http://192.168.2.6/english/利率不变：美联储在等什么？.rm

Alfired Broaddus is the former president of the Richmond Federal Resereve, he is joining us now. Mr.Broaddus, so it's the pleasure to have you with us on Saturday and We appreciate it.

Nice to be here.

So, you know Steve Tang in chief was saying look they just -? they did change one phase but economic growth is slowing in the first part of the year. What did you hear in the statement of significance?

Well, you know, as you said there is absolutely no significant change, they did solute slower growth in the first quarter. I guess that's not too much of the surprise, you know that one thing that occur to me is to look at some of the background information. One of things they motioned in the minutes of last meeting was the apparent weakling at that time and capital spending, business spending for equipments. That is actually means monthly a little bit stronger, so you know, when I was looking ahead, I thought maybe they would just leave I was sure they need to change that, but I guess they felt that they had to change the recognized slowing in the first quarter. I might just mention some of your commenters earlier talking about the inflation situation? You know I always mention that year over year, core PCE number when you interview me and last number there for March over last March, actually it's pretty good number, 2.1%, right above the top of the supposed ,I can't use a word , target, desired, range. One thing that need to be brought out here even though it wasn't mentioned in the statement there is some concern in some quarters of productivity growth, transproductivity growth has been slowing and that would tend to make the longer term inflation ,look maybe a little bit less favorable than what otherwise be the case .I think that might be in the mind of some committee it is still uncertain. But I think there might possibly be a fact of this influent thing that can change and can concern about inflation.

And refusal to sort of rash inflation down, I guess, but here's my question Mr.Broaddus brought you, , you know, we have two CEO on top of the program , Prago on industial and Cash America upon shot, both of them said I don't need the Fed to cut rates in order for my business to be all right or in order to avoid recession. But Both of them said, it will be really nice, I’d love to see the Fed to cut rate. Do you think that Fed feel that pressure. Do you think they will cut this year.

I don't think they feel much pressure now .The business folks ,they bless the harsh they now keep the economy rolling often a buyer ? Warning lower interest for obvious rise ?. But I think,I think The Fed first is expected really satisfied with the current situation. I do believe they want to see that year over year inflation rate that’s measured by the core PCE drop down fairly soon into the one and a half two percent rate that they desire and I think that's gonna be a factor, I don't think, at this point they do really worried about emerging weakness in economy and I expecting projecting some gradual increase now. You know, we do have weakness in housing still. If that continues, if they work together,worse, that's the kind of the thing that might at some point down the road trigger fit easing ,but that's not something that I looking for now.

On hold until further to notice, Mr.Broaddus, it's great to talk to you, thank you.

damn...

damn...