The head of what is arguably the worlds most powerful central bank cited low inflation and a weak Global Economy as reasons not to raise Interest Rates. Steve liesman joins us now with more on her speech. So what did she say . She said that she associated herself as among those who believe that the Federal Reserve will raise rates, it will be appropriate to raise Interest Rates this year. The importance of that is last week when sme spoke she said other members of the committee, and wouldnt answer the question when asked about what she actually believes. Now you can count the fed chair as among those who think rates ought to go up sometime later this year, and i think i know what your followup question is. Does this mean they will, and when . If the chair says, its likely to happen. Although she did give the obligatory caveat of depends on the economic data, it could happen later or it could happen earlier. So the question the market is obsessed over is this it will happen next month i
The head of what is arguably the worlds most powerful central bank cited low inflation and a weak Global Economy asba reason not to raise Interest Rates. Steve liesman joins us now with more on her speech. So what did she say . She said that she associated herself as among those who believe that the Federal Reserve will raise rates, it will be appropriate to raise Interest Rates this year. The importance of that is last week when sme spoke she said other members of the committee, and wouldnt answer the question when asked about what she actually believes. Now you can count the fed chair as among those who think rates ought to go up sometime later this year, and i think i know what your followup question is. Does this mean they will, and when . If the chair says, its likely to happen. Although she did give the obligatory caveat of depends on the economic data, it could happen later or it could happen earlier. So the question the market is obsessed over is this it will happen next month
3 expect temperatures in the low 20s for the upstate and mid teens in the mountains on wednesday morning under clear skies. Sunshine will dominate much of the day, with only a few afternoon clouds. Highs will get into the low to mid 40s, which is still colder than normal for this time of year. Thursday will bring mostly cloudy skies, but temperatures will be a bit milder. Highs will actually get over 50 degrees in thth upstate and the mountains will see upper 40s. Rain moves in thursday night. Expect light rain showers for friday morning, then the wet weather afternoon. 3 and wake up with fox carolina. Weve got traffic and weather every ten minutes from five to nine am. Upthanks kendrawe continue tonight 3 developing tonight at ten 3 in Greenville County, one person is recovering after being shot. 3 deputies on scene say the guy was hit in the upper thigh inside a home on old buncombe road investigators were called out to interview a couple of witnesses its unclear if anyone has been c
3 bitter cold for the 3 morning with early temperatures in the teens and 20s. Sunny skies help highs reach the low to mid 40s this afternoon. Partly cloudy skies build overnight with lows back in the 20s and 30s. Rain arrives by thursday night. 3 wrap up 3 lets send it over to chris with traffic. 3 send it over 3 lets send it over to chris with traffic. 3 were watching watching 3 heres a live look at the s. C. D. O. T. Cam on 3 3 3 leaders around the world are working to confirm north koreas claim that they successfully tested a hydrogen bomb. Bomb. If the report is true. It would be a violation of the Un Security Councils resolution. Resolution. State media made the announcement after seismic activity was reported in the area. North korea says they tested a miniaturized bomb. The Un Security Council will today to work on verifying the claim. 3 3 covering our countiesa disturbing story out of Spartanburg County. A mother is accused of trying to kill her adult daughter, who has special
The words from time to time the president of the United States should give a message to congress on the state of the union and recommendations of programs that he thinks should be followed. George washington began that practice of giving a state of the Union Message to congress when the First Congress met, but washington went in person to the congress, went to the Senate Chamber and delivered a speech that had a series of recommendations, relatively short speech, but in those days before there were Standing Committees of congress they actually used to cut the state of the Union Message up into paragraphs and created a who can committees to address each one of the issues that the president suggested. Washington and adams, john adams, his Vice President who became president , followed that practice and so they created this sort of idea that the time to time was an annual message. In fact, for years it was known as the annual message. It didnt become known as the state of the Union Messag