Major fundi fromhe pbs newshour has been provided by when the will get l complicated, goes through your mind. With fidelity wealth management, lothey can tai recommendations to your life. That is fidelity wealth management. Consumer cellular, johnson johnson. Financial services firm, raymondjames. The chanceft initiative, working to build a more healthy, just and inclusive future for everne. For more than 50 years,g advancdeas and supporting institutions to promote a better world. Anith the ongoing support of these individuals and institutions. This program was mad cpossible by tporation for public broadcasting and for and by contributions to your pbs new station from viewers like you. Thank you. Stephanie we wilreturn to dy and the full program after the latest headlines. Republicans in the u. S. Senate say they are ready with a new trlion dollar covid19 really plan. After meeting with white house officials for two hours this evening, Democratic Leaders said they were frustrated. All
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
Redfield, director of the center for Disease Control and prevention and we thank you for being here this morning. Doctor redfield, to discuss the cdc and ongoing response to covid19. I also want to welcome the subcommittee members, Ranking Member congressman thomas paul andour full Committee Chair. I want to thank you to subcommittee members who are here in person as well as subcommittee members who are participating by secure video teleconference. Before i moved to my Opening Statements and because this is our first labor hhs and Education Appropriations Committee hearing with some members participating remotely, i would like to begin by offering a brief explanation of how it will work and in order to benefit those members and the public. This hearing room has been configured to maintain the recommended sixfoot social distancing between members, witnesses and other individuals in the room necessary to operate the hearing. Which we have kept to a minimum. Some members have opted to use
Vaccine development and efforts to address disparities in minority communities. This is abouttwo hours 45 minutes. This hearing will come to order. First i would like to welcome our witness, doctor robert redfield, director of the center for Disease Control and prevention and we thank you for being here this morning. Doctor redfield, to discuss the cdc and ongoing response to covid19. I also want to welcome the subcommittee members, Ranking Member congressman thomas paul andour full Committee Chair. I want to thank you to subcommittee members who are here in person as well as subcommittee members who are participating by secure video teleconference. Before i moved to my Opening Statements and because this is our first labor hhs and Education Appropriations Committee hearing with some members participating remotely, i would like to begin by offering a brief explanation of how it will work and in order to benefit those members and the public. This hearing room has been configured to main
Interest rates in the coming months comments came here which took place during an address to the Greater Providence chamber of commerce in rhode island come as the fed has cut rates by a quarter percentage point 3 times since july of this year the fed chair said policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit an unhealthy downward drift in Inflation Expectations and inflation we are strongly committed to symmetrically and substantially achieving our 2 Percent Inflation objective so that in making long term plans households and businesses can reasonably expect 2 Percent Inflation over time pauls comments come just 2 weeks before the next fed policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent Interest Rate so important a Federal Reserve chairman jerome paul so essentially the fed was created. With 2 mandates they have to do