32 95 cents, plus shipping and handling. Every purchase supports our nonprofit operation. Scan the code on the right or go to cspanshop. Org to preorder your copy today for delivery this spring. I9 and now, Federal Reserve chair Jerome Powell testifying on the fed semiannual Monetary Policy report before the House Financial Services committee. He says that Economic Activity expanded at a strong pace over the past year with inflation lowering, unemployment and the u. S. Economy performing better than other countries. He also touched on the status of Interest Rates. This is about three hours. We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are annual monetary report. Without objection, all members have five days in which to submit extraneous materials for inclusion in record. I will note at the outset, we have a hard stop at 1 00 p. M. To the observed. I see chairman powell smile. Thats three hours. I will know recognize myself
We will come to order. The tears authorized to had to recess at any time. This is the Federal Reserves that are monetary report. Without objection, all members have five days in ich to submit extraneous materials for inclusion in the record. I will note at the outset, we ve a hardobserved. I see chairman powell smile. Thats three hours. I will know recognize myself for the opening statement. In june of 2023, the conversation in washingtons concerning inflation shifted significantly. Not because of the lectionary fire has been extinguished. From the most recent data available, food cost is up 21 as President Biden took office. Energy costs are up more than 32 . Shelter costs are of more than 19 and you will pay 37 more for a dozen eggs in america today. As we said in january, people are still paying more for the basics of life and the prices they are paying are still high. And they arent happy about it, as you know, it is our colleagues know. But according to the Biden Administration, t
Your question. Think you, everyone. Thank you, everyone. Good afternoon, everybody. Thank you for being here in thank you to the several hundred people joining us virtually as well. And president of the council on Foreign Relations. Today is a rare occasion because we are joined not by one, not by two but by three ambassadors. As a former ambassador, i can tell you how ambassadors time is how valuable ambassadors time is. We are honored the three have agreed to be with us today. All of our panelists today. The ambassador from france, the ambassador from singapore, ambassador from australia on the screen. They know china exceedingly well from prior experiences. Ambassador rudd spent the last eight years at the asia society looking enviously at the council on Foreign Relations across the street. [laughter] comes to washington after having served as Prime Minister and foreign minister and a longtime china expert. Indeed, during covid, ambassador rudd decided to go back to school and get h
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following days Signature Bank lost 17 billion dollars. Regulators both republicans and democrats came to gather to prevent the panic from spreading. They increase liquidity, they promoted confidence in our Banking System, they protected deposits of customers and Small Businesses not notably the investors the investments of executives and shareholders. I spent that weekend on the phone with ohio Small Businesses and banks and credit unions. While Small Business owners simply wanted to make payroll. They di
Thursday october 19, 8 00 a. M. On the east coast,President Biden will address the facing tonight from washington after returning from israel, the president pledging support for israel but the also promising humanitarian aid stoifrnz in gaza and west bank, a Longtime State Department official josh paul resigning from post yesterday, over President Bidens ongoing support for israel he said, he said on you linked in supplying israel with weapons impulsive mentally disappointing. Tiana imagine saying no, we side with other guy with the ones the concentration camps killing jewish civilians the goals same hamas the day reckoning only comes once they exterminate all Jews Joe Biden surprised all of us with the fact he has stood this strongly with israel question in speech how much does he ebb directly call out hamass foreign allies how much does he call out primarily iran, does he commit to shutting off spigot to iran, hasnt mentioned iran once. Kaylee after meeting with netanyahu maybe cemen