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Dissents was back in 2016 when there was a vote of no change, they wanted to hike. The projections show a very divided Federal Reserve. Seven fomc members forecast a third cut this year. That is one more from where we are now. That would bring the rate down to 1. 63 or the average rate. Five members see no need for any cuts at all. They didnt even want the one today. If everybody had a vote. Not all the members vote it would have been five dissents from today if they voted that way and five more forecast just the one cut this year. Put it all together and do all the imagine. The median is at this is it in terms of cuts thats the median of the funds rate forecast for the Federal Reserve. That said, the plurality does see one more cut coming which is seven, does it include the chairman we dont know. Thats going to be important now, the fed also lowered the interest on excess ....
Economy. Well be looking for things affecting the outlook of the u. S. Economy, particularly as it relates to zblrchlts all those things in principle can affect the achievement of our goals its an unusual situation because you know the u. S. Economy itself, the largest part of it, the consumer part of it, is in strong shape the manufacturing part, less so. Overall you see an economy that generally forecast shows growth similar to our own forecast coming in at about 2 . Significant risks to that outlook from not just the geopolitical events but slowing Global Growth. Well be looking at all of that and also Financial Market conditions and how they are affecting the outlook. I cant it is a challenging time i admit it were not on a preset course well be making decisions meeting by meeting as we see this and well try to be as trance parent as we can, as we go. Sparent as we can, ....
We need to focus the staff people on doing the research for whats coming next. Its the same people. Its appraisers doing market data research. Supervisor excuse me. It seems as though what im hearing from president yee is at one time the Assessors Office requested more assistance, more ftes to address the backlog for so long and through diligent work, youve gone through the backlog at an impressive rate so i think what president yee is asking is why are you keeping them in the budget and youre saying theres new work now. Thats right. Supervisor but actually the funding for those particular ftes were specifically tied to the request of the backlog. I think what im paraphrasing is what president yee is questioning whether those ftes should be reevaluated by the board since the board was the one to first grant the additional ftes to address the backlog and whether the ftes should be assigned to the new job of collecting the data. I ....
Specificity of what is budgeted, but it is a very coordinated effort of which h. R. C. Plays a main convening and implementation role. Thank you. Supervisor mental him in . Do you currently have any vacant positions . We have three. How long have they been vacant . They are actually connected to the office of sharp, so it is part of a process. They have been vacant since we were given them, but there was a process to go through hiring, which is which has slowed us down. How long has that been . A year basically, because funding was given last fiscal year, but it would have actually been higher a arm starting in october or november. Wow. To the chair, can i answer . Yesterday at the board of supervisors we passed an ordinance to fix a hiccup that came up in the hiring process, because it is a very special, new department. We wanted Community Involved in the hiring process, but there were laws that conflicted with that that we o ....
Sonali coming up, top fed Officials Say they will wait for rate cuts. Short term rates move higher moving closer to 5 . We begin with the big issue, the data backs up higher for longer. We have so many fed speakers talking about higher for longer. Higher for longer. We are going to see higher for longer. The fed is on hold for the foreseeable future. The reality is the fed is highly data dependent. They came across more hawkish then expected. Inflection data is starting to look at her inflation data is starting to look better. Not having urgency will change if we see more weakness in the labor market. You are starting to see softness in the labor market. They would have every indication to cut. As long as consumers continue to work, i think the fed can focus on inflation print what the fed is doing will eventually work. The fed probably will see the slowing inflation it wants to see. Do the fed need to act and do they need to fully ....