On Tuesday, Federal Reserve Chairwoman Janet Yellen testified before the Senate Banking Committee for the first time since Republicans gained control of the Senate in January. While addressing the committee, Yellen made a lengthy case against Audit the Fed legislation. While waving the report in the air, Yellen warned that the bill would make the Fed less effective and harm the US economy. Yellen also told us that the Fed is not poised rates for at least a number of months, but expectations are still for a rate rise sometime this year. Erin weighs in. Then, Erin is joined by Barry Eichengreen – professor of economics and political science at the University of California, Berkeley and professor of American history and institutions at the University of Cambridge. Barry gives us his take on Yellen’s commentary on the Fed’s interest rate policy and how serious the prospect of deflation is. He also dismisses “Audit the Fed” as a potential politicization of central bank policy that would be negative for decision-making. After the break, Erin sits down with James Galbraith – professor of government at the University of Texas at Austin and author of “The End of Normal.” James gives us his positive take on US Senator Bernie Sanders and US Senate Budget Committee Chief Economist Stephanie Kelton and explains how their economic proposals are different than what other Democrats have put forward. Professor Galbraith also weighs in on the US economy and Fed policy. He sees an over-reliance on monetary policy that has limited expansion but believes the Fed has done well within the confines of the existing policy approach. And in The Big Deal, Erin and Edward Harrison discuss boxing and the estimated revenue of the upcoming “Fight of the Century” between Floyd Mayweather and Manny Pacquaio. The purse will be an estimated $200 million, breaking all historical records. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=Ow1XmHsaSZs

At the G20 summit this November, the Federal Reserve will announce new and broader capital requirements for US banks. The market’s bet is that the Fed will require loss-absorbing capital -- which includes equity and debt --- to be somewhere between 20-25% of risk-weighted assets. Erin weighs in. Then, Erin is joined by Anthony Randazzo, director of economic research at the Reason Foundation. According to new regulations (to be decided soon), too-big-to-fail US banks might have to issue at least $260 billion of senior unsecured debt as a buffer between equity capital and deposits. Anthony gives us his take on this and whether or not it’s warranted. After the break, Erin talks to Reggie Middleton – CEO of Veritaseum and inventor of Ultracoin – to talk about banks and bank shares. Reggie also tells us how he thinks banks will respond to Bitcoin and what impact the Internet will have on financial services. And in The Big Deal, Erin and Edward Harrison discuss European stress tests. Eleven firms will fail the exercise and need more capital as credit in Europe contracts. Edward and Erin discuss the implications. Take a look! ... https://www.youtube.com/watch?v=-V0de431-aA

The United States has made the call to shutter China's consulate in Houston, Texas, further chilling relations between the world's two largest economies as markets react to the growing rift. Plus, as the race for a COVID-19 vaccine continues to heat up among medical firms, concerns about non-profit distribution are coming to light. Meanwhile, the owner of the NFL’s Washington Redskins has found himself in a series of fights lately, one of which is about trademark squatting. #BoomBust #QuestionMore #RTAmerica Follow us on Twitter: https://twitter.com/RT_BoomBust Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT Follow Christy Ai on Instagram: https://www.instagram.com/christai_ai/ ... https://www.youtube.com/watch?v=vU0nSKqHqPI

The Securities and Exchange Commission has put the Coinbase exchange in its crosshairs as the global clampdown on the cryptocurrency sector continues to heat up. Boom Bust's Christy Ai and Michele Schneider of MarketGauge.com discuss the growing hostile regulatory climate within the industry. (1:05) Plus, Australia's top court has dealt a blow to Facebook as the nation has ruled that media companies can be held liable for their comment section. Boom Bust's Ben Swann fills us in on the latest developments down under. (9:45) And in the wake of Guinea's unrest rocking aluminum markets, could we soon see China looking elsewhere for its supply? Professor Richard Wolff joins the program to discuss the possibility of a new era of relations with Australia. (18:23) #BoomBust #QuestionMore #RTAmerica Get exclusive content and watch full episodes now by downloading the Portable.TV app: https://bit.ly/DownloadPortable Check out our other shows! NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez News with Rick Sanchez: https://bit.ly/NRSSHOW It’s her take on all things political and she presents ALL the angles: News.Views.Hughes with Scottie Nell Hughes, NVH: https://bit.ly/NVHSHOW What’s your NEWS IQ? Give us 30 minutes, and we’ll take you across the globe! In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress Candid conversations with the most outspoken guy in Hollywood! Dennis Miller + One! Dennis Miller Plus One: http://bit.ly/DennisMillerPlusOne Let our TV time-machine bring you the week’s highlights and a closer look at the BIGGEST stories, Just Press Play: http://bit.ly/JustPressPlayShow Yep, it’s Gov. Jesse Ventura and you’re living in his WORLD! Come along for the ride. The World According To Jesse: http://bit.ly/WATJSHOW They’re watching you. Are you watching them? Are you WATCHING THE HAWKS? Watching The Hawks: http://bit.ly/WTHSHOW Do you keep missing the forest for the trees? Let Holland Cooke show you the Big Picture, The Big Picture: http://bit.ly/TheBigPictureShow Follow us on Twitter: https://twitter.com/RT_BoomBust Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT Follow Christy Ai on Instagram: https://www.instagram.com/christai_ai/ Check out more from RT America! Eat The Press: https://www.youtube.com/playlist?list=PLagVUKF7CUTQsuWo5sCat5spbo2Cqfskm Dennis Miller Plus One: https://www.youtube.com/playlist?list=PLagVUKF7CUTQFiMl7qOaZ9L0Zkq_b9RF- Just Press Play: https://www.youtube.com/playlist?list=PLagVUKF7CUTTuYcV8a3afYQ4pFBm50ZC9 The World According To Jesse: https://www.youtube.com/ ... https://www.youtube.com/watch?v=P4AH-WcpLGY