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20090604
20171118
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2016 5
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and wanted to nurture the recovery of japan. we wanted to pull china out of the soviet bloc and now we want to pull the rest of asia away from china. is there an understanding within the fed how the cost of these decisions upon the welfare of american families and through loss of living wage jobs? >> what we have certainly looked at this question of wage inequality, income inequality. we collect data on our survey of consumer finances is one of the key data sets that gives us insight into what is happening. academic work on this topic while it has focused to some extent on trade more broadly, it also looks at the importance of technical change that the nature of technological change in recent decades has continually shifted the demand away from less skilled workers toward more skilled. >> technological change has occurred, the shipped overseas has been due to lower wages not to technological change. in fact they have been talking about shipping him overseas and its pain well. that's an issue trade policy. so in a situation where as you point out there is more higher skilled demands,
growth in china and falling commodity prices it or to have eased from earlier this year, china continues to face considerable challenges as it rebalance as its economy toward domestic demand and consumption away from export led growth. more generally, the current environment of sluggish growth, low inflation, and already accommodative monitoring policy in many advanced economies investor% cheers can change abruptly. one development that could shift investors sentiment is the upcoming referendum in the united kingdom. a u.k. vote to exit the european union could have significant economic repercussions. for all these reasons, the committee committee is closely monitoring global economic and financial of elements and their implications for domestic economic activity, labor markets and inflation. alternet's to monetary policy, the fomc peaks seeks to promote maximum employment and price stability is mandated by congress. in in the economic situation i just described, monetary policy has remained accommodative over the first half of this year to support further improvements in the l
december because of the slowdown in domestic growth, a u.s. hiring slowdown, concerns over china's economy, and a further drop in oil prices. >> again, we're live on capitol hill' waiting testimony from fed chair janet yellen, testifying for a second day on the state of the u.s. economy and monetary policy. today, she's appearing before the house financial services committee. along with her report, we could also hear her talk about possible side effects of tomorrow's vote in great britain about whether to remain in the european union. she said she doesn't see a recession or a great economic instability, should the uk decide to split from the eu. we could hear more about all of that during today's session. >>> the committee will come to order. without objection, the chair is authorized to declare a recess of the committee at any time. this hearing is for the purpose of receiving the semi-annual testimony of the chair of the board of governors of the federal reserve system on the conduct of monetary policy and the state of the economy. i now recognize myself for three minutes to give
. vulnerabilities in the global economy also remain although concerns about slowing growth in china and falling commodity prices appear to have eased from earlier this year, china continues to face considerable challenges as it re- balances its economy toward domestic demand and consumption and away from export growth. more generally, in the current environment of sluggish growth low inflation and monetary policy, in many advanced economies investor perceptions have been the type for risk and they can change abruptly. one development that could shift investor sentiment is the upcoming reprimand him in the united kingdom. this could have significant repercussions. for all these reasons the committee is closely monitoring financial development and their implications for their domestic economic activity, labor markets and inflation. i will turn next to monetary policy. they seek to promote maximum employment. given the economics situation i just described monetary policy has remained accommodative over the past last year to support further improvements in the labor market in a return of in
future. and concerns about slowing growth in china and china continues to face challenges as every balances the economy toward domestic demand and consumption we're in the current environment of sluggish growth with invested colonies for the risk can change abruptly. with a shift of sentiment that the vote to exit the european union could have significant economic repercussions but for all of these reasons the community is closely monitoring developments in the implication for domestic oil dash domestic activity. the fomc promotes maximum employment and given the economic situation monetary policy is accommodative over the first half of this year to support improvement of the labor market was the return to the 2% objective. simply it is a target range to the fed funds rate and it keeps bell holding its of longer-term securities at the elevated level. with this assessment to take into account below target inflation with the economic growth seen this year. proceeding cautiously to allow us to keep the support of economic support in place while we assess if it is returning to a modera
Search Results 0 to 4 of about 5