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, as we go with the rate cut today and modest adjustment coming down the road, do you worry about lessening the fed
Appears to have been temporary. Indicators for the Second Quarter have so far pointed to a sizable rebound. This recovery is a key factor supporting the committees expectation that Overall Economic activity will expand at a moderate pace over the next few years. Despite lackluster Economic Growth the job market continued to improve early in the year. During the First Quarter job gains averaged nearly 200,000 per month, just a bit slower than last years pace. And the Unemployment Rate held near 5 even though notably more people were actively looking for work. However, more recently, the pace of improvement in the labor market appears to have slowed markedly. Job gains in april and may are estimated to have averaged only about 80,000 per month. And while the Unemployment Rate fell to 4. 7 in may, that decline occurred because fewer people reported that they were actively seeking work. A broader measure of unemployment that includes individuals who want and are available to work but have
But we are quite uncertain about that. Reporter in your speech in philadelphia, you called the slowdown in job growth last month concerning, and you mentioned today that you want to verify that the underlying momentum in the economy and the labor market is still continuing. What do you need to see to convince you that the labor market is toward full employment and for how long do you need to see it . I cant give you a formula, i know you would like to have a number thats a cutoff for what we need to see in a particular report. There are a lot of different indicators of the labor market, for example, the labor Market Conditions index, the binnia, referred to 19 different indicators. Clearly we will be looking at the next job report, and if we were to see a healthy pace of job growth, you know, above that needed to kind of maintain the status quo in the labor markets. I should say over time, we should expect to see as the economy comes closer to maximum employment, the likely pace of job
Transcripts For CSPAN3 Politics And Public Policy Today 20150917 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
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