The Pine Tree, News for Calaveras County and Beyond Weather
Amador Angels Camp Arnold Bear Valley Copperopolis Murphys San Andreas Valley Springs Moke Hill/West Point Tuolumne
Business Directory
Weather & Roads
Real Estate
Weekly & Grocery Ads
Life & Style
Law Enforcement
Wine News
Health & Fitness
Home & Garden
Food & Dining
Religion & Faith
Frogtown USA
Legal Notices
Free Classifieds
Letters to the Editor
About Us

Coming Soon...
Saturday, Nov 18
All Day Experience the Magic of Christmas At Calaveras & Sonora Lumber
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
10:00 AM Crafty Chicks Holiday Event Road Show
All Day Yoga - Gentle Flow
12:00 PM Hindu Deities and Archetypes with Sierra Stange
12:00 PM Introduction To Hindu Deities and Mythology Workshop
Sunday, Nov 19
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
04:00 PM Kirtan with Jens Jarvie and The Heart Wide Open
04:00 PM The Outhouse Collection Holiday Open House Benefit for Arnold Angels
Monday, Nov 20
All Day Yoga - Gentle Flow
Tuesday, Nov 21
All Day Yoga - Gentle Flow
11:00 AM ARNOLD SIR, Branch 152, Monthly Luncheon Meeting on Tuesday, November 21, 2017, 11:00 am
Wednesday, Nov 22
All Day Overeaters Anonymous meeting
All Day Yoga - Gentle Flow
Thursday, Nov 23
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
01:00 PM Free Community Thanksgiving Dinner
Friday, Nov 24
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
06:00 PM Get Your Floats Ready for The Christmas in White Pines Parade of Lights on November 24th
07:00 PM Music At Bistro Espresso
Saturday, Nov 25
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
09:00 AM Christmas in the Country, Craft Faire,Bake Sale & Luncheon
All Day Yoga - Gentle Flow
05:00 PM The Big 25th Annual Dorrington Christmas Tree Lighting is Nov. 25th
Sunday, Nov 26
All Day Crossing California, Sierra to the Sea, October 8 through November 26 at Petroglyphe
All Day Yoga - Gentle Flow
Monday, Nov 27
All Day Yoga - Gentle Flow
Tuesday, Nov 28
All Day Yoga - Gentle Flow
Wednesday, Nov 29
All Day Overeaters Anonymous meeting
All Day Yoga - Gentle Flow
Thursday, Nov 30
All Day Yoga - Gentle Flow
Friday, Dec 1
All Day Holiday Festival of Wines and Murphys Open House
All Day Yoga - Gentle Flow
05:00 PM Murphys Open House, December 1, 2017, 5-8 pm Presented by the Murphys Business Association
07:00 PM Looking Over the President's Shoulder

Search Announcements

Log In


Remember Me

Posted by: thepinetree on 05/03/2017 11:17 AM Updated by: thepinetree on 05/03/2017 11:17 AM
Expires: 01/01/2022 12:00 AM

The Fed Holds Rates Steady On Transitory Growth Models

Washington, DC...Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity slowed. Job gains were solid, on average, in recent months, and the unemployment rate declined. Household spending rose only modestly, but the fundamentals underpinning the continued growth of consumption remained solid. Business fixed investment firmed. Inflation measured on a 12-month basis recently has been running close to the Committee's 2 percent longer-run objective. Excluding energy and food, consumer prices declined in March and inflation continued to run somewhat below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee views the slowing in growth during the first quarter as likely to be transitory and continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, labor market conditions will strengthen somewhat further, and inflation will stabilize around 2 percent over the medium term. Near-term risks to the economic outlook appear roughly balanced. The Committee continues to closely monitor inflation indicators and global economic and financial developments.

In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 3/4 to 1 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Patrick Harker; Robert S. Kaplan; Neel Kashkari; and Jerome H. Powell.

Implementation Note issued May 3, 2017

Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at
No Subject
Posted on: 2017-05-03 11:27:01   By: Anonymous
I guess the adults on the FOMC don't see the 4-5 % GDP growth that Trump promised. Oh well, his hands aren't as big as he said either.

Best hope for the economy is that Republican infighting prevents them from doing anything and the Obama economy just keeps perking along, doing just fine.

You're welcome.

[Reply ]

    Posted on: 2017-05-03 16:20:26   By: Anonymous
    Exactly correct
    This is still Obamas economy, nice job best President in 100 years
    Wait until the Drumph economy kicks in, the middle class will be screwed
    Too bad most of the middle class people in our area (Cal &Tuol) counties don't have the resources to bolster their wealth in the last of the good time, but Drumph does't care, we are just puppets to the ignorant hillbillies that voted for this FRAUD and are too stupid to even realize it.
    He has not presented one thing that helps the middle class, Get it fools
    You will when your S/S and Medicare monies go to his rich buddies on Wall street

    [Reply ]

    Posted on: 2017-05-03 22:14:55   By: Anonymous
    This is Bernanke fallout of controlling free markets via interest rates. Rates need to increase for a number of reasons, but part of the equation that is rarely mentioned is the effects of rates on the national debt. The government stands to lose even more and go further in debt if rates increase, In the scope of domestic economics our government is the borrower, paying interest to lenders (bond holders). If rates increased the US Govt has more problems paying back the enormous (thanks you Obama) debt. Other administrations created the debt but Obama was a record setter increasing it.
    And yes, I do understand this stuff.

    [Reply ]

      Posted on: 2017-05-04 10:57:37   By: Anonymous
      If you actually understand this stuff, then you'd know that interest rates are unlikely to increase without an equal or nearly equal increase in inflation. That means we will repay debt at a higher interest rate but with dollars that are of less value. Those effects off-set in part. If necessary the government can simply print money to pay off the debt and drive inflation to the extent it wishes. This is among the reasons that the situation in the US and say Greece can never be the same.

      You might also remember that Obama's spending was in response to the Great Recession, which he inherited from W. The US took the successful path of using government stimulus to counter the recession and we came out of it pretty quickly and well compared to Europe and other areas where governments responded with austerity and managed to prolong the recession. Your toddler president Trump is now talking about a $ trillion infrastructure stimulus package to try to further juice the economy. I doubt he'll get that, but it would be larger spending than any Obama stimulus and carried out at a time when there is no Great Recession to justify it.

      [Reply ]

    Posted on: 2017-05-04 06:03:27   By: Anonymous
    You must swallow

    [Reply ]

Nice tie.
Posted on: 2017-05-03 11:57:27   By: Anonymous
Nice tie.

[Reply ]

    Re: Nice tie.
    Posted on: 2017-05-03 12:33:45   By: Anonymous
    Nice Wig

    [Reply ]

No Subject
Posted on: 2017-05-03 12:20:26   By: Anonymous
Bird Brain

[Reply ]

What's Related
These might interest you as well
Local News


phpws Business Directory

Photo Albums

Mark Twain Medical Center
Meadowmont Pharmacy
Century 21 Sierra Properties
Bear Valley Real Estate
Bear Valley Cross Country
Cedar Creek Realty
Cave, Mine & Zip Lines
Fox Security
Bistro Espresso
Pinnacle Physical Therapy
Chatom Winery
Middleton's Furniture
Bear Valley Mountain Resort
Paul D. Bertini
Premier Properties
High Country Spa & Stove

Ebbetts Pass Scenic Byway
Sierra Logging Museum
Calaveras Mentoriing
Jenny's Kitchen

Copyright © The Pine Tree 2005-2017