Relationship between china and taiwan. From the Global Taiwan Institute this is just over hour. All right. Okay. Well good afternoon, everyone. Welcome to the Global Taiwan Institute. My name is russell hsiao, im the executive director here at gti. Gti is a 501 c 3 thinktank dedicated to taiwan policy research and analysis. Our mission is to enhance the u. S. Taiwan relationship through public education. We undertake several major programs that include a weekly publication called the global taiwan with brief, where we invite experts to contribute timely articles. We also have a Seminar Series that you are all participating in today where we invite practitioners as well as scholars to focus on current developments related to policy issues that affect the u. S. Taiwan relationship. Coming up very shortly we will be hosting our inaugural annual symposium on september 14th and this is going to be our flagship event. Were expecting a large turnout of people within government as well as acad
From a 2 e decline forecast in june. Unemployment falls 4. 1 in the next two years. Inflationerm level of and full employment remains. In the statement, fed officials suggest hurricanes will not have a longterm impact on the overall economy. Hurricanes harvey, irma, andrea has devastated communities conflicting severe hardship and rebuilding will affect Economic Activity in the near term. Passive experience suggest storm is unlikely to alter the course of the National Economy over the medium term. They will affect prices. Higher prices for gasoline will likely boost inflation temporarily. Remain 2 xpected to in the near term. Back tosay it will come the target. As expected, the announcement would be october 9 and treasuries will be announced as well october 21. We can do this with Jeffrey Rosenberg mike, let me go to you first. The reduced inflation along with real gdp is the Macro Economic advisers as a runway to 1. 7 percent, the third quarter. Is this a subpar American Economy, is i
Revised down its 2017 core inflation projections from 1. 7 in june to 1. 5 . Unemployment will hold steady they expect by the end of the year, 4. 3 but gdp has been revised up from 2. 2 in june to 2. 4 what they expect by the end of the year. The fed is going to maintain its projections for a thirdrate hike in 2017 according to the fed dot plot and it is also projecting three potential rate hikes in 2018 but again members of the fomc are bit more dovish on the rate hike projections. Thee members dropped projections this year. From Federal Reserve statement, storm related reductions will affect Economic Activity in the near term but past experience that the storms are unlikely materially to alter the course of the National Economy over the medium term. The inflation problem the fed is facing, inflation on a 12 month basis expected to remain somewhat below 2 . This was unanimous decision to hold Interest Rates where they are in december and initiate beginning of unwinding in october. Tri
Home caught on tape unleashing a screaming, profanityraced tirade at his neighbor, who happens to be Kathy Griffin. Is his job in jeopardy power lunch starts right now im Brian Sullivan thanks, michelle your money is steady ahead of the fed. The dow is up about 20 points. It would be higher if it wasnt for apple. Apple, the biggest drag on the dow, reportedly admitting there are some connectivity with their new watch. We have an ipo shares of ali baba backed the Logistic Companies best up inc more than 13 . Investors are throwing in the towel on bed, bath, and beyond plunging lets leave you with some good news if you own shares of biotech firm alnylam, that stock is up 40 after a drug candidate cleared. It is all about the feds lets begin there. The countdown is on less than an hour no rate hike is expected but this is still an incredibly important meeting and announcement because everybody wants to hear how the fed is going to start to unwind its multitrillion dollar Balance Sheet. Ou
Committee decided to maintain the target range for the federal funds rate at 1 1 and a quarter percent. This accommodative policy should support for the strengthening in the job market and return to 2 inflation. We also decided in october we will begin the Balance Sheet Normalization Program that we outlined in june. This program will reduce our Securities Holding in gradual and predictable manner. I will have more to say about this decision shortly. First, ill review recent Economic Development of the outlook. As we expected, smoothing through some variations from quarter to quarter, Economic Activity has been rising moderately so far this year. Household spending has been supported by ongoing strength in the job market. Business investment has picked up and exports have shown greater strength. In part reflecting improved Economic Conditions abroad. Overall, we expect the economy will continue to expand at a moderate pace over the next few years. In the third quarter, Economic Growth