Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
Bank executives to hash out a plan with bad loans and not performing loans. Quickly,ard, dollaryen, sixday losing streak. Dollaryen broke 108 today. Treasury yields, up two basis points. Down about. 2 of 1 . Lets get some first word news with vonnie quinn. With david gura, rather. David secretary of state john kerry is in japan. Seven decades after the u. S. Used the atomic bomb for the first time in history, killing 45,000 japanese. With other four ministers of the group of seven industrialized nations. President obama will meet with janet yellen today, the agenda being the longterm economic outlook. The meeting will focus on the state of the american and global economies. Vice President Joe Biden will also attend. 15 former American Bar Association president s are president e push for obamas up in court nominee, merrick garland. Republicans say they have no plans to move forward on garlands nomination. Global news 24 hours a day, powered by 2400 journalists in more than 150 news bure
Internet caucus taking a look at internet privacy and personal data protection. The chair of the Federal Reserve, janet yellen, testified on the u. S. Economy and Monetary Policy appearing before the House Financial Services committee on wednesday for about three hours. The committee will come to order. Without objection the chair is authorized to suggest a recess for the committee at any time. This is the annual testimony on the Federal Reserves supervision and regulation of the Financial System. I now recognize myself for three minutes to give an opening statement. The dodd frank act requires the Federal Reserves vice chair of supervision to testify before our Committee Twice a year regarding the supervision and regulation of Financial Institutions. Regrettably, five years after the passage of dodd frank, no such person exists. President obama has been unwilling or unable to follow the law in a point at vice chair. We can no longer wait for the president to do his job so we can be al
Thank you very much. Thank you for calling this hearing, mr. Chairman, and trying to get to the bottom of some of these questions. I appreciate the line of questions. I want to follow up, i believe mr. Pummill made a statement to the extent i think you said it was virtually impossible to fire a gs employee . Could you clarify and explain that a little more from your experience . In my experience its not very much. Ive been with the va for five years. The Civil Servants i believe this is federal government wide have incredible protections and safeguards so the process of taking care of a problem employee takes an incredible amount of documentation and oversight and time and energy and taxpayer dollars and normally ends with somebody outside of our organization coming back and saying you missed a step, reinstate the person with back pay or i personally find it very, very hard and impossible to navigate through. So it is virtually impossible in your opinion. Thats my opinion, yes, congres
Roosevelt was shot by a wouldbe assassin and in this very theater he the campaign with a bullet still lodged in his chest. Now the economy is at the top top of the agenda, americans are concerned about their jobs and their families and hopes that the road ahead leads to a better future. Here in wisconsin they have seen their fair share of partisanship but they persevere and their spirit remains strong. From now, if anyone tries to sell america short, or tells me that americans dont have the will to compete or the stamina to keep out in front, i will tell them to come to see you, the people of wisconsin. [applause] election day is less than a year away. First votes will be cast in just three months. And for the first time, the end of the road can be scene on the horizon. Moderator it is 9 00 p. M. On the east coast, 8 00 p. M. Here inside the milwaukee theater. Welcome to the republican president ial debate here on the fox business network. Im neil cavuto. Alongside my comoderators, mar