The will be with the current state of the u. S. Economy. And discuss its regulatory activities. In the last policy report, the chairman provide additional clarity on the plants to normalize Monetary Policy. Including how the size of the Balance Sheet will be driven by Financial Institutions demand for reserves. Since then, they have provided Additional Information and to continue receiving feedback on the Monetary Policy strategy and communication. All of what i look for to hearing an update on. The u. S. Economy is still strong. According to the equal analysis. Unemployment rate remains low at 3. 7 percent. The u. S. Is in his longest expansion of Economic Growth since 1854. According to the National Bureau of economic research. In order to continue this positive economic trajectory, red letters must evaluate the regulatory and supervisory activities for opportunities to tailor regulations and to ensure broad access to a wide variety of Financial Products and services. With respect to
The will be with the current state of the u. S. Economy. And discuss its regulatory activities. In the last policy report, the chairman provide additional clarity on the plants to normalize Monetary Policy. Including how the size of the Balance Sheet will be driven by Financial Institutions demand for reserves. Since then, they have provided Additional Information and to continue receiving feedback on the Monetary Policy strategy and communication. All of what i look for to hearing an update on. The u. S. Economy is still strong. According to the equal analysis. Unemployment rate remains low at 3. 7 percent. The u. S. Is in his longest expansion of Economic Growth since 1854. According to the National Bureau of economic research. In order to continue this positive economic trajectory, red letters must evaluate the regulatory and supervisory activities for opportunities to tailor regulations and to ensure broad access to a wide variety of Financial Products and services. With respect to
I think you have stuck to your guns so far but i want you to keep sticking to your guns. I would like to turn to some questions about facebook and its proposed cryptocurrency, libre. I am a supporter of innovation in the Financial Sector. Cryptocurrencya could really deliver real for increased friction and more access for consumers. As somebody who has spent the last couple of years dealing with social media and facebook in particular, i think it would facebook hasy that developed something of a trust deficit and that and that the kind of Silicon Valley mindset of move fast and break things maybe works when you were thinking about it in a Technology Framework but when we are thinking about the kind of implications social media has had around consumer privacy, public discourse, that no regulation does not always work. The House Financial Services committee, yesterday, you noted post many concerns, including potential risk to the security of the financial system. Aboute your concerns Sys
On employment rate remains low at 3. 7 percent. As of june according to the bureau of labor statistics. We just had continued rising as well. With average Hourly Earnings 3. 1 higher in june compared to a year earlier. It is the 11th straight month in which wage growth exceeded 3 . In fact the u. S. Is officially in its longest suspension of Economic Growth since 1854. In order to continue this positive economic trajectory they must continually evaluate their regulatory and super very activity. To ensure broad access to a wide variety of Financial Products and services. With respect to regulation and supervision it has been over a year since the enactment of s2155. The Economic Growth wreck regulatory relief. As you move forward in finalizing certain rules required under s2155 and consider proposing new ones consider you to consider the following. Simplify capital rules for smaller Financial Institutions. While ensuring the maintain significant capital. Simplifying the vocal rule which