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CSPAN Key Capitol Hill Hearings May 8, 2014

Some issues regarding financial stability. Real domestic gross product went up to an average annual rate of and a quarter percent over the second half of last year. A faster pace than in the first half and during the preceding two years. Although real gdp growth is currently estimated to a pause in the First Quarter of this year, i see that it is mostly reflecting transitory factors, including the effects of the unusually cold and snowy winter weather. With the harsh winter behind us, many recent indicators suggested a rebound in spending and production is already underway. Putting the overall economy on track for solid growth in the current quarter. One cautionary note is that readings on the housing activity is a sector that has been recovering since 2011. Main disappointed so far and we will be watching. Conditions for the market continue to improve. The Unemployment Rate is 6. 3 in april, one and a quarter Percentage Points below where it was a year ago. Moreover, gains in unemploy

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