Eligible for the program in terms of the money amounts, things like that, by opening it up to more people. I really appreciate your responsiveness, thank you. Madam chair, with that i will yield back. Thank you, mr. Styers, a youre a recognized for five minutes. Thank you thank you, madam chair thank you, chairman powell, for your testimony and your willingness to be so accessible. I want to thank you for everything you are doing during this crisis. I think your actions have prevented this from getting much worse. I take your answers pretty seriously about what we need to do for people who are still impacted by this crisis. Particularly people who are still see unemployment we need to try to help them. You just answered a question a bit just a couple things, i think with the unemployment insurance, i think its important to keep in mind that some of the jobs are not coming back soon, but those jobs in those areas where travel accommodati accommodation, restaurants, bars, things like tha
Field . On a number of occasions we have issued public statements and communications to our supervisory group. We dont want to be on a hair trigger to classify loans or call them loans or anything like that. We want to look at this as an unusual situation and be flexible and thoughtful about the way we do our jobs. Of course we havent been really supervising. Were only starting to supervise again. At the fed were going to do it remotely. Were not going to be visiting yet but that time will come i think fairly soon. But were doing training for our supervisors and things like that so we want to be we have also by the way, we have encouraged banks to use their buffers. And in a similar way that Mortgage Backed securities can. Do you think that the threat of clo is properly accounted for and can you discuss how the fed has been monitoring this risk . And thats not the case. We have really good information. We include them to the extent and we include them in our stress tests and we stress
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
Of the committee and the house. All members are reminded that they are expected to observe standing rules of committee decorum when they are participating in any remote event. The technology we are utilizing to make someres us small modifications to ensure that members can fully participate in the proceedings. Designated by the speaker, the committee will operate according to congressional resolution 965, with particular guidance from the rules Committee Regarding the respective rights of all members participating. House regulations require members to be visible through a video connection throughout the precedent, so please keep your cameras on. Also, if you have to participate in another proceeding, please exit this one, and log back in later. Member experiences technical issues that prevent them from being recognized for their students for their questions, i will go to the next available member of the same party and will recognize that member at the next appropriate time, provided th
Bill with a final vote scheduled for this morning. Theyll also work on the nomination of Justin Walker to serve on the u. S. Court of appeals. Live Senate Coverage here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Lord, god of heaven and earth, today teach our lawmakers to do things your way, embracing your precepts and walking in your path. Lord, make them powerful instruments for goodness in our nation and world. Remind them at the narrow and difficult road leads to life and few find it. You honor those who honor you. As our senators receive guidance from you and following your leading, replace anxiety with calm and confusion with clarity. Give them attentive hearts and open minds as they seek to find in the diversity of ideas what is best for our nation and world. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to o