Moderately above 2 inflation, moderately is what it says in the statement but does not define exactly what moderately means. There are two centers to this action, Robert Kaplan wants to see the statement to the way it was pretty wants to statement to read the economy or stance will remain the same until the economy has weathered the storm and the economic storm we have here. Well cash on the other side dissented because he wants more dovish language in this. On implement rates, statistics are very interesting here. They have reduced now the planet rates rates and estimation of this year to 7. 6 by the end of 2020 grid that is down from 9. 3 from their june projection and then also 5. 5 from on a plummet rates in 2021, 4. 6 and 2022 and 4 in 2023. The real gdp prediction cut in half for the losses they are paired they are now saying its a loss of 3. 7 at the end of this year with a bounce back of 4 next year. The inflation, fed estimates that pce inflation is 1. 2 this year up from 1. 7
We do not participate in elections or endorse candidates in any way. Grateful to be producing with the nyu center that advocates for civil debate on politics and public policy, and nyu votes, which works to give every nyu eligible student the information they need to vote. I am especially grateful to be introducing an event with some of the countrys most important thinkers on what i think is one of the most urgent issues we face, and theres a lot of competition. Weve been witnessing a relentless and unprecedented series of attacks on the twin foundations of our democratic system. Free and Fair Elections and the rule of law. They are not unrelated. The president has made repeated threats to subvert the election, some with support from the attorney general, sending military to the polls, Voter Suppression, and perhaps most chillingly refusing to commit to abide by the election results. Some are worried the rule of law has been so eroded in this country, it may be possible to literally st
This hearing will come to order. Todays hearing is a hybrid format. And the hearing room has been configured to maintain the recommendedf foot social distancing between senators and other individuals in the room necessary to operate the hearing which we have kept to a minimum. For those joining remotely a few videoconferencing reminders. Once you start speaking there will be a slight delay before you are displayed on the screen. To minimize background noise please click the mute button until it is your speak or ask questions. If there is a Technology Issue we will move to the next senator until its resolved. I, again, remind all senators and witnesses that the 5minute clock still applies, and those of you remote should all have a box on your screen labeled clock that will show how much time is remaining. Well try to give you a gavel reminder when your time is almost expired. To simplify the speaking order process senator brown and i again have agreed to go by sen you arty for this hear
Been configured to maintain 6 foot distances between senators, witnesses and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. For those joining remotely, a few Video Conferencing reminders. Once you start speaking, there will be a slight delay before you are displayed on the screen. To minimize background noise, please click the mute button until you ask questions. If there is a technology issue, we will move to the next senator until its resolved. Again, remind all senators and our witnesses that the fiveminute clock applies. Those of you remote should have a clock on the screen showing how much time is remaining. Well try to give you a gavel reminder when your time is almost expired. To simplify the speaking order process, senator brown and i have agreed to go by seniority for this hoogerheide. With that we welcome our witness steven t. Mnuchin, secretary to department of treasury an honorable jerome powell, board of governors of the Fe
Organizations on legislation recently passed in the senate which is expected to be taken up in the house. This is 90 minutes. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] good afternoon, everyone. The committee will come to order. I am pleased to have this opportunity today to hear directly from organizations that work with, represent or support millions of veterans every day. This committee has gatheredli today to hear from these organizations their firsthand perspective and reasons they support our comprehensive Suicide Prevention legislation, s. 785, the commander John Scott Hannon Veterans Mental Health care improvement act. This is a legislation that is been before this committee and before the senate, and i wanted to give the opportunity to those Veterans Service organizations and others the ability to tell us any thoughts that in regard to this legislation as we negotiate with the house in its p