Fed chair yellen testified at the Senate Budget committee thursday. This is two hours. This hearing will come to order. Thank you to my Ranking Member, senator sessions, and all of our colleagues who are here and many who will be joining us. Today we have the great opportunity to hear there the chair of the Federal Reserve, dr. Janet yellen. Dr. Yellen, i want to start by thanking you for your leadership and encouraging Stronger Economic growth, stability and job creation throughout your tenure at the Federal Reserve as vice chair and now as chair. Really is wonderful to have you here. I also do want to take a moment and recognize your predecessor, chairman ben bernanke, for all the work he did on we half of he did on behalf of the country. Im glad we do have the opportunity today to talk about our economic and our fiscal outlook and the steps we can take to continue creating jobs and broadbased growth now and over the long term. Dr. Yellen, your new role at the fed comes at a very dyn
At least3 people were killed, 146 woundeby the blasts. Security Officials Say the attacks were carried out by two suice bombers, one on a motorcycle andne in a car. Irans ambassador was not hurt in this, but the countrys cultural attache was killed, and damage to t compound, and the lebanon group, affiliated with al qaeda, is claiming responsibility. Even with winds of 0 miles per ur, you can see clear path of destructionrom the tornadoes. Outside, tes are standing and cars remain in parking spaces. Those images were from the hahit city of washington illino, and thats where Nbcs Jay Gray has the latest. Reporter aeerie silence settled across thetrike zone this morning but that silence will soon giveay to families returning to sift through the splintered remnants of the lives scatter for miles by more than 50 tornadoes that cut a path through at least a dozentates. Hard to look at. This is oucommunity. Reporter washington, illinois a community ravaged by a massive twister. Rped open a p
We are learning more about the batch of violent storms that plowed through 12 states flattening entire neighborhoods. The series of tornadoes swept through the midwest sunday, leaving at least eight people dead. But if not for accurate Early Warnings, the toll could have been much higher. Meanwhile, thousands remain without power. In washington, illinois, as many as 500 homes were either damaged or destroyed. Bigad shaban is in washington. Bigad, good morning. Reporter annemarie, good morning to you. The kind of tornado that whipped through here only comes about every ten years according to the National Weather service. And for those who still may have homes to return to in this community, the power is still out. Officials say it could be days before electricity is restored. The recovery is under way for thousands of people who lost their homes. Curt and Bridget Williams walked out of their basement in washington, illinois, sunday, to find just about everything gone. Now, these are act
Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Charlie tim geithner is here. He was treasury secretary for president obama from 2009 till january 2013. He became the president s longestserving economic adviser. He was also a Constant Force throughout the financial crisis. In 2007 as president of the new york fed, he orchestrated controversial bear stearns, following year the governments response to the fall of Lehman Brothers leaving the economy teetering on the brink. He writes about that experience and much more in this book called stress test reflec
Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Charlie tim geithner is here. He was treasury secretary for president obama from 2009 till january 2013. He became the president s longestserving economic adviser. He was also a Constant Force throughout the financial crisis. In 2007 as president of the new york fed, he orchestrated controversial bear stearns, following year the governments response to the fall of Lehman Brothers leaving the economy teetering on the brink. He writes about that experience and much more in this book called stress test reflec