Pulled that into this. Treasury, we want treasury to be able to have the cash that it needs and we are essentially taking that to our work. There may come a time when we talk about that. I think we are more focused, frankly, on the bill purchases the year end and review of supervisory and regulatory issues that were digging into and we think these are structural things, right just allow the liquidity that is already there to flow more freely perhaps by making fairly straightforward noncontroversial changes. We think there is some of that if they take role changes, it will take three months and things like that these things that were working on now, like going through year end with the overnight facilities and the bill purchases and the term repo, those are things we have to do right now and are doing. Chris hi. I wanted to ask the only change in the statement was a drop in the reference to uncertainties around the economy you seem very confident or it implies theres a lot of confidence
How about those blinds of yours . Blinds to go blinds for life. Know youre not alone because im going to make this place your home well this morning we are hearing about making a very different kind of place your home. Not a house of bricks, wood or concrete block, but a house of steel. Not just any kind of steel, resookled shipping containers, coming soon to a neighborhood near you. Imagine itch 84 tons of chinese steel moved in next to your house. This is going to be an Apartment Building . Yeah, this is going to be an Apartment Building. Hey doc, you hear what theyre putting up, shipping containers. Reporter thats right shipping containers that covered everything from bananas to ipads across oceans, making its way to a historic part of the capital. Lowering down the 1th. Final shipping container. Six tons of steel will become somebodys apartment. 24 bed rooms filling four floors. Each its own rental uniit. Use your imagination, floor to ceiling windows, natural wood in teen yerz and
Likely to make landfall as a hour cane. The first in hawaii in two decades. Julio behind it trailing by 36 hours. People across the state are not taking any chances. They have been hitting the grocery strz ores to stock up. Tourists have been trying to make it outen time. The governor declared an emergency to free up disaster funds. Many schools are closed here this morning. Here on the mainland as they say in hawaii. Your thursday forecast. The heaviest rain will stretch from the upper plans to the gulf coast. Extend into the ozarks. There will also be rain in the northern rocky. New england and florida. The mercury will reach only about 80 degrees along the west coast. It will be a scorcheren the southwest. And the low 80s around the great lakes, in the 90s in the south. And only in the mid 70s in new england. Well now this mornings edition to the dumb criminal hall of fame. Comes to us from dallas. A homeowner Security Camera caught a guy sneaking around in the backyard. See him on
Of course, we are ready to provide information that Congress Needs to evaluate the feds Decision Making in Monetary Policy and elsewhere. With respect to Monetary Policy rules, they can be useful and i find them useful and long have as a kind of benchmark for thinking about what might be the appropriate stance of policy. But to chain a central bank to follow a simple mathematical rule that fails to take account of many things that are very important in making Monetary Policy, for example i was earlier asked about being against the euro lower bound which is an important special consideration, that would be a very foolish thing to do, and i oppose it. With respect to proposals having to do with voting and the structure of the fed that you mentioned, a lot of ideas have been mentioned. I would say for my part i think the Federal Reserve works well. The system we have was put into place by congress decades ago. I dont think its a system thats broken. Of course, congress can revisit decisio