For them. But that is an a direct attack. Host bill in lynchburg, virginia. Caller to me, people claim that the Second Amendment is the most important thing. The right to vote is the most important thing right that we have, and republicans are doing everything they can, all over the country, to try to make it harder and harder for people to vote. We have holidays for everything, but the day that we elect the president or a congressman or something, many people cannot get there to vote and they are trying to make it even harder. To me that is the most important thing that we have in our constitution, is that right to vote. They do so much. Bill, what do you think about early voting, as well as a day off . Voting, they have tried to present that in some states they are working some have early voting. They make it difficult to get absentee ballots, you have to give some special cases are outright lie to get one. Now in virginia where they are oath,g about the loyalty i have another commen
Or washington to come here and determine we would have to raise that kind of leverage, i went through all the floods. Could you explain that for me . Mayor nagin what are you running for . Excuse me . Mayor nagin what are you running for . Dogcatcher. No, im not running for anything, im just a working person. I just asked the question. Mayor nagin let me try to answer you never answer any question. Mayor nagin enough of the political ads. Im not political. Mayor nagin these are legitimate questions. Pine village is an area that really needs electricity. They are working to get you electricity, and their commitment is to have electricity there by january. Once you get electricity, the world will change out there. As it relates to you and limiting your home, that is a personal decision that the homeowner has to make. If you want to elevate your home, and do it. If not, then that is your own personal decision. All we can do is take the federal law on the books and try to get people as muc
Supportive of the provisions included in the recent treasury report. I hope that the Federal Reserve is taking the recommendation seriously, have you read the report . Chair yellen i have read the report. There are many very useful and productive suggestions that mirror things we have been thinking and doing ourselves with respect to tailoring of our regulations, reducing burdens on Community Banks. I think the recommendations pertaining to the volcker rule and looking for ways to reduce burdens are useful. There are a few points where we have a different view. A lot is very useful. I look forward to working with you because while our branch of the government is a check on the executive branch we want to work with you to try to improve the ability of our banks to do the job of helping the communities grow. I am glad you mentioned Community Banks because i have a quick story i like your response to. I have shared this with the committee in the past with regard to Midamerica Bank and tru
Looking at. We have not looked into individual transactions with the president. That was one of two reviews that was done in deutsche bank. The mirror trading and high profile of politicians elected officials review. Are you familiar with that . Chairman yellen im mott familiar with the details. Our focus has been on the safety and soundness of the operations of deutschy in the u. S. Ms. Waters i yield back. Chairman hensarling the chealed yields back the gentlelady yields back. The chair now recognizes mr. Barr. Mr. Barr thank you, mr. Chairman. Chairwoman yellen, welcome back. In terms of the plan and in terms of portfolio composition and Balance Sheet normalization, why does your plan contemplate rolling off treasury securities at a faster pace than mortgage bonds . Chairman yellen so, the differences are relatively slight. My expectation is although one cant be certain of what the prepayments of principal will be on Mortgage Backed securities that ultimately our caps on reinvestmen
Okay, thank you at that end, i mentioned that im supportive of the provisions you have include in the recent treasury report. I hope that the Federal Reserve is taking some recommendations seriously. Have you read the report yet or are you aware of it yes, i have read the report and there are many very useful and productive suggestions that mirror things you have been thinking and doing ourselves with respect to tillerian the rate we are always looking for ways to reduce the burdens that are very useful there are a few points where we have a different view, but a lot in it that is very useful. I look forward to working with you on that while our branch of the government is a check on the executive branch and agencies, we want to work with you to try to improve the ability of our banks to be able to do the job of helping our communities grow. Ive worked with the committee in the past. My district has been caught in purgatory for the last five years. The agency has blocked the merger and