Federal Reserve

In this week’s Economic Report, Dr. Rick Harper discusses the latest retail sales report, Federal Reserve Chair Janet Yellen’s testimony this before Congress, and plans for a new University of West Florida Center for Entrepreneurship.

In this week’s Economic Report, Dr. Rick Harper discusses the latest from the U.S. Federal Reserve and other important economic indicators.

The Federal Open Market Committee met this week, as it does every six weeks.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the start of spring break, the latest job growth and unemployment statistics, and “stress tests” for the nation’s biggest banks.

Across northwest Florida, Panama City has the strongest spring break season.

Even though students spending their spring break on area beaches this week have more fog than sun, Harper says economic indicators are pointing to a good spring break period across the board.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the economic outlook for 2015.

“There’s, hopefully, a lot of good things in store,” said Harper.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses Navy Federal Credit Union’s official announcement regarding plans to continue expanding its operations in Pensacola, bringing 5,000 new jobs and $350 million in capital investment to the region by 2026.

“It’s great news for the economy, probably $400 million a year in economic impact from the payroll in both direct employment, plus the ripple effect,” says Harper.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper begins with the latest from Federal Reserve Chairwoman Janet Yellen.

On Wednesday, Yellen announced that the Fed will continue its current monetary policy, cutting its monthly bond purchases by another $10 billion per month and keeping its key federal funds rate near zero. Further, she told a news conference that inflation was expected to move gradually back to the central bank's 2 percent target.

Uiniversity of West Florida

Time now for our weekly review of the region’s economy with Dr. Rick Harper – Director of the UWF Office of Economic Development and Engagement, and advisor to the Florida Senate.

Interview Highlights:

University of West Florida

In this week’s Economic Report, Dr. Rick Harper reflects on the latest comments by Janet Yellen, Chair of the Federal Reserve.  Yellen says there’s still a need to boost the nation’s job market, with a continuation of low interest rates until it improves.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses issues ranging from President Barack Obama’s proposal to toughen regulations for overtime pay to the net worth of the U.S. rebounding back to pre-recession levels.

Currently, most hourly workers must be paid time-and-a-half if they work more than 40 hours a week. Most salaried workers do not need to be paid overtime, unless they earn less than $455 a week.  But that works out to $23,660 a year, which is less than the federal poverty level for a family of four.

University of West Florida

In this week’s Economic Report, Dr. Rick Harper discusses the Florida Gaming Impact Study and various issues related to the Florida Legislature’s plans to address the comprehensive gaming legislation in the 2014 session.  The Florida Senate Committee on Gaming is holding a series of public hearings around the state.  One of those was held this week at Pensacola State College.