Commissioner roy. Commissioner neal sims and please note [inaudible] could i have a motion to approve the agenda for september 2. So moved second. It has been moved and second that we approve the agenda of september 2. All in favor . Opposes . The motion is carried. Could we have approval of the september 2, 2015 Consent Agenda so move. Second it is moved and second that approve the Consent Agenda. All in favor . Aye. Opposed . Ayes carries next is approval of the august 5 meeting minutes. There is a typo on the second page. The sentdance is incomplete and that will be amended the second page under tact the last paragraph. Okay. Could i have a motion to approve the minutes as amended . Moved and second that we approve the minutes as amended. All in favor . Opposed . Is so the motion is carried. Our next item on the agenda reports. Employee of the month. Great. We are having the department of aging will recognize[inaudible] come forward. So, tin is wonderful to be able to honor you toda
The fed can rein in inflation and avoided destabilizing asset price when the time comes. The minutes posted online do little to answer the questions of when and how this we will be done and the most recent fomc transcript available to the public is from 2,008 over seven years ago. Even though the fed has several Monetary Policy tools at its disposal an action of this magnitude as never before been taken to my knowledge. The federal open Market Committee continues to report that it can be patient and keeping the federal funds rate near zero. Too much delay could lead to more painful correction down. What they are thinking and how they analyze this difficult problem remains a mystery. Some continue some continue to dismiss calls for change or more transparency. I would argue that theyre is an even greater need for additional oversight by congress and further reforms our central bank has expanded its influence on households businesses, and markets. Not only pushing the boundaries of tradi
Of justice. The optimism but i sense not just from our students but everyone who feels now is the time to do things differently is palpable. On that very optimistic note i think all of us should thank this marvelous panel. [applause] and i also want to say i no all of you are extraordinarily busy. They are so appreciative. Let me then turned to my cochair and to all of the panelists or Task Force Members for their final comments. A few final thoughts. This is the 7th and last listening session. It it has been an interesting experience. We have gotten a lot of feedback from oral testimony, written testimony, people people who appeared and asked questions, and i am confident that will have concrete recommendations for the president on march 2 as he has requested. I am also optimistic that this is just the beginning of a much broader discussion that needs to happen if we really truly want change. Change. As we all know the best opportunity for changes when you have a crisis. We are at tha
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