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think december was a mistake. fareed: the dollar has been weakening. is that a positive trend or a negative one? ms. yellen: we don t have a goal for the dollar. what we are at is the economy as path forand the likely inflation and employment to achieve our goals. conditions broadly speaking, the state of financial conditions, impacts our forecast for economic variables. the dollar is one of those. i would call it part of financial conditions along with longer-term interest rates, other asset prices, credit market spreads, so it is the the that appreciation of dollar that we ve seen over the last year and a half, along with slower global growth, has created a drag on the global economy in the sense that our net exports have been holding back growth. u.s. consumer spending has been strong enough to offset that. we look at the balance between those two things. taking that balance into account, the u.s. economy is moving forward, and i think financial conditions are foreca ....
i would say the general mood is not optimistic for major legislation. will republicans be able to hold firm in the senate on the confirmation process? it sure seems like the senate republicans are not planning on changing their tune anytime soon. every time that the white house goes out of its way to pretend that there is some sort of changing of the tide you immediately hear from senator mcconnell and judiciary chairman chuck grassley saying exactly the opposite. it doesn t look like anything is going to move on that until after the election. thanks for being on newsmakers this week. [captions copyright national cable satellite corp. 2016] [captioning performed by national captioning institute] which is responsible for its caption content and accuracy. visit ncicap.org] the book tells both the story of the fact that the manuscript, this national treasure, wasn t what we thought. while also trying to chronologically think about, what was madison encountering ....
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