We do not think this is an inflation problem or anything like that. On the one hand, asset purchases will continue. We will be building our asset sheet. The total amount of assets are certainly more than was expected in september, 2012, or june, 2013. We will have a substantial Balance Sheet that will continue to hold. Now we have also clarified guidance that we will keep rates low well past unemployment of 6. 5 . We are trying to get a high level of accommodation. It is true that the purchases we supplementary to the Interest Rate policy. 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 laid out the argument against, or the committee did not lower the 6. 5 unemployment threshold. Is that conversation over . Have you put off the table changing the thresholds . Has there been further discussion about perhaps adding a lower bound to the inflation target as w
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
The russian president trying to soften his image. This has been a frightening night. At the sold out Apollo Theater. Witnesses say in the midst of a heavy thunderstorm, portions of plaster began to fall before a larger part of it collapsed. They said watch out, we thought it was part of the play, so that was our reaction, wasnt it . Is. Everything. Debris, dust, everything. Dust, chandelier, all that sort of stuff, landed on about five or six rows. We thought it was sound effects of the theater, and then yeah, and then we just looked up and the whole ceiling was like slow motion, it just came down. Phil, we can see the soot and essentially the dirt on the peoples faces, whats the late that is you are getting from British Police . Well, we are getting is that they are confident that everybody who was in the theater has been safely extracted. There are no people remaining trapped inside. At the scene, currently, and they are starting to up some foot traffic along the street. They have br
The cost costs like in a situatn where i thought you had an immediate deficit increase in the first year here in the last three years or ten years, correct . One of my predecessors said a number of years ago in the context. I would like to use that line here. We think that there are important differences in the effeceffects of the policy beyoe ten year window. Into the analysis on the climate legislation in the discussion over years ago. And in a few other cases we look at the ten year window because those are situations inflated that have markedly different effects to raise the attention of the congress and in those cases the congress is particularly interested in the ten year window, but i do not think that in general the cutting off the tenure changes much if we cut off any other thing in particular. You mentioned immigration and did a dynamic scoring figuring out how the labor what affect. Do you expect within ten years they would be doing the dynamics more and more for taxes and s
Good point. It was only canceled because of congress and the administration that purchased the russian helicopters. On the issue of the demonstrators, we have been assured that those demonstrators who are under detention will be released. If there is further violence against the demonstrators, i am confident that the administration and congress would move forward with a style of legislation. As far as the reforms are concerns, i am not sure that would be sufficient reason to generate sanctions early enough. They fired the mayor of key of antihad nothing to do with the violence against the demonstrators. That is true. I think we need to proceed carefully and with measured steps. We need to make sure that we are not giving the russians propaganda. We must not intervene in internal affairs of a country i think we have to be very careful and measured in the steps that we take. We cannot react in an emotional fashion. I am absolutely appalled by what putin has done. I have pointed out those