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Fed Chairjerome Powell explained why central bankers were moving towards Holding Rates Higherfor longer. Economic rates higher for longer. Economic Activity Rates higherfor longer. Economic activity has been stronger than we expected, stronger than we expected, stronger than we expected, stronger than i think everyone expected. And so what youre seeing is this is what people believe, as of now, will be appropriate to achieve what were looking to achieve, which is progress toward our inflation goal. Central bankers now project higher growth and lower unemployment for next year. If theyre right, the us will have avoided a long feared avoided a long fea red recession. Avoided a long feared recession. The decision gives policy makers more time to assess whether theyve done enough over the last 18 months to tame ....
Either because they can t get the treatment they need through the nhs which is on its knees or they are not getting the proper support to get back into work. do they sign people off too quickly? these simplistic sweeping statements are not helpful. we need to look at the root causes of the problem and why we have such staggeringly high activity rates under this government and look to tackle the fundamentals. this is a policy paper to get a cheap headline. it won t tackle the fundamental causes. i want to ask you about one other issue. claims he misused party funds. i understand that labor has written to the police. can you tell us what you asked them to do? we asked them to investigate these allegations and it is entirely right we have done so. the reports are incredibly ....
Not be doing that. we re putting kids at risk. more broadly he was expressing frustration over lack of data and he worries about lack of testing. he says he thinks that the u.s. is under estimating the current number of could individual cases. he fears the actual number of new daily cases could reach up to 500,000 per day compared to the 200,000 number we heard from the nih director. what do you think? i think we need do more testing. i don t disagree with him. there are some states in our country that have positive activity rates of 30% pap lot of people are not being tested. you need to get below 15%. you need to test enough people to bring your denominator up and have less positivity rate. i would say rapid testing is not being used appropriately. many school districts could be implementing rapid testing in schools to keep kids healthy. we need to do more testing and haven t deployed testing the way ....