The board of governors of the Federal Reserve system and doctor christopher, the member of the board of governors in the Federal Reserve system. Welcome and congratulations to each of you for your nominations. I see friends and family in the room today and i welcome them as well. Were fortunate to have these two highly qualified nominees appearing today. These positions are critical to ensuring a safe, sound and vibrant Financial System in the healthy growing economy. The Federal Reserve was created by congress as the nations central bank to promote a stable economy and a safer more flexible Financial System. Among the Federal Reserve responsibility is conducting the nation Monetary Policy with the mandated promoting maximum employment, and moderate longterm Interest Rate. In addition to its Monetary Policy that oversees a significant portion of the sector including large, regional and Community Banks as well as certain nonbanks. It aims to foster a safe and efficient payment and settl
This hearing will come to order. This morning well consider the nominations of the honorable shelton to be a member of the board of governors of the Federal Reserve system and dr. Hristopher waller to be a member of the board of governors system. Federal reserve welcome and congratulations to each of you for your nominations. Family in the nd room today and i welcome them as well. Were fortunate to have these two highly qualified nominees today. Ng these positions are critical to nsuring a safe, sound and vibrant Financial System and to help the growing economy. The Federal Reserve was created by congress as the nations to promote a stable conomy and a safer, more flexible Financial System. Among the Federal Reserves responsibilities is conducting the nations Monetary Policy the mandate of promoting maximum employment, stable moderate long term Interest Rates. N addition to its Monetary Policy, a significant portion of the Banking Sector including and Community Banks as well as certain
It seems to be a completely different characteristic versus other ones but i will say that is characteristic of the political system in general. Things tend not to get resolved and blow up and we are in a very hyper partisan, hyper polarized deeply emotional time in the National Debate and a lot of that is reflect it in and created by the Trump White House, so that is different and i think the atmosphere is reflected well in this book to the extent thats what you see in thand kind of what you get wn you see the white house. Host anonymous calls his or her book a warning, and it protects and talks about but this is a threat to democracy. Guest they definitely take a strong position on whether or not hes qualified for the office that he holds and is trying to give advice with a titlthetitle of the warning to e who are valuing their choices for 2020. And his or her strong suggestion is that anyone who may have supported President Trump before should rethink that decision this next time. A
Cspan2. Now on book to be jeff mason and joel klein discuss a warning which is reported for a behindthescenes look from a Trump Administration from an anonymous source. You been around this town for a long time did you learn anything from anonymous . I dont think anything is startlingly new in the basics, its a critique of term presidency that we heard a lot in red in the same author in the New York Times and ominously, i think you learn the depth of the concern of this particular person and interesting details about antidotes. I thought one thing that was interesting was to learn the rationale for addressing this in this fashion and in an ominous book as opposed to with your name attached to it or keep it to yourself. I think thats an issue that a lot of people will look at the book and trying to figure out why do it this way and why attaching name to it or keep quiet until you left the ministration. Your down at the white house every day, what did you learn. A did distill some things
So what are the things i thought was interesting was to learn the rationale to address this in a fashion other than with your name attached to it. But that is an issue that why not attach your name to it . You are down at the white house every day what have you learned quex. To dispel some things that we already knew and one was his reaction there wasnt any major disclosures that surprised me because for much of the reporting of President Trumps style or to go into briefings for their talking points are put down to one bullet point that is known at this point. That doesnt make the book less important but thats not necessarily landing within a major impact because there is conventional wisdom. If you say no thats not true quex. I am not in a position but we get a lot of white house correspondence and certainly we are not in the room for everything. So im not in a position to judge. The book is written with the air or tone of a thorough one authority may be somebody who knows what the wh