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You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in th...

The number that we got from the university of michigan was not a strong. As strong. That was for january. This is for february. 162. 4 in expectations component at 109. 7. A handful of economic reports we got this morning including durable goods that fell more than estimated. All of that to weigh as well. Changedcks little following yesterdays rally. Theyve been bouncing between gains and losses. 2006 p 500 going back to beforel about 3 to go we retain that record high. Retail is one of the areas of strength today. Macys with a rebound in its comparable sales. 11 straight quarters of declining...

Committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time and all members will have five legislative days within which to submit extraneous materials to the chair for inclusion in the record. This hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I now recognize myself for three and a half minutes to give an Opening Statement. Notwithstanding the greatest monetary and fiscal stimulus in your nations ...

Committee will come together without onbjection. This hearing is for the purpose of receiving the semiannual testimony of the chair of board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I recognize myself for 3 1 2 minutes to give an Opening Statement. Not with standing the greatest monetary and fiscal stimulus, the economy limp aid long for eight years averaging 1. 6 gdp growth. Wages remain stagnant and failing since the 2008 financial crisis. New phrase by leftleaning academics in an attempt to rationalize the phenomena namely secular stag nati...

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. Rema...