Because inflation is now very low, fed policy is focused on reducing slack in the labor market and raising inflation to about 2 . At some point a stronger economy may bring higher inflation rates. With the fed be willing to raise the fed funds Interest Rate above the rate of inflation if the inflation rate begins rising above 2. 5 even if there is still slack in the labor market question mark so let me emphasize that our commitment is twosided. We do not want to see inflation run persistently below our two percent target. We also do not want to see inflation run persistently above our two percent target. Agofomc about two years wanted to make very clear that we have a very strong commitment to a two percent longer run inflation goal. And we for the first time issued a clear statement that 2 as the longer run inflation goal and we remain committed to it. This continues to be the case. Although with inflation running , at this when, as i mentioned, i think the risk is greater that we sho
A controversy in this country. You not say that the diversion of that resource to china, japan, korea, etc. , wouldnt that solve the problem of keeping the russians and the chinese from getting together too much . The short answer there is no. Deal isese russian oil further along, because oil is not priced globally. You can fix the price for oil. In fact the russians just tripled their perspective supplies. Those are large volumes, it will be about one Million Barrels per day going into china. The Keystone Pipeline has gone into a lot of environmental opposition. It has had plenty of opposition going towards British Columbia as well. This idea that the alberta tar sands can automatically go to china does not work quite that way. His oil. Oil is a fungible market. China can buy oil, that is not a problem. Host we appreciate you joining us to talk about your story today. That will do it for todays washington journal. We are taking you live now to the American Enterprise institute for a t
Assaulted, in his view, by British Security services. He said it was an attack on free speech and the freedom of the press. But he was carrying stolen documents. Is there any difference between that and, say, a drug smuggler stopped at heathrow or diamond smuggler stopped at heathrow . Or some other illegal activity, although it is more serious . It was the smugness, the arrogance of it. This toxic combination of arrogance and incompetence has been one of the hallmarks of all of this. Of course, greenwald said you arrested my partner, therefore i am going to be much more aggressive in my reporting. I know lots of things about the english spy system that i am going to reveal. If you have the audacity to stop my partner at heathrow, i am going to purposely damage your National Security as a consequence. What sort of world do we live in when that gets a Pulitzer Prize for Public Service . Lets talk about that. My newspaper was just awarded the Pulitzer Prize for that Public Service. The g
Missions . What is the cumulative impact . What is this water we are using . Is it some of this up wastewater we are injecting causing earthquakes . I think one of the mistake that was made is we were so far into the bone before we started asking questions. The good news is, when you start looking, there are answers. There are solutions. There are ways to do this better and do it right. The good andld on bad of fracking. Atpan coverage begins today 1 00 p. M. Eastern. Slavery and the war in virginia. Edward and later, our april selection, ring west. Former British Defense minister liam fox. Is also a member of the british house of commons. He spoke at the American Enterprise institute for about an hour. Good morning. Welcome to the American Enterprise institute. I am a fellow here, and we are liam least to welcome dr. Fox. He is a member of the british parliament. He has been there for 18 years. He was the Shadow Health secretary, shadow defense secretary, and when David Cameron came i
Woodruff and its friday. Mark shields and david brooks are here to analyze the weeks news. Those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by charles schwab, proud supporter of the pbs newshour. And by bnsf railway. Bae systems. Inspired work. And with the ongoing support of these institutions and foundations. And friends of the newshour. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff a final decision on a muchdebated extension of the Keystone Oil Pipeline has been delayed again, possibly until after the november elections. The u. S. State Department Today extended the federal review of the project indefinitely. It cited a Nebraska Court fight over the route. The pipeline would extend from canada to nebraska, then connect with existing lines carrying crude oil to refineries in texas. An avalanche