Rate by one quarter of percen percentage point. Our decision reflects the progress the economy has made and is kpekexpected to make of maximum employment and price stability objectives thats signed to us booy law. We released today of principles and plans and Additional Information on the process that well follow in normalizing the size of our Balance Sheet once we determine it is appropriate to do so. I will have more to say of our Interest Rate decision and our Balance Sheet policy. First, i will review recent economic developments and the outlook. Following a slow down in the first quarter, Economic Growth appears to free bounded and of a moderate growth so far this year. Household spending which is particularly soft earlier this year has been supported by the solid fundamentals including con going improvement in the job market and relatively high levels of Consumer Sentiment and wealth. Business investments which was weak from much of last year has continued to expand and exports s
Year. Fed chair janet yellen announced the move at a news briefing where she discussed the state of the u. S. Economy. This is an hour. Ms. Yellen good afternoon, before i get started, i want to say that our thoughts are with those who are injured this morning. Today, the federal open Market Committee decided to raise the target range of the federal fund rate by one quarter of percent percentage point. It to one to one quarter percent. Our decision r our decision reflects the progress the economy has made toward maximum employment. We also released today as an addendum to our policy normalization, principles, and plans, Additional Information on the process that well follow in normalizing the size of our Balance Sheet once we determine it is appropriate to do so. I will have more to say of our Interest Rate decision and our Balance Sheet policy. First, i will review recent economic developments and the outlook. Following a slow down in the first quarter, Economic Growth appears to have
Year. Fed chair janet yellen announced the move at a news briefing where she discussed the state of the u. S. Economy. This is an hour. Ms. Yellen good afternoon, before i get started, i want to say that our thoughts are with those who are injured this morning. Today, the federal open Market Committee decided to raise the target range of the federal fund rate by one quarter of percent percentage point. It to one to one quarter percent. Our decision r our decision reflects the progress the economy has made toward maximum employment. We also released today as an addendum to our policy normalization, principles, and plans, Additional Information on the process that well follow in normalizing the size of our Balance Sheet once we determine it is appropriate to do so. I will have more to say of our Interest Rate decision and our Balance Sheet policy. First, i will review recent economic developments and the outlook. Following a slow down in the first quarter, Economic Growth appears to have
She expects it to stabilize around 2 over the next few years. This is one hour. Good afternoon, before i get started, i want to say that our thoughts are with those who are injured this morning. Today, the federal open Market Committee decided to raise the target range of the federal fund rate by one quarter percentage point, bringing it to one to one quarter percent. Our decision reflects the progress the economy has made and is expected to make toward maximum employment and price stability objectives thats science to us by law. We also released today an addendum to policy normalization principles and plans and , Additional Information on the process that well follow in normalizing the size of our Balance Sheet once we determine it is appropriate to do so. I will have more to say of our Interest Rate decision and our Balance Sheet policy. First, i will review recent economic developments and the outlook. Following a slow down in the first quarter, Economic Growth appears to free bound
Asked to be chairman of the subcommittee, and im grateful to chairman row for the opportunity. I want to explain that although i look forward to working with ms. Elizabeth esty from connecticut as our new Ranking Member, under Committee Rules ms. Julia brownley is still the subcommittees acting Ranking Member. My understanding is that the full committee will schedule a business meeting to familiarize the subcommittee, im sorry, formalized the subcommittee assignment at our new subcommittee Ranking Members soon. Since we have not got that, i need to see if we have also come and would also want to make sure that we know that we have been joined by the Ranking Member, mr. Tim walsh, and we thank him for being here. I want to ask anonymous consent for the Ranking Member walsh for representative esty and salon be allowed to set at the dais and escalation. I also want to ask unanimous consent that ms. Esty be prepared or permitted to serve as Ranking Member for this hearing, pending her rati