do you, however, it's the only known photo in existence of alan greenspan smiling. this is ari, of course, i was chewing him out here. i'm saying, ari, i am sick and tired of you not fulling answering all the wonderful questions asked by our hardworking white house press corps. are you sure, ari? we're not leaking enough. are you sure that given them enough access to me, i've an idea. i'll do more interviews with baseball tonight. now, part of the job of a president is to meet with representatives of special interest groups. here i am meeting with representatives from the american cloning council. i try work with republicans and democrats alike for political reasons. some democrats prefer that it not be known they are working with a republican president, so they slip in back door like hillary clinton here. it's not all work, of course. one day i decided to show some of the staff, the white house bowling alley boys and girls. there is a reason you wear those bowling shoes. of course, another job of the president dealing with the white house press. you some pretty tou

kondracke his turn to sit up front on the way home. 625 andrea mitchell arrives on the arm of alan greenspan. greenspan pays the courtroom attendant $1. and mentions that last year it only cost $0.75. one minute later, five people in the immediate vicinity rush to call their brokers. 652 jim miklaszewski discreet lee tells brian williams he's sitting in tom brokaw chair. 709 bill plante arrives at the cbc table and receives many favorable comments about his new george clooney haircut. one cbs executive president, however, suggested he might try a hairstyle from chicago hope instead. 715 joe klein introduces the entire newsweek table to his imaginary friend. whom he whom he identifies as anonymous. 739 brian williams is back and tom brokaw. 809 sarah mcclendon confronts a man seated at the vanity fair table. demanding to know what he has done with the real oliver stone. visibly flustered, the man offers up a half hearted explanation involving cuban nationalists. 835 breaking news, wolf blitzer breathlessly does a live feed from the front lawn of the hilton to announce. cnn has learned the des

when paul volcker and alan greenspan where the chairs they would take action and you had to figure out later what they did because they did not have press conferences. after the fed takes action now chair powell explains what they did, and i think he has the confidence of the board and the confidence of people setting interest rates. i think he has done a pretty good job. if there is any mistake i think many people made the mistake of using the word transitory when covid began to infect our economy, and we spent -- the trump administration and the body demonstration spent roughly $5 trillion of money that was not correspondingly dealt with with tax increases. we spent $5 trillion more than we otherwise would have spent, and by doing that you produce inflation. and it was not transitory. and they recognized it was not transitory that began increasing interest rates, and now they have the inflation rate down to slightly below 3%. getting it to 2% is difficult. very difficult. before when all of us were -- many of you my age were in college the college textbooks would say, the standard ra

he's staying in his lane and in fact more than fed chairman have and chairman alan greenspan involved with fiscal policy down and get dovish and he's not seeing that as one of his jobs and that's a important place to be right now. and he's been told, many times by congress e you should be doig this and that and that's a important line and working for the american people and that's his job and can't bend political whims otherwise those chairman that have, arthur burns in particular under the nixon administration, that helped stoke the flames of stagflation in the 19 70s. taylor: we appreciate your time and glad to chuckle during the press meetings. diane swonk, thank you. >> thank you. taylor: fox business alert and checking interest rate sensitive stocks at this hour and first biggie up is financials but definitely benefiting with a stepper yield curve and seeing gains here for the financials and housing stocks higher they continue to come down and finally going for the risks of that economic slow down and higher prices are increasing and powell did not commit to a rate cutting path.

for bny investments and served as economist for the federal reserve, wow, through ben bernanke, alan greenspanth all kinds of economic situations. as you look at the entire landscape, should the fed if cut rates? let's say forget this week because we don't think they will, but in june? >> i think the fed is going to cut rates. it could be june, it could be september. quarterly meetings are nice because they have their forecast and the reason is that tariffs are going to be a hit to aggregate demand, and the fed should lean into it. the problem is two parts. it's got to see that inflation expectations are well anchored after the tariffs come into place and, second, it can't be sure the tariffsplace until they're in place because the administration hasn't exactly been consistent in announcements. liz: judy, if you were running the show, would you cut rates on wednesday. >> >> i would. i think that in the if grand scheme of things at a time when we're trying to transform the economy having access to capital is the most important thing you could do in terms of helping domestic producers take over

, particularly of subprime mortgages, far more aggressively and for federal reserve chairman, alan greenspan, who was required by law to regulate subprime mortgages and summed his nose at the law, saying i know better. that regulation is not necessary, a practice the federal reserve still does to this day in many ways, strong-armed and basically with the help of treasury and other people, pushed it down and cftc did not step in and we know what happened with the derivatives of subprime mortgages and chairman greenspan went before congress. sorry, i made a mistake. did not wipe out his life savings. i don't know how many federal reserve staff were evicted or lost their home. i do know that 5 million americans were foreclosed and this idea about strong versus weak regulator i -- i think the question of vision and the ability. there is a power dynamic that's very much at play in washington that the rest of the world may not see where the federal reserve can bigfoot other regulators even if it's not in the area. let's talk fully about your tenure at the cftc because you know, you have a long car

alan greenspan told everyone to take a teaser rate and then raise the rates 17 times. >> jim was so upsetpassionate and he wanted to be heard. >> and he couldn't stop himself. >> and he has no idea what it's like out there. none. >> jim was. >> losing his mind. >> on air, losing his. >> mind, and i. >> thought that it was. >> a little out of character, even for him. >> you could literally hear the screaming. so much so that i actually walked down to see what is going on. and it was cramer just screaming. >> you know he was. >> pounding his. >> fist on the. >> table right. and they know nothing they know. >> and he was just. >> and it was just. >> from his core. >> it was. >> from the depth. >> of his. his being. >> and these firms are going to go out of business. and he's nuts. they're nuts. they know nothing. >> i think. >> that jim. cramer was. literally the only. >> member of the. >> media. >> financial or otherwise, who understood the problem that. >> was about. >> to start unraveling. >> there was a real question as to whether the fed was fully cognizant of the deterioration that was