Welcome. Today to lower the target for the federal funds rate by a quarter of a percentage point to arrange 2 to 2. 25 . The outlook remains favorable, and this action is designed to support that outlook. It is intended to ensure against weak globalks from growth to help offset the effects of these factors currently on the economy. And to promote a faster return our 2 objective. All of these will support achievement of the overarching goal, to sustain the expansion with a strong job market and inflation close to our objective for the benefit of the american people. People. We also decided to conclude the runoff of our securities portfolio in august rather than in september as previously planned. And i will discuss the thinking behind the reduction in turn to the pot forward. As the year began, both the economy and Monetary Policy were in a good place. The Unemployment Rate was below 4 in a are interestrate target was that the low ends of neutral. Over the first half of the year, the ec
Cover was working as a cafe waiter in erbil but he was really a member of the armed Kurdistan Workers Party or p k k its deemed a terrorist group by turkey and the United States on friday morning turkey conducted air strikes on a people make a camp in Northern Iraq where sources say dag trained he allegedly visited the camp 4 times last week some analysts say pinpointing the p. K. Case involvement in the shootings is premature a spokesman with the military wing of the p. K. K. Denies involvement now is that hanna a political analyst says typically that he admits responsibility for attacks in this case he thinks this well executed hit exceeded the groups capabilities. And in this operation surprised everybody including the newly formed government. In the cut a stunt Regional Government and also targeting the nation ship between ankara. The. The suspect is the brother of a turkish member of parliament representing a Pro Kurdish Party the party released a statement saying the accusation i
Inflation to our symmetric 2 objective. All of these objectives will support achievement of our overarching goal, to sustain for the benefit of the american people. We also decided to conclude the runoff of our securities portfolio rather than and september as previously planned. N in september as previously planned. And i will discuss the thinking behind the reduction in turn to the pot forward. As the year began, both the economy and Monetary Policy were in a good place. The Unemployment Rate was below 4 in a are interestrate target was that the low ends of neutral. Over the first half of the year, the economy grew at healthy pace. And it pushed on appointment to near a halfcentury low. Wages have been rising particularly for lower paying jobs. People who live and work in low and middle income communities tell us that many who struggle to find work are now getting opportunities to add new and better chapters to their lives. This underscores the perfect of sustaining expansion. To the
Point to 2 to two and a quarter percent. The outlook for the u. S. Economy remains favorable in this action is to support outlook. To help offset the effect factors were curtly having on the economy and to promote a faster return of inflation to the percent objective. All of these objectives will support achievement of our goal sustained expansion closer objective for the benefit of the american people. We also decided to conclude the runoff of our securities portfolio in august rather than in september as previously planned. And i will discuss the thinking behind the reduction in turn to the pot forward. As the year began, both the economy and Monetary Policy were in a good place. The Unemployment Rate was below 4 in a are interestrate target was that the low ends of neutral. Over the first half of the year, the economy grew at healthy pace. And it pushed on appointment to near a halfcentury low. Wages have been rising particularly for lower paying jobs. People who live and work in lo
Department. This is just over two hours. The committee will come to order. We are having a full hearing today on the nominations for several positions. Three very important nominations , department of transportation. We welcome the nominees and their families and thank them for their willingness to serve. First, we will consider the nomination of rear admiral and phillips ann phillips. Welcome. We are currently facing unprecedented challenges about reports of Sexual Assault the marine academy, investments into our port to ease congestion, and the need for strong leadership at the helm of the Maritime Administration. We are admiral phillips has significant experience in the u. S. Navy in many challenging situations, including operation desert shield, desert storm, in her capacity as director of the Surface Warfare for the chief of Naval Operations. After 31 years of naval service, she serves as a special assistant to the Virginia Governor with a focus on coastal adaptation and protectio