Federal Reserve leaves interest rates alone

[0:00] ..." This is at least sold in the WBZ newsroom the Federal Reserve again decided today hands off. But the second straight month the Fed decided to leave interest rates unchanged. Keeping the federal funds rate at 2%. Chief economist at the John Hancock financial here in Boston bill Cheney says the"...

[0:26] ..." in the fact that some unexpected did not think they didn't change interest rates and they could statement that -- Barely distinguishable from a loved one in terms of the risks they talked about."...

[1:07] ..." give them of their mission is to achieve both price stability and economic growth. They feel better in a quandary should the step on the gas stepped on the brakes and the conclusion is do nothing."...

[1:54] ..." real purchasing power in the US economy and of the performance of economic growth so actually. -- cents lower oil prices going forward. Would make the Fed's job easier on both fronts -- in both reduces the risk of economic weakness and reduces the risk of inflation. Doesn't necessarily point in terms of -- Point and in one direction in particular in terms of interest rates but it's good on both fronts."...

[2:44] ..." the end of the year World Cup skiing labor markets stabilize the housing markets stabilize. And the exports -- is still growing quite strongly. And if that'll happens. Camps assuming that oil prices remain moderates that"...

[0:00]" This is at least sold in the WBZ newsroom the Federal Reserve again decided today hands off. But the second straight month the Fed decided to leave interest rates unchanged. Keeping the federal funds rate at 2%. Chief economist at the John Hancock financial here in Boston bill Cheney says the Fed understands the economy is battling some pretty serious headway it's."

[0:22]" You know the Fed is very limited -- do and so that's reflected in the fact that some unexpected did not think they didn't change interest rates and they could statement that -- Barely distinguishable from a loved one in terms of the risks they talked about."

[0:42]" Well there are emphasizing the fact that there are some serious headwind for the economy that some. Between the housing sector in the financial market crisis and the high price of oil -- job losses. That some of the risks of the economy looks. Very much to the downside. The but at the same time which is the paradox that's perspective. We also seem to be facing heightened inflation risks. And give them of their mission is to achieve both price stability and economic growth. They feel better in a quandary should the step on the gas stepped on the brakes and the conclusion is do nothing."

[1:25]" The reduction in oil prices that we even over the love couple weeks I think it probably too. Troll to to really have any impact on the Fed's decision making and they're looking hips. What's going to happen over the next six months to a year. And obviously. The last two weeks trend could be your -- very quickly. But having said that certainly it is true that -- oil prices come down. That is both a boon for inflation and the -- full or real purchasing power in the US economy and of the performance of economic growth so actually. -- cents lower oil prices going forward. Would make the Fed's job easier on both fronts -- in both reduces the risk of economic weakness and reduces the risk of inflation. Doesn't necessarily point in terms of -- Point and in one direction in particular in terms of interest rates but it's good on both fronts."

[2:32]" I think that's the best. Trump's news that the economy is going to muddle through the rest of this year without any. The realtors two without a recession. That. Possibly even by the end of the year World Cup skiing labor markets stabilize the housing markets stabilize. And the exports -- is still growing quite strongly. And if that'll happens. Camps assuming that oil prices remain moderates that inflation isn't that much the problem. The Fed will be able to some -- relax a little bit that the risks will be diminishing. And in -- case by the beginning of next year let's say. They'll probably stop raising rates again back to a more normal willful of the mobile that's sort of -- me emergency low level. Whether it keeps them because the economy is so weak."