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Qxta House Intel chairman on Benghazi: Gross negligence
In case the U.S. economy wasn t hurting enough already, the Federal Reserve has a message for Americans: It s about to get much more painful. Fed Chair Jerome Powell made that amply clear last week when the central bank projected its benchmark rate hitting 4.4% by the end of the year mdash; even if it causes a recession. There will very likely be some softening of labor market co stanley cup nditions, Powell said in his September 21economic outlook. We will keep at it until we are confident the job is done. In plain English, that means unemployment. The Fed forecasts the unemployment rate to rise to 4.4% next year, from 3.7% today mdash; a number that implies an additional 1.2 stanley cup million people losing their jobs. I wish there were a painless way to do that, Powell said. There isn t. Hurt so good Here s the idea behind why boosting the nation s unemployment could cool inflation. With an additional million or two people out of work, the newly unemployed and their families would sharply cut back on spending, while for most people who are still working, wage growth would flatline. When companies assume their labor costs are unlikely to rise, the theory goes, they will stop hiking prices. That, in turn, slows inflation. I do anticipate that accomplishing price stability will require slower employment growth a stanley cups uk nd a somewhat higher unemployment rate, Susan Collins, president of the Federal Reserve Bank of Boston, said Monday in a speech. Njqi Two Key Watergate Figures Die
Updated 12:19 p.m. Eastern TimePresident Obama pointed to the disappointing jobs report out Friday morning to make the case for quick action on a deal to increase the nation s $14.3 trillion debt ceilin stanley cup g, saying that the sooner that the markets know a deal is done, the sooner they will have the certainty that they will need in order to make additional investments to grow and to hire. A disappointing jobs report Friday morning revealed that the nation s unemployment rate rose to 9.2 percent in June as the economy added just 18,000 net new jobs, prompting attacks from Republicans over the president s economic policy. Amid criticism from both the left and right, Mr. Obama opened his Rose Garden remarks by acknowledging that the economy - not the debt limit - is the top concern of most Americans. He said the jobs report confirms what most Americans already know: We still have a long way to go and a lot of work to do to give people the security and opportunity that they deserve. Preside stanley cups nt Barack Obama delivers a statement on the monthly jobs report, Friday, July 8, 2011, in stanley thermos mug the Rose Garden of the White House in Washington. AP Photo/Susan Walsh He then pointed to the tough headwinds faced in recent months - including natural disasters, local budget cuts, economic trouble abroad and uncertainty over whether the debt limit here in
In case the U.S. economy wasn t hurting enough already, the Federal Reserve has a message for Americans: It s about to get much more painful. Fed Chair Jerome Powell made that amply clear last week when the central bank projected its benchmark rate hitting 4.4% by the end of the year mdash; even if it causes a recession. There will very likely be some softening of labor market co stanley cup nditions, Powell said in his September 21economic outlook. We will keep at it until we are confident the job is done. In plain English, that means unemployment. The Fed forecasts the unemployment rate to rise to 4.4% next year, from 3.7% today mdash; a number that implies an additional 1.2 stanley cup million people losing their jobs. I wish there were a painless way to do that, Powell said. There isn t. Hurt so good Here s the idea behind why boosting the nation s unemployment could cool inflation. With an additional million or two people out of work, the newly unemployed and their families would sharply cut back on spending, while for most people who are still working, wage growth would flatline. When companies assume their labor costs are unlikely to rise, the theory goes, they will stop hiking prices. That, in turn, slows inflation. I do anticipate that accomplishing price stability will require slower employment growth a stanley cups uk nd a somewhat higher unemployment rate, Susan Collins, president of the Federal Reserve Bank of Boston, said Monday in a speech. Njqi Two Key Watergate Figures Die
Updated 12:19 p.m. Eastern TimePresident Obama pointed to the disappointing jobs report out Friday morning to make the case for quick action on a deal to increase the nation s $14.3 trillion debt ceilin stanley cup g, saying that the sooner that the markets know a deal is done, the sooner they will have the certainty that they will need in order to make additional investments to grow and to hire. A disappointing jobs report Friday morning revealed that the nation s unemployment rate rose to 9.2 percent in June as the economy added just 18,000 net new jobs, prompting attacks from Republicans over the president s economic policy. Amid criticism from both the left and right, Mr. Obama opened his Rose Garden remarks by acknowledging that the economy - not the debt limit - is the top concern of most Americans. He said the jobs report confirms what most Americans already know: We still have a long way to go and a lot of work to do to give people the security and opportunity that they deserve. Preside stanley cups nt Barack Obama delivers a statement on the monthly jobs report, Friday, July 8, 2011, in stanley thermos mug the Rose Garden of the White House in Washington. AP Photo/Susan Walsh He then pointed to the tough headwinds faced in recent months - including natural disasters, local budget cuts, economic trouble abroad and uncertainty over whether the debt limit here in
