[inaudible] a process for our economy. The Federal Reserve is one of the most important institutions in the country and, indeed, the world. Chair yellen served as president of San Francisco fed, then as vice chair, then as chair of the Federal Reserve board. Our distinguished service at the fed encompassed the most tumultuous time in the United States financial and economic systems since the great depression. Many books of artie been written about the events of this time and many more will certainly be written from different points of view. And with varying assessments. One thing is certain. The Financial System and the economy have stabilized. We are no longer debating how to reconstitute them, but rather how they might work even better. This hearing will review the development the crisis and special sense doctor yellin became the chair of the fed in terms of the dual mandate of maximum employment and price stability. By the Standard Measure of unemployment which is 4. 1 last week, an
U. S. Banks have in standardized models. We have ongoing discussions on this issue and i think are coming closer to reaching agreement on this final issue which would let us finalize parcel three. This is not a question about changiapplied to foreign banks. But we have imposed we chose to impose standards on u. S. Banks, particularly systemically important banks that exceed the global minimums that we are agreed in parcel, those are expected to be an intended to be minimum requirements in individual countries that see a need and benefit from having Higher Standards are fully expected to adopt Higher Standards and in some cases, particularly with the largest and most systemically important u. S. Based bankings organizations, we have done that in imposing Higher Standards and think it is appropriate and warranted by the safety and soundness benefit for our financial system. Time iseri your expired and mr. Paulson is recognized. Thank you for your service to the country and taking the tim
And well leave this washington journal segment to return to live coverage of the u. S. Senate. Quorum call quorum call quorum call the presiding officer the senator from iowa. Mr. Grassley i ask that the calling of the quorum be suspended. The presiding officer without objection. Mr. Grassley mr. President , i want to make a few brief remarks regarding the introduction of the security enforcement and compassion united and Reform Efforts. And we have selected the acronym secure for this piece of legislation that were introducing today. This bill promotes and protects the interest of the American People in a lawful immigration system and provides a fair and equitable solution on deferred action for childhood arrivals. And everybody in the senate knows that by the acronym daca. Its the product of several months of hard work between this senator and senators cornyn, graham, tillis, lankford, perdue, and cotton. And i think before the days out and the senate closes down hiewl hear from youl
Host scott how are you doing today . I am not a big reader but i was in thrall of your booktv inspiring and informative and inspiring can you tell me that if there was a similar thing for you . I guess i will start to answer a little further back growing up i was the opposite kid you would expect to become an astronaut. It was impossible for me to stay in class i was in the back of the room looking at the clock and doing that more than anything else. One day i was walking across the College Campus i just happened to go to the bookstore wasnt a big reader but i saw the book on the shelf with the red white and blue cover to look on the back i purchased the book took it back to my dorm room laid there for the next three days and read the stories of the Fighter Pilots that became the pilots the astronauts it was called the right stuff so the way tom wrote it captured my attention to create this way that i was in the moment and i also recognize that the characteristics that they had that i
At least 1. 5 trillion in Infrastructure Investments with state, local and private partners. President trump then held a meeting with state and local leaders to discuss his infrastructure proposal. This this is what he had to say about the proposal. [ applause ] hello, everybody. Thank you. Thank you very much. Thank you, everybody. Sit. It is a great honor to have everybody with us, and we have some very exciting things to be talking about and things that you have been waiting for, for a long time for many, many years, and now, lets see how badly you want it. Because if you want it badly, you are going to get it, and if you dont want it, that is okay with me, too, but we have to rebuild the infrastructure and i said this morning as of a couple of months ago, we have spent 7 trillion in the middle east. 7 trillion, and what mistake. And but it is what it is. This is what i took over. And we are trying to build roads and bridges and fix bridges that are falling down. And we have a hard