The Fed Chair Yellen states the USA economy is good to go, but, the strong dollar is causing a drop in exports.
March 18, 2015
By Shane Ferro
...The statement, (click here) which summarizes the Fed's outlook on the economy after this week's two-day FOMC meeting, dropped the language previous about interest rate policy — that the Fed can be "patient" in approaching interest rate hikes — with language that says current interest rate policy "remains appropriate."
During the press conference, Yellen said that "just because we removed the word 'patient' doesn't mean we're going to be impatient."
"Participants are now seeing more slack in the economy than they previously did," she said....
She states the US unemployment rate is expected to be 5.0 to 5.2.
... Yellen said that the Fed likely won't raise rates in April, but after that raising rates is on the table "depending on how the economy evolves." However, it's too soon to say when beyond that rates will rise. Yellen said that people shouldn't necessarily expect that rates will change at the June meeting, but no one should rule that out. It all depends on the data....
She points to the west coast port strike as a reason for some softening. The port strike could have been averted if the port was willing to negotiate. It was only the unwillingness to negotiate that caused a strike after waiting for over six months and more like nine when considering the union asked for talks three months previous to the end of the contract.
The DC Crowd only recognizes intervention into any union issues when there is a strike, not beginning to end any belligerence by either side months before the end of the contract. If one looks into any history of union strikes it is nearly always because the employer is belligerent to begin contract talks. Preventive intervention should be a top priority. All parties should be at the contract table at least six months before the end of any labor contract, this way there will be a realization to the status of the contract to immediately strike after the end of the contract.
The softening of the USA economy during this time period should stand as a rational to enforce contract talks at least six months before the end of the contract.
The unions should consider writing into any contract the demand for contract talks beginning six months before the end of the contract. At that point it could become litigable to force contract talks to prevent a strike and any hardship for the strikers.
March 18, 2015
By Shane Ferro
...The statement, (click here) which summarizes the Fed's outlook on the economy after this week's two-day FOMC meeting, dropped the language previous about interest rate policy — that the Fed can be "patient" in approaching interest rate hikes — with language that says current interest rate policy "remains appropriate."
During the press conference, Yellen said that "just because we removed the word 'patient' doesn't mean we're going to be impatient."
"Participants are now seeing more slack in the economy than they previously did," she said....
She states the US unemployment rate is expected to be 5.0 to 5.2.
... Yellen said that the Fed likely won't raise rates in April, but after that raising rates is on the table "depending on how the economy evolves." However, it's too soon to say when beyond that rates will rise. Yellen said that people shouldn't necessarily expect that rates will change at the June meeting, but no one should rule that out. It all depends on the data....
She points to the west coast port strike as a reason for some softening. The port strike could have been averted if the port was willing to negotiate. It was only the unwillingness to negotiate that caused a strike after waiting for over six months and more like nine when considering the union asked for talks three months previous to the end of the contract.
The DC Crowd only recognizes intervention into any union issues when there is a strike, not beginning to end any belligerence by either side months before the end of the contract. If one looks into any history of union strikes it is nearly always because the employer is belligerent to begin contract talks. Preventive intervention should be a top priority. All parties should be at the contract table at least six months before the end of any labor contract, this way there will be a realization to the status of the contract to immediately strike after the end of the contract.
The softening of the USA economy during this time period should stand as a rational to enforce contract talks at least six months before the end of the contract.
The unions should consider writing into any contract the demand for contract talks beginning six months before the end of the contract. At that point it could become litigable to force contract talks to prevent a strike and any hardship for the strikers.
