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Inflation to our symmetric 2 objective. All of these objectives will support achievement of our overarching 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. N 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 oppor ....
Point to 2 to two and a quarter percent. The outlook for the u. S. Economy remains favorable in this action 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 ....
Department. This is just over two hours. The committee will come to order. We are having a full hearing today on the nominations for several positions. Three very important nominations , department of transportation. We welcome the nominees and their families and thank them for their willingness to serve. First, we will consider the nomination of rear admiral and phillips ann phillips. Welcome. We are currently facing unprecedented challenges about reports of Sexual Assault the marine academy, investments into our port to ease congestion, and the need for strong leadership at the helm of the Maritime Administration. We are admiral phillips has significant experience in the u. S. Navy in many challenging situations, including operation desert shield, desert storm, in her capacity as director of the Surface Warfare ....