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
And even now because she just sold a home she bought in 1986 right after she made it big with that album. The home sold for 800,000. Today. It is in connecticut. Can you imagine . I think her net worth is 30 million. That tells me she is smart with her money. She does not spend all that she has. I love the idea of living below your means. She had a huge home. I will mention the temperature in connecticut is 37 degrees. That 800,000 home in connecticut probably 2. 4 million here in the bay area. I was very proud of you today speaking of the weather because i have been talking about how people are driving to work in good weather and driving to work in bad weather and you said that. Do you think about that . I anchored the 5 00 news for years and you know that evening commute, when there is any rain on it is just as bad. Absolutely, sometimes worse. In the morning it was the fog but now that is lifting. Rain is coming but moving into Mendocino County near lake county. The actual rain on t
A much tighter race, 46 Percentage Points for Hillary Clinton, 45 for donald trump. These new poll numbers, as Hillary Clinton email scandal continues. Clinton is being forced to talk about it at every campaign saw. Mary bruises in florida where the democratic nominee is stomping today. Reporter with just 9 days left in the race for the white house, a full court press. [ cheering] Hillary Clinton in florida, rushing from brunch to church, to a rally, to a concert. A lot of noise and distraction. It comes down to what kind of future we want, and who, as our president , can help us get t here. Reporter the democratic nominee eager to change the narrative about the renewed fbi investigation into her private email server. Her rival, donald trump, turning it into a net tagline. Reporter hillary has nobody but herself to blame. She lied to congress, under oath, she lied to the fbi, many reporter while the candidates take their message on the road, their surrogates are on tv. Clintons Campaig
Small objects, trash coming at us as we drive down the interstate. Well imagine having heavier objects like this floor jack barreling down in front of you on the interstate. That is what happened to deputies narrowly missing them as they were chasing dangerous suspects. During this, some of the items went over the top of the cars. Reporter dash cam videos from Morgan County patrol cars shows the high speed chase. The passenger has broke the back window of the pickup, crawled into the top. And is now starting to throw objects. Reporter reaching speeds upwards 100 miles an hour, this stolen truck races down i76 as tools and stolen car parts come flying down the road. Whatever was in the back of that pickup came out. This is 67pound floor jack that just went by. Reporter Morgan County sheriff jim crone says though it is not unusual for suspects being chased, this case was out of the ordinary. This is one of the first chases we have ever had where people were deliberately tossing item at t