Remote hearings certainly arent the same as sitting together in our Committee Room but this new authority has allowed us to continue to do our work on behalf of the American Peoples while keeping our staff, family and broader communities safe. This is the second official virtual subcommittee hearing in the ways and means committee. As with our previous hearing i want members to know i plan to continue this committees long tradition of collegiality and substantive debates. Even as we conduct our business from afar i will continue to work with our Ranking Member and his staff so to ensure that the rights of all members are respected in this new virtual format. Before we turn to todays important topic i want to remind members of a few procedures to help you navigate this new platform. First, consistent with regulations the committee will keep microphones muted to limit background noise. Members are responsible for on meeting themselves when they seek recognition or when recognized for the
You might say better late than never. Adam that is exactly what i would say. Better late than never but also powell and Richard Clara for the process. There is a reality going back to well before the Global Financial crisis that the phillips curve has been flat. This is a fancy way of saying you can have deviations in inflation deviations in employment to the upside and you do not get that much inflation for it. Then you combine that with the reality we have seen in japan for a long time and in the u. S. And europe for the last 12 to 15 years that when youre too close to zero on your Interest Rate balance, you cannot react as well as you should to policy and adjust policy. Fomc powell and the they unanimously adopted the statement before he spoke what jay powell and the fomc are saying is they are catching up with reality. And jay powell was framing this as we have to be realistic and pragmatic. This is how the economy has changed in our process must reflect the way the economy has cha
Its fullness in eternity, we bring our petitions to you using some of his final words. Bless the members of this peoples house and those in authority on all levels of society with wisdom and courage to address the unholy oppression that awaits so many of our brothers and sisters of color. May there be a new creative way of establishing Something Like Community Policing that peace and security might be enjoyed where we live. O lord, do we dare to consider the power of nonviolence in our homes, our communities, our nation, and perhaps in leadership for our world. Might we truly be called, if not challenged, to beat our swords into plowshares and spears into pruning hooks so that nations shall not lift up sword against nation, neither shall we learn war anymore. And as we are reminded, the greatest expression of nonviolent challenge to injustice is the vote. Bless all efforts to secure access to the ballot for all american citizens. Help us, o lord, to answer the highest calling of our he
Near south van ness and 14th street. The fire damaged about a half dozen buildings and 3 people. Our first Taylor Bisacky joins us now live from the scene taylor. Were starting to see those flames in flare ups yet again if you take a look here behind me you can see that orange glow from the flames in the back of the building this is actually the same area where firefighters believe that the fire started thats the bar filled sales building. Now firefighters say theyll be out here for the next few days to monitor these hot spots. Again its the window, there is nothing its all hank claimed. Equipment on Business Owners in San Franciscos soma neighborhood returning to burns crumbled walls in many if not all items are broken. Im still in shock. We making everything at this is the last thing i was i was waiting for the show their dough owns a catering Business Inside one of the 6 commercial buildings that this fire tore through. Next door a heartfelt sales, the fire was still burning into tu
Many lawmakers spoke about the impact coronavirus pandemic is having on the u. S. Heres a look at their remarks. Week after week this capitols been a study in contrasts call detail of two chambers of hern, in the u. S. Senate the lights are on, the doors are open, and we are working for the American People. All month, we have been in session passing National Security c legislation, confirming key nominees and Holding Hearings on the Coronavirus Crisis and the effectiveness of the historical rescue package the senate wrote in the senate passed. We are heeding medical guidance and taking new precautions but we are showing up and getting things done. Over across the rotunda in the house, crickets. Crickets. There lights off, the doors are locked, the peoples houses shown up for a grand total of two legislative session days since march. Well, two days in eight weeks. Thats a blistering pace. Last week they flew into town to pass speaker pelosis latest 1800 page liberal wish list. Diversity