Courthouse square. We remember the days and nights, the weeks that we covered the terrible north bay wildfires. Here we are, it is a new page. On the drive up, it was hard to not think about the 40 people killed, all those injured that remain in the hospital. The 9,000 structures destroyed. Many of them homes just around the corner from us here in downtown santa rose a the tens of thousands of people that ran for their lives. Saying n i also think about the First Responders, the deputies and the police officers, the nurses, the doctors, the firefighters who helped people run for their lives on that day. I have been up here to Sonoma County a few times in the last couple of weeks. I do get a sense of a little frustration. People are still displaced. Not everybody has friends or families that they can stay with after their apartments or homes were destroyed. There is also that sliver of hope and even more determination, that individuals and businesses will rebuild and the communities not
Both in the construction and execution of Monetary Policy. Following on one of the data points, trade, i guess were going to talk a little bit about Monetary Policy. As part of that discussion, the fed has started to talk about that being the role of its Balance Sheet. Well talk about that in a little bit. So randy, i think all of you know both of these folks. University of chicago, former governor at the fed, now with the university of chicago. And john foust, a number of years at the fed, now at john hopkins but on leave back to the fed. You just cant quit the fed. So were now in the third longest economic expansion that weve had. One of the questions is will policy change which has been discussed both in monetary and fiscal policy extend that expansion or not. In light of the discussion about the Mortgage Backed component of the feds Balance Sheet, ive been looking we at fannie mae look at the tenyear treasury all the time. That actually started to rise back in july with the ecb Hol
Ms. Pelosi i think elections are always about the future. So whatever it is that somebody might be unhappy about, they want to see what is there is absolutely no question that as we look to the future we have to see a path to take this to ending a lot of the inequality in our system. Mr. Sesno is that what this is about . Anger over inequality . Ms. Pelosi i think its anger over the fact that paychecks have not increased for decades. The purchasing power of middle class paychecks has not increased. The aspirations, hopes people have for their children, their education, their families, the Pension Security of parents so they are freer to invest in their children, the security of Retirement Security of seniors so that parents can look to their kids rather than having to take care all connected. Let me just say this. In 2008 americas middle class was deeply scarred by what happened then. What happened because of the greed dont paint all on wall street with this brush, but what happened th
Distinction. For 24 years, you have honored and respected this institution. You have worked arduously to get things done. As speaker, you have been a leader willing to listen to all sides and address the complex issues of our time. We applaud your commitment and dedication to the house and well be forever grateful for your statesmanship and courtesy. While we may not have always agreed, your door was always open. I could always come to you and discuss problems and issues. I respect your opinion and consider you a friend. I speak for everyone when i say you will be missed in this house. You are a gentleman and a scholar scholar and it has been a pleasure and a privilege to have served with you. I wish you well in your retirement. Thank you. I thank the gentlelady for her kind words. Reclaiming my time, i mentioned before in my Opening Statement that there are a number of rival g. C. L. , Greater Cincinnati league, high schools. There are rivals in all sports and academics and everything
[captions Copyright National cable satellite corp. 2015] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] next, education secretary arne duncan on the results of a study on standardized testing. Then, house numbers paying tribute to outgoing speaker, john boehner. After that, nancy pelosi on problems in congress, and the importance of women in politics. On monday, education secretary arne duncan participated in a pound discussion on improving the effectiveness of standardized testing. Panelists analyzed data from a new report. This is just over one hour. Hour. I am the executive director and i want to thank you very much for being here this monday morning. We are going to go ahead and get started because i am sorry to say i can say that we will begin wrapping up this conference at about 10 30 p. M. We have been asked to meet with the president on this report at 11 00 oclock. So we will have to end