great. stuart: no, you look great. neil: so what's been going on? stuart: nothing much. did you know that donald trump's running, by the way? [laughter] neil: is he really? stuart: doing quite well. any comment on that? neil: no, but i

it depends on janet yellen who said in august that the case was strengthening for a rate hike. there had been some luke warm data since then. we'll find out next wednesday if she has changed her mind. for "nightly business report," i'm steve liesm. >>> professional trader who has to come in every day and put money on the line. they are obsessed about what the fed is doing because interest rates at such extreme lows, there has to be some move in stocks and bonds and the dollar if and when the fed moves again. but the last two trading days has not helped them understand the situation at all. traders went from complacent on friday morning to a mild panic midday friday, from not caring to suddenly shorting the market. and then on monday, the traders had reversed their positions. this is all in two trading days. how could you make money on this -- on a daily basis when one important fed voter says they want to raise rates on friday and then on monday, another important fed voter says they likely will not raise rates. the short answer is, you really can't. maybe fed officials should

janet yellen standing pat, keeping rates unchange's, sending stocks surging. straight to steve liesman with the full details. >> yeah, melissa. the federal reserve painting the generally up beat view of the economy, saying household spending is growing strongly and job gains solid. it held off from hiking rates, quote, for the time being. noting that inflation remains below its 2% target and trying to give the job market more room to run before hiking rates. but the statement and fed chair janet yellen in her press conference later on suggested that rates will likely rise at least once this year. >> most participants do expect that one increase in the federal funds rate will be appropriate this year. and i would expect to see that if we continue on the current course of labor market improvement and there are no major new risks that develop. and we simply stay on the current course. >> so there's this new metric now, where you can think about for deciding whether or not the fed is going to raise rates. whether labor slack is being absorbed. this chart shows the

janet yellen emphasized they are fully committed to achieving that. achieving that target could easily mean they follow a policy where there is some modest overshooting. i don't think they should be scared of that. tom: she was framing out the nuances of what they were doing and i was stunned that she said one of the risks is "we could cause a recession." can the fed cause a recession? >> of course they can and they have. in the past almost necessarily in some cases when inflation was high. the question is, what policies rate would cause that recession? that is what they are quarreling with. some would suggest the new fed funds rate is 1.5% and some say higher. there is no doubt in a highly leveraged world, highly leveraged financial economy that a 25 basis points or 75 basis point increase might just tip an economy over into recession. michael: you take it is a almost a pledge from janet yellen that they will raise rates in december of nothing untoward happens? >> no, i don't think anything is a pledge from janet yellen anymore. it is all confusing.

steve liesman of course as we watch janet yellen there getting ready. let's go over to wilfred frost now. of course the banks are in focus. wells fargo ceo john stumpf forfeiting $41 million in stock awards and heading to capitol hill as well. wilfred, tell us more. >> yes, david, thanks very much. as well as stumpf's $41 million forfeit, we learned overnight the former head of the community bank will forfeit about $19 million. the timing of these forfeits late in many people's eyes. the size though large, especially the ceo john stumpf. on top of his annual $2.8 million salary, he's received a total of $161 million in performance related pay since 2011 when the wrongdoing began. though he only became aware in 2013. since then he's received $77 million. whichever way you look at it, $41 million is a big chunk. but more importantly it's the sum of his uninvested -- excuse me, unvested pay highlighting the level of dissatisfaction with stumpf internally as well as externally. we've also received his prepared remarks for the house hearing tomorrow from a s

what did janet yellen say? jose: well it seems like yellen and the federal reserve taking a comprehensive look at the biggest banks after what she described a disturbing pattern of recent violations. obviously wells fargo was the elephant in the room, but she refused to respond to the heated questions about the bank and whether the fed should consider breaking it up. she refused to address wells fargo specifically, she told legislators it is important to hold senior management accountable. he is giving up a lot of celery and bond -- salary and bond during this. fanny: thank you so much. european central bank chief mario draghi has perfect -- rejected german criticism of his super loose monetary policy. people say it is hurting their savings and the banks. he is pointing out germans benefit from the ecb's moves. subzero rates are vital, and he is accusing berlin of not doing its bit. reporter: meyer draghi in the lion's den, he has big opponents in berlin. first he lowers interest rates, then does away with them

it was a little weird to see things going on before and after janet yellen's speech. it's not good but it's also not important. everyone talks about uncertainty. if the rate hike is in this -- in december instead of september and it has been clear for weeks, then it's not a big deal. if governor king in the bank of england was there and you are giving speeches, how would he have handled that and how should janet yellen handle this as well? , there is an issue and i was speaking out when i was at bank of england. we actually did coordinate better. we had a system where there was not more than one of us speaking in any given week. if the governor was speaking one week, we all shut up before and after and never responded to his comments. i must admit that i am confused by what the many members of the federal reserve open market committee think they are doing with the amount of talking they are doing. i was not on. tv when i was a voting member of the banking committee. of the fomcbers doing those appearances, i don't understand. let me ask about which message we are gett

janet yellen is one. dudley and then fisher who is the intellectual powerhouse he's one that other fed members follows. he becomes more hawkish. that's when the markets really start to listen. >> so many guests on this show tell us there won't be a temper tantrum or a tightening tantrum this time around don't worry about the emerging market. it seems based on comments on friday there might be a tantrum lurking around the corner. we saw volatility come back. >> that's when you tend to get market volatility although this time around with the fed rate hike, i think the emerging market balance sheets are much better prepared to weather the storm than say a stronger dollar or just weaker emerging market. >> you still favor european equities? >> yes, we do. we've had that view for quite some time now. the u.s. has enjoyed seven disqualify quarters of declining revenues. one point is rising wage cost which is something that the fed is looking at quite closely and one of theee signals for potential for raising ra

during an interview he talked about janet yellen and interest rates. here is what he said. >> staying at zero because she is political and she is doing what obama wants her to do. she is keeping them artificially low to get obama retired. watch what will happen afterwards. i think it is very political. i think she is very political and to a certain extent i think she should be ashamed of herself. >> i come from a time and a period where one would not make such charges without evidence of it. the question i have for donald trump would be where would you put rates? what evidence is there that the fed is keeping it lower for political reasons. would he want to raise rates in order to hurt the economy? what donald trump makes very little sense to me but i think it is rather untorrid to make charges without having actual backing. >> having said that, do you think the fed is mindful of the election day and the timing of any move they may or may not make before or after that? >> i think it is mindful. i think they want it to hike in july. i think there was th

counting down to janet yellen's news conference at the bottom of the hour. bill gross joins us next. hey, jesse. who are you? i'm vern, the orange money retirement rabbit from voya. vern from voya? yep, vern from voya. why are you orange? that's a little weird. really? that's the weird part in this scenario? look, orange money represents the money you put away for retirement. save a little here and there, and over time, your money could multiply. see? ah, ok. so, why are you orange? funny. see how voya can help you get organized at voya.com. narrator:kubo: est place come on, this way.e... narrator: ...is in the forest. kubo: wow. narrator: so grab your loved ones monkey: don't even. narrator: and explore a world of possibilities. kubo: it's beautiful. narrator: visit discovertheforest.org to find the closest forest or park to you. >>> we're under ten minutes away from fed chair janet yellen's news conference. we'll take you there live. and you're looking live at the room where lawmakers will be grilling mylan ceo heather bresch about the company's price hike

jackson hole, janet yellen walked the fine line. stanley fischer said two rate hikes before the end of the year. we backed off in september. 25 basis points is not going to throw the u.s. economy out of bed. i wish she wouldnthey wouldn't of their own shadows. >> you just reminded me we'll have another two, three months of fed speak. i don't think i can take it anymore. for investors that means more volatility, right? >> i've been watching the fed since greenspan, and greenspan used to confuse, but is that any worse than what we have now? one paragraph is what we used to get from the fed. now we get press conferences which last an hour, then the long statement as well. so i don't know which one is better. more communication or less. i would lean towards less and action. >> i would do you think they didn't hike? why weren't more on the side of the three dissenters? >> this is something they talked about, the asymmetric impact of what they do. there are more dangers in moving too son than staying too long. they think if they move too

janet yellen answering some tough questions today. the pursuit of healthier. it begins from the second we're born. because, healthier doesn't happen all by itself. it needs to be earned every day. using wellness to keep away illness. and believing a single life can be made better by millions of others. as a health services and innovation company optum powers modern healthcare by connecting every part of it. so while the world keeps searching for healthier we're here to make healthier happen. >> numerous media reports stated the governor is aging for a stop job qulint on administration if hillary wins. >> we are subject to the restrictions offed the hatch act. '. the federal governor can be in direct negotiations with a political campaign looking for a future job what that's not a conflicts as far as you are concerned? >> i will have to consult my counsel. charles: that was congressman scott jarett grilling janet yellen. congressman gary joins us now. that was one heck of a performance. you kind of had her like a deer in the headlights. the politization of the