Storm team 8 meteorologist Ed Bloodsworth joins us live. This storm completely different than 40 hours ago. Even just 24 hours ago. It is now a category 4 storm going through what we call a rapid intensification cycle. This is the 5 00 p. M. Advisory. Maximum sustained winds at 140 miles per hour. Make thanksgiving a strong category 4 storm. The movement west southwest now at 9 miles per hour. And pressure at 9 49. The pressure continues to fall. When that number goes down, your winds typically go up. There is the latest flight going out. They just dropped their instrumentation reporting a 78 mileperhour wind but they are not at the eye at this time here. Were likely to see higher readings in the next few hours. Hurricane center keeping it a category 4 storm through saturday. Then its expected to weaken but still maintain status as a strong category 3 storm as it approaches jamaica. From there, it rolls off to the north as a category 2 storm entering the bahamas and the kind of uncerta
The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through the exercise of socalled heightened prudential standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh recently wrote Central Bank Power is permissible in a democracy only when its scope limited, its track record strong and accountable assured. None of that do we observe today. Where his feds omnipotents has taken us . The big banks are bigger, Economic Growth lags and theres scant evidence our economy i
Accountable. This hearing is about three hours. [ room noise ]. The committee will come to order. Without objection, the chair is authorized to declare a recess in the committee at any time. This hearing is entitled semiannual testimony on the Federal Reserve supervision and regulation of Financial System. I now recognize myself for three minutes to give an opening statement. As we all know the dodd frank act vastly increased the powers of the fed way beyond has traditional Monetary Policy responsibilities. The act has made the fed omnipotent but cannot make it omniscient. No act can. Through the exercise of socalled heightened prudential standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh recently wrote Central Bank Power is permissible in a democracy only when its scope limited, its track record strong and accountable assured. None of that do we observe today. Where his feds omnipotents has taken us . The big banks are bigg
Hurricane, matthew is sitting at category three status due to max winds at 120 Miles Per Hour. Still moving off toward the west in the southern caribbean at 12 Miles Per Hour. So it says slow down a bit. But you can see the eye formed in the center of the storm there as it moves south in the southern portions of the caribbean sea. Heres the track. Its looking similar to what weve been looking at the last couple days. Its going to continue moving into sunday, it turns toward the north. It will head through jamaica as a very strong hurricane. And then continue to make its way north as we head into early next week. Now depending on if its more toward the western or eastern side of this cone will determine if the east coast of florida does see impacts from this storm, depending on the exact path. But at this point, this looks to be the track of it. And weve been looking at this general track over the last couple days now. In agreement. You can see bringing it toward the bahamas as we head
The meeting is coming to order and were going to declare the recess at any time and its called sem annual system on the sup super vision and i recognize myself for three minutes to give an opening statement. As we know the act decreased way beyond the monetary responsibilities. The act is made the fed omnipotent. Through the exercise of the heightened standards the fed can control the largest Financial Institutions in our economy. Former fed governor kevin warsh wrote that Central Bank Power is premisable when the scope is limited and the track record strong and the aaccount blt assured. None of that do we observe today where as the feds has taken us and the big banks are now bigger and the small banks are fewer and the Economic Growth lags and theres evidence that the economy is more stable. Two mu fed authorities granted under dod dx frank have been problematic. The see kra si make it impossible to measure the over sight or the integrity of the test findings. As columbia has testifie