Taken from me. I think thats a very good point. I think a lot of business, you know, International Business is going to start looking away from give it, and its a market. So they told more comfortable to trade, where they dont expect this kind of repercussion to the actions of governments, which at the end of the day is not really the action of the business. Many, many cases, business been work or whatever the luggage their international. And you cant stop penalizing punishing business when as the last overloads in the us get to russian business been 2 years ago. The indian general election is in full swing with a 2nd phase of those thing. Having wraps up in a t h constituencies across the teen stays the Indian National congress, the b j. P, and other policies are still fighting for endorsements from each stage. And we have a chance to speak with one of the candidates now with joined to advise the role, especially if the role in the number of parliaments when he, thanks for joining goe
Public service, along with these other television providers, giving you a front row seat to democracy. Federal reserve board chair Jerome Powell outline the Central Banks Monetary Policy before the Senate Banking housing and urban Affairs Committee. He also talked about the state of the u. S. Economy, inflation, Interest Rates, and bank Capital Requirements. This is to 15. Thank you, hows urban Affairs Committee will come to order. Give it again, you can certainly do that. The fed has immense power in shaping our economy. Your job is clear. Promote stable prices and maximum employment. Today, the cost of living is still far too expensive for most americans. The fed has only one tool available to fight those high prices. Interest rates. That tool does nothing to address the real cost, the real cause for why costs remain too high. Corporations price gouging to boost profits and make their shareholders richer. High rates dont force higher Interest Rates dont force corporations to lower th
Thank you, the Housing Affairs committee will come to order. General powell, after your Opening Statement and you want to give it again, you can certainly do that. The fed has immense power in shaping the economy, your report is clear, stable prices and employment. The cost of living is too expensive for americans. The fed has one tool to fight the high prices, Interest Rates. That tool does nothing to takes the real cause. Corporations price gouging to boost profits and make their shareholders richer. Higher Interest Rates dont force corporations to lower their prices but high Interest Rates are raising housing costs, hindering wage growth, stifling Small Businesses, we all know that. Now is the time for the fed to decide whether it will make good to their commitments to workers and families by lowering Interest Rates and protecting our Financial System from wall street executives who have used their wealth and power to influence Economic Policy and avoid accountability. Keeping rates
Photography group can come to as well. Without objection, chairs authorized to clear recessed committee at any time. This hearing is titled the Federal Reserves semiannual Monetary Policy report. Not the most inventive title, but traditional. We call Humphrey Hawkins up. Without objection, all members will have five legislative days within which to submit extreme material to the chair for inclusion in the record. I will note the outset of this hearing has a hard stop at 1 00 p. M. , which we will strictly observe. The chair would further announce to Committee Members that the chairs intention is in the second week we return in july, well have a markup, and that markup will include two important bills. One is giving Digital Assets a Market Structure, and federal regulatory we met, and the second is a federal stable coin regime. It is the intention of the chair to have that as a, two pieces of our Committee Markup in the second week we return in july. I now recognize myself for four minu
Photography group can come to as well. Without objection, chairs authorized to clear recessed committee at any time. This hearing is titled the Federal Reserves semiannual Monetary Policy report. Not the most inventive title, but traditional. We call Humphrey Hawkins up. Without objection, all members will have five legislative days within which to submit extreme material to the chair for inclusion in the record. I will note the outset of this hearing has a hard stop at 1 00 p. M. , which we will strictly observe. The chair would further announce to Committee Members that the chairs intention is in the second week we return in july, well have a markup, and that markup will include two important bills. One is giving Digital Assets a Market Structure, and federal regulatory we met, and the second is a federal stable coin regime. It is the intention of the chair to have that as a, two pieces of our Committee Markup in the second week we return in july. I now recognize myself for four minu