About those issues or all of the activities that are under review until we come to a conclusion about the way we can balance those if some decisions have been made and you have this uproar overseas and on capitol hill, why not make public some of what you are changing to show people that you are taking action . Well, we are engaged in direct communications through diplomatic channels with a number of countries on these matters, and a number of countries have, as you know, expressed concerns about the reports, the disclosures that are emanated in the wake of the unauthorized leaking of classified information. So that communication is happening, and its robust. And as i said yesterday, we understand the concerns that have been raised, and we are working with our friends and allies to discuss these matters, to explain what were doing in terms of the review that were engaged in and to continue to focus on the cooperative relationships that we have when it comes to intelligence gathering be
As we design the doddfrank regulations, in all of these areas were doing our very best to address in these areas youve mentioned issues that have been raised and that we consider quite appropriate. It makes sense to me that congress should consider these areas as well. I want to assure you that we will do our best in writing regulations in these areas, however, to address the concerns that have been raised. Thank you. I appreciate your attention to it. I also believe that you need additional clarification and strength in the statute to do it right. I hope that well be able to provide that from congress. Next, in numerous hearings last year it was revealed that we ed dot there are no undue oues t interruptions after they finalized the proposal for the Banking Organizations last week, the european Commissioners Office issued a statement that the fed rule conflicts with the standards on the crossborder cooperation in the bank resolution. What concrete steps are you taking to ensure effect
Emphasized, and i agree, there is no need to bring down the size of our portfolio in order to tighten Monetary Policy. We have a range of tools that we can use to raise the level of shortterm Interest Rates at the time that the committee deems it appropriate to begin to tighten Monetary Policy conditions. Thats a way off. But we continue to develop tools to make sure that we have an arsenal of tools to be able to, as appropriate, tighten conditions, and not have to do asset sales or manage our portfolio in any way that would be disruptive to financial markets. If i can shift now to the regulatory side of your duties here as chair of the fed, board of governors. Bozal three is supposed to be in effect, is it not in 15, 2015 . I believe so. Adjustments for capital, flexibility, capital liquidity, so to speak. Is that correct . I believe so. Senator crapo mentioned the foreign banks and so forth. Will you as a regulator make sure that the foreign banks comply with their capital standards
This is true because of the incredible success the Broadband Program has had across the country here and at the Brooklyn Library amazing things. Making Great Strides and addressing the digital skill divide. Many of us are wondering where the additional funding is going to come from . I should take a moment on the Digital Literacy spectrum to talk about the room we are sitting. This is a digital commons. It provides us through an increasingly sophisticated set of tools, faster connectivity. It cost around 34 million and how can we build more because we know the need is there. I am hoping the panel will talk about this. It is my pleasure to introduce the director of Library Services. Susan has done so much in her tenure to elevate libraries in the consciousness and we owe her gratitude and will be sorry to see her go. Susan, please, thank you. [ applause ] i would ask our gentlemen, the two toms if you dont mind joining me on the stage. Good morning, everyone. Well it is so wonderful to
Accountability institutions of the u. N. , there are three of them. There is the Ethics Office, where comes to whistleblower protection. There is an office of internal wersight services, to which referred, the inspector general, and the third is the justice system. Each one of these is broken in some way. Office, if we just look at the evidence, of the numbers, and i get these from the Government Accountability project, which is representing me in terms of advocacy here in washington and elsewhere, and we have the president here in the audience , there have been since the establishment of the Ethics Office in 2006, as i ever been told, 2013, there have been more who 300 whistleblowers and have come forward to the Ethics Office. Of those, the Ethics Office reviewed 99, and they found retaliation in only two cases, two. Mine is not one of those two. They turn down my case for but that is an astonishingly low percentage. 2 or depending on what your denominator is, but it is a very, very l