>>5815238 Facebook Rejects Calls for Time Delay on Live Videos Following New Zealand Mosque Shooting
notable
Beneath Fed's positive spin, an embrace of a tepid future
(they need to figure out how to tamp down the concern regarding the massive amount of crap debt they took on after the '08 crash and not doing a very good job)
SAN FRANCISCO/WASHINGTON (Reuters) - Federal Reserve policymakers see a U.S. economy that is rapidly losing momentum. They predict inflation will miss their 2 percent target for yet another year, despite rising wages, and they expect unemployment to increase.
Fed Chairman Jerome Powell's view of it all? He calls these fundamentals “very strong," says the economy is in a "good place and sees the outlook as "favorable."
Welcome to the new normal.
Powell's upbeat assessment of a deteriorating economy shows how completely the Fed has embraced a world of stubbornly weak inflation, permanently slower growth and chronically low interest rates that give the central bank precious little room for conventional policy easing when the next downturn arrives.
It is a situation that poses risks to the Fed's credibility, given the long-running failure to lift inflation to a target first specified in 2012 in hopes of guiding the economy upward. It also raises the stakes over an evolving debate about the need for fiscal, social and other policies that may be targeted to pick up the slack.
"It feels like the Fed has come to Jesus on this topic," said University of Oregon economics professor Tim Duy, who believes the abrupt revisions to Fed forecasts show the Fed may have already raised interest rates too far. "The secular stagnation story, some part of it, must in fact be a reality."
Powell delivered his message on Wednesday as the Fed signaled it is likely finished with the interest rate increases it started back in 2015, and hinted that should the outlook worsen, a rate cut may be next.
"We are very mindful… of what the risks are," Powell said after the Fed held its target range for short-term rates steady at 2.25 percent to 2.5 percent. "We don’t see data coming in that suggests we should move in either direction… We should remain patient and let the situation clarify over time; when the time comes, we will act appropriately."
DOWN IN THE DUMPS?
At least nine and perhaps as many as 15 of the Fed's 17 policymakers slashed their interest rate forecasts, with most seeing no rate hikes this year. As a group they now believe the economy has lost perhaps a third of its momentum compared with last year, and will grow around 2.1 percent in 2019.
What about the idea they would need to boost rates high enough to brake growth and actually curb inflation, a feature of their outlook in 2018? A thing of the past.
If anything, the Fed's concern has shifted in the other direction, toward inflation remaining so low it undermines business and household expectations about the future, another potential drag on growth if either sector becomes more cautious in spending.
To some analysts, the abrupt revisions sound like a warning.
rest at link
https://www.marketscreener.com/news/Beneath-Fed-s-positive-spin-an-embrace-of-a-tepid-future–28208088/?countview=0
this is still not solved? It has to be him. The nose's match.
KYS
np. think today is a little too centric but call me crazy maybe last night caused a bit of a newfag thing with the older stuff. I just have seen enough of it when dropped and am doing best to stay away from it. seen enough
I keep landing where you are at as I drop stuff and am a bit amazed this not solved yet-but understand none of this easy. With you on the band thing. Nose's are too close and if it's not him will be surprised.
>>5815580 Letter from deputy Attorney General Rod Rosenstein offers potential road map to special counsel Robert Mueller's probe
NOTABLE
POTUS looks good today in vid as well
Boeing to mandate safety alert in 737 MAX software upgrade: sources
WASHINGTON (Reuters) - Boeing Co will mandate a previously optional cockpit warning light as part of a forthcoming software update to the 737 MAX fleet that was grounded in the wake of two fatal crashes, two officials briefed on the matter said Thursday.
Boeing previously offered the AOA DISAGREE alert, which warns pilots when the "angle of attack" (AOA) readings do not match, but it was not required by regulators. Boeing will now retrofit older planes with the light that did not initially receive it, the officials said. Boeing did not immediately comment Thursday.
There has been a long-running industry debate about how much information should be displayed in the cockpit, notably about the angle at which the wing is slicing through the air.
Federal prosecutors, the Transportation Department's inspector general and U.S. lawmakers are investigating the Federal Aviation Administration's certification of the 737 MAX.
The FAA declined to comment on the software upgrade Thursday but said last week it planned to mandate "design changes" coming from Boeing in its software upgrade by April for the 737 MAX.
Indonesia's Lion Air did not install the warning light. Lion Air Fight 610 crashed in October minutes after takeoff, killing all 189 onboard. The company told Reuters in November it did not install it because it was not required.
The angle is a key flight parameter that must remain narrow enough to preserve lift and avoid an aerodynamic stall. A faulty AOA reading led the doomed Lion Air jet’s computer to believe it was stalled, prompting the plane’s anti-stall system, called the Maneuvering Characteristics Augmentation System (MCAS), to repeatedly push down the plane's nose.
The planemaker has come under fire in the wake of the Lion Air crash for not outlining the automated system, MCAS, in the flight manual for the 737 MAX.
https://www.marketscreener.com/news/Boeing-to-mandate-safety-alert-in-737-MAX-software-upgrade-sources–28207601/?countview=0