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Furman, who was across from chair yellen years ago at the councils of economic advisors. It will be fascinating to see what she does in a very different job. The headline is she has to do with congress and the senate. Jonathan and she is conditioned by the experience of the previous cycle, and i think that is really important. This is about avoiding a premature declaration of victory. Chair yellen has lived that, and im sure she wont want to make the same mistake twice. Tom i am really focused on the department of defense after the chaos we have seen over the last number of weeks, so that will be an important announcement as well. The backdrop here is maybe the clearing of uncertainty, and look where the markets are moving. , 3600. N on the s p 500 64 off the is up march bottom. On a long chart, it is actually a very elegant chart with all sorts of good features. You really Wonder Within the debate of those good conversations openi ....
Services. [please stand by]. Second, the budget assumes that placements of clients in other Housing Alternatives p predominantly in the second half of the fiscal year would allow the city to ramp down this s. I. P. Program as the other programs are ramped up, and thats essential because were planning for our world in unknown timing where the city will work to have these individuals housed but without the fibenefit of fema reimbursements. Our latest projections, which we published earlier today and which you all have, indicate that some early costs with some modest delays in the implementation of the project, its projected to go beyond its costs by approximately 75 million. The plan is heavily heavily re fema, and id be happy to answer any questions that the board has after abigail presents. President yee abigail . [please stand by]. Many who come from all over the city as well as our nonprofits have our deep gratitude for ri ....
From the department outlining the plan for their shelter in place rehousing and site demobilization plan. This response to this request has been forwarded to everyones office today. We are still in a pandemic, and just today, mayor breed and dr. Colfax announced the rolling back of our reopening. We are concerned about the process and timeline of shelter in place rehousing and demobilization of our shelters. I want to acknowledge the work that the department of homelessness and Supportive Housing and the department of Emergency Management have done in collaboration with our Service Providers during this pandemic in keeping our people safe, but we [inaudible] is transparent and ensures that no one, especially our most vulnerable populations, exit back onto the streets. Today, we have, as explained, the depart ....
40 billion in mortgagebacked securities. They say the path of the economy will be connected to the path of the virus in the statement. One interesting note at the end. Mary dailey, head of San Francisco reserve president mad to cast her vote as alternate. Minneapolis president Neal Kashkari is on paternity leave. He was into the at the meeting. The birth of their second child happened this week. We think, we believe this is the first time a Voting Member missed a vote because of paternity leave. Back to you, charles. Charles that is an interesting tidbit a lot to go through here. Meantime, folks it is another monster session in the market which yesterday had the best ever postelection session. There should be no question that the worry of a blue wave was the main reason for selling last week. But now the question, have inve ....
Prices and the economy depends on the course of the virus the committee will maintain its purchases or increase to smooth market funding it repeats for the second time that it seeks inflation moderately above 2 . This is a carbon copy of the last statement i counted seven words changed and none of them really substantial or meant to convey any particular meaning i think that reflects the big changes. Jim was saying last time exceeding the 2 inflation goal and theity si itdesire not to mo many waves while the country counts votes in this president ial election. The other dissenter did not attend the meeting due to the birth of his second child. Congratulations to Neal Kashkari absolutely. Well spend half an hour dissecting those seven words what do you think of jims point, which is the absence of stimulus may have put the fed even more under a spotlight to do even more absolutely. I think thats true. I think the fed will feel pressu ....