unanimous vote now the 2 days of policy to meetings were the last of the year for the federal open markets committee and in a statement the committee said monetary policy is likely to remain where it is adding the committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity strong labor market conditions and inflation near the committee's symmetric 2 percent objective the fed added they will also continue to monitor global economic conditions as they develop which could alter their plan of action and for more on this we're going to be joined today by.

unanimous vote now the 2 days of policy to meetings were the last of the year for the federal open markets committee and in a statement the committee said monetary policy is likely to remain where it is adding.

unanimous vote now the 2 days of policy to meetings were the last of the year for the federal open markets committee and in a statement the committee said monetary policy is likely to remain where it is adding the committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity strong labor market conditions and inflation near the committee's symmetric 2 percent objective the fed added they will also continue to monitor global economic conditions as they develop which could alter their plan of action and for more on this we're going to be joined today by richard wolfe professor of economics and host of economic update press well thank you so much for joining us today. glad to be here now no i want to start with the fetid signaling they don't want to alter rates over the next decade does this point to the central bank thinking we're out of the weeds of this economic downturn or is it more of a fear that low rates may be the new normal or are they just trying to stick to president trump what do you see going on here i think they're watching

economy is interest rates if you can control seats on the federal reserve board or the federal open market committee and get rates to go up then trump collapses the republicans collapse the concentration of wealth collapses the wealth and income gap is restored to normality and you have agency once again of this economy that is the only if that's the only spot you can try to hit there and hit their hit there and you can look great doing it but that is going to be ineffectual well here's another. way and the wall street journal in fact is suggesting it's because i'm curious because you know the top one percent own all the stock market that helps their wealth on paper look enormous the average boomer why they're ahead of the in that discrepancy in the wealth is almost entirely down to homes house prices they were 1st in on this house price boom member when they were 1st entering the market they had to put 20 percent down now it's down to one percent or 2 percent that you have to put down in order to leverage up and keep those high prices on homes so that the ordinary boomer feels wealthy well the wall

unanimous vote now the 2 days of policy the meetings were the last of the year for the federal open markets committee and in a statement the committee said monetary policy is likely to remain where it is adding the committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity strong labor market conditions and inflation near the committee's symmetric 2 percent objective the fed added they will also continue to monitor global economic conditions as they develop which could alter their plan of action and for more on this we're going to be joined today by richard wolfe professor of economics and host of economic update press well thank you so much for joining us today. glad to be here no no i want to start with the fetid signaling they don't want to alter rates over the next decade does this point to the central bank thinking we're out of the weeds of this economic downturn or is it more of a fear that low rates may be the new normal or are they just trying to stick to president trump what do you see going on here. i think they're marching

the federal open market committee is widely expected to keep interest rates unchanged this week.s chief u.s. financial market. let's start with where things sit in terms of reason for optimism about this economy. we have more positive data points. what do you think the fed signals this week about how it is reading and interpreting all of that. >> the fed is on hold. they signaled that recently with language and with the previous policy statement. the recent employment data that was stronger than expected i think topped the bloomberg range of estimates, certainly secures the fact that they are on hold. a little bit of weakness in the manufacturing area. that continues. ism it also the ism connie mack -- nonmanufacturing was a little bit soft. for now, it is a wait and see period. points, rates 75 basis and they want to see what the impact will be. chart on thee gdp bloomberg is showing how the u.s. eco-data as surprised to the downside recently. we are seeing a downtrend although still slightly positive. this is perhaps following europe going into the red. jobsook at the positive

on, was interview federal reserve's robert kaplan will be a voting member of the fomc, federal open market committeet rates in 2020. that combined with the likes of piper jaffray joining a chorus of bulls including bank of america saying environment calls for continued runup in stocks well into the new year, at least first quarter of the new year. bank of merge like piper jaffray saying there is nothing to halt this. it will be a good environment. firm also says technology stocks which are having a nice ride. a surprising bump in housing starts rose more than expected if the period. permit or guaranties for proxies for future construction, they were running up at about a 12 1/2-year high. shoppers doing well, housing looking better, industrial manufacturing better than expected and a lot of key firms who have a little reticent talking about these markets say they like the markets. could be counter indicator all that. here is susan. >> thank you so much. susan: i am susan li in for charles payne. we're having a september to remember. are we in for the homestretch here? we have experts weighing in on