Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
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
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
The east canyon fire in southern colorado is 0 contained with a red flag warning for critical fire conditions. Its burned 2,800 acres and firefighters are trying to keep it from spreading south. It was sparked by lightning. We turn, now, to a new development in the investigation into the Helicopter Crash in calabasas, california, back in january that killed kobe bryant. A new report is shedding new light on the events leading up to that deadly crash. Heres abcs adrienne bankert. Reporter the new report on the crash that killed kobe bryant, his 13yearold daughter gianna, and seven others, including their pilot, who in their final moments told air Traffic Control they were climbing to 4,000 feet. But in reality, they were falling, according to the ntsb, evidence that the veteran pilot may have been disoriented in the fog. This and other details part of more than 1,000 pages of communications now made public, including Text Messages sent from the pilot, zobayan, one of bryants preferred p
Maria good thursday morning, everybody. Hangs very much for joining us this mornings. I hope youre having a good morning. Im maria bartiromo. It is thursday, october 5, 7 00 a. M. On t east coast. Former President Trump is slamming the Biden Administration after Alejandro Mayorkas announced there is an immediate need to waive dozens of federal laws to build more border wall. Trump says biden sees our country as being invaded. What will he do with the people that are already here. The Biden Administrations move is a complete 180 from what President Biden said on the campaign trail back in august of 2020 and what hes been saying ever since. Watch. Trump campaigned on build that wall. Are you willing to tear that wall down. There will not be another foot of wall constructed in my administration. Maria what a reversal, todd. Do you believe it . Are they really going to put theres all that material sitting on the ground in texas, right . And a its already been paid for. I believe theyre goi