have revised down there estimate of the long run unappointed rate since then.w -- if they knew then what they know now, they would not start raising rates until march of 2017 when the gap was at that level. joe: are there people today looking for a job that would have found a job if the fed had already hiked -- had not hiked so early? adam: my estimates are that somewhere between 500,000 and one million workers would be employed today if the fed had started raising rates later. earlier,point you made that even with everything aside, the fact that the unappointed rate is slicing through the estimates, that should cause themto assess what caused together estimates wrong. what do you think the reluctance stems to do that? is it ideological or something about the institutional makeup of the fed? why have we not seen them become for the fact that there estimates were way too high? adam: that is a great question. i think it is only a matter of time. my position is not the consensus position among economists. it is not even the position here at moody's analytics. time

wo, ing inflation up t would say with the unappointed rate, we are well-positioned to continue with inflationr objective and a little above. suggests the fed will tighten above the collective view of where neutral might be. investors worry that you will go too far this time? .> we know the history in my view, i do not want to choke off the expansion. it is getting closest to the longest expansion in u.s. history, and i would like to reach that mark and set a new record for that. , myook at the projections colleagues and i, when we brought them down, when we do see the rate moving somewhat above neutral, but not enough that i think it is about tight monetary policy that would risk choking off expansion. we are trying to get this balance right, and keeping the expansion going but on a sustainable pace. >> the dot plot shows the committee coalesced around four moves and will do something in december. rangeare a significant of outcomes, but there are people who are at two and four. what is your expectation? >> if you look at the center of the range, from my colleagues' projections, it is a reason

getting inflation up to 2% i would say with the unappointed rate, we are well-positioned to continueinflation at our objective and perhaps a little above. >> the dot plot suggests the fed will tighten above the collective view of where neutral might be. why shouldn't investors worry that you will go too far this time? >> we know the history. in my view, i do not want to choke off the expansion. it is getting closest to the longest expansion in u.s. history, and i would like to reach that mark and set a new record for that. we look at the projections, my colleagues and i, when we wrote them down, when we do see the rate moving somewhat above neutral, but not enough that i think it is about tight monetary policy that would risk choking off or stalling expansion. we are trying to get this balance right, and keeping the expansion going but on a sustainable pace. >> the dot plot shows the committee coalesced around four moves and the expectation in the market is something will be done in december. there are a significant range of outcomes, but there are people who are at two and four. wha

black unappointment at an all-time low. president obama brought an all-time high for welfare.d president palestinian clinton before him brought an all-time high for black incarceration. why isn't the black community standing with our president right now? >> sean: did he say he was a billionaire? >> yes, tlly fox news reported that. >> sean: how awesome, talking about jobs that pay 50, 60, 70,000 a year. people would love those jobs. get them here. john james, i had the opportunity to interview on my radio show. i honestly, can say this, on radio 30 years, he took my breath away. because of your passion. i hope the people of michigan are getting to know you. i know it's a tough state to run for senate. i hope the people of michigan aring what i think is a great message to make michigan great again. >> people in the state of michigan are astute. this is a state that donald trump won but so did bernie sanders. they're sick and tired of being sick and tired. when you look at 98% of black people vote in one party that's the reason we don't have a seat at both tables. i'm an indepen

. >> this is the best economy we had a 20 is in the lowest unappointed rates since henry mancini was topping the charts back in 1969. >> they tackle the issues that are important to you, the voter. my from wtae channel four, this is the 17th congressional district debate. >> hello, everyone. i'm mike clark from pittsburgh action news for metro map of the league of women voters and wtae channel four welcome to our debate between the candidates for pennsylvania 17th congressional district seat. thank you to the national audience watching ellen c-span live in those listening. this newly printed district includes much of western and northern allegheny county, all the beaver county and parts of cranberry township and butler county. let's meet our candidates. the return representative in pennsylvania's 12th congressional district republican keith rothfus. and freshman representative in the current 18th congressional district democrat on olympic we welcome you both tonight. also welcome to our panel is representing the league of women voters, terrie griffin. investigate before paul van osdo

we been recognized as the number one state in the country and we have the second lowest unappointed rate, third-best minutes state and our taxes are going down, wages are going up. our budget is balanced $127 million for the bus investing like never before in education, job training and healthcare. i humbly ask for your vote on november 6 to build on the success we have seen to keep this economy growing. not to raise taxes and not to raise regulation and not to stifle an economy that is going but to keep it moving in the right direction. moderator: mr. hubbell, 60 seconds. >> thank you all for watching tonight. we've had a lot of conversations about what we want to do. governor promises more of the same. i promise to bring change. i want to tell you why i'm here. almost 30 years ago my wife and i faced a life-changing experience. we were held hostage on a hijacked plane by three terrorists halfway around the world, automatic weapons pointed at our faces and our lives were threatened every day. my wife was held on that plane for six days i was held for 13. we had little to do and very lit

unappointed regulations with all federal funding for programs scratches have significantly more student debt and the earning potential. i trump administration has proposed to resent gainful implement regulation. how should congress ensure students are able to pay off the loans and find gainful employment? >> thank you. back to you guys. >> mr. levin? levin: thank you for your question and i would look for to roll up my sleeves and trying to work on the student loan crisis, which is $1.5 trillion in the next envoy to burst if we are not careful. what breaks my heart is when you see the high interest rates been charges some states as well as their parents. sometimes use 13, 14% interest. i think we need to renegotiate those loans to lower rates. if the banks are borrowing at three and 4% there's a reason why students should be paying so much higher. i think we need to expand loan forgiveness program for all those who like to seek a career in public service whether that's undergrad or grad and i'm support other calls for all act which would really help those going to community college or a

i expect unappointed to get to below 3.5% by next year.ct unemployment to get to below 3.5% by next year. it is consistent with wage growth and strong economy, so i am not worried about inflationary pressures for the next week or -- next year or two, but we want to keep it in good balance. we do not want to see inflationary pressures pick up. we have not seen as yet, but we are watching closely. bonder the past week, yields have moved up at the long end. how do you interpret that? john: i think the market participants are seeing the strong u.s. economic data. we are seeing a number of indicators showing that the economy is growing at a pretty strong rate and there is momentum growing towards the end of the year. so people are looking at a strong economy, typically associated with a somewhat higher interest rate and a strong outlook. that is the way i interpret it. i do not see the market telling us they are worried about inflation or anything, looking closely. i think the data reflect the strength in the u.s. economy. on wednesday said "we

donald trump and his administration has been able to accomplish over the we havemost two years, seen unappointedrop to historic low levels, african-american, hispanic unemployment dropped to the lowest levels in recorded history. that is a good thing. is there more work to do? of course there is. is let's give him the opportunity to continue on the path forward of creating jobs, over 4 million new jobs created. let's give him the opportunity to reassert our dominance and draw those red lines in the sand when our enemies like bashir al-assad or using chemical weapons against innocent men, women, and children, there will be a response from the united states, allies to make sure that they understand that is unacceptable behavior. that allomething americans can agree on. i don't think any dictator should use weapons against innocent men, women, and children. this president has said he will not tolerate it and will join with our allies around the world to go in and prevent that from continuing to happen. could we have our differences? of course we can. but from an economic side, we are a country that