It is wednesday ear in new york city. I am erik schatzker. I am stephanie ruhle. So much news breaking this morning. It would be a blockbuster all the action is in washington. Janet yellen will be back. Rememberces committee its chair by republicans. It is alive right now. It has kicked off. There will be opening statements. Lets take a few minutes to take in our chief washington correspondent peter cook. Lets talk about the kind of question janet yellen will be facing . Senatorsbecause the are a little more gentle but also because this is a committee shared by republicans who have strong feelings about the fed. That is right. It starts with the chairman who basically spent the last few months as chairman of the committee trying to review the Federal Reserves hundred year history, specifically talking about legislation that would change if they rein in the Federal Reserve. That will be a big focus for them and will likely come up throughout the day. The committee does not like freelanc
Again and said, ill bet it makes you mad, dont get . [laughter] that was such a good start, i told all over iowa. Scott, you might be the ones turning it around. [inaudible] thats what i did. You probably heard in utah. You are exactly right. Let me see if i can do to i wanted to make four points. Let me see how quickly i can make it. Went i think about my job as United States senator given my background, i think about how can i give bill haslam more tools to be a better governor . Because i know if i give them those tools he will do something with them. And i think of the federal government in the internet age as a place where we ought to invest in things that empower states and people to do things for themselves. Kind of in the way apple created ipad with that telling you what the app is, you can create an app and a lot of people can use it. So here are four tools that we worked on, three in a bipartisan way, one is not one is partisan in washington by dont think it is so much among
Yourself. My observation during these times of both prosperity and during times of financial crisis is that we have leaders and a professional staff at the fed who have conducted themselves with honor and who have been true public servants. So let me thank you as well as your professional staff and as well as your predecessors for serving the people of america in this most important and tremendously demanding position. Thank you, congressman. I appreciate that. Thank you. Weve seen that fsoc where the fed is a key player exercise the authority granted by doddfrank to designate institutions as cifis or financially systemically important. This is included Asset Managers and Insurance Companies which has been somewhat controversial. My experience is that there is often a greater resistance to a designation or a ruling when the parties feel they hadnt been consulted or the process is not transparent enough. So one of the approaches that is attracting some interest is to require that compan
Not new and not the most sophisticated of attacks. The scale and speed at which this happened was unprecedented and made the attacks very difficult to defend a dense against. A sophisticated virus also wiped out more than 30,000 computers at a Saudi Arabian state oil company. There has been a lot of talk over the years about hypothetical dangers and it has become a bit of a cliche in Cyber Security circles. I would argue that the threat of a catastrophic and damaging cyber attack in the united dates in the United States is becoming less hypothetical every day. Is a clear attack example that our adversaries have the intent and capability to launch damaging attacks. Moreover, there are growing reports, attempts to breach the networks and Industrial Control Systems of our electric power operators. Foreign cyber actors are probing networks and have gained access to those systems. Trojan horse malware that has been a charity to russia has detected on Industrial Control Software for a wider
What goes on in a womens studies classroom. History, womens feminist movements, and the backlash. Professor and author Bonnie Morris will take your questions in depth starting sunday live at noon eastern. And you still have a few days to weigh in on the book club. Join the conversation. Onto book tv. Org and click book tv to enter the chat room. Cspan. We bring Public Affairs events from washington directly to you, putting you in the room at congressional hearings, white house and events, briefings, and conferences, offering complete gavel to gavel coverage of the u. S. House, all as a private service of public industry. We are cspan, created by the cable tv industry 35 years ago and funded by your local cable or satellite provider. In his state of the union address, president obama announced the Treasury Department would be creating a new type of retirement account called myra. At a steel mill and west mifflin, pennsylvania, the president discussed Retirement Savings and gave more det