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Low. And its projected as the population continues to age in the baby boomers retire that that ratio will continue to rise in an unsustainable fashion. So, the addition to the debt taking what is already a significant problem and making it worse is it is of concern to me, and i think it does suggest that in some future downturn, which could occur just for whatever reason, the amount of fiscal space that would exist for fiscal policy to play an active role it will be limited, it may well be limited. Sam fleming with the financial times. Couple of longer term questions, first of all, midway thro...

Accommodation will sustain the strong labor market while fostering a return of inflation to 2 consistent with the maximum employment and price stability objectives assigned to us by law. The decision i will review recent Economic Development in the outlook. Following a slowdown in the first quarter, Economic Growth steps into a solid 3. 25 pace in the second and third quarters of the year. Household spending has been expanding at a moderate rate. Business investments have picked up. Favorable Economic Conditions abroad supported exports. Overall, we can continue to expect the economy will expa...

Ms. Yellen good afternoon. Today the committee decided to raise the target range for the federal funds raised by point 25 of one percentage point bringing it to 1. 252 1. 5 . Our decision reflects our assessment that a gradual removal of Monetary Policy accommodation will sustain the strong labor market while fostering a return of inflation to 2 consistent with the maximum employment and price stability objectives assigned to us by law. The decision i will review recent Economic Development in the outlook. Following a slowdown in the first quarter, Economic Growth steps into a solid 3. 25 pace...

Here it is now. Its hour. Openday, the federal Market Committee decided to raise the target range for the federal funds rate by 0. 25 , bringing it to 0. 25 to 0. 5 . Our decision reflects our assessment that the gradual removal of Monetary Policy accommodation will sustain a strong labor market while fostering a return of inflation to 2 , consistent with the maximum employment and price stability objectives assigned to us by law. Following a slowdown in the first quarter, Economic Growth stepped up to a solid 3. 25 pace in the second and third quarters of the year. Household spending has been...

Fostering a return of inflation to 2 consistent with the maximum employment and price stability objectives assigned to us by law. The decision i will review recent Economic Development in the outlook. Following a slowdown in the first quarter, Economic Growth steps into a solid 3. 25 pace in the second and third quarters of the year. Household spending has been expanding at a moderate rate. Business investments have picked up. Favorable Economic Conditions abroad supported exports. Overall, we can continue to expect the economy will expand. T a moderate pace while changes in tax policy will li...