These developments, these Global Developments unfold and we will in the coming months. Were we to judge that these developments did create substantial risks or were changing the outlook in some notable way then a change in the outlook is som affect Monetary Policy. As we have said all along, we have no judgment at this point about the appropriate date to raise the federal funds rate and our judgment about that will defend on unfolding economic developments and how they affect our forecast. You stressed in your testimony that the pace of rate increases is more important than the timing of the first rate hike and many economists, including the imf argued that the fed should wait longer to start raising rates possibly waiting until next year, but should then follow a slightly steeper path of subsequent rate increases. So the question is, if the fed waits longer than currently forecasts to start raising rates will that mean a steeper path of rate increases . Well, if we wait longer it cert
Thats why our founders and their infinite wisdom set it up this way about thats our role and responsibility under the constitution, were going to fulfill it we appreciate your doing your jobs and we thank you for your time. This committee stands adjourned. Screeria nigeria. Here on cspan3 we show you Congressional Affairs hearings, on weekends cspan 3 is the home to American History tv. Six unique series the civil wars history. History bookshelf, the best known American History writers, the presidency. Lectures in history with top college professors. Our new series featuring archival government and educational films through the 1930s and 70s. Cspan 3 created by the cable tv industry and created by your local cable and satellite provider. Janet yellin testified last week before the House Financial Services committee, defending the feds Monetary Policy, and reemphasizing the fact that Interest Rates are likely to go up later this year. Congressman jeb henzerling chairs the committee. Com
Equipment the work force needs today while envisioning how to modernize our system and transform the traveling experience in the future. I see a future where advanced capabilities can transform the experience while preserving risk based security as a central feature. I think its possible in a an individuals buy row metric identity could become the boarding pass of the future. Linked to Intelligence Systems and requiring passage through an integrated capability design tore detect metallic and nonmetallic based threats. This can be realized with a suitable strategic approach. As such i commit myself to ensuring that t. S. A. A high performing, highly capable counterterrorism organization. Guided by a risk based strategy and employing a multilayered Intelligence Driven operation and that we recruit and retain a highly trained work force, one that harks the opportunity for Career Growth and development while placing a premium on professional values and accountability. That we pursue advanc
Cuba a position that the president also supports. I want to read from you a piece from the miami herald, and get your reaction from it. They write that they have yet to see any significant action from the castro regime that would enhance the Civil Liberties of the cuban people. Do you disagree with that statement . Mr. Earnest what we have seen, john, are some steps like human government has taken, both in terms of releasing some clinical prisoners, and giving the cuban population greater access to information. They are steps that the government previously resisted. I think that is an occasion of some forward progress. I think the other thing i would acknowledge is that our expectations is that the kind of policy changes that the president initiated just seven or eight months ago is strongly in the best interest of the United States and cuban people in the longterm. What we saw is the previous policy that was in place for more than 50 years did not yield any progress that anyone could
That also includes voter rights. It also includes that. So just because you are a dream activist doesnt mean you can be advocating for brothers in mr. Zukin about because we are voting for that. My vote counts five times for four dreamers they can though. We have to build coalitions and everyone is making a difference and talking about that and i think its right that the candidate level. [applause] it is really repetition. There is no magic to this. We have to continue to tell this story ever a single year even if we are not just them saying it and over, we have to make sure it is the great equalizer. That is real. And so, in doing that, my good friend Christine Pelosi said in some of her training if you dont respect me, dont expect me. And for a lot of communities of color or a lot of poorer communities, they dont feel like folks whove been elected to office care about them or their issues. That is the bottom line. In order to get people into the process we have to energize and remind