Or at least some kind of problem with between majority and minority but the major problem is the will of law we simply not only serbia but everywhere in the western balkans have a judiciary and Public Prosecutors which are under to have the influence of politicians now i know that you specifically identify state capture that is the misuse of state funds for private and political benefit as the main obstacle to your europeanization but i would say that this kind of france seeking and selfserving behavior could be found within the court ear itself in countries like cyprus or italy do you think youre of the old to your has itself leaned up to the standards of the europeanization that it tries to hold others to you could also have mentioned the paul or. Hungary right over the past several years right the problem with the origin of the problem is that the European Union these not able to solve this problem weve been utopian you know with these kinds of because hungary Czech Republic poland
To 60 degrees right now at 59 later on today do expect nice conditions a few passing clouds highs mostly in the 70s across the bay, san jose upper 70s while oakland and San Francisco. Each in the low 70s, ive got more on your forecast still to come. Thank you hn checking in on the golden gate your trip from the north bay to San Francisco looks pretty good. No major issues right now, but we do have the typical crowd from highway 37 to sandra fell by the time you make it to the golden gate. Youre in good shape. So well put it at 41 minutes from highway 37 to the toll plaza could pick of the bay bridge traffic 80 west heading into San Francisco. It is already thinning out in the carpool lanes but the cash lanes and the fast track lanes are stacked up here back up spills to the body. It but its nice and quiet. Thats how we like it 12 minutes to make it off to fremont street. Well check more bridges and drive times coming up back to you. Thanks a to one and today President Trump makes his f
Chair Jerome Powell announced an Interest Rate cut for the First Time Since the 2008 financial crisis. Following the announcement, he took several questions from reporters. This is 45 minutes. Good afternoon and welcome. Today to lower the target for the federal funds rate by a quarter of a ofcentage point to arrange two and a quarter percent. The outlook for the u. S. Economy remains favorable in this action is designed to support that outlook. Againsttended to ensure Downside Risk, to help offset the effects these factors are andng the on the economy to promote a faster return of inflation to our symmetric 2 objective. All of these objectives will support achievement of our overall goal, to sustain for the benefit of the american people. We also decided to conclude the runoff of our securities portfolio rather than and september as previously planned. In september as previously planned. I will discuss the thinking behind todays Interest Rate reduction and then turn to the path forwar
Is to support outlook. To help offset the effect factors were curtly having on the economy and to promote a faster return of inflation to the percent objective. All of these objectives will support achievement of our goal sustained expansion closer objective for the benefit of the american people. We also decided to conclude the runoff of our securities portfolio in august rather than in september as previously planned. And i will discuss the thinking behind the reduction in turn to the pot forward. As the year began, both the economy and Monetary Policy were in a good place. The Unemployment Rate was below 4 in a are interestrate target was that the low ends of neutral. Over the first half of the year, the economy grew at healthy pace. And it pushed on appointment to near a halfcentury low. Wages have been rising particularly for lower paying jobs. People who live and work in low and middle income communities tell us that many who struggle to find work are now getting opportunities to
Welcome. Today to lower the target for the federal funds rate by a quarter of a percentage point to arrange 2 to 2. 25 . The outlook remains favorable, and this action is designed to support that outlook. It is intended to ensure against weak globalks from growth to help offset the effects of these factors currently on the economy. And to promote a faster return our 2 objective. All of these will support achievement of the overarching goal, to sustain the expansion with a strong job market and inflation close to our objective for the benefit of the american people. People. We also decided to conclude the runoff of our securities portfolio in august rather than in september as previously planned. And i will discuss the thinking behind the reduction in turn to the pot forward. As the year began, both the economy and Monetary Policy were in a good place. The Unemployment Rate was below 4 in a are interestrate target was that the low ends of neutral. Over the first half of the year, the ec