Off towards this tiny sliver of sand upon which hung more than the fate of the world. But rather the course of human history. Today we remember those that fell and we honor all who fought right here in normandie. Watched cspan slip all day coverage of the anniversary of the day thursday, january 6 featuring a speech by President Biden from normandie france. Now, texas senator ted cruz along with the attorney general of South Carolina, alabama and iowa talking about legal action against the Biden Administration and the legitimacy of the current Supreme Court. This is part of the Republican National Lawyers Association conference in Arlington Virginia r in jefferson city, missouri. Its a pleasure to start the conference off but maybe i am a little biased to say is traditionally the best panel. Nothing you have to worry about too much snow high bar to get over. We are not going to lower expectations, or going to raise them. This is the panel that really looks everyone of the room know wha
Of course, we are ready to provide information that Congress Needs to evaluate the feds Decision Making in Monetary Policy and elsewhere. With respect to Monetary Policy rules, they can be useful and i find them useful and long have as a kind of benchmark for thinking about what might be the appropriate stance of policy. But to chain a central bank to follow a simple mathematical rule that fails to take account of many things that are very important in making Monetary Policy, for example i was earlier asked about being against the euro lower bound which is an important special consideration, that would be a very foolish thing to do, and i oppose it. With respect to proposals having to do with voting and the structure of the fed that you mentioned, a lot of ideas have been mentioned. I would say for my part i think the Federal Reserve works well. The system we have was put into place by congress decades ago. I dont think its a system thats broken. Of course, congress can revisit decisio