Credit then theyre going to be less able to attend school, perhaps, let able to start a family, less able to move to a new job. All kinds of things, economic outcomes for individuals would be potentially significantly reduced and if you take that out across a broad population it would hurt the growth of a country. I want to get your views on whether you agree with fed chairman Neel Kashkari that increasing Legal Immigration would help our economy but ill get to that another time. Mr. Bud . Thank you, mr. Chairman, chairman powell, congratulations. I know youve heard it many times but were glad to have you here. Would it be fair to say the Current Situation is willing to review and question decisions made by the fsb, the Financial Stability board, in the past. Would you be willing to review and question those . Sure. I mean, i think we always if fsb doesnt make decisions about u. S. Regulation, they make recommendations and if we were to enact something in a regulation we would put that
Jobs act in colorado. The banks of colorado, which has significant presence in the western slopes of colorado, four Corners Region that i represent wrote me after passage of the tax cut and jobs act they anticipate the passage of the reform is going to be having a positive effect on the growth of their businesses an our local economy. In fact the bank of colorado added a special bonus at the end of the year for all 641 of their associates in colorado and new mexico. Theyre going to be receiving 1000 in terms of a bonus and parttime associates will receive 250 to 500. Mr. Chairman, in my part of the country thats real money. It is not a crumb. How we pay a mortgage. How we pay for the electric bill. How we provide literally for our children. To be able to boost hose opportunities for those employees it is actually helping main street right now. The bank of colorados actions i think provide an example for news terms of new possibilities that exist in the current economy and also looking
Long richard gives birth in europe the listening post here are some of the stories were tracking this week does the case against one news website amount to the new terror to government issuing a formal declaration of war against the filipino media climate skepticism is friendship and unscientific so why is it that skeptics still manage in certain countries to get so much airtime because its a fallacy by stuff pretty much. The Italian Government has a formula for taking on the fake news problem and breaking down the happy talk. And more in the interactive getting to the core of the facebook story through pure satire. We begin in the philippines at a Popular Online news site rapper thats long been a thorn in the side of president rodriguez to tear take rappers criticism of detail to a signature policy is war on drugs and its investigations into his personal wealth have not gone down well with the president has long accused rapper of being run by americans which would be illegal under fil
President has won a second six year term. Took more than sixty percent of the vote in the general election he is credited with balancing a delicate relationship with nato without antagonizing neighboring russia right those are the headlines on aljazeera the listening post as coming up next. Facing new realities growing up when did you realize that you were living in a special place a socalled secret city getting to the heart of the matter the mean maher government calls you a gringo lead terrorist hear their story on to aljazeera at this time. The popular news website its crazy now to the Securities Exchange commission you will. Receive the be enough money for my. Freedom from the war of attrition what you call. So are we. Alone Richard Burton youre at the listening post here are some of the stories were tracking this week does the case against one news website amount to the do Territory Government issuing a formal declaration of war against the filipino media climate skepticism is fri
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