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 ...
94.6 million people out of work and we have full employment. They must think we are as stupid as dogs. Yeh raise those rates baby and watch the collapse. LOL!
Still more of the Obama administration’s trademark bullsh*t.
The strange thing is that no one seems at all embarrassed perpetrating these egregious lies.
Yeah. Full employment for foreigners. These people really need to quit smoking crack.
I feel exactly the same way
having little time left is a blessing
under these sinking political and social and economic conidtions
I've done some calculations in the Lisp programming language against various data models and the actual number of people out of work (age 18+) is more than that. The value (median) calculated is:
The thugs illegally occupying the 1600 Pennsylvania address bear all the responsibility for this massive unemployment problem and the coming economic collapse.
From 8 grams to 5. Happy days are here again.
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