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 range to one1. 25 . My colleagues and i and i tooks action help the u. S. Economy keep strong in the face of new risks to the Economic Outlook. The fundamentals of the as the economy remain strong if the Unemployment Rate has been near halfcentury lows for well more than a year. The pace of job gains has been solid, and 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. At the time of our fomc meeting in january, prospects for continued Economic Growth remained favorable and we judge of Monetary Policy was well positioned to support that outlook. Since event the spread of the coronavirus has brought new challenges and risks. The virus has afflicted many communities around the world, and ou
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
But i stand up and whip it up and pretend you havent think deep into the german culture of looking at the stereotypes aquatics put in here think the future of the country but im not blaming. The media needed to be taken to this drama day i believe its all about a new im a joke join me for meet the german funded help you. Post. Some of the worlds best Health Care Systems brought to the brink. Of the. Ground almost standstill. Thousands of people losing their lives. And so far theres no ended signs. That the grim reality of the corona Virus Outbreak right here in europe and if all of that can happen here in one of the richest regions in the world what about countries that dont have those resources. Across the global south infections are lacking quite far behind europe but many countries have started taking drastic action and people are bracing for the worst. There huge huge fear that the weight of this pandemic might lead to a complete collapse so the Colombian Health care system so long
Beethoven is for covering the. Main tovan 2022 the 50th anniversary year on d. W. Some of the worlds best Health Care Systems brought to the brink. The whole city grounds almost standstill. Thousands of people losing their lives. And so far theres no ended signs. Thats the grim reality of the corona Virus Outbreak right here in europe and if all of that can happen here in one of the richest regions in the world what about countries that dont have those resources. Across the global south infections are lagging quite far behind europe but many countries have started taking drastic action and people are bracing for the worst. There is huge huge fear that the weight of this pandemic might lead to a complete collapse so the colombian Healthcare System so long down is truly going to be crucial when i know what if we dont know what youre looking at perhaps do was told that were and were going to talk to an expert in fighting deadly outbreaks who says there is still reason for hope even in som
Response efforts have not instilled much confidence either. Testing kits were notg probaby sent to the hospitals, and medical labs around the country, political personnel has overruled the recommendations for the cdc. In the administration was slow to appoint any single official for the Public Health expertise to coordinated our governments response. Even now, President Trump seems to be spending one of us time blaming commedia and blaming the democrats and being constructi constructive. Infective blades everyone. He is downplaying, the virus to a dangerous degree. His chief of staff amazingly said to americans, turn off your televisions. They know the history of how these viruses spread and work. Winnie to deny them, you dont let people know what is happening and what to do about it. Things getd worse. And if the president , being self centered as is only cares about himself and his image any tribes uas usual instead of solving te problem, blame somebody else. The deflection and finge