[gavel] committee will come to order. Without objection the chair to declare recrest of the committee at any time. This hearing is entitledle policy and the state of the economy. I now recognize four minutes to an opening statement. Today we convene on Monetary Policy and the state of the economy. Chairman powell, welcome back. Oday i would like to start by addressing the current elephant in the room when it comes to policy and the fed. This president has made it clear or he has no understanding respect for the independence of the Federal Reserve. Doesnt d the fed, have a clue. Most lled at this time difficult problem for the u. S. Hes ing to media reports discussed firing chairman powell just as hes fired others he with. Not agree lets be clear. It is essential that the federal maintain its executive e from the branch. So i urge chairman powell and other Federal Reserve board overnors not to submit to the High Pressure tactics of this president who continues to push economic nd harmfu
And the state of the economy. The committee will come to order. The chair is authorised to declare recess at any time. This hearing is called Monetary Policy and the state of the economy. I would like to start by addressing the elephant in the room. This president has made it clear that he has no understanding or respect for the independence of the Federal Reserve. Doesnt fed, have a clue. Most lled at this time difficult problem for the u. S. Hes ing to media reports discussed firing chairman powell just as hes fired others he with. Not agree lets be clear. It is essential that the federal maintain its executive e from the branch. So i urge chairman powell and other Federal Reserve board overnors not to submit to the High Pressure tactics of this president who continues to push economic nd harmful and social policies. Another issue i hope chairman powell will address is facebooks recently announced with 27 other crip toe to develop a currency and digital wallet. And others have raised
Went on to work as the First Executive director for the port of moses lake. Working to Foster Economic Development and create opportunity for the people of central washington. I urge my colleagues to join me in honoring clydes long life of service, his commitment to the United States, and the people of moses lake. Thank you, madam speaker, and i yield back. The speaker pro tempore for what purpose does the gentleman rom illinois seek recognition . Without objection. The gentleman is recognized for one minute. I would like to recognize the storic feat of boys 1113 in my district. Roberto clemente humble park made history by becoming illinois champions and advancing to the regionals. They are the first to qualify and represent the city and state of illinois. Its exciting to know these kids have a real chance to making it to the Little League world series. As a father and grandfather and avid baseball fan, their achievement makes me proud and showing us the power of sports and community.
On employment rate remains low at 3. 7 percent. As of june according to the bureau of labor statistics. We just had continued rising as well. With average Hourly Earnings 3. 1 higher in june compared to a year earlier. It is the 11th straight month in which wage growth exceeded 3 . In fact the u. S. Is officially in its longest suspension of Economic Growth since 1854. In order to continue this positive economic trajectory they must continually evaluate their regulatory and super very activity. To ensure broad access to a wide variety of Financial Products and services. With respect to regulation and supervision it has been over a year since the enactment of s2155. The Economic Growth wreck regulatory relief. As you move forward in finalizing certain rules required under s2155 and consider proposing new ones consider you to consider the following. Simplify capital rules for smaller Financial Institutions. While ensuring the maintain significant capital. Simplifying the vocal rule which
The bay bridge toll plaza. Everything is moving along and you can see by the headlights in the background that the east shore freeway is moving right along as well. The san mateo bridge, an accident at the toll plaza. They are in the process of moving that out of the way. They are reporting one mid stan but i cannot see it. If youre going across the bridge, a couple fender benders may slow you down. Eastbound directs good to go. You are down to one lane so they can do the construction. Your main travel times this morning all in the green. Breaking news. A second body has been found along skyline boulevard. This one early this morning. Very close to sweat road. Also near reads roost. That is where there was a body found yesterday, also around this time. Now we have two bodies that were found in that same area of say line boulevard. It is a remote area and this was there is a suspect in custody apparently and authorities havent said if that person that is in custody is responsible for bo