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World, you know, the dollar is viewed as a reserve currency. We have some of the most liquid Financial Markets in the world. But of course, we are tightly linked on the trade side. How our policy cap benefit patients of our policy path are then affecting financial conditions, and of course, importantly True Exchange rate channels through a very important feedback, we have come back around in effect, u. S. Domestic conditions. In the past year, china has figured prominently in terms of global risks and Global Financial conditions as china has managed challenges on the domestic front. So, those kinds of considerations naturally have to be taken into account when we think about risk to the outlook, they naturally will effect policy deliberations and the path the policy. That is the way in which risks emanating from china, and of course, china was the really predominant source of Global Investment growth for several years following recovery. And that was a very important source of demand and growth for emerging market linked to china both through commodity exports and supply chains. We have seen that as china is attempting to rebalance its growth plan, relying less on investment, less more on domestic demand. That is rippled through supply chains and other emerging markets and through commodity markets. Those things do matter for our domestic objective back in the u. S. All right, a question here. You touched on fiscal policy in europe and in asia. I was wondering if you might want to touch on fiscal policy in the u. S. And how that might be complicating your efforts. Mr. Cunningham with the question about the labor force. Lael in the u. S. , we are differently situated than many of our foreign partners in the sense that we have been recovering. We have made quite a lot of progress on employment, the labor market has come a long way. We have seen some signs of slowing in the last few months. A little less progress, but nonetheless, we have also seen core inflation around 1. 6 , which is below our objective. But, we are seeing progress. We are differently situated relative to some of the other economies, particularly japan and the euro area. We are in a period, in particular, it may be that the neutral rate is low for some period of time, or in a period where there are reasons to one 21 aggregate demand to want aggregate demand. There may be a case to be made for Infrastructure Investment complementing the goals we are to retrieve and monetary policy. But, again, those questions about really needing to bolster aggregate demand or even more important in other parts of the world where they have a bigger challenge. I am afraid we have run out of time. I hope you will join me in thanking dr. Brainard for not only a wonderful presentation, but comprehensive responses to a variety of actions. Thank you so much for taking the time to be with us. [applause] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2015] cspan, the Arms Control Association awards hiroshima survivor setsuko th urlow the person of the year award. Then, a discussion on the future of the u. S. Nuclear weapons program. After that, a News Conference of Bernie Sanders in california. Thats followed by Hillary Clinton campaigning in long beach, california. Tsa administrator peter have injured testifies today about tsa screening delays at u. S. Airports. Hell appear before the Senate Homeland security and Governmental Affairs committee, live at 10 00 a. M. Eastern on cspan three. The u. K. Votes on whether to remain in the european union. Today, british Prime Minister David Cameron and u. K. Independence party leader nature nigel for roche will debate the issue. At 4 00 p. M. Y itv eastern on cspan3. Our live coverage of the president ial race continues tonight, with primaries in six states california, montana, new jersey, new mexico, and north and south dakota. A more different vision for our country and the one between our side of democrats for progress, for prosperity, for fairness and opportunity, than the presumptive nominee on the republican side. So we are going to win for our vets. We are going to win on education, no more common core, bring it down, bring it down, we want it local. We are going to win with health care. We are going to win at the border. We are going to win and trade. Redefine what to politics means in america. We need people from coasttocoast, standing out, fighting back, and demanding a government that represents all of us, and not just the 1 . [cheers and applause] join us live in a quick p. M. Eastern for election results, candidate speeches, into reaction. That we will look ahead at the fall battleground states. Taking you on the road to the white house on cspan, cspan radio, in cspan. Org. Public. E going we will be watched by our friends and by people across the country. And i would hope, as i said the th senate may change, not as an institution but may become a more, efficient body because of televised proceedings. The proceedings of the United States senate are being broadcast to the nation on television for the first time. Not that we have operated in secret until now. Millions of americans have sat in the galleries and observed Senate Debates during their visits to washington. But today, they can witness the proceedings in their own homes. And in effect, the senate floor has been kind of a stage. The senators have been acting on that stage. The audiences in the galleries. And by our action today, we havent fundamentally altered that situation, we have simply enlarge the galleries. We have pushed out the walls to include all the American People who wish to watch. Commemorating 30 years of coverage of the u. S. Senate on cspan2. The Arms Control Association held its annual meeting monday in washington, d. C. Hiroshima atomic bomb survivor hurlow was awarded the 2015 arms control person of the year award, and spoke about her life and work. This is an hour. Good morning, everyone. Good morning. Welcome to the 2016 Arms Control Association annual meeting. I am the executive director of the Arms Control Association. We are an independent Membership Organization established in 1971. We are dedicated to reducing and eliminating the threat posed by the worlds most dangerous weapons. Nuclear, chemical, biological, and certain other weapons. We are pleased to see so many of you here today. Members, friends, supporters, and others are what make our work possible. Members, friends, supporters, reporters, also. The support and contribution of our members are what makes our work possible. Thank you for all that you do for us. We could not be here today without you. I want to welcome those of you watching on cspan today, following the annual meeting for the next few hours. Find out more about the Arms Control Association, about our news and information, analysis we provide about weaponsrelated challenges and affect the s through our website, armscontrol. Org. Access analysis, including our monthly journal, arms control today, on our new app. Yes, we have an app. The latest in arms control information technology. The arms control app can be downloaded for use on apple, android, and amazon. So if you dont know about that and you are here at the meeting and you need technical assistance, we have folks outside who can help you download your arms control app. We encourage those of you here today and watching to engage with us through twitter with the armscontrol16. As you can see from our Meetings Program on your table and available through the arms control app, we have organized a substantive, highlevel program today that is going to cover a wide range of challenges facing the United States and the world. And in particular, the next president of the United States. In about an hour, an expert panel of leading experts on preventing the spread of Nuclear Materials will discuss major proliferation challenges they think will face the next president of the United States beginning in 2017. We are honored to have as our second keynote speaker the deputy of National Strategic communications, benjamin rhodes, who joins us to talk about president obamas ongoing efforts to discuss the number, role, and risk of Nuclear Weapons. He is also going to take questions from this audience. That should be very interesting. In the afternoon, we will finish up with Expert Panel Discussion on the enormous budgetary cost of president obamas plan to make upgrades to u. S. Systems. That panel will discuss possible options and issues and choices for the next president and Congress Regarding those costs while still addressing key u. S. Defense requirements. First of this morning, we are going to begin with our opening keynote speaker. And the awarding of the 2015 arms control person of the year award. We will be hearing in a few minutes from the remarkable setsuko thurlow, who was a 13yearold student at her school in hiroshima when the u. S. Air force detonated an atomic bomb on her city. In recognition for her efforts and all the survivors of the hiroshima bombings, to ensure that no such horror occurs again, she was nominated for our arms control person of the year award last year. To introduce her and present her with the award is the vicechairman of the Arms Control Association, paul f. Walker. Paul is a significant figure in the arms control field. He was recognized in 2013 as the recipient of the livelihood award for a decade of service. After pauls introduction of setsuko, we will hear from her, and she will take your questions. Paul, i would invite you to the podium. Setsuko, if you could come up also, that would be great. Good morning, everybody. Nice to be here. Nice to see so many friendly and recognizable faces in the audience. Nice to see we have such good turnout today as well. As the general said, my name is paul walker. I work with green cross international, founded by mikael gorbachev. Chairman of our group for 23 or 24 years now. I am delighted to be here today as vice chair for the board of the Arms Control Association. I have the very enjoyable task of presenting the 2015 arms control person of the year award to setsuko thurlow. Let me say a few words about the award and how we make this determination. I know many of you here know this already from our many annual awardees. Every year since 2007, the Arms Control Association staff has nominated several individuals and institutions that have advanced effective arms control and or raised awareness of the threats posed by mass casualty weapons. Each of last years nominees provided leadership to reduce weapons related security threats. You can see the winners since 2007 in your program. Setsuko thurlow and the hibakusha of hiroshima and nagasaki received the highest number of votes in an online poll to determine the 2015 arms control person of the year. Setsuko thurlow and hibakusha of hiroshima and nagasaki were nominated for sharing their accounts of the inhumane effects of Nuclear Weapons, which serves to reinforce the taboo against further use of Nuclear Weapons and maintain pressure for effective action in eliminating and outlawing Nuclear Weapons and testing. By sharing first handing experiences, thurlow, who now resides in toronto, and many other atomic bomb survivors like her have played a Critical Role when it comes to raising awareness of the human consequences of Nuclear Weapons use and prompting leaders to take action to end the nuclear threat. Fitting that, 70 years after the bombings of hiroshima and nagasaki, our voters chose to honor those who experienced the horrors of Nuclear Weapons. I cannot imagine, as a 13yearold experiencing a Nuclear Weapon exploding overhead. They have worked hard and tirelessly to ensure that Nuclear Weapons are never used again. Setsuko and the diminishing number of surviving hibakusha are a reminder of why a pursuit of a World Without Nuclear Weapons is so important, to quote our esteemed director of the Arms Control Association. With that, setsuko, let me give you the award. If you would come up, i will present you, on behalf of the Arms Control Association, many of you, i am sure, with this prestigious award. We are very pleased to have you with us today. Congratulations. [applause] setsuko, i will let you make your presentation. We will try to leave time. We have until about 10 00. I will try to leave time for questions and answers. I will try to triage q and a after your presentation. The podium is yours. Ms. Thurlow thank you very much, all. I feel so humbled and pleased to receive this beautiful i am very happy to be here this morning and to meet with you and to receive this honor and to have the chance to talk a little bit about my experiences and thoughts and feelings about Nuclear Weapons. I just made a lastminute change in my plan. I am just speaking from the heart and put the paper away. Really, it was a total shock, surprise, to learn i was going organization. Especially when i learned that people around the world voted for me. I did not realize i had so many friends around the world. But, i felt it was a miracle that i received it. Not only i, but my fellow colleagues, the members of the hibakusha association in japan they are together remembered and honored with me. On their behalf as well, let me give you my heartfelt thank you. Now, i used the word miracle lightly, but 71 years ago, i did experience a miracle. And here i am in your company today. I thought i ul

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