The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie
a on the west side. tonight a fire erupts and a bay village home and engulfs it in seconds. fire crews on the scene at this hour. earlier and explosion felt for miles away is a propane tank explodes at crocker park good evening we have crews in both westlake and bay village. we begin where firefighters are trying to figure out what live with breaking details. Evening, a sad story we are on knickerbocker road in that the elderly couple who lives there was indeed home at the time of the fire. N made it out but the woman did not. right now you can still see the flames and smoke the making gone. the fire started arvening, this video shot on a cell phone by one of the neighbors shows you how bad the flames were. firefighters told me when they ng out of three sides of the house and over the chimney visible from nearby interstate 90. the flames were above the as very hot and just scary that Something Like that could happen so close to my house reporter they believe it dont have a cause at thi
forall of the last several weeks that resembled a cage match more than a conversation with gone giving way to an actual debate. so the question now is will the tone continue on the campaign trail with just five days left before the next round of primaries. with the big showdown in ohio around the corner we once again find ourselves in the spotlight tonight Andrew Horansky found a few businesses prepping for prime time as a result. we have been hearing a lot about the economic benefits of hosting the rnc. as it turns out there is also a payout to being a key swing state. wife, cameras and liquid tonight msnbc set up shop inside the routes cathay. they will be here through the morning around 6 00 a. M. and go well into the afternoon. there is a number of different shows, chris janson will be here here. business will continue as usual. anyone here looking to see you come in . im curious i am excited to see what will happen. walkins will serve as walk ons practically becoming part of the s
The economy which had been most impacted by Monetary Policy are housing and autos and those are two areas which are leading our recovery and evidently low Mortgage Rates have contributed, household formation and other factors have also contributed to the housing sector is an important component of the economy at this point and housing prices going up are not only beneficial in terms of stimulating more construction. Construction. It will make them more confident, more willing to spend on other business services. You are not concerned. Well, the Mortgage Rates remain relatively low. We do have to monitor or that. They are inching up. We will see where housing prices go from here. Do you believe the labor market reflects a new normal, as some have suggested question what is a sustainable rate of unemployment in your view over the media and longterm and what in your view can be done . I think we are still far above the normal Unemployment Rate. To get the one illustration, the projections