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The economy. The other thing is, if you act too soon and you decide, oops, we acted too soon, you get you put yourself in a position where you have a zigzag policy and you will face criticism from that by people i know. Second, if you then want to go in the other direction, you only have a quarter point to play with. If you hit the brakes too soon, you dont have gas. With that in mind, im concerned about the effect raising Interest Rates now would have on the real estate recovery and i would ask you what you would think the impact would be of raise zing Interest Rates on the housing recovery and would we squeeze credit worthy borrowers out of the Housing Market and create a negative feedback loop with prices going down . So, you have made very large number of very good points and indicated many relevant considerations th ....
Commissioner president caen pr commissioner moran commissioner kwon and commissioner courtney is excused today. Thank you. Third item is the approval of the minutes of august 11, 2015, are there any corrects or additions to the minutes . Roll call second. Any Public Comment on the minutes of august 11th . Seeing none, ill call for the vote all in favor, say i. I. Opposed the motion carries item 4. Which is general Public Comment from the public and i have mr. Decostco first to speak. Id like to talk about a number of issues in general during the general Public Comment im very interested in really what is going to happen to mountain tunnel especially in light of el nino and how that is going to an impact so i really dont know any experts that know too much about el 99 having said that, we need to have some deliberations m ....
Today. Thank you. Third item is the approval of the minutes of august 11, 2015, are there any corrects or additions to the minutes . Roll call second. Any Public Comment on the minutes of august 11th . Seeing none, ill call for the vote all in favor, say i. I. Opposed the motion carries item 4. Which is general Public Comment from the public and i have mr. Decostco first to speak. Id like to talk about a number of issues in general during the general Public Comment im very interested in really what is going to happen to mountain tunnel especially in light of el nino and how that is going to an impact so i really dont know any experts that know too much about el 99 having said that, we need to have some deliberations meaningful deliberations on mountain tunnel i read somewhere that now youre ready to expand over 200 milli ....
The s p is higher by 1 while the dow is fractionally lower. The russell 2000 dropping 6 in a month. Take a look at u. S. Equity futures this morning. Did you check those before you came in. Nice, right . Or were you waiting to see. I didnt know what numbers were. S p 500 looks like it will be up by nine points now. If it were to open up now it would be open 23 points. Have someone that drives me in. I know all of this stuff. Foreign exchange. But it changes often times. No, no, pretty good idea. If its down 200 you know its down 2000. I knew it was probably just positive. Europe trading things like that. Nice. Just like a professional sort of. Do you know, can you do i cant. Whatever it is, i cant. You cant do the call of the consumer . Do the call of the consumer . What do you think . John, do you have any stuff like that that we can thats not bad. Anything else . Not bad. Hes fast. Hes fast. I dont know. What is the call of the consumer. Do you know . I dont know. I said it. I heard ....
Well xblor. A weaker than expected report on manufacturing out this morning. Will this change the feds mind about the strength of the economy . Steve liesman joins us now. Were looking at a contraction here. In the Manufacturing Sector. The belief is that fed will look through this week, at least for a while in manufacturing. The reason is because it seems the result of a crash in the oil and gas industry, a strong dollar and weak overseas growth all risks the fed knew before the report. The numbers were coming in at 48. 6, a level that is contraction in manufacturing. You need 43 for it to be a contraction in the economy. It is the lowest level since 09. New orders, production is declining. Back logs in exports remain at low levels. Heres some comments from respondents that they made public. One says the down turn in china and european markets are negatively effecting our business. Another says the strong dollar is slowing ....