Pray. In conroy let us loving god, we give you thanks day. Iving us another peace. Your spirit of inspire the members of the peoples house this day. Spirit of wisdom, patience, and understanding in work they do. Throughout our country, the of the coronavirus plague continue. Those who are in arms way health care professionals, those engaged in delivering goods and services to communities, and teachers at all levels. Send your spirit of healing to those who suffer from and those who mourn died. Who have lord, god, have mercy on us. Day be that is done this for your greater honor and glory. Amen. Amen. Eaker pro tempore pursuant to section 4a of house 967, the journal of he last days proceedings is approved. The pledge of allegiance will be led by the gentleman from california, mr. Schiff. Please join me in the pledge. I pledge allegiance to the flag of the United States of america and to the republic for which it god, one nation under indivisible, with liberty and justice for all. The s
I now recognize myself for an opening statement. Chair,his tenure as fed he served as the chair of president bushs council of economic advisers. In their first congressional testimony since leaving the Federal Reserve, former chairs ben bernanke and janet yellen called on congress to take action to encourage economic recovery. To 2014 before being appointed chair. In 2014 by president barack obama. Dr. Yellen also previously asved in the white house chair of the council of economic advisers. Time eitherfirst dr. Bernanke or dr. Yellen have testified before Congress Since stepping down from the Federal Reserve. These extraordinary times require congress to seek out of experts with extraordinary experience. As Congress Works to end the economic crisis and enable a strong recovery, we are fortunate to benefit from their individual insights and gain from their unique position as Federal Reserve chairs in the last economic crisis and recovery. I want to thank both of them for agreeing to te
Come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. I now recognize myself for an opening statement. Today, a select subcommittee is pleased to welcome our distinguished panel, dr. Ben bernanke and dr. Janet yellen. Dr. Bernanke was appointed chair of the Federal Reserve by president george w. Bush in 2006 and oversaw the Federal Reserves response to the Global Financial crisis. Before his tenure as fed chair, dr. Bernanke served as the chair of president bushs council of economic advisers. Dr. Yellen served as vice chair of the Federal Reserve until 2010 to 2014, before being appointed chair in 2014 by president barack obama. Dr. Yellen also previously served in the white house as chair of the council of economic advisers. This is the first time that either dr. Bernanke or dr. Yellen has testified before Congress Since stepping down from the Federal Reserve these extraordinary times require congress to seek out advice from expert
Subcommittee are able to participate in todays hearing. Members are reminded to keep their video function on at all times even when they are not recognized by the chair. Members are also reminded that they are responsible commuting and im getting themselves, and to mute themselves after they have finished speaking. Consistent with the regulations accompanying h. R. Rest 965, staff will fully mute members and witnesses as appropriate. When not recognize to avoid inadvertent background noise, like i am hearing now. Members are reminded that all forms relating to order and quorum apply to this remote hearing. This hearing is entitled the rent is still due americas renters, covid19 and an unprecedented eviction crisis. And i now recognize myself for minutes to give an opening statement. Welcome to all of you for our First Virtual hearing. During this very challenging and difficult time. Homeowners and land owners as Housing Market for whole. After ditching will focus our attention on how t
President bushs council of economic advisers. Dr. Yellen served as vice chair of the Federal Reserve until 2010 to 2014 before being appointed chair. In 2014 by president barack obama. Dr. Yellen also previously asved in the white house chair of the council of economic advisers. Time eitherfirst dr. Bernanke or dr. Yellen have testified before Congress Since stepping down from the Federal Reserve. These extraordinary times require congress to seek out of experts with extraordinary experience. As Congress Works to end the economic crisis and enable a strong recovery, we are fortunate to benefit from their individual insights and gain from their unique position as Federal Reserve chairs in the last economic crisis and recovery. I want to thank both of them for agreeing to testify today. Crisis, thento this coronavirus pandemic continues to spiral out of control. Today, over 3 million americans have tested positive for the virus, including a recordbreaking 75,600 confirmed yesterday. Than