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Welcome. My colleagues at the Federal Reserve and i are dedicated to serving the american people. We do this by steadfastly pursuing the goals Congress Gives us of stable prices and maximum employment committed to making the best decisions we can based on facts and objective analysis. Today we decided to lower Interest Rates as i will explain shortly we took the step to help us economy strong in the face of some notable developments to provide assurance against ongoing risk. The us economy has continued to perform well. We are entering the 11th year of economic expansion and the baseline outlook remains favorable. The economy grew at two. 5 percent base in the first half of the year. Household spending supported by a strong job market rising incomes and Rising Consumer confidence is a key driver for growth. In contrast Business Investment and exports have weakened with manufacturing output. The main reason is the trade policy developments those two sources of uncertainty we have been m

United statesFederal reserveCongress givesInterest ratesUs economyYear economicFirst halfJob marketRising consumerConsumer confidenceBusiness investmentMain reasonGrowth outlookSecond quarterHousehold spendingLabor force