"Full employment, man. Yeah it's great. This economy is---what were we talking about, man? I need some Doritos".
Posted on 10/06/2015 5:10:53 PM PDT by ForYourChildren
SAN FRANCISCO -- The U.S. economy is nearing full employment, setting the stage to ease some of the stimulus from low interest rates that's been the foundation of the nation's monetary policy, a key member of the Federal Reserve told a gathering in San Francisco on Tuesday.
"Looking forward, I expect we will reach our maximum employment mandate in the near future and inflation will gradually move back to our 2 percent goal," John Williams, president of the Federal Reserve Bank of San Francisco, said to the Urban Land Institute conference.
That could potentially point to a change in the Fed's policy of record-low interest rates that have been in place since the recession. The central bank instituted the low interest rates and other policies to stimulate the economy and encourage demand and borrowing. The strengthening economy could mean higher interest rates in the coming months, perhaps sometime in 2015.
"In that context, it will make sense to gradually move away from the extraordinary stimulus that got us here," Williams said in remarks prepared for delivery to the conference.
Williams is a voting member of the Federal Open Market Committee, which establishes targets for short-term interest rates. The committee has two more meetings in 2015.
"This is the year that we at the Fed should start the process of normalizing interest rates," Williams said.
However, that doesn't mean higher rates are a certainty, he cautioned.
(Excerpt) Read more at mercurynews.com ...
BOY OH BOY! 1970’S HERE WE COME AGAIN!
Full employment?? WTF?? Tens of millions out of work. Does this idiot ever get out into the real world?
... said John Williams, president of the Federal Reserve Bank of San Francisco demonstrating to some rubes the fine art of turd polishing.
...and now "The U.S. economy is nearing full employment."
.....aaaaand closed businesses and stores are at all time high, sooooo people don’t have to work so hard. /s
“They really do think we’re that stupid.”
Yes they really do....
Well, actually, if you think about it, they don’t have to think that everyone is really that stupid, just the general masses and population.
I think we here at FR tend to believe that everyone is smart as we are, and have a desire to think things through, to be Bereans, and test whether what we are being told is true or not.
But in reality, the general population just wants his football on Sunday and a beer.
“If the fed people actually believed that the economy is strong and that we’re close to ‘full employment’, then, they wouldn’t hesitate to raise the prime rate.”
This is a very good point, and even this fed official who made the statement about full employment in this article, obviously doesn’t understand himself.
even Goebbels never had that kind of balls...
What country is he talking about?
full employment?
ROFL!!!
last I heard 100 million were out of work!
And H1B visa holders.
The U.S. economy is nearing full employment, setting the stage to ease some of the stimulus from low interest rates that’s been the foundation of the nation’s monetary policy, a key member of the Federal Reserve told a gathering in San Francisco on Tuesday.
a total lie!
Even here in Texas where unions are weak, taxes are low and Perry/Abbott have created a strong pro-business environment, one look around shows millions suffering here. Food prices have never been higher and gas prices are steadily heading up. During the Reagan years, the state bird was the crane because of so much construction. Now here in North Texas, boarded up storefronts and empty malls are the norm. It's going to be a sad Thanksgiving in the Lone Star State. The suffering is palpable -- thanks to the intruder in the White Hut. Imagine how much worse things will be in socialist third-world cesspools like Massachusetts and California.
Beatings cleanse the soul. Dirt is plentiful with this one it is.
delusional
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