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Welcome. Today to lower the target for the federal funds rate by a quarter of a percentage point to arrange 2 to 2. 25 . The outlook remains favorable, and this action is designed to support that outlook. It is intended to ensure against weak globalks from growth to help offset the effects of these factors currently on the economy. And to promote a faster return our 2 objective. All of these will support achievement of the overarching goal, to sustain the expansion with a strong job market and inflation close to our objective for the benefit of the american people. People. We also decided to c...

Inflation to our symmetric 2 objective. All of these objectives will support achievement of our overarching goal, to sustain for the benefit of the american people. We also decided to conclude the runoff of our securities portfolio rather than and september as previously planned. N in september as previously planned. And i will discuss the thinking behind the reduction in turn to the pot forward. As the year began, both the economy and Monetary Policy were in a good place. The Unemployment Rate was below 4 in a are interestrate target was that the low ends of neutral. Over the first half of th...

Want to thank those on staff for staffing this meeting. I should make a motion to excuse supervisor stefani and we can continue. Mr. Clerk, do you have any announcements . Clerk yes, make sure youve silenced your cellphone and any electronic devices. Items acted upon today will appear on the september 3, 2019, board of supervisors agenda unless otherwise stated. The office of the board has received two president ial action memos. One is them for supervisor fewer replacing supervisor stefani and the other is to begin at 10 45, supervisor will be attending in place of yourself. Clerk agenda numb...

Supervisor fewer okay. So our inspection and Maintenance Plan is kind of covered here. We also follow all the regulations that are used throughout the state of california. So we stay with we comply with all the state and federal regulations, and its our interest of course to keep our customers and workers safe and to keep our services reliable. This slide shows you all of the different rules that we work under. Theres this is just a partial list of the most important and most relevant to this discussion which youve heard a lot today is go 95, and thats 600 pages of state rules for overhead lin...

Staffing this meeting. I should make a motion to excuse supervisor stefani and we can continue. Mr. Clerk, do you have any announcements . Clerk yes, make sure youve silenced your cellphone and any electronic devices. Items acted upon today will appear on the september 3, 2019, board of supervisors agenda unless otherwise stated. The office of the board has received two president ial action memos. One is them for supervisor fewer replacing supervisor stefani and the other is to begin at 10 45, supervisor will be attending in place of yourself. Clerk agenda number 1 is hearing to consider that ...