The Unemployment Rate has been near half century lows for well more than a year. Job gains have been solly lid and wages have been rising. Strong labor Market Conditions have underpinned solid Household Spending which has been the key driver of Economic Growth over the past year. At the time of our meeting in january, prospects for continued Economic Growth remain favorable and we judged that Monetary Policy was well positioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks. The virus has affected many around the world and our thoughts and prayers go out to those who have been harmed. The outbreak has disrupted Economic Activity in many countries an prompted Significant Movement in Financial Markets. The virus and measures being take ton contain it will surely weigh on Economic Activity here and abroad for some time. We are beginning to see the effects on the tourism and travel industries and we are hearing concerns from industri
Economy remain strong. The unplanned rate has been near halfcentury lows for more than a year. Job gains solid in wages have been rising. These strong labor Market Conditions have underpinned solid household spending, which has been the key driver of Economic Growth over the past year. Fomc meetingf our in january, prospects for growth remain favorable. Judge that monitoring policy was wellpositioned to support that outlook. Since then, the spread of the coronavirus has brought challenges and risks. The virus has afflicted many communities around the world and our thoughts and prayers go out to those who have been harmed. The art break has disrupted Economic Activity in many countries and has prompted movement in Financial Markets. To virus and measures contain will weigh on Economic Activity, both here and abroad for some time. We are seeing effects on tourism and travel industries and hearing concerns from industries that rely on Global Supply chains. The magnitude and persistence of
Good morning, everyone. Earlier today the federal open Market Committee announced a onehalf percentage point reduction in the target range for the federal funds rate, bringing that range to 1 to 1 1 4 percent. My colleagues and i took this action to help the u. S. Economy keep strong in the face of new risks to the Economic Outlook. The fundamentals of the u. S. Economy remain strong. The unemployment race has been near half century lows. The pace of job gains have been solid and wages have been rising, underpinning solid Household Spending which has been the key driver of Economic Growth over the last year. At the time of our meeting in january, prospects for continued Economic Growth remained favorable and we judged that Monetary Policy was wellpositioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks. The virus has afflicted many communities around the world and our thoughts and prayers go out to those who have been harmed. Th
Chairman powell good morning, everyone. Earlier today the federal open Market Committee announced a one half percentage point reduction in the target range for the federal funds rate bringing that to one to one and a quarter percent. My colleagues and i took this action to help the u. S. Economy keep strong in the face of new risks to the Economic Outlook. The fundamentals of the u. S. Economy remain strong. The Unemployment Rate has been near half century lows for well more than a year. The pace of job gains has been solid and wages have been rising. The strong labor Market Conditions have underpinned solid Household Spending which has been the key driver of Economic Growth over the past year. At the time of our meeting in january, prospects for continued Economic Growth remained favorable and we judged that Monetary Policy was well positioned to support that outlook. Since then, the spread of the coronavirus has brought new challenges and risks. The virus has afflicted many communiti
Week our troops stationed in tough neighborhoods around the world are caught in the political crossfire here at home but 1st the patriot act sailed through congress after 911 now it is about to expire. Im home and cook in washington this is the big picture. When this did not get much Media Coverage the new Expiration Date is march 15th will Congress Really up the patriot act should they lets ask. Author of battlefield america the war on the American People and a government of wolves the emerging American Police state constitutional attorney Rutherford Institute president syndicated columnist and host of the podcast freedom under fire john w. Whitehead and we also welcome the author of everyones crazy except you and me and im not so sure about you americas favorite contrarian cuts loose legal and media analyst and r. T. E. Contributor lionel gentleman welcome back to the big picture thank you thank you in the foggy fearful aftermath of 911 only one u. S. Senator voted against the patrio