We all know newcastle. He has been masterminding this operation making sure the lightweight papers use and its fantastic. There is another trick to this. The trick is a computer. There is another trick to this. The trick is a Computer Program designed to keep a running tally so you get the result the moment that the votes are counted. Stay tuned im going to be watching to see if they manage to do it. We are keeping an eye on it but be too fair i think its fair to say the good people of sunderland are not giving up on this. Lets have a look at some of these images that have just come in because Sunderland City Council also has ever very efficient and accounting and they are hoping as well to match that record of 43 minutes so the boxes are coming into some blend up to pace. Look at that. They do want to be beaten by life l. A. So we will see what happens in Sunderland South which is taken the honors and the pastor thats a scene in sunderland is the boxes come in from across the constitu
To look at this political and landscaping where the conservatives were certainly hoping to make quite a few gains. And in areas where labor has traditionally been pretty strong. Lots of these seats have a lot of rich labor heritage. So im going to go across to the result center and joined rita once again. Shes got a few suggestions again about the likely conservative gains in wales. Rita . These will change hands from labors to conservatives if the exit poll is correct. And you are talking about being nerdy hugh, just think of this. That labor has come first in terms of seats in the votes in wales in the past 26 elections. That since the first world war. That might still be the case, but still we think these seats are likely conservative gains. The labor majority there was less than 2,000 in the last election. And wherefore casting conservatives to gain that seat from labor. This was number 73 on the conservatives target list, so quite some way down. We think the conservatives might ha
The neutral rate of interest, which may be even lower than we think it is. Rep. Scott how would you unionization have an effect . Chair powell i am not in a position to take a view on that. I just know it is one of the things in the research that people identify as possibly associated with wages. Rep. Scott thank you, mr. Chairman. Rep. Yarmuth i now recognize digital men from tennessee for 3 the gentleman from tennessee for three minutes. Thank you for being here. Ive heard congressman ron paul say we are in the biggest bond bubble in history that is going to burst. Of course, he was talking about Interest Rates being too low. What factors do you look at when you decide to increase or decrease Interest Rates . Chair powell when we change our policy, which is an overnight Interest Rate that affects other shortterm rates, and those play out through the yield curve, we are really looking at setting our policy rate at the level which, in the mediumterm, will best support maximum employmen
The hearing will come to order. Thank you for coming to the committee today to testify. We know you are on a tight schedule and in order to keep you on schedule and ensure all members have an opportunity to ask questions i ask unanimous can send members will be recognized during the question and answer session for three minutes. Without objections ordered in the Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers
The Ranking Member and i will be recognized for five minutes during the question and answer sessions. Without objections ordered we will both be recognized for three minutes and they will now yield myself threeminute but once again thank you for being here its been seven years since the chair of the Federal Reserve has appeared before this committee and we are very grateful for your being willing to do that i want to make sure that we support the independence and the repeated attacks are unacceptable and dangerous. I look forward to hearing the testimony and discussing Opportunities Congress and the fed have to support the workers and to foster a healthy sustainable economy that works for all americans and with that i will yield to the Ranking Member. It is an honor to have you before this committee as the chairman of the committee has said its been many years since the researcher man has been here and now we are delighted to have you. I will submit my opening comment for the record so