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Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year.
By Admin (from 03/08/2012 @ 05:06:39, in en - Science and Society, read 330 times)

Growth in employment has been slow in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending has been rising at a somewhat slower pace than earlier in the year. Despite some further signs of improvement, the housing sector remains depressed. Inflation has declined since earlier this year, mainly reflecting lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable.

Executive Order 11110

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects economic growth to remain moderate over coming quarters and then to pick up very gradually. Consequently, the Committee anticipates that the unemployment rate will decline only slowly toward levels that it judges to be consistent with its dual mandate. Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee anticipates that inflation over the medium term will run at or below the rate that it judges most consistent with its dual mandate.

To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.

The Committee also decided to continue through the end of the year its program to extend the average maturity of its holdings of securities as announced in June, and it 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. The Committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Dennis P. Lockhart; Sandra Pianalto; Jerome H. Powell; Sarah Bloom Raskin; Jeremy C. Stein; Daniel K. Tarullo; John C. Williams; and Janet L. Yellen. Voting against the action was Jeffrey M. Lacker, who preferred to omit the description of the time period over which economic conditions are likely to warrant an exceptionally low level of the federal funds rate.

Source: money.cnn.com

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There's lots of anecdotal evidence of THC/cbd actually curing cancer. The beauty of cb1 and cb2 receptors.
03/04/2014 @ 13:35:53
By Craig Daniel Smith
That is a very good point... read my comments and message me or comment on your ideas about my comment. Lets do something about this.Sounds like a stoner fundraiser needs to take place. These studies ...
03/04/2014 @ 12:29:32
By Brandon Smith
I concur, Ginamarie. I was going to say pretty much the same thing.
03/04/2014 @ 12:27:16
By Higino Alexandre
our best focus - in my opinion isn't focusing on paying for the funding for research - but freeing the system up to do the research - we need to get it out of schedule I - get it off the hit list so t...
03/04/2014 @ 12:26:30
By Ginamarie Pezzi
understanding the miraculous mechanics of how cannabinols work truly at the heart of nature's beautiful way
02/04/2014 @ 23:26:12
By Doc O'Zee
Scientists studying the benefits of cannabis are just finding out now what most pot smokers have known about for thousands of years. Of course, this is due to the prohibition of cannabis of the last 7...
02/04/2014 @ 20:48:14
By Higino Alexandre
Marijuana is a miracle plant.
02/04/2014 @ 18:46:17
By Mark Garnett


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