Up on your smart phone and that helps you find a restaurant you want, for the applet you give to your kids to give them something to do in the back of the car all the way up to applications built to handle your mobile banking, your retirement accounts and Sensitive Data including your health information. Guest our mobile community has turn the world from something that is pc centric to something where you carry her life and information in pocket. Host why does that why did at manufacturers etc. Feel a need to have representation in washington . Guest in reality its the same community that build a lot of programs for the pc and what is critical to understanding the weight government intersects with our world is we live on platforms whether its the platform called the internet, a platform called a app store, the device you live on, the Healthcare Industry intersect with, our developers create the programs that live on top of his other world and often times that world is dominated by high
Exercises with then any other nation in the capacity for good cyber part of, if you thought about someone you would want is a cyber partner, india would be a fantastic cyber partner. There is a lot in that space. Well be caring for that discussion in that hearing room in a matter of minutes. But jamal ill take a few questions. [applause]. Let me start im going to cheat a column my boss, because since i know this is dear to his heart, he and i fight about this all the time. First, that was a superb speech, thank you for doing that. Let me ask rather, the hardest part we see is how do we get congress to get an integrated view on an issue that cuts across all of the committees, i think the hardest thing is we have seen efforts by different committees about the stovepipe nature and it seems to be blocking us getting an integrated view. What can we do about that . Thats a great question and youre going to have panelist asked them that same question to because i want to hear what they say. T
Another rate increase may be appropriate fairly soon. Several factors suggest that the pace of rate increases should be gradual. Including the assem tri of risks at the zero lower bound, Downside Risks from weak Global Demand and gee political events. A lower long run mutual funds rate and the apparently elevated sensitivity of conditions tomile. Uncertainly about the location of supply side constraints provides another reason for gradualism. There are potential concerns with this gradual approach, however. Its possible that Monetary Policy could push reoutly sayings too high and inflation could move to temporarily above target. In an era of anchor expectations undershooting uh employment should result in only a small and temporary increase in the inflation rate. But running the economy above its potential growth rate for a extended period could involve extended risks even if inflation does not mean meaningfully above target. A long period of low Interest Rates could lead to aggressive