Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
He speaks out. I was a hostage. He is very keen to clear his name. Party on, elon. A milestone of its push into china. Huawei with another challenging year under u. S. Sanctions. If restrictions get worse we have a plan b. Alan greenspan says the only way to curb deficits is to pay her back benefits. We are trying to spend more than we have. Thats all ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News analysis and interviews. Lets start with a day by day look at the top headlines. We began with markets reeling from a geopolitical shock, the in iraqack and that military officials. Killed a top Iranian Military officials. The fallout of a top Iranian Military commander is widening. Lawmakers in iraq have voted to expel american troops. Iran says it will no longer abide by the Nuclear Deal Reached with major powers in 2015. President trump threatening iran with major retaliations if they do anything. Where are we righ
Escape from japan. I was a hostage. He is very keen to clear his name. Party on, elon. Of its placenta china. Push into china. With another challenging year under u. S. Sanctions. We have a plan b. Alan greenspan says the only way to curb deficits is department to pull back benefits. We are trying to spend more than we have. Thats all ahead on bloomberg best. Hello and welcome. , yours bloomberg best weekly review of the most important Business News analysis and interviews. Lets start with a day by day look at the top headlines. We began with markets reeling from a geopolitical shop, an attack that killed one of irans top of top military officials. The fallout of a top Iranian Military commander is widening. Lawmakers in iraq have voted to expel american troops. Iran says it will no longer abide by the Nuclear Deal Reached with major powers in 2015. President trump threatening iran with major retaliations if they do anything. Where are we right now . We are hearing reprisal talk on bot
Jerome powell was on capitol hill to update lawmakers on the economy and Monetary Policy. He spoke about the Economic Impact of the coronavirus, Cyber Threats in the Banking Sector and his influence in the Global Economy among other topics. This services hearing is three hours. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds interMonetary Policy. A recent news story noted that trump has tweeted over 100 times about your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics. Fedsolding the independence, you should also be mindful of public perception. Of course, trump continues to claim credit for Economic Growth that was put in motion by the policies of p
I will start with that right now. Welcome kevin foul today the Federal Reserve chairman will update the committee on Monetary Policy developments and the state of the u. S. Economy. It continues to expand in 200019 exceeding 2 growth for the Third Straight year. As the American People enjoy the longest economic expansion and history. The labor market is strong. Rd with the Unemployment Rate at 3. 6 remaining near half century low. Wages also grew in january by 3. 1 percent from a year earlier. Making it 18 consecutive months that pay has grown. According to gallup trends. Nearly six in ten americans are 59 now say they are better off financially than they were a year ago up from 50 last year. That reform in 2017 and rightsizing regulations including under the Economic Growth and regulatory release have undoubtedly helped fuel the Strong Economy and labor market. Americans are set to benefit even more when considering the effects of the u. S. Embassy a. T despite the substantial progres