Next the director of the federal Housing Finance agency testifying on housing and mortgages during the coronavirus pandemic. House Financial Services Committee Members asked him how his agency is handling the rice in foreclosures and forbearances as well as the operations of fannie mae and freddie mac. The hearing runs over three hours. The committee will come to order. Before we begin, i want to remind members of a few matters including some required by the regulations accompanying House Resolution 965, which established a framework for Remote Committee proceedings. First, i would ask all members to keep themselves muted when theyre not being recognized. It will minimize disturbances while members are asking questions of our witnesses. Members are responsible for muting and unmuting themselves. The staff have been instructed not to mute members except when theyre not being recognized and theres background noise. Members are reminded that they may only attend one remote hearing at a ti
Military means must not be an option in this regard. The deployment of you can watch the last few minutes of the u. N. Security Council Meetings on our website at cspan. Org. Right now we go to the American Enterprise institute with remarks from jay powell, remarks from Federal Reserve board of governors speaking about Housing Finance. Some of what jay does as governor is visible to the public serving on open Market Committee and giving talks on the economy and Financial Stability. As i know from my own days from the fed, a lot of what jay and other fed governors do is behind the scenes and not very visible to the public including all the administrative work of running the Federal Reserve board and overseeing the Federal Reserve system which is a big job even when the board is fully staffed. Of course there are currently three vacant seats on the board. Jay tells me is chairing four of the seven internal board committees. He is looking for relief act in the form of new governors to fil
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