Appears to have been temporary. Indicators for the Second Quarter have so far pointed to a sizable rebound. This recovery is a key factor supporting the committees expectation that Overall Economic activity will expand at a moderate pace over the next few years. Despite lackluster Economic Growth the job market continued to improve early in the year. During the First Quarter job gains averaged nearly 200,000 per month, just a bit slower than last years pace. And the Unemployment Rate held near 5 even though notably more people were actively looking for work. However, more recently, the pace of improvement in the labor market appears to have slowed markedly. Job gains in april and may are estimated to have averaged only about 80,000 per month. And while the Unemployment Rate fell to 4. 7 in may, that decline occurred because fewer people reported that they were actively seeking work. A broader measure of unemployment that includes individuals who want and are available to work but have
Claim that his rhetoric helps isis recruit. When she says my opposition to radical islamic terror provides comfort to the enemy, then we know that Hillary Clinton has once again demonstrated that she is really unfit for office. Reporter trumps Campus Campaign stop also shows a strong effort to tap into the vote. On november 8 you shouldnt relax. You should get all of your friends to vote, you know that, right . Reporter but they are not easily giving up one of their strongest voting basis. Younger voters who are typically liberal leaning. The Clinton Campaign out with a new radio ad targeting millennials and african americans. Hillary clinton should create more jobs, make College Debt Free and change the law that put too many brothers and sisters in jail for too long. Reporter the ad playing in tossup states that clinton needs to win including florida. Where a new poll shows clinton ahead of trump by five points. But down from last month. Her lead narrowing by nearly half. Clinton is o
Stabilize. I will be that there is a limit below which oil prices are likely to rise. We look at Market Expectations, market forctations are stabilization. And then some gradual upward movement. I certainly grant that we have had a series of shocks, pushing them down. But we are not looking for them to revert back to the higher levels that they were at. Merely to stabilize. Would point out, you ask me, would we tolerate overshoots . For a number of years between 2004 and 2008 we had a series of increases in oil prices that for a series of years raised inflation above. Again, we didnt have a 2 and 2 objective then. We judge those increases to be transitory as well. Looking through them, we do monitor Inflation Expectations very carefully. If we saw in a meaningful way that Inflation Expectations were either moving up in a way that made them seem unanchored or. Own, that would be of concern we have called attention to some slight downward movements and some survey measures. We are watchi
Policy is with the entire path of Interest Rates will look like. And i really dont have much for you other than to say that they will be data dependent. That over time the stance of policy will be adjusted to try to keep the economy on a track where we see continuing progress toward achieving our goals of maximum employment and price stability. Theres, you know, the federal funds rate has been sitting in this zero to a. 25 range now for 6 years. This is and we have a large Balance Sheet. Were providing a very highly accommodative Monetary Policy. And even as we begin to normalize the stance of Monetary Policy when that becomes appropriate, its important to remember that Monetary Policy will still be very accommodative for a long time. And as we begin to normalize policy well be looking at unfolding economic developments and as the economy strengthens and we come closer to achieving our objectives i think its very likely that we will, you know, progress on the path of normalizing policy
That the first two years of the obama administration, the economy went nowhere but down as there was a lot of government activity than the last two congresses in the last four years things leveled out. With Interest Rates low and the government not doing much, american businesses did well. With oil prices down weve seen a boom in the economy. If the government can stop doing things other than taking apart what theyve done or diminishing what theyve done well be in good shape. Neil we put together something fun to show how the dows performed juxtapose against the number of new builds and legislation, and it does indicate what you are saying when. Things in terms of what congress is churning out on either the senate or the house, markets did better. With washington getting out of the way, stocks were up up and away. It makes a lot of sense, american businesses do better when the government doesnt interfere with what theyre trying to do, i think the first two years of the obama administra