To run below our objective, a mild undershooting of the Unemployment Rate considered to be normal in the longer run could help inflation, could help move inflation back to 2 more quickly. Second, a stronger job market could also support labor market improvement along other dimensions, including greater labor force participation. A third reason relates to the risks associated with the constraint on conventional Monetary Policy when the federal funds rate is near zero. If inflation were to move persistently above 2 , or the economy were to become noticeably overheated, the committee could readily increase the target range for the federal funds rate. However, if inflation were to remain persistently low or the expansion were to falter, the fomc would be able to provide only limited amount of additional stimulus through conventional means. These motivations notwithstanding, i continue to believe that it will be appropriate to gradually reduce the degree of Monetary Policy accommodation, pr
We have to deal with a little bit of a breeze, up around 10 miles per hour, so that adds little chill to the air. Good news, passing clouds to the Lehigh Valley and the poconos, not producing any rainfall. See a loft sunshine today. After the chilly start mostly sunny skies, through the morning into the afternoon. Warm up, temperatures stay below average today it, changes over the next 24, 48 hours. Breaking down your temperatures, lower 60s by 9 00 in the sunshine, lunchtime, low 70s, very nice breezy, mid 70s, mid 70s at the shore, 60s in the poconos. Checking forecast, now a look at the roads with meisha. Lets do this, justin, good morning to you. Good morning to all of you at home. Just waking up with us, good morning. We hope you are grabbing a cup of coffee, peaking at the roadways, live look outside the ben franklin bridge, for those of you coming into jersey, center city, slowly starting to build more and more headlights, starting to get out there. Then also on the eastbound si
I dont think tractortrailers should be allowed on that street because they are so big and stuff like this can happen. It is a hazard for everyone, not only the family, but if someone was crossing the street they do have been hit, they could have been injured. Both drivers are in stable condition. No one was home at the time of the crash. Police are looking for the two armed robbers, who stole tens of thousands of dollars from a man in broad daylight, happened in the northeast outside pathmark at large and blie around 6 00 were told, investigators say the 37 year old victim may have been targeted. Police say he was getting ready to deposit 70,000 in cash when two men approached his van, in the parking lot. Robbers got back in the van, fled the scene south in the parking lot toward cottman. Victim treated for gunshot wound to the arm. Police now looking at surveillance videos in the area to get a better description of the vehicle. President obama said the us needs clear plans if it under