Nearly 40 years after their First Encounter good morning from the studio 57 newsroom at cbs news headquarters in new york. Thanks for joining us. Im annemarie green. This morning, a complex weather system is threatening the east coast with widespread flash flooding and gusty winds and beach erosion and that is before another powerful storm comes into play. The storm promising hours of soaking rain and residents in flowedprone areas are urged to prepare. In new york city a travel advisory issue has been issued. It knocked down trees in western pennsylvania. Earlier the heavier rain soaked virginia at James Madison university oncampus tunnel turned into a river and floodwaters formed lakes on campus. Tropical storm joaquin is strengthening and heading west and expected to become a hurricane soon. Meteorologist eric fisher of our boston station wbz has more on all of this wet weather. The next several days the Biggest Issue is about the rainfall. Flood watches are out from North Carolina
Good morning from the studio 57 newsroom at cbs news headquarters in new york. Thanks for joining us. Im annemarie green. This morning, a complex weather system is threatening the east coast with widespread flash flooding and gusty winds and beach erosion and that is before another powerful storm comes into play. The storm promising hours of soaking rain and residents in flowedprone areas are urged to prepare. In new york city a travel advisory issue has been issued. It knocked down trees in western pennsylvania. Earlier the heavier rain soaked virginia at James Madison university oncampus tunnel turned into a river and floodwaters formed lakes on campus. Tropical storm joaquin is strengthening and heading west and expected to become a hurricane soon. Meteorologist eric fisher of our boston station wbz has more on all of this wet weather. The next several days the Biggest Issue is about the rainfall. Flood watches are out from North Carolina up into new england. The same area we are go
Countries will have an impact of the value of a dollar and the economy. Were interested in having the chairman address that issue also. These are some of the major issues we will discuss, and i certainly look forward to hearing chair yellens thoughts on this. There is also growing uncertainty that we should add to the occasion. Too many mornings we hear breaking news or pick up the newspaper and find headlines we dont want to read. That appears to be a spreading cancer not only in the United States but also throughout the world. And so the uncertainty that that levels and the impact that it has on economic policies is perhaps another issue that we ought to be discussing. This morning, unfortunately, the house of representatives has a series of votes coming up shortly, so there may be some in and out of members having to deal with that as were trying to wrap up our session. Im going to try i will ask our members to try to keep their remarks and questions to five minutes. If we need a se
We are very, very happy to have congressman teeberry take over as vice chair. Welcome. I also want to welcome our distinguished chair of the Federal Reserve janet yellen and thank her for appearing before us this morning. This committee has a long tradition of receiving regular updates from the chair of the Federal Reserve and were pleased to be continuing that tradition today. U. S. Economy has struggled through a long season of at tted growth. Over that time, our economy has grown at a historically slow pace averaging 2. 2 per year. Some had suggested that a 2 growth rate is and will be the new normal for the economy. All of us should view these low Economic Expectations as unacceptable. The fed certainly has an Important Role to play in setting Monetary Policy. And that is where its focus should be. There will no doubt be discussion of fed policy and Interest Rates during todays hearing as Monetary Policy by the fed has been the norm for some time now. We should also be mindful that
Its on our website. Its very powerful. Particularly think the three things katie talked about if ou look at the nature of the terrorist against the United States its all of the above. Every tactic technique that could potentially be available has been aimed at the United States which is important when you think about countering that. When everybody has an easy button answer, seal the border or keep out the refugees or end the visa waiver program. None of these are the terrorists just move on to something else. So in your programs toupt be efficacious and have due diligence. But somehow the notion we put a plug in and the flood is stopped is a rally wrong way to do that. Youll do more damage in terms of freedom prosperity and own security by fixating on something, if you just put my Bumper Sticker up there this problem will be solved. Its a powerful tool. Mentioned today the report that we did the analysis of the administration Counter Terrorism strategy i still think thats a very impor