morning W, B
gb
>>86457 pb
United Airlines CMB403 777 departed Frankfurt Int'l after arriving from Dulles Int'l and heading es to the gulf for another pick up
Live
https://globe.adsbexchange.com/?icao=a21dc4
You can click dat shit nigga...
Does dis werk for ya?
Powell sees taper by the end of the year, but says there’s ‘much ground to cover’ before rate hikes
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance.
In a much-anticipated speech as part of the Fed’s annual Jackson Hole symposium, Powell said the economy has reached a point where it no longer needs as much policy support. That means the Fed likely will begin cutting the amount of bonds it buys each month before the end of the year, so long as economic progress continues.
However, it does not mean that rate increases are looming. “The timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff, for which we have articulated a different and substantially more stringent test,” Powell said in prepared remarks for the virtual summit. He added that while inflation is solidly around the Fed’s 2% target rate, “we have much ground to cover to reach maximum employment,” which is the second prong of the central bank’s dual mandate and necessary before rate hikes happen. Powell also devoted an extensive passage in the speech to explaining why he continues to think the current inflation rise is transitory and will drop eventually to the target level.
The Fed has used the term “substantial further progress” as a benchmark for when it will start tightening policy. Powell said that “test has been met” for inflation while there “has also been clear progress toward maximum employment.” He said he and his fellow officials agreed at the July Federal Open Market Committee meeting that “it could be appropriate to start reducing the pace of asset purchases this year.” That question over “tapering” of the minimum $120 billion of monthly bond purchases has had the market’s attention as much for what it means on a mechanical level as for what it signifies when the Fed will start hiking rates.
At last year’s Jackson Hole summit, also held virtually, Powell outlined a bold new policy initiative in which the Fed committed to full and inclusive employment even if it meant allowing inflation to run hot for a while. Critics have charged that the policy is partially to blame for current price pressures at their highest levels in about 30 years.
https://www.cnbc.com/2021/08/27/powell-sees-taper-by-the-end-of-the-year-but-says-theres-much-ground-to-cover-before-rate-hikes.html
He already has the dudes backing for a second term
Aug 22
Yellen backs Powell to stay as Fed head
https://www.afr.com/world/north-america/yellen-backs-powell-to-stay-as-fed-head-20210822-p58kux
BOXER49 USAF C-40C departed JBA sw
This AC went to Kyiv for set-up meeting prior to Zelensky's trip here to meet with Not AF1 Joe and returned to JBA on Tuesday >>86031 pb
SAM084 USAF C-40B west from JBA
LARGO30 USAF RC-135 Rivet Joint on da track just north of Bahamas and east of Florida
Dhey send the Joint STARS E-8C down here on a semi-regular basis too.
Live
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In
Royal Dutch AF MMF53 A330 from Eindhoven depart
ARSON55 CREEP57 USAF C-130 Hercules from Al Udeid
169533 USAF C-130 from SA-King Abdul Aziz AB
Out
RCH647 USAF C-17 Globemaster
Italian AF IAM1432 767 back to Kuwait
RCH861 USAF C-17 Globemaster ahead of that
Qatari AF DEMA124 C-130 Super Hercules departed Al Udeid nw
Qatari AF LHOB257 C-17 heading to Al Udeid AB from Rome departure earlier
Live
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chek't
ain't modifying muh host files...we get it back when we get it back
>planefag stuff can't go wo/graphics
It's not ideal but I am putting in the link for it so anyone can 'click dat shit nigga' and see.
Not much choice otherwise.
Prefer to stay here as this known (ty phaggits next door -kek)
But if the consensus is to go to end I will.