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We are talked about a lot of cities in crisis on this show, but it is never in a vacuum, a lot of cities are experiencing country. Yeah, chicago is really experiencing it. It has a trickledown effect that affects the entire neighborhood. Mia tweets in. And as you can see lisa this is effecting all communities. It is. Chicago promised new homes and a new life for many of the citys Public Housing drenthzs. But nearly 15 years later, nearly 40,000 families are still on the wait list for permanent homes. And many buildings just sit empty waiting to be torn down or rehabilitat rehabilitated. I have...

Lot of cities are experiencing degrees of this across the country. Yeah, chicago is really experiencing it. It has a trickledown effect that affects the entire neighborhood. Mia tweets in. And as you can see lisa this is effecting all communities. It is. Chicago promised new homes and a new life for many of the citys Public Housing drenthzs. But nearly 15 years later, nearly 40,000 families are still on the wait list for permanent homes. And many buildings just sit empty waiting to be torn down or rehabilita rehabilitated. I have been on a waiting list since 2008. Im a certified nursing assist...

Unlikely to raise federal funds rate if inflation remains below target. Your own proceyour own projecti below target through 2016. Is that consistent with a liftoff in thorough fund rates in that period . Related, is there a case to be made your threshold should be supplemented with lower balance for inflation, i. E. , you wont tighter if inflation is lower bound . So, in the latter part, you know, of course youre seeing Interest Rate projections and inflation projections separately. Youre not seeing them combined by individuals. Each individual is making their own projection. I think youre ri...

Meeting at the federal open Market Committee, Federal Reserve chairman ben bernanke talks to reporters about the fed decision to continue its Asset Purchase Program. Mr. Mackeys term as fed chairman ends in january andthis briefing is one hour. Good afternoon. The federal open Market Committee fomc concluded a twoday meeting earlier today. As you already know from our statement, the committee decided today to keep the target range for the federal funds rate at 0 to 1 4 percent and to make no change in either its Asset Purchase Program or its Forward Guidance regarding the federal funds rate ta...

Why we have not anticipated the relatively slow growth. Its important to recognize that what Monetary Policy affects is not the potential rate of growth, long run. Rather, the cyclical part, the deviation of output and employment from its normal level. In predicting the amount of slack in the economy, so to speak, we have done a little better. Our predictions of unemployment, for example, have been better than our predictions of growth and, in particular, one thing has been quite striking is that unemployment we were too pessimistic on unemployment for this year. Unemployment has fallen faster...