These developments, these Global Developments unfold and we will in the coming months. Were we to judge that these developments did create substantial risks or were changing the outlook in some notable way then a change in the outlook is som affect Monetary Policy. As we have said all along, we have no judgment at this point about the appropriate date to raise the federal funds rate and our judgment about that will defend on unfolding economic developments and how they affect our forecast. You stressed in your testimony that the pace of rate increases is more important than the timing of the first rate hike and many economists, including the imf argued that the fed should wait longer to start raising rates possibly waiting until next year, but should then follow a slightly steeper path of subsequent rate increases. So the question is, if the fed waits longer than currently forecasts to start raising rates will that mean a steeper path of rate increases . Well, if we wait longer it cert
Thats why our founders and their infinite wisdom set it up this way about thats our role and responsibility under the constitution, were going to fulfill it we appreciate your doing your jobs and we thank you for your time. This committee stands adjourned. Screeria nigeria. Here on cspan3 we show you Congressional Affairs hearings, on weekends cspan 3 is the home to American History tv. Six unique series the civil wars history. History bookshelf, the best known American History writers, the presidency. Lectures in history with top college professors. Our new series featuring archival government and educational films through the 1930s and 70s. Cspan 3 created by the cable tv industry and created by your local cable and satellite provider. Janet yellin testified last week before the House Financial Services committee, defending the feds Monetary Policy, and reemphasizing the fact that Interest Rates are likely to go up later this year. Congressman jeb henzerling chairs the committee. Com
Of profits. Its soured by continued weakness from pimco but the ceo defended it to cnbc. Its still a strong bond house it used to be as a performance looks total the current fund has an excellent performance year to date. Almost back to its shiny days in performance. In the black for the Second Quarter in a row as the banks turn around plan continues to bear fruit. The company boosted by cost cutting and asset sales. Happy friday everyone and welcome to worldwide exchange. Im seema mody. Alibaba getting real. Find out how the ecommerce giant is trying to win back customers with knockoff goods. This is it, jon stewart boys out after 16 years hosting the daily showment we bring you the highlights from the star studded show. And we speak to the new venture that will deliver food to your door. Well digest the details. Welcome to the show. So the july u. S. Jobs report is out at 2 30 cet with another solid month of hiring expected. Forecasts call for an increase of 215,000 in nonfarm payrol
Every month but this time around, everybody is waiting for it. Thats because the first Interest Rate hike in nearly a decade is on the table. The Federal Reserve chair has repeatedly said that the central bank is dependent and job market is central to its decision. As Hampton Pearson reports, the day before the critical report, we got additional clues as to the health of the labor market. Reporter one day before the al allimportant jobs report, the number of americans filing firsttime unemployment claims rose to 270,000. Another sign the labor market is and at the same time a closely watched report in the private sector shows layoffs topped 105,000 last month, a fouryear high with more than half the cuts coming from the military. Last week, the fed up graded its assessment of the job market, describing employment gains as solid. A jobs report in line with the Consensus Forecast for 215,000 new jobs last month and the Unemployment Rate Holding Steady at 5. 3 could strengthen the hand of
Every month but this time around everybody is waiting for it. Thats because the first Interest Rate hike in nearly a decade is on the table. The Federal Reserve chair has repeatedly said that the central bank is dependent and job market is central to its decision. As Hampton Pearson reports, the day before the critical report we got additional clues as to the health of the labor market. Reporter one day before the all allimportant jobs report the number of americans filing firsttime unemployment claims rose to 270,000. Another sign the labor market is and at the same time a closely watched report in the private sector shows layoffs topped 105,000 last month, a fouryear high with more than half the cuts coming from the military. Last week the fed up graded its assessment of the job market describing employment gains as solid. A jobs report in line with the Consensus Forecast for 215,000 new jobs last month and the Unemployment Rate Holding Steady at 5. 3 could strengthen the hand of mar