Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

The walking robot that could soon be delivering your packagesIt’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…Technologyread more


The walking robot that could soon be delivering your packagesIt’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…Technologyread more
Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: diana olick
Keywords: news, cnbc, companies, vision, fall, thetechnologyread, packagesits, refinances, surge, mortgage, level, vehicles, soon, rates, 2018, robot, packages, neighborhood, walking, visiting, lowest


Mortgage refinances surge 8%, as rates fall to the lowest level since January 2018

The walking robot that could soon be delivering your packages

It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles deliver packages and goods in the…

Technology

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Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: diana olick
Keywords: news, cnbc, companies, vision, fall, thetechnologyread, packagesits, refinances, surge, mortgage, level, vehicles, soon, rates, 2018, robot, packages, neighborhood, walking, visiting, lowest


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This walking robot could soon be delivering your packages

It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles will someday deliver packages and goods. The robot known as Digit and designed and built by Agility Robotics, walks upright on two legs, goes up and down stairs and can carry packages weighing 40 pounds. So why is Ford interested in a walking robot? Ford envisions a future where Digit is part of an autonomous vehicle that could be delivering pizzas, package


It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles will someday deliver packages and goods. The robot known as Digit and designed and built by Agility Robotics, walks upright on two legs, goes up and down stairs and can carry packages weighing 40 pounds. So why is Ford interested in a walking robot? Ford envisions a future where Digit is part of an autonomous vehicle that could be delivering pizzas, package
This walking robot could soon be delivering your packages Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: phil lebeau
Keywords: news, cnbc, companies, deliveries, digit, ford, delivering, soon, vehicles, packages, autonomous, robot, walking, vehicle, fords


This walking robot could soon be delivering your packages

It’s not fast and may be years from visiting your neighborhood, but a walking robot is part of Ford’s vision for how its autonomous vehicles will someday deliver packages and goods.

The robot known as Digit and designed and built by Agility Robotics, walks upright on two legs, goes up and down stairs and can carry packages weighing 40 pounds.

So why is Ford interested in a walking robot?

Digit may be how Ford solves one of the biggest issues confronting the self-driving vehicles it’s developing for companies like Domino’s Pizza and the food delivery firm Postmates: how to get deliveries from cars to the front door?

“As we’ve learned in our pilot programs, it’s not always convenient for people to leave their homes for packages or for businesses to run their own delivery services,” Ken Washington, Ford’s chief technology officer, said in a post on Medium.

“If we can free people up to focus less on the logistics of making deliveries, they can turn their time and efforts to things that really need their attention.”

Ford envisions a future where Digit is part of an autonomous vehicle that could be delivering pizzas, packages or other items.

Designed to fold up when not deployed, Digit could be programmed to carry deliveries from the autonomous vehicle to the front door or exact location of the final destination.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: phil lebeau
Keywords: news, cnbc, companies, deliveries, digit, ford, delivering, soon, vehicles, packages, autonomous, robot, walking, vehicle, fords


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Singapore’s Changi Airport touts the world’s tallest indoor waterfall

Singapore’s Changi Airport has long been touted as the “best airport in the world.” That status becomes even more cemented on April 17, when it will officially open a dazzling presecurity attraction known as Jewel. The next phase of the project rolls out in June, when Jewel Changi Airport opens a bundle of added features (many ticketed) to the public, including a 164-foot-long glass-bottomed bridge, nets for bouncing and walking, mazes, topiary sculptures and more. Housed inside a toroidal, or d


Singapore’s Changi Airport has long been touted as the “best airport in the world.” That status becomes even more cemented on April 17, when it will officially open a dazzling presecurity attraction known as Jewel. The next phase of the project rolls out in June, when Jewel Changi Airport opens a bundle of added features (many ticketed) to the public, including a 164-foot-long glass-bottomed bridge, nets for bouncing and walking, mazes, topiary sculptures and more. Housed inside a toroidal, or d
Singapore’s Changi Airport touts the world’s tallest indoor waterfall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: harriet baskas, source, jewel changi airport, shannon stapleton, joe raedle, getty images, raveendran, afp, matt nager, bloomberg
Keywords: news, cnbc, companies, changi, waterfallthe, waterfall, jewel, tallest, airport, singapore, walking, touts, indoor, singapores, worlds, structure, 17, world


Singapore's Changi Airport touts the world's tallest indoor waterfall

Singapore’s Changi Airport has long been touted as the “best airport in the world.” That status becomes even more cemented on April 17, when it will officially open a dazzling presecurity attraction known as Jewel.

Inside is a lush four-story tiered garden, more than 280 retail and dining outlets, a hotel, a multi-screen IMAX theater and its centerpiece: a 130-foot-tall Rain Vortex, which is the world’s tallest indoor waterfall.

The next phase of the project rolls out in June, when Jewel Changi Airport opens a bundle of added features (many ticketed) to the public, including a 164-foot-long glass-bottomed bridge, nets for bouncing and walking, mazes, topiary sculptures and more.

Housed inside a toroidal, or doughnut-shaped, glass and steel structure designed by noted architect Moshe Safdie, Jewel Changi Airport is adjacent to Terminal 1 and sits on airport real estate that was formerly a parking lot. The striking new structure now covers more than 1.46 million square feet. It has 10 stories — five above ground and five below — and was built on budget, at a cost of $1.7 billion Singapore dollars (US$1.25 billion).

“Not only will Jewel augment Singapore Changi Airport’s offerings,” said Jewel CEO Hung Jean during a preview of the space, “it will also strengthen Singapore as an attractive tourist destination.”


Company: cnbc, Activity: cnbc, Date: 2019-04-12  Authors: harriet baskas, source, jewel changi airport, shannon stapleton, joe raedle, getty images, raveendran, afp, matt nager, bloomberg
Keywords: news, cnbc, companies, changi, waterfallthe, waterfall, jewel, tallest, airport, singapore, walking, touts, indoor, singapores, worlds, structure, 17, world


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Meet the woman who won over Google, Apple and Intel to get more girls into tech

In a small village four hours outside of Bolivia’s capital, La Paz, there exists a community with no currency and little access to technology. They were put there by a group of ten Bolivian teenage girls who wanted to make the hours-long walk to school a little more fun for local children. The game works by encouraging bypassers to scan the barcodes with their smartphones – the one common technology in the area. For every correct answer, players receive a point, which they can use to compete aga


In a small village four hours outside of Bolivia’s capital, La Paz, there exists a community with no currency and little access to technology. They were put there by a group of ten Bolivian teenage girls who wanted to make the hours-long walk to school a little more fun for local children. The game works by encouraging bypassers to scan the barcodes with their smartphones – the one common technology in the area. For every correct answer, players receive a point, which they can use to compete aga
Meet the woman who won over Google, Apple and Intel to get more girls into tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: karen gilchrist, hero images, getty images, -tara chklovski, founder, ceo of iridescent
Keywords: news, cnbc, companies, app, meet, works, woman, won, walking, google, technology, girls, sarana, intel, tech, programming, learn, apple, wanted, little


Meet the woman who won over Google, Apple and Intel to get more girls into tech

In a small village four hours outside of Bolivia’s capital, La Paz, there exists a community with no currency and little access to technology.

And yet, the pathways are littered with QR codes.

They were put there by a group of ten Bolivian teenage girls who wanted to make the hours-long walk to school a little more fun for local children.

The game works by encouraging bypassers to scan the barcodes with their smartphones – the one common technology in the area.

The offline app then presents them with a multiple-choice quiz on a range of educational subjects, such as computer programming, history, English and Aymara — the village’s native language. For every correct answer, players receive a point, which they can use to compete against their friends.

For the girls who built the app – “Learn by Sarana” (Sarana translates to walking in Aymaran) – it was their first real opportunity to learn about technology, let alone programming.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: karen gilchrist, hero images, getty images, -tara chklovski, founder, ceo of iridescent
Keywords: news, cnbc, companies, app, meet, works, woman, won, walking, google, technology, girls, sarana, intel, tech, programming, learn, apple, wanted, little


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Even Democrats in Congress are cheering Trump for walking away from talks with Kim Jong Un

Congressional leaders — including Democrats — broadly praised President Donald Trump for walking away from his second summit with North Korean dictator Kim Jong Un on Thursday. “President Trump did the right thing by walking away and not cutting a poor deal for the sake of a photo op. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. He added that the “president should be commended for walking away when it became clear insufficient progress has been m


Congressional leaders — including Democrats — broadly praised President Donald Trump for walking away from his second summit with North Korean dictator Kim Jong Un on Thursday. “President Trump did the right thing by walking away and not cutting a poor deal for the sake of a photo op. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. He added that the “president should be commended for walking away when it became clear insufficient progress has been m
Even Democrats in Congress are cheering Trump for walking away from talks with Kim Jong Un Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, walking, democrats, trump, president, deal, jong, korea, walk, congress, away, kim, talks, north, sanctions, cheering


Even Democrats in Congress are cheering Trump for walking away from talks with Kim Jong Un

Congressional leaders — including Democrats — broadly praised President Donald Trump for walking away from his second summit with North Korean dictator Kim Jong Un on Thursday.

Talks in Vietnam between Trump and Kim abruptly ended Thursday before a planned lunch and signing ceremony for some kind of agreement. Trump said he cut the summit short because the sides could not come to terms on whether to remove sanctions on North Korea as they seek a path to Pyongyang’s denuclearization.

“Sometimes you have to walk, and this was just one of those times,” the U.S. president said during a news conference following the summit.

Congressional leaders largely cheered Trump for backing out of talks instead of agreeing to unfavorable terms. Democrats in particular said they had worried about the president striking an inadequate deal — in part to alleviate pressure created by his former lawyer Michael Cohen’s explosive Capitol Hill testimony on Wednesday.

“I was pleased to see the president recognize North Korea’s unwillingness to strike a comprehensive deal,” Senate Minority Leader Chuck Schumer said on the Senate floor Thursday. “President Trump did the right thing by walking away and not cutting a poor deal for the sake of a photo op. … I’ve always been concerned about the possibility of a bad deal, especially with the other pressures currently on the president.”

While House Speaker Nancy Pelosi declared Kim “the big winner” for getting two face-to-face meetings with the U.S. president, she praised Trump for walking away on Thursday. The California Democrat told reporters “it’s good that the president did not give him anything for the little that he was proposing.”

Trump has pushed North Korea to give up its nuclear weapons, touting the economic benefits the repressive country could see if the U.S. and international community ease sanctions. Kim is reluctant to give up nuclear weapons and the leverage they give him.

Trump hopes to notch a signature foreign policy achievement by pushing North Korea to denuclearize. He also wants to show he could accomplish what his predecessor President Barack Obama could not. Trump has repeatedly claimed the U.S. was on the brink of war with Pyongyang before he took office, although Obama administration veterans dispute this characterization.

But Trump’s clamoring for a deal did not drive him to accept one Thursday. The president said he “would not have been happy about” any agreement that would have come out of the leaders’ second summit.

“Basically, they wanted the sanctions lifted in their entirety and we couldn’t do that,” Trump said. “They were willing to denuke a large portion of the areas that we wanted, but we couldn’t give up all of the sanctions for that. So we continue to work and we’ll see, but we had to walk away from that particular suggestion. We had to walk away from that.”

Senate Majority Leader Mitch McConnell called it “smart” to meet Kim in Singapore and in Vietnam to show him the “economic prosperity” possible if North Korea abandons its nuclear and missile programs. He added that the “president should be commended for walking away when it became clear insufficient progress has been made on denuclearization.”

In a tweeted statement, Trump confidant Sen. Lindsey Graham said “it’s better to walk away than sign a bad deal.”


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: jacob pramuk, getty images
Keywords: news, cnbc, companies, walking, democrats, trump, president, deal, jong, korea, walk, congress, away, kim, talks, north, sanctions, cheering


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Here are smart money moves to help build long-term financial security

When you start earning steady income, it can feel as momentous as going from crawling to walking. You might be able to afford to dine at a restaurant you previously couldn’t, or maybe you can finally pay your bills on time or consider renting an apartment that better suits you. As these new possibilities present themselves, remember that it’s also a great time to position yourself for long-term financial security. “To me, money equals choices,” said Kathryn Hauer, a certified financial planner w


When you start earning steady income, it can feel as momentous as going from crawling to walking. You might be able to afford to dine at a restaurant you previously couldn’t, or maybe you can finally pay your bills on time or consider renting an apartment that better suits you. As these new possibilities present themselves, remember that it’s also a great time to position yourself for long-term financial security. “To me, money equals choices,” said Kathryn Hauer, a certified financial planner w
Here are smart money moves to help build long-term financial security Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: sarah obrien, getty images, -kathryn hauer, certified financial planner with wilson david inve
Keywords: news, cnbc, companies, longterm, build, walking, things, choices, way, youas, financial, security, smart, better, money, wilson, help, suits, moves


Here are smart money moves to help build long-term financial security

When you start earning steady income, it can feel as momentous as going from crawling to walking. You might be able to afford to dine at a restaurant you previously couldn’t, or maybe you can finally pay your bills on time or consider renting an apartment that better suits you.

As these new possibilities present themselves, remember that it’s also a great time to position yourself for long-term financial security.

“To me, money equals choices,” said Kathryn Hauer, a certified financial planner with Wilson David Investment Advisors. “If you focus on the idea that money lets you make choices that make your life better, it’s a good way to encourage yourself to do things now for your future self.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: sarah obrien, getty images, -kathryn hauer, certified financial planner with wilson david inve
Keywords: news, cnbc, companies, longterm, build, walking, things, choices, way, youas, financial, security, smart, better, money, wilson, help, suits, moves


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Hyundai unveils walking car design that has ‘limitless’ possibilities

“Sticking with four wheels might lead to some stability issues when ‘walking,'” he told CNBC via email. “When two of the legs are lifted, the car could have balance issues with only two remaining wheels planted on terra firma. “The ultimate challenges … are uncertain parameters of terrain and ensuring the dynamic stability of the vehicle,” he said. “For example, in a realistic terrain, the vehicle may be challenged by regions causing tip-over, trapped wheels, or loss of traction. Montazeri added


“Sticking with four wheels might lead to some stability issues when ‘walking,'” he told CNBC via email. “When two of the legs are lifted, the car could have balance issues with only two remaining wheels planted on terra firma. “The ultimate challenges … are uncertain parameters of terrain and ensuring the dynamic stability of the vehicle,” he said. “For example, in a realistic terrain, the vehicle may be challenged by regions causing tip-over, trapped wheels, or loss of traction. Montazeri added
Hyundai unveils walking car design that has ‘limitless’ possibilities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: chloe taylor, hyundai motor uk
Keywords: news, cnbc, companies, design, limitless, terrain, issues, regions, noted, possibilities, stability, told, concept, wheels, car, system, unveils, hyundai, vehicle, walking


Hyundai unveils walking car design that has 'limitless' possibilities

However, Michael Whiteley, head of fuel cell engineering at UCL’s Electrochemical Innovation Lab, noted that while it was good to see Hyundai pushing boundaries, it was unlikely the Elevate concept would become a reality anytime soon.

“Sticking with four wheels might lead to some stability issues when ‘walking,'” he told CNBC via email. “When two of the legs are lifted, the car could have balance issues with only two remaining wheels planted on terra firma. Will we see this in the future? Possibly not in the near future. The concept is a great idea, and may very well evolve over time – (but) I don’t think that we are quite ready for this yet in terms of system cost and the feasibility issues of implementing such a vehicle to terrestrial application.”

Allahyar Montazeri, lecturer in engineering at Lancaster University, told CNBC via email Wednesday that the proposed design could take vehicle use in rough terrain to “the next level” – but he noted that the mechanics were complex.

“The ultimate challenges … are uncertain parameters of terrain and ensuring the dynamic stability of the vehicle,” he said. “For example, in a realistic terrain, the vehicle may be challenged by regions causing tip-over, trapped wheels, or loss of traction. Some regions are not traversable at all and others may cause disastrous system failures.”

Montazeri added that the concept demanded an advanced design, incorporating elements of artificial intelligence to analyse potentially dangerous terrain with minimal action from the vehicle’s operator.


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: chloe taylor, hyundai motor uk
Keywords: news, cnbc, companies, design, limitless, terrain, issues, regions, noted, possibilities, stability, told, concept, wheels, car, system, unveils, hyundai, vehicle, walking


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A giant insurer is offering free Apple Watches to customers who meet walking goals

Hundreds of thousands of UnitedHealth customers who participate in a health rewards program can now “walk off” the cost of an Apple Watch, essentially getting a $300 version of the device for free. Apple is increasingly in talks with insurers about getting the cost of its Apple Watch subsidized, as it moves more deeply into the health and wellness space. Their workers can request an Apple Watch (up to a Series 3), if they don’t have one already, and they pay taxes and shipping for a device. Thos


Hundreds of thousands of UnitedHealth customers who participate in a health rewards program can now “walk off” the cost of an Apple Watch, essentially getting a $300 version of the device for free. Apple is increasingly in talks with insurers about getting the cost of its Apple Watch subsidized, as it moves more deeply into the health and wellness space. Their workers can request an Apple Watch (up to a Series 3), if they don’t have one already, and they pay taxes and shipping for a device. Thos
A giant insurer is offering free Apple Watches to customers who meet walking goals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: christina farr, todd haselton, magdalena petrova
Keywords: news, cnbc, companies, offering, giant, steps, watch, walking, apple, series, insurer, rewards, free, program, watches, customers, health, device, cost, complete, meet, goals


A giant insurer is offering free Apple Watches to customers who meet walking goals

Hundreds of thousands of UnitedHealth customers who participate in a health rewards program can now “walk off” the cost of an Apple Watch, essentially getting a $300 version of the device for free. The program could potentially encompass millions of new customers.

Apple is increasingly in talks with insurers about getting the cost of its Apple Watch subsidized, as it moves more deeply into the health and wellness space. It held meetings in August of last year with another insurer, Aetna, to discuss ways to bring the device to its more than 20 million members.

The integration with UnitedHealthcare, which is the largest U.S. health care company, could mean a boost in sales of the Apple Watch as more people are able to buy it at an affordable price.

United Healthcare, which is part of UnitedHealth Group, covers around 50 million people. Since 2015, it has been investing in its program called “Motion,” which provides rewards to those who walk more than 10,000 steps per day. Hundreds of thousands of people are enrolled in Motion through their employer, said a United Healthcare spokesperson.

Employers can opt in by turning on the Motion program.

Their workers can request an Apple Watch (up to a Series 3), if they don’t have one already, and they pay taxes and shipping for a device. Once they receive their smartwatch, they get up to $4 per day towards the price of the watch by achieving certain activity milestones. Those who already have an Apple Watch, including the newer Series 4, can integrate it with the program to earn cash rewards for activity.

Within six months, members can essentially earn the device for free and get extra rewards on top of via their health savings account. The Apple Watch Series 3 retails for less than $300, and the maximum amount offered through the program is $540 within a six-month timeframe.

The “FIT” program requirements laid out by United Health are as follows:

Frequency: Complete 500 steps in 7 minutes an hour apart, at least six times per day;

Intensity: Complete 3,000 steps in 30 minutes, at least once per day; and

Tenacity: Complete at least 10,000 steps per day.

Those who don’t complete enough goals to earn the cost of the watch within six months will be liable for a percentage of the cost of the device.

Apple did not return a request for comment on the program.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: christina farr, todd haselton, magdalena petrova
Keywords: news, cnbc, companies, offering, giant, steps, watch, walking, apple, series, insurer, rewards, free, program, watches, customers, health, device, cost, complete, meet, goals


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Story Exchange: How to seriously make a difference through your work

Sherri Franklin was running a successful San Francisco hair salon when she realized something: Work just wasn’t as satisfying as it used to be. What was rewarding, though, was volunteering at the local animal shelter. “I just go mad for the dogs,” she says, particularly the old ones with gray or white faces. “Old dogs are my calling.” More from The Story Exchange:Muttville’s startup story5 Sources of Money for Your StartupGood on the GroundResearch shows that old dogs over 7 are often considered


Sherri Franklin was running a successful San Francisco hair salon when she realized something: Work just wasn’t as satisfying as it used to be. What was rewarding, though, was volunteering at the local animal shelter. “I just go mad for the dogs,” she says, particularly the old ones with gray or white faces. “Old dogs are my calling.” More from The Story Exchange:Muttville’s startup story5 Sources of Money for Your StartupGood on the GroundResearch shows that old dogs over 7 are often considered
Story Exchange: How to seriously make a difference through your work Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-20  Authors: colleen debaise, the story exchange
Keywords: news, cnbc, companies, difference, old, shelter, volunteering, work, exchange, hair, white, walking, dogs, seriously, franklin, wasnt


Story Exchange: How to seriously make a difference through your work

Sherri Franklin was running a successful San Francisco hair salon when she realized something: Work just wasn’t as satisfying as it used to be.

What was rewarding, though, was volunteering at the local animal shelter. “I just go mad for the dogs,” she says, particularly the old ones with gray or white faces. “Normal people have a reaction to puppies,” she says. “Old dogs are my calling.” She spent hours walking an old basset-beagle mix named Heidi — and was heartbroken to arrive at the shelter one day and learn that her furry friend had been euthanized.

More from The Story Exchange:

Muttville’s startup story

5 Sources of Money for Your Startup

Good on the Ground

Research shows that old dogs over 7 are often considered “unadoptable” and put down even if they are in good health with friendly personalities. Motivated by grief, Franklin became committed to changing that statistic, even though her job experience entailed managing salons, cutting hair and (generally speaking) dealing with humans. “It was a leap of faith,” she says. But, “I had a burning feeling that I had to try.”


Company: cnbc, Activity: cnbc, Date: 2018-10-20  Authors: colleen debaise, the story exchange
Keywords: news, cnbc, companies, difference, old, shelter, volunteering, work, exchange, hair, white, walking, dogs, seriously, franklin, wasnt


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‘I would not associate Jay Powell with craziness,’ says IMF’s Christine Lagarde

International Monetary Fund managing director Christine Lagarde said Thursday she “would not associate” U.S. Federal Reserve Chairman Jerome Powell “with craziness.” “I would not associate Jay Powell with craziness. Lagarde made the comment in response to a question from CNBC’s Geoff Cutmore about U.S. President Donald Trump. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally. Lagarde added: “All over the world, it is certainly a


International Monetary Fund managing director Christine Lagarde said Thursday she “would not associate” U.S. Federal Reserve Chairman Jerome Powell “with craziness.” “I would not associate Jay Powell with craziness. Lagarde made the comment in response to a question from CNBC’s Geoff Cutmore about U.S. President Donald Trump. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally. Lagarde added: “All over the world, it is certainly a
‘I would not associate Jay Powell with craziness,’ says IMF’s Christine Lagarde Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: weizhen tan, ted kemp, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, walking, christine, jay, associate, president, bank, fed, imfs, craziness, certainly, central, powell, think, world, lagarde


'I would not associate Jay Powell with craziness,' says IMF's Christine Lagarde

International Monetary Fund managing director Christine Lagarde said Thursday she “would not associate” U.S. Federal Reserve Chairman Jerome Powell “with craziness.”

“I would not associate Jay Powell with craziness. No, no, he comes across, and members of his board, as extremely serious, solid and certainly keen to base their decisions on actual information, and decide to communicate that properly,” she said, speaking to CNBC at the IMF and World Bank annual meetings in Bali, Indonesia.

Lagarde made the comment in response to a question from CNBC’s Geoff Cutmore about U.S. President Donald Trump. The American leader knocked the Fed on Wednesday for continuing to raise interest rates despite some recent market turbulence.

“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” the president said after walking off Air Force One in Erie, Pennsylvania for a rally.

Lagarde added: “All over the world, it is certainly a good principle to have independence of the central banks and of the central bank governors. Certainly we have advocated that in all countries, and I think that the Fed is no exception.”


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: weizhen tan, ted kemp, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, walking, christine, jay, associate, president, bank, fed, imfs, craziness, certainly, central, powell, think, world, lagarde


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