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Rate by one quarter of percen percentage point. Our decision reflects the progress the economy has made and is kpekexpected to make of maximum employment and price stability objectives thats signed to us booy law. We released today of principles and plans and Additional Information on the process that well follow in normalizing the size of our Balance Sheet once we determine it is appropriate to do so. I will have more to say of our Interest Rate decision and our Balance Sheet policy. First, i will review recent economic developments and the outlook. Following a slow down in the first quarter, Economic Growth appears to free bounded and of a moderate growth so far this year. Household spending which is pa ....
Asked to be chairman of the subcommittee, and im grateful to chairman row for the opportunity. I want to explain that although i look forward to working with ms. Elizabeth esty from connecticut as our new Ranking Member, under Committee Rules ms. Julia brownley is still the subcommittees acting Ranking Member. My understanding is that the full committee will schedule a business meeting to familiarize the subcommittee, im sorry, formalized the subcommittee assignment at our new subcommittee Ranking Members soon. Since we have not got that, i need to see if we have also come and would also want to make sure that we know that we have been joined by the Ranking Member, mr. Tim walsh, and we thank him for being her ....