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Transcripts For CSPAN2 Federal Reserve Chair Jerome Powell Testifies Before House Financial 20240712

Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T

Transcripts For CSPAN2 House Financial Services Discussion With Financial Regulators 20240713

Update from prudential regulators. This is a timely discussion as we engage with the nations prudential regulars amidst the health care and economic devastation of the covid19 pandemic. In queens in other parts of new york city have been very part hardhit. We at seven marquesas and more deaths than most states in the country. I did knit this healthcare cris millions have lost their jobs and loss of income compounded the Economic Impact. But thanks to the doddfrank wall street reform and the implication of the decade before the financial crisis, the nations Banking Sector has emerged and develop a bright spot with adequate capital and worked with clients to restructure mortgages and loans and extend credit. But but i that serious concerns about the implementations of the ppp Stimulus Program and the role some of the banks played and prioritizing loans are Large Companies rather than Small Businesses a minority community. But thanks to the hard work of chairwoman waters and chairwoman ve

Transcripts For CSPAN Senate Hearing On Oversight Of Banks During Coronavirus Pandemic 20240713

Officials tell the Senate Banking committee about the overall state of the financial industry, including the effect of coronavirus made bills passed by congress, and the Federal Reserves Small Business loan program. Please click the mute button. Remind senators that the fiveminute clap still applies. I expect most senators will participate today so we really need to stick to that fiveminute timeframe because we have a vote coming up at noon so i will be tapping the gavel to remind you to wrap it up and to the witnesses i ask you, even though you are asked a question at the end of the five minutes, please Pay Attention to the clock and make those answers after the time has run out prompt and efficient. Seconds i will do a tap on the gavel. The speaking order process, senator brown and i have agreed to go by seniority for this first hybrid hearing. With that, let me start out. Our federale all of predental regulators, the Federal Reserve vice chairman of supervision randal quarles,the co

Federal Reserve Posts $114 Billion Loss In 2023

Federal Reserve Posts $114 Billion Loss In 2023
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