A tightening. We dont think theres an inflation problem or anything like that. On the one hand, asset purchases are still going to be continuing. Well still be building our Balance Sheet. The total amount of assets we acquire are probably more certainly monday than was expected in september 2012 or june 2013, so well have a very substantial Balance Sheet, which well continue to hold. And now weve clarified our guidance that we will be keeping rates low well past unemployment of 6. 5 . So, were trying here to get a high level of accommodation. It is true that the purchases are we view as supplementary to the Interest Rate policy. But again, the action today is intended to keep the level of accommodation more or less the same overall and enough to push the economy forward. Dow jones. In an earlier response you sort of laid out the argument or sort of explained why the committee didnt lower the 6. 5 unemployment threshold. Is that conversation over . Have you all put off the table changin
There. Thanks very much. Thank you. Federal reserve chair janet yellen talks about monetary policy. Thats next. And paul bremer and jay carney. Later, a Senate Hearing looks at stock practices and insider training. House republicans will meet tomorrow to elect a replacement for eric cantor. Congressman Kevin Mccarthy of california and labrador of idaho will chair. Next, the head of the Federal Reserve is asked about the status of the Federal Reserve program. Janet yellen spoke to reporters. Good afternoon. The committee concluded its june meeting earlier today. As was indicated in our policy statement, we will make maintained its Forward Guidance regarding the rate target, and remains appropriate. Todays policy actions reflect the committees assessment that the country is continuing to make progress toward maximum employment and price stability. The Unemployment Rate is fourtenths lower than at the time of our march 6th meeting. And those working parttime but preferring fulltime work h
On cspan3, acting assistant administrator testifies live at 9 30 eastern. Later, the faith and Freedom Coalitions road to majority conference with remarks from republican senators along with former florida congressman allen west. That gets underway live at 12 30 eastern here on cspan3. With live coverage of the u. S. House on cspan and the senate on cspan 2. Here on cspan3, we compliment that with Public Affairs events. And then on weekends, American History tv including six unique seeshz. The civil wars 150th anniversary. American artifacts, historic museums and sites to discover what artifacts reveal about americas past. History bookshelf with the bestknown American History writers. Lectures in history with top College Professors delving into americas past. And our new series, real america, featuring educational films from the 1930s to the 70s. Cspan3. Watch us in hd, like us on facebook and follow us on twitter. Senate finance Committee Chair ron widen of oregon discusses some of th
Had they were looking at something that it meant nothing to them as we were able to locate and find. It was not they were totally unaware of the issues concerning the switch not deploying any aspect of it. One individual who did know all of the facts and had that information was mr. Degiorgio. The other engineers who were on the email train it meant nothing to them. So, theres an email im holding it here. On your report. It discusses implementation of the new page 102 and the footnote. I believe thats right the quote is increased torque forces to be within specifications and it was sent to five gm employees on june 2nd, 2006. But we have also obtained another document that was not included in your report and this document indicates that another gm contract engineer may have approved the 2006 change. Its a production part a approval process report obtained by delphi through gms global quality tracking system. It is dated june 1st, 2006, and it lists gm supplier quality engineer. A gm su
In world markets, and it there are two things that you have to notice. There is already a market developed market developed not only to argue against taking action with respect to carbon but a market developed in setting up these financial trading desks that trade carbon that want to lobby to undertake this option. It is a strong and a large industry right now, and there are Interest Groups pushing for this as a solution that, in fact, will not work. Senator. Thank you, mr. Chairman. I am going to go to the epa administrators. Thank you for your service. I have a chart of u. S. Gdp since the Great Depression in 1929. President johnson signed the first Clean Air Act into law in 1963. It was amended in 1970 and 77 as indicated on the chart. I would just like to get a quick answer from each of you. As gdp gone up or down since each of these clean air senator, it has gone up. Thank you. Governor . I cannot disagree with that. It is fact. The Clean Air Act amendment that we were responsible