Good morning. Welcome to the november 201 meeting of the federal communication commission. Madame secretary, announce the agenda for the morning. Thank you chairman. Good morning. For todays meeting you will hear eight items for consideration. First you will consider a report in order that would expressly authorize Voice Service providers to block certain types of row bow calls that falsely appear to be from telephone numbers that do not or cannot make out going calls. It would prohibit Voice Service providers from blocking 911 calls urpd the rules and encourage Voice Service providers to provide a mechanism to allow subscribers who le jet mat calls are in order to stop such blocking and clarify providers may exclude blocked calls under these rules from their call completion report. Second you will consider a report a second report in order and second further notice of proposed rule making order on reconsideration and memorandum opinion in order that would make available 1,700 megahert
The order of 20 million on a preliminary basis. More flexibility with Priest Reservoir supply and also hydro power benefits which are currently under evaluation. And so the schedule for this project would be essentially to begin our ceqa and nea process immediately. That would take a little over two years. In parallel, we would do our design process and also the rightofway accusations that are needed for the project for staging areas and access and we would expect to issue notice to proceed on construction in the spring of 2020. At that point, the contractor would mobilize and start doing the excavations necessary for the downstream control new portal at priest. They would do that work in isolation from the existing tunnel and then in 2021, which is our first shutdown, which is shown in red on that chart, we would tie that new downstream control facility into the existing tunnel. Now that is a 60day shutdown. If you recall, before we had that control, we have to drain Priest Reservoir.
Specifically about individual meetings, because thats why we have the meeting were all supposed to hold back on that final decision and then go in and listen carefully to each others views, all the reserve Bank President s, all the governors. Thats how we do it out of respect for each other i will say, senator, i think the case for, you know, for raising Interest Rates at our next meeting is coming together do you anticipate we will be raising rates in december . Well, to repeat myself, senator, i am not going to give you a really specific answer i dont know what coming together means thats why i asked the question again. I think the conditions are supportive of doing that, but we need to go ahead and have the meeting and listen to each other. Before the 2008 crisis, the fed had a lot of authority to regulate and supervise the biggest banks in the country, but failed to use that authority. When times were good, looked like maybe we didnt need strong rules to protect the Financial Syste
The coal industrys wearing off on the Trump Administrations plan to appeal a plan to limit carbon emissions. The state is heavily dependent on coal mining. Global news powered by 2700 journalists and analysts in 120 countries. This is bloomberg. Julia live from bloomberg headquarters in new york, [laughter] julia sorry. Scarlet we are 30 minutes from the close of trading. Jay powell talked of deregulation. Joe whatd you miss . Scarlet lets move on to the headlines. We begin with the tax overhaul. The Budget Committee vowed to advance it. John joins us from a third ranking republican in the senate. And a positive picture of the u. S. Economy. For investors it was his take on regulating big banks that stole the spotlight. And the trade agreement was supposed to help jump start the economy but had the opposite effect. Whatd you miss . President trump will speak shortly from the white house. Well bring you the latest when that happens. A scramble to 50. We are trying to get to 50. We do ha
Costs and passing them on to their customers. Quite a reluctance among firms to do that in the past. Now a little bit more willingness and ability apparently to do that to it janetnecessarily resolve yellens mystery over low inflation but it is a glimmer of hope for people hoping the inflation rate will rise closer to the feds 2 target. All of this is happening in the context of an ever tightening labor market. This is something we are hearing over and over from just about every fed district. Its getting more difficult for companies to fill open positions, find qualified people and thats restraining their ability to grow. One tidbit from this report that i have to share with you is from the dallas fed. Worker shortages were reported throughout the oil and Gas Supply Chain and in construction. Similar reports came from care,cturing, health airlines. Some banks reported labor was becoming a bigger issue than Regulatory Compliance. You guys have heard a lot of in recentg from banks years