Good afternoon id like to call the order of regular meeting of United States constitution today is tuesday, september 8, 2015, roll call please. Commissioner president caen pr commissioner moran commissioner kwon and commissioner courtney is excused today. Thank you. Third item is the approval of the minutes of august 11, 2015, are there any corrects or additions to the minutes . Roll call second. Any Public Comment on the minutes of august 11th . Seeing none, ill call for the vote all in favor, say i. I. Opposed the motion carries item 4. Which is general Public Comment from the public and i have mr. Decostco first to speak. Id like to talk about a number of issues in general during the general Public Comment im very interested in really what is going to happen to mountain tunnel especially in light of el nino and how that is going to an impact so i really dont know any experts that know too much about el 99 having said that, we need to have some deliberations meaningful deliberations
We have sufficient growth to support continued improvement in the labor market, and we have seen, you know, maybe not progress over many years at a pace that would be ideal, but Real Progress that will continue. Thank you. Time of the gentlelady has expired. The chair recognizes the gentleman from new jersey. I thank you, mr. Chairman. Ms. Chair. A couple questions, we finally over here. On this side. Oh, sorry. Thats okay. Finally, after many, many months, weve got responses to the questions that we put to you months ago. One of them one of the questions came about because one of the fed governors have stated they believe a failure of a large broker dealer would be destabling to the economy. So we asked you, do you support expanding the feds discount window during turbulent Economic Times to expand your regulatory you said no, i do not favor expanding the window to broker dealers and nonbanks. You said you support stringent capital standards and liquidity requirements and also you sai
Yourself. My observation during these times of both prosperity and during times of financial crisis is that we have leaders and a professional staff at the fed who have conducted themselves with honor and who have been true public servants. So let me thank you as well as your professional staff and as well as your predecessors for serving the people of america in this most important and tremendously demanding position. Thank you, congressman. I appreciate that. Thank you. Weve seen that fsoc where the fed is a key player exercise the authority granted by doddfrank to designate institutions as cifis or financially systemically important. This is included Asset Managers and Insurance Companies which has been somewhat controversial. My experience is that there is often a greater resistance to a designation or a ruling when the parties feel they hadnt been consulted or the process is not transparent enough. So one of the approaches that is attracting some interest is to require that compan
Outh in binding the country together for infrastructure projects, through supporting on, he wasr and so deeply suspected by the Southern States who saw that he wanted too much power for the federal government. Life ofkaplan on the our sixth president , john quincy adams. Congressional Budget Office or Douglas Elmendorf said changes are needed to sustain Health Programs such as medicare. His comments came during testimony before the house Budget Committee. This is just over two hours. To make sure that every witness knows that it is against the law to provide false testimony to a committee of congress, we have begun this new committee. We are taking this step only because of a recently Code Guidance were have been given by the department of justice. Please just raise your right hand. Or affirmemnly swear that the testimony you are about to give is the truth and nothing but the truth . Yes. Do we have that over with . Welcome to the hearing today. We are going to discuss cbos longterm bu
Hit 52. 70 on wti. The ten year continues to slide below 2. 18 this morning. Our road map begins with oil. 5 1 2 year lows. More details from the planned shake shack ipo. Why the strongest growth may not be where you think. The latest caseshiller report. Youll see it flashing at the bottom of the screen. Well speak with Robert Shiller about what he thinks 2015 will bring to housing. You can see futures are off premarket. Crude continuing to fall. It all began with that selloff midday yesterday. Albeit on light volume. Unbelievable whats happened to crude. You thought some of the worst was over. It clearly isnt. Russias gdp down in november for the first time in five years. Its beginning to have more and more spillover effects. The ruble is up today. Thats something positive. Almost down 8 yesterday. Down 44 for the year of 2014. Its been a brutal year for russia. The u. S. Is where its at and continues to be. 53rd record close . Heading for a third year of gains for the s p 500. Double