Georgia democratic candidate for president. We thank you, president ford and we thank you, governor carter, for being with us tonight. There there are to be three debates between the president ial candidates and one between the vicepresident ial candidates. All are being arranged by the league of women voters education fund. Tonights debate, the first between president ial candidates in sixteen years and the first ever in which an incumbent president has participated, is taking place before an audience in the walnut street theater in philadelphia, just three blocks from independence hall. The Television Audience may reach a hundred million in the United States and many millions overseas. Tonights debate focuses on domestic issues and Economic Policy. Questions will be put by Frank Reynolds of abc news, james gannon of the wall street journal, and Elizabeth Drew of the new yorker magazine. Under the agreed rules the first question will go to governor carter. That was decided by the toss
Between president ial candidates in 16 years and the first ever in which an incumbent president has participated, is taking place before the audience in the walnut street theater in philadelphia, just three blocks from independence hall. The audience may reach a hundred million in the United States and many millions overseas. Tonights debate focuses on domestic issues and Economic Policy. Questions will be put by Frank Reynolds of abc news, james gannon of the wall street journal, and Elizabeth Drew of the new yorker magazine. Under the agreed rules the first question will go to governor carter. That was decided by the toss of a coin. He will have up to three minutes to answer. One followup question will be permitted with up to two minutes to reply. President ford will then have two minutes to respond. The next question will go to president ford with the same time arrangements, and questions will continue to be alternated between the candidates. Each man will make a threeminute stateme
Chairman Jerome Powell will update the committee on Monetary Policy develop and the state of the u. S. Economy. It has always been four months since the last Humphrey Hawkins hearing, but we are seeing a different economy today. One that has been racked by the physical and Economic Impact of the covid19 pandemic, and ensuing shutdowns. Chairman powell, you have stated that the Federal Reserve is strongly committed to using our tools to do whatever we can and for as long as it takes, to provide relief and instability to ensure that the recovery is as strong as possible. Additionally, the fed has purchased more than 2 trillion in treasury and mortgage began ins since midmarch. Because of this, the Balance Sheet has expanded to more than 7 trillion. Congress, the administration, and regulatory agencies have taken action to protect and stabilize the infrastructure of our Economic System. The cares act has been central to that effort, and recent stats indicate that our labors are working. I
The board of governors of the Federal Reserve system and doctor christopher, the member of the board of governors in the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System in the healthy growing economy. The Federal Reserve was created by congress as the nations central bank to promote a stable economy and a safer more flexible Financial System. Among the Federal Reserve responsibility is conducting the nation Monetary Policy with the mandated promoting maximum employment, and moderate longterm Interest Rate. In addition to its Monetary Policy that oversees a significant portion of the sector including large, regional and Community Banks as well as certain nonbanks. It aims to foster a safe and efficient payment and settl
This hearing will come to order. This morning well consider the nominations of the honorable shelton to be a member of the board of governors of the Federal Reserve system and dr. Hristopher waller to be a member of the board of governors system. Federal reserve welcome and congratulations to each of you for your nominations. Family in the nd room today and i welcome them as well. Were fortunate to have these two highly qualified nominees today. Ng these positions are critical to nsuring a safe, sound and vibrant Financial System and to help the growing economy. The Federal Reserve was created by congress as the nations to promote a stable conomy and a safer, more flexible Financial System. Among the Federal Reserves responsibilities is conducting the nations Monetary Policy the mandate of promoting maximum employment, stable moderate long term Interest Rates. N addition to its Monetary Policy, a significant portion of the Banking Sector including and Community Banks as well as certain