Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Field . On a number of occasions we have issued public statements and communications to our supervisory group. We dont want to be on a hair trigger to classify loans or call them loans or anything like that. We want to look at this as an unusual situation and be flexible and thoughtful about the way we do our jobs. Of course we havent been really supervising. Were only starting to supervise again. At the fed were going to do it remotely. Were not going to be visiting yet but that time will come i think fairly soon. But were doing training for our supervisors and things like that so we want to be we have also by the way, we have encouraged banks to use their buffers. And in a similar way that Mortgage Backed securities can. Do you think that the threat of clo is properly accounted for and can you discuss how the fed has been monitoring this risk . And thats not the case. We have really good information. We include them to the extent and we include them in our stress tests and we stress
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
This is the third Congress in a row that lawmakers have introduced legislation to promote access to emergency defibrillators in schools across the nation through grant programs.
This is the third Congress in a row that lawmakers have introduced legislation to promote access to emergency defibrillators in schools across the nation through grant programs.