Chaired by texas republican jed henserling. Committee members expected to ask about the feds Interest Rate policies such as when the next rate hikes are coming and how many there will be. Since the december rate hikes, stock markets have fallen and Energy Prices dropped while china and russias economic problems continue. This is live on cspan3. Should start in a moment. Committee will come to order. The chair can declare a recess at any time. This is to receive the semiannual testimony of the chair of the board of governors of the fed reserve system and the state of the economy. I now recognize myself for three minutes for an opening statement. Last month weal all heard president obama attempt to take an economic victory lap in his state of the union speech but the American People are having none of it. They are tired of hearing from out of touch ruling class in washington just how good things are when their realities are vastly different. So chair yellen, not with standing the fact th
Of the conduct of Monetary Policy and i recognize myself for three minutes. We heard president obama taken economic victory lap but the people are having none of it they are tired of hearing from the out of touch ruling class in washington how good things are when theyre reality is vastly different not listed in the fact or president ial appointee a hope itll follow suit with quantitative easing of the zero interestrate policies working families paychecks have declined. One added six is on food stamps and there hasnt been a single year but one published report that there is no parallel for this since world war ii or the beginning of the republic. So with the lgbt growth for struggling working families. And to condemn the fed decision 25 basis points to make it appropriate to revise the fomc but given that article one of the constitution gives congress the power to coin money and regulate the value. That this set the fed to adopt a policy that is transparent to end a sustainable this is
And theres some wonderful programs around the country, about 30 of jobs by 2018 will require some kind of technical training. So im establishing a Deficit Neutral Reserve Fund to advance this priority, and i believe both senators baldwin and portman are cosponsoring. I dont see any rebuttal. There is a vote in progress. So well recess now until 1 30. At 1 30 well begin the vote process. You can go and vote, get some lunch. For republican senators, were going to meet in the ante room out here at 1 00. Recessed. [inaudible] [indiscernible] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable satellite corp. 2015] the Senate Budget committee completed its work in approved its budget on a 1210 partyline vote. At of a twoweek recess, the house and senate will focus on the 2016 budget this week. Heres more from a capitol hill reporter. How different are the past they are ta
Dayton state Senator Niraj Antani not showing up to vote daytondailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daytondailynews.com Daily Mail and Mail on Sunday newspapers.