Its been making those since last september. In a statement, the federal open Market Committee said its waiting for evidence that progress will be sustained before adjusting the wais of its purchases. The stimulus has pumped cash into the mortgage and bond markets, keeping Mortgage Rates and borrowing costs low. That has fueled the red hot Housing Market and spurred stocks to a 20 gain over the past year. Many investors expect stocks to go higher. Good news for 401 k s but only half the country is invested in stocks. There are fewer people working but fewer people who are looking for work and so that meant that the Unemployment Rate came down but for the wrong reasons. Reporter companies are used to getting by with fewer workers since the recession. That and slow Economic Growth but ben bernanke and whoever succeeds him in a tough spot. Goldman sachs saying the next potential window for this tapering of the fed might be the december fed reserve meeting. Stay tuned. There is a meeting in
Discuss private correspondence. I can tell you the president and his administration articulated about iran remains unchanged. Nbc news senior White House Correspondent Chris Jansing joins us live now. 16 congressional leaders gathering shortly. What is going to get done, if the question, if any. Yeah. Obviously they have a lame duck session coming up. And they have a trillion dollar spending bill they need to look at to keep government running. We heard from Mitch Mcconnell theres no government shut down coming. Theyre going to take care of some of that kind of business. The president has asked for additional funding for ebola, for example. But theres also obviously the longterm issues. When you hear both sides talking about what their real focus is, look, they saw what happened on tuesday and they see what the exit polls are. People are interested in the economy. The president thinks that after the jobs numbers today up 209,000 he has a good story to tell. But the republicans are also
A Tennessee Appeals Court has upheld the decision of Circuit Court Judge Caroline Knight regarding a termination of parental rights case in Cumberland County.