The federal funds rate target should be anticipated so long as the Unemployment Rate remained above 6. 5 , inflation between one and two years ahead was projected to be no more than half a percentage point above the committees longerrun goal and expectations continued to be well anchored. My colleagues and i have certain sized that the statements in that guy dance were thresholds, not triggers. Crossing one of the thresholds would not automatically give rise to an increase in the federal funds rate target. Instead, it was signaled only that it would be appropriate for the committee to begin considering based on a wider range of indicators whether and when an increase in the target might be warranted. Large scale asset purchases also provide monetary accommodation by lowering longterm Interest Rates. Working through the portfolio balance channel, asset purchases reduced the supply of loan duration assets in the hands of the public, thus reducing longer term yields. At times the decision
The book is about the four Koch Brothers. A lot of people associate the Koch Brothers. Frederick koch is the oldest and this is really the tale of a historic industrial dynasty. They have a fascinating business story. They have a really riveting family story as well. What got you interested in it . I thought in the 2010, 2011 time frame you see charles koch a caricature of who these guys were. And once i started to peel back the layers of that a little bit look into their family background i said, wow, this is a really politics may be thats the least interesting thing about this family. In my mind i see them in the mold of the rockefellers and the carnegies in the sense that their legacy will extend in so many ways beyond our lifetime. Or they all alive . Yes. I want to show the cover of the book and ask you a little bit about each one of the four. As we look at the book cover we see fred who is 80yearold born august 6, 1933. What you can say . He was the eldest and not interested in t
Frederick coke is the oldest and this is really the tale of a historic industrial dynasty. I thought in the 2010, 2011 time frame you see charles coke a caricature of who these guys were. And once i started to peel back the layers of that a little bit look into their family background i said, wow, this is a really politics may be thats the least interesting thing about this family. In my mind i see them in the mold of the rocker fellers and the carnegies in the sense that their legacy will extend in so many ways beyond our lifetime. Are they alive . Yes. I want to show the cover of the book and ask you a little bit about each one of the four. An as we look at the book cover we see fred who is 80yearold born august 6, 1933. What you can say . He was the eldest and not interested in the family business. He has been a patron of the arts and he spent a lot of his life rehabilitating a series Historic Homes around the world including this former wall worth mention and he was kind enough to
Mold of the rockefellers and the carnegies in the sense that their legacy will extend in so many ways beyond our lifetime. Are they alive . Yes. I want to show the cover of the book and ask you a little bit about each one of the four. As we look at the book cover we see fred who is 80yearold born august 6, 1933. What you can say . He was the eldest and not interested in the family business. He has been a patron of the arts and he spent a lot of his life rehabilitating a series Historic Homes around the world including this former wall worth mention former wall worth mention woolworth mention and he was kind enough to give me a tour of this home that he doesnt live in. Hes got an apartment that he lives in. This is his private museum where he has all this phenomenal artwork. He also spent a lot of his life collecting what you might call artistic efeminae. Henry millers first manuscript drafts of tropic of cancer these sorts of things that are really give you a lot of insight into the ar
It is so harsh on the ears, it gets people to disperse. Part of the equipment that has been, that local Police Departments have gotten from the excess, from the overflow of the pentagon, from the wars of iraq and iran. Im going there. Jake tapper is out in the crowd. Ed lavendera as well. Youre right in the middle of it. Whats going on . Reporter right now, you see the Community Leader that weve been following for much of the night as the parade marched up and down the street here is trying to convince people to move back, to move back. Watch out, watch out. Reporter look at this. Coming down the middle of the street. Check this out. Ed lavendera, what do you have . Hey, don, you saw that Armored Vehicle cut its way through the crowd to get to the other side. What is fascinating here is that there is a group of men trying to disperse the crowd. These are not the authorities. These are local religious leaders who have come out here tonight trying to get the people who would be most will