Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We
Nasdaq. Now, here are the negative for stocks today. Dr. Fauci suggesting a lockdown christmas. Why . With all the traveling and celebrating we did over thanksgiving, its expected to produce a new round of infections that will in turn require a new round of restrictions. Well have more on this throughout the show. I get the impression were being treated like children, punished for celebrating our national holiday, but dont get me started. One more item. The biden team takes shape, very similar to the Obama Biden Team that left Washington Four years ago. Neera tanden could go to the budget office, Jared Bernstein expected to become a president ial adviser, he was Vice President bidens chief economist, and back to the future . Sure looks like it, doesnt it . On the show today, the priceline ceo offering deals to get people back to travel. The waffle house ceo, hes pounding the table, keep dining rooms open, hes pleading. And mrs. Fields cookies, their ceo somehow has to replace the reven
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Dont care what going on with the communities. Man 2 any activity by human beings will somehow, you know, like, change the ecosystem that we operate in. Zulu where the guys work, its way, way, way too far. I think we canabout 1. 5 kilometer. Man, voiceover yes, south africa does have mountains of coal, but we also have mountains of asbestos, and we decide to leave asbestos in the ground where it belongs. Man 2, voiceover where the coal mines and the power stations are located is amongst one of the most polluted areas on earth. Man 3, voiceover a very, very large cost to coalmining. Youre basically signing death warrants for people who live there. Zulu the people here are working just to put food on the table. There, they just have to survive. [camera lens clicking] announcer earth focus is made possible in part by a grant from Anne Ray Foundationa margaret a. Cargill philanthropy the Orange County community foundation, and the farvue foundation. [distant rumbling] man and weve got 17 co
Dont care what going on with the communities. Man 2 any activity by human beings will somehow, you know, like, change the ecosystem that we operate in. Zulu where the guys work, its way, way, way too far. I think we canabout 1. 5 kilometer. Man, voiceover yes, south africa does have mountains of coal, but we also have mountains of asbestos, and we decide to leave asbestos in the ground where it belongs. Man 2, voiceover where the coal mines and the power stations are located is amongst one of the most polluted areas on earth. Man 3, voiceover a very, very large cost to coalmining. Youre basically signing death warrants for people who live there. Zulu the people here are working just to put food on the table. There, they just have to survive. [camera lens clicking] announcer earth focus is made possible in part by a grant from anne ray foundationa margaret a. Cargill philanthropy the Orange County community foundation, and the farvue foundation. [distant rumbling] man and weve got 17 co