This year at 9. 3 . Then recovering next year to five or 6. 5 in 2021. Now pce inflation under 1 . Longterm federal funds rate again, they see it at 2 1 2 , getting back to that. But again no raise in rates for the next two years. Now in the statement, theyre very interesting language. They put in financial conditions have improved in part reflecting policy measures to support the economy and the flow of credit to u. S. Households and businesses. They have had weaker demand it says on, as well as oil prices have kept inflation historically low. Federal reserve is committed they say to use the full range of tools to support the economy. This was a unanimous decision but again, charles, holding the federal funds rate where it is at least through 2022 is their projections. Back to you. Charles edward, thank you very much, my friend. Hopefully well come back to you for some Additional Information but right now i would like to bring in to discuss, kaltbaum Capital Management president , gar
Any other supervisors that have joined us in. This is supervisor aaron pesk nix. Peskin. As supervisors join us, we will be introducing them for the meeting. And madam clerk, any announcements . Yes, madam chair, due to the covid19 Health Emergency and to protect board members, City Employees and the public, the board of Supervisors Committee room is closed. However, members will be participating in the meeting. As if they were physically present. Comment will be available under the anticipated. Each speaker will be allowed two minutes to speak. Comments or opportunity to speak during the Public Comment period are available via phone by calling 888 2045984, access code 3501008, is then press pound and press pound again. When youre connected, dial 10 to be added to the cue to speak. Submit Public Comment by emailing me at lind lindawong sfgov. Org. If you submit it via email, it will be included in the file as a part of the matter. Comments may be sent via u. S. Postal service to city h
Good morning, everyone. The meeting with come to orthopedic. This is is the april 29, 2020, regular budget and finance committee. At this time, i will be calling the Budget Committee. Im chair of the budget and finance committee and joined by supervisor raphael mandelman. inaudible . Welcome, president yee. I would like to thank sf gov tv and if other supervisors have joined us, supervisors, if i have not mentioned your name, please introduce yourself. This is catherine stephanie. Welcome. Thank you. Any other supervisors that have joined us in. This is supervisor aaron pesk nix. Peskin. As supervisors join us, we will be introducing them for the meeting. And madam clerk, any announcements . Yes, madam chair, due to the covid19 Health Emergency and to protect board members, City Employees and the public, the board of Supervisors Committee room is closed. However, members will be participating in the meeting. As if they were physically present. Comment will be available under the antici
[inaudible conversations] we are going to get started. Thank you. Good morning. The hearing will come to order. I thank everyone for joining us this morning and i want to especially thank my colleagues for joining us today for the House Committee on business hearing the response to covid19. We have had a hard stop act once again. We will move as quickly as we can but should we not be able to accommodate every member in person today, we will be accepting statements for the record until thursday, april 30. This important hearing i want to mention the chairwoman has been in our thoughts and prayers we wish you nothing but the best as you recover. Small businesses and entrepreneurs play a Critical Role within the american economy. Not only do they employ half of the nations workers but created two out of every three new jobs in the nation. You only need to take the poll from main street america. It is demonstrated Small Businesses and employees and the Response Congress created with a Payc
University to interpret what the grades mean. If some students in the same course got a pass while others got a letter grade, that would be nearly impossible for them to decipher what that means. I suspect we would hear a lot of feedback from them. Commissioner collins i want to recognize president solomon. Thank you. I just want to make sure that things are accurate. I am speaking where it says teachers are encouraged not to give students lesser grades than they had. This is about contract language exact about what it says. It is not that teachers are encouraged to do so, it says that students will not receive a lesser grade than the grade after march 13th as a result of engaging in Distance Learning. Contract language will not mean this will not happen. Teachers saying it is not going to happen. This is from the m. O. U. Agreed to buy the district and the union. I want to be clear. I appreciate you clarifying. I want to make sure that i dont want to i am trying to i guess based on le