The Syrian Government position has been absolutely cooperative on every step. Many players in the region of the world, but it is 10,000 years old. It is the oldest continuously worldd city in the because the Syrian People are resilient. Syrian syria will again be the pride of the world. Ahmad thank you. Yes, born and raised in lebanon. I can tell that you know what i am talking about. As said, the lebanese government found him guilty and charged him with four years in prison. We have the phone calls. There is no houses zero, no phone cover. The lebanese government was right up by the syrian refugees. What do have to say about that . Dr. Shaaban you know, i wish you could be constructive. There here to talk about Global Alliance against isis and al qaeda and al nusra. Youre bringing up something that you think is embarrassing to me, but nothing is embarrassing to me, but is something irrelevant to me. Thank you. Excuse me. Security. Security. No, no. Do not interrupt. Just a second. No,
The appropriate cap to return Monetary Policy to a neutral stance could turn out to be quite shallow and gradual in the mediumterm because it appears likely that the mediumterm, neutral rate, or the real federal funds rate consistent with the economy remaining a full employment and 2 inflation, will be quite low. Recovery seems like the low level of the natural rate was largely due to cyclical factors such as tight credit, weak Consumer Confidence, and the loss of wealth from the crisis. The recovery is now well into its seventh year. Credit, most markets is lightly available while Consumer Confidence are at high levels. As a result, it now appears more likely that much of the decline in the neutral rate is likely to improve consistent but if a writing estimates consistent with a variety of estimates. This inflationary pressures abroad and less favorable to him or graphics, the mediumterm neutral rate may be lower than previously anticipated. Todays federal funds rate is closer to neut
The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie
The presiding officer the senate will come to order. The clerk will read a communication to the senate. The clerk washington, d. C, july 3, 2014. To the senate under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable thomas r. Carper, a senator from the state of delaware, to perform the duties of the chair. Signed patrick j. Leahy, signed patrick j. Leahy, the senate is out for the july 4 holiday and lawmakers will return to business monday july 7 and of course we will have live coverage of the senate on cspan2. Now we will take you back to the discussion on banking regulation focusing on community and International Bank in posted by boston university. The shadow finance hundred and 74 of assets of u. S. Banks. It is a very big market presence even as measured by those even let alone but i think it really is. So it is a clear issue for the industry and i think it is also a major one for the regulators and 40 occ. For the regulator
Now i would finish by saying a couple of words about banking unions. This is for the 18 countries in the euro zone. Weve made the European Central bank as the supervisor. It will directly supervise the largest 130 banks and then it can call up any of the other 6,000 or so if it suspects there is a problem. The whole of the eu that is all 28 Member States have the same regulations and rules for the Bank Supervision from the european supervisory agencies but the euro zone will make a further detailed supervision of its own but one suspects the Banking Authority is also charged with looking at that book to make sure they are coherent so we dont have Different Things going on whether you are inside or outside of the banking union. All the countries have their own Deposit Guarantee Scheme and we have the intensity mutual lies that in the zone that has failed at the moment. It doesnt conclude that hasnt at her because we have a common level of insurance and common system of rules and its all