And freedom this makes it special difficult for an independent journalists i see many of the younger promising germans who are now making names for themselves all over the. Song live get along the way some might follow some with continue. Their experience of freedom in a sense is Life Experience of the day you can visit but your car coming back from the. Mining industry in florida and i work at you know but. This is deja vu news live from berlin separatists in southern yemen are on the advance against Government Forces and dozens of dogs as they seize control of these strategically port city aid our people coping with this escalating conflict will have a report from inside the war torn country also coming up. The head of the f. B. I. Clashes were. President trump over a controversial memo due to be released today by the white House Republicans say the document shows and trump the basis by this rather than the Justice Department democrats say it has been doctored. And sky watchers aroun
Phenomenon, namely secular stagnation. High taxes in heavy handed regulatory policy. With the election of donald trump and the passage of the tax cuts and jobs act, that has changed. Unemployment is now at a 17 year low. Wage growth is the fastest in almost a decade and companies all over america are announcing bonus to the employees and expansion in their communities. Economic growth is once again, arching 3 . However, there are some concerns we all recognize that theres been great volatility in our equity markets recently and i notice the s and p five hundred up more than 14 sins last year. Corn whether the fed can unwind a miss storeically unbalanced Balance Sheet after a decade of low Interest Rates. This was not a issue when the economy was stuck in low gear. Now that the economic transmission is shifted into high gear t clearly is an issue sochlt with that backdrop, we welcome you to your first of many hearings, note, we are rooting for you for much is at stake. As we begin a new
Committee will come to order. Without objection, the chair is authorized to declare a recess of the committee at any time and all members will have five legislative days within which to submit extraneous materials to the chair for inclusion in the record. This hearing is for the purpose of receiving the semiannual testimony of the chair of the board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I now recognize myself for three and a half minutes to give an Opening Statement. Notwithstanding the greatest monetary and fiscal stimulus in your nations history, the economy has limped along for eight years, arch averaging only 1. 6 gdp growth. Savings failed to recover from the 2008 financial crisis. A new phrase was coined by leftleaning academics in an attempt to rationalize the phenomenon, namely secular stagnation. A far more accurate and descriptive phrase, though, is high taxes and heavyhanded regulatory policy. Fortunately, with the electi
Committee will come together without onbjection. This hearing is for the purpose of receiving the semiannual testimony of the chair of board of governors of the Federal Reserve system on Monetary Policy and the state of the economy. I recognize myself for 3 1 2 minutes to give an Opening Statement. Not with standing the greatest monetary and fiscal stimulus, the economy limp aid long for eight years averaging 1. 6 gdp growth. Wages remain stagnant and failing since the 2008 financial crisis. New phrase by leftleaning academics in an attempt to rationalize the phenomena namely secular stag nation. Far more descriptive phrase is high taxes and heavyhanded regulatory policy. Fortunately with the election of donald trump and passage of tax cuts and jobs act that has all changed. Employment is now at a 17year low. Wage growth is the fastest in companies all over america are anow ns bonuses to employees and skpap expansions in their communities. Economic growth is averaging 3 . There is grea
Act and we look forward to your testimony. For the past year our committee has been working to improve, strengthen and streamline health care and welfare programs under our jurisdiction. In health care we have taken action to cut needless red tape, makes it more difficult for providers to deliver high quality care to their patients we advanced targeted bipartisan reforms to improve medicare to the American People. Continue the drive to strengthen quality and care coordination. In our committee played a firsthand role developing comprehensive legislation repeal and replace the Affordable Care act. With the American Health care act passed by the house last may we delivered marketoriented solutions that would truly increase flexibility, reduce costs, and return control of health care to the American People where it belongs. All this bill stalled in the senate, congress continued to deliver relief from obamacare, including repealing the harmful effects of the individual mandate in independ