President bushs council of economic advisers. Dr. Yellen served as vice chair of the Federal Reserve until 2010 to 2014 before being appointed chair. In 2014 by president barack obama. Dr. Yellen also previously asved in the white house chair of the council of economic advisers. Time eitherfirst dr. Bernanke or dr. Yellen have testified before Congress Since stepping down from the Federal Reserve. These extraordinary times require congress to seek out of experts with extraordinary experience. As Congress Works to end the economic crisis and enable a strong recovery, we are fortunate to benefit from their individual insights and gain from their unique position as Federal Reserve chairs in the last economic crisis and recovery. I want to thank both of them for agreeing to testify today. Crisis, thento this coronavirus pandemic continues to spiral out of control. Today, over 3 million americans have tested positive for the virus, including a recordbreaking 75,600 confirmed yesterday. Than
The subcommittee meeting will come to order. I want to thank everybody for coming. Ive got a fairly short statement that i will read and then i will turn to senator coons. Were obviously convening under different circumstances than our previous meeting. Were following the guidance of the cdc and the office of attending physician, so were spaced further apart. Our staff is reduced, but were grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we can all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses if theyre allowed to open at all are operating under very different circumstances. American homes have become classrooms and offices for millions of american families. And at least for a while American Life as we know it has changed. Nonetheless access or inaccess to Broadband Internet services especially in rural areas has b
I would suggest only under those circumstances anticipated by this resolution can we continue work on behalf of the american public. I yield back. There is no constitutional issues revolving around whether or not committees can meet virtually. But congress creates the committees so hopefully we can all agree on that. Mr. Chairman i want to make a comment on the suggestion the Public Health people are making policy. They are not the governors cares one mayors and policymakers seek advice during a crisis from experienced scientist and Public Health officials, they can take that advice are not. All over the country there isic evidence some people take the advice and some are not. But all scientist that i know and the Public Health people in this country and many of whom i have worked with for years are very careful not to be policymakers they are particularly careful to present the evidence and not substitute for the policymakers. This country which has invested hundreds of billions of do
Commissioner ronen . Commissioner ronen present. Clerk commissioner safai. Supervisor commissioner stefani . Walton absent. Yee present. We have quorum. Commissioner peskin for you have any announcements . Clerk yes. Public comment will be available for each item on this agenda via telephone by calling 888 2045984. Enter access today 2858465. Not sure if its showing up on the screen. But then follow the system prompts. Once you join, youll be able to listen to the meeting as a participant. When you wish to speak on an item, dial 10 to be added to the queue to speak. Each caller will be allowed two minutes to speak. When your two minutes are up, we will move on to the next caller. Calls will be in the taken in the order in which they are received. Best practices are to speak slowly, and turn down the volume on the speaker. Please allow for a 30second lag time during the course of the meeting. Commissioner peskin thank you, madam clerk. I move on to the chairs report. Colleagues, this mo
Situation and perhaps program the fund at the end of 2020, when we have a much Bigger Picture and reflect this in the new midyear budget we plan to bring in june and the annual budget later this year. We have, however, in the meantime been engaging with key stakeholders, such as the sfmta, the department of Public Health, the Pedestrian Safety advisory committee, the bicycle advisory committee, and all of the variation advocate organizations and Community Groups on the guidelines for how the program might be structured and what the process would be for eligibility and the like. So again we look forward to bringing that all to you later this year. Turning to project delivery. Pleased to share, of course, that caltrans has made tremendous progress. Youve seen this in the news. They were able to accelerate this project by three months, during shelterinplace. Took advantage of the lower traffic levels and we do want to appreciate that theyve been able to keep the public well informed. The