Institute, i am delighted to host a conversation today was the director general for economic and Financial Affairs at the european commission, he has been there since they were 2020. Our conversation today will be about the economy of the European Union and the European Union with a response to the covid19 crisis. We will also touch upon the European Union and commissions broader Economic Policy agenda as we hopefully recover from the crisis, its evolving fiscal institutions and its management of the european macroeconomy. So it should be an interesting conversation and obviously particular important given the worldwide economic crisis we have found ourselves in. Let me introduce i guess today, he is the director general for economic of Financial Affairs in the european commission, prior to his current job he was director general for structural reform support and will touch a little bit on while i imagine. And prior to that he was Deputy Director general for economic and Financial Affa
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a look improvement. We got that one weeks time. Things are looking stretched at the highs. One week ago today 3232 was the closing level then we got that shakeout. Thursday most pr
Union Economic Policy response due to the covid19 crisis. Well also catch up on the European Union, European Commissions broader Economic Policy agenda as we hopefully recover from the crisis, its evolving fiscal institutions and its management of the european macro economy. So it should be an interesting conversation, particularly of particular importance given the worldwide economic crisis weve suddenly found ourselves in. Let me introduce my guest today. As i said, director general for Economic Affairs in the European Commission prior to his current job, he was for reform support and well touch on that as well, i imagine and prior to that he was Deputy Director general for economic and financial affairs. And did work extensively on the funds which well talk about as well. And anyway, with that introduction out of the way, i wanted to start out by just talking about the pay in which the crisis has unfolded over the past few months in europe and especially what actions have been taken
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T